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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 19, 1998
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LOGILITY, INC.
(Exact name of registrant as specified in its charter)
Georgia 0-23057 58-2281338
(State or other jurisdiction of (Commission (I.R.S.Employer
incorporation or organization) File Number) Identification No.)
470 East Paces Ferry Road, N.E.
Atlanta, Georgia 30305
(Address of principal executive offices, including Zip Code)
404/261-9777
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)
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Item 5. Other Events.
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On November 19, 1998, the Company issued a press release regarding
Board approval of repurchases of up to 800,000 shares of common stock. A copy of
that press release is attached hereto as Exhibit 99.1 and is incorporated herein
by this reference thereto.
Item 7. Financial Statements and Exhibits.
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(c) The following Exhibit is attached to this Report and incorporated
herein by reference:
Exhibit 99.1 Press Release of Logility, Inc. dated November 19,
1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LOGILITY , INC.
(Registrant)
Date: December 4, 1998 By: /s/ James M. Modak
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Name and Title: James M. Modak,
Chief Financial Officer
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EXHIBIT INDEX
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EXHIBIT PAGE NUMBER
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99.1 Press Release of Logility, Inc. 4
issued on November 19, 1998
3
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: James M. Modak
Chief Financial Officer
Logility
404-264-5990
LOGILITY ANNOUNCES STOCK REPURCHASE PLAN
ATLANTA (November 19, 1998) - Logility, Inc.'s (NASDAQ:LGTY) board of
directors approved a resolution authorizing the Company to repurchase up to
800,000 shares of the Company's common stock. This repurchase will be through
open market purchases at prevailing market prices. The timing of any repurchases
will depend on market conditions, the market price of Logility's common stock
and management's assessment of the Company's liquidity and cash flow needs.
This repurchase plan is in addition to a previous plan to repurchase 350,000
shares which was completed in July.
"This additional repurchase plan reflects management's continued confidence
in the future of Logility and its Value Chain Management products as well as our
belief that Logility is undervalued and selling at discounted prices," said J.
Michael Edenfield, President and Chief Executive Officer.
ABOUT LOGILITY
Headquartered in Atlanta, Logility Inc. develops, markets, installs and
supports state-of-the-art software applications that optimize operations
throughout the value chain. Backed by a global sales and support organization
and key industry alliances, Logility Value Chain Solutions deliver advanced
collaborative planning and synchronization between demand opportunities, supply
constraints and logistics operations. Logility is proud to serve such customers
as Eastman Chemical Company, Heineken USA, Newell, Pharmacia & Upjohn, Reynolds
Metals, Sony Electronics, Timex and VF Corp. Logility is a certified Microsoft
Solutions Provider and a member of the Microsoft Value Chain Initiative.
FORWARD LOOKING STATEMENTS
It should be noted that this press release contains forward-looking
statements, that are subject to substantial risks and uncertainties. There are a
number of factors that could cause actual results to differ materially from
those anticipated by statements made herein. These factors include, but are not
limited to, changes in general economic conditions, technology and other changes
in the market for the Company's products and services, the timely availability
and market acceptance of these products and services, the effect of competitive
products and pricing, and the irregular pattern of revenues, as well as a number
of other risk factors which could effect the future performance of the Company.
For more information, contact: Logility, Inc.; 470 E. Paces Ferry Rd.,
Atlanta, GA 30305. (800) 762-5207. FAX: (404) 238-8450. Home page:
http://www.logility.com.
