UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM 6-K
_______________
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a(16) OR 15d(16) OF THE
SECURITIES EXCHANGE ACT OF 1934
October 24, 2000
CREO PRODUCTS INC.
(Exact name of Registrant as specified in
its charter)
3700 Gilmore Way
Burnaby, B.C. Canada V5G 4M1
(Address of principal executive offices)
(Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.)
Form 20-F [ X ]
Form 40-F
[ ]
(Indicate by check mark whether the registrant by
furnishing the information contained in this Form is also thereby
furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
Yes [ ]
No
[ X ]
FORM 27
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE
SECURITIES ACT (BRITISH COLUMBIA)
MATERIAL CHANGE REPORT UNDER
SECTION 75(2) OF THE SECURITIES ACT (ONTARIO)
1. Reporting Issuer
CREO PRODUCTS INC.
("Creo")
3700 Gilmore Way
Burnaby, British
Columbia
V5G 4M1
2. Date of Material Change
October 24, 2000
3. Press Release
Date of Issuance:
October 24, 2000
Place of Issuance:
Vancouver, British Columbia
4. Summary of Material Change
Creo Products Inc.
(NASDAQ: CREO; TSE: CRE), appointed Michael Graydon as Chief Financial
Officer, VP Finance and
Corporate Secretary. Mr. Graydon assumes the roles of Chief Financial Officer,
VP Finance and Corporate
Secretary from Tom Kordyback who today tendered his resignation of these
positions but plans to
remain with the company as Director of Operations in Vancouver.
5. Full Description of Material Change
Mr. Graydon joins Creo
from Voyus Ltd. (CDNX: VCS.U) (Voyus), a leading technology services
organization, where he
held the position of Chief Financial Officer. He comes to Creo with extensive
experience in the finance
and development of successful high growth companies and will support the
company's existing
investor relations strategies, financial management, cost control efforts,
mergers and
acquisitions and growth
plans.
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"Michael will play a lead
role in the continued development of Creo as a world-leading Canadian
technology company" said
Amos Michelson "He brings a wealth of corporate and operational experience
to our management team and
will provide leadership in the development and implementation of the
company's growth."
Prior to working at Voyus,
Mr. Graydon held various senior financial management roles for Ballard
Power Systems (NASDAQ:
BLDP; TSE: BLP) and Toyota Motor Manufacturing Canada Inc. He holds a
B.Sc. (Honours) from
Queens University, an MBA from McMaster University and a Chartered
Accountant designation.
Concurrent with this
appointment, Creo accepts the resignation of Tom Kordyback from the positions
of
Chief Financial Officer,
VP Finance and Corporate Secretary. Mr. Kordyback who has been with Creo
since July 1995 as Chief
Financial Officer plans to change his role with Creo in order to spend more
time
with his family. As
Director of Operations, Tom will focus on management of Creo's Vancouver
operations as well as
working with the finance team to transition Mr. Graydon into the role of Chief
Financial Officer.
"Deciding to leave the
position of CFO at Creo was a difficult decision," said Mr. Kordyback ,"but
personal considerations
make this necessary. Creo is a great company with an exciting future. I have
a great deal of confidence
in Creo and am proud to be a part of the management team that built Creo into a
world leader in solutions
for the graphic arts industry. I am looking forward to a continued relationship
with the company in my new
role."
"On behalf of the Board
of Directors, we would like to welcome Michael to the positions of CFO, VP
Finance, and Corporate
Secretary. To have a proven leader with the quality and integrity Michael
brings
to this organization
promises continued growth and success for Creo," said Raffi Amit, Co-Chair of
the
Board. "At this time, we
would like to thank Tom for his enormous contribution to the growth of the
company. He has been a key
asset to the Creo management team over the past 5 years. We, on the Board,
respect and support Tom's
personal decision to adjust his position at Creo and look forward to Tom's
continued contribution to
Creo in the future."
6. Reliance on Section 85(2) of the
Securities Act (British Columbia)/Section 75(3) of
the Securities Act
(Ontario)
Not applicable.
- 3 -
7. Omitted Information
Not applicable.
8. Senior Officers
For further information
contact:
Amos Michelson
Creo Products Inc.
3700 Gilmore Way
Burnaby, BC
V5G 4M1
Telephone:
(604) 451-2700
Facsimile:
(604) 419-4724
9. Statement of Senior Officer
The foregoing accurately
discloses the material change referred to herein.
DATED at Vancouver, British Columbia this 25th day of October, 2000.
CREO PRODUCTS INC.
Per: "Amos Michelson"
(Authorized Signatory)
Amos Michelson
Chief Financial Officer
(Print Name and Title)
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