SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULA 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
May 30, 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
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(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
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ___.)
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Registrant hereby incorporates by reference in the report on Form 6-K the
following Exhibits:
Exhibit
Number Description of Exhibits
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Creo Products Inc. Material Change Report under
Section 85(1) of the Securities Act (British
Columbia) and Material Change Report under
Section 75(2) of the Securities Act (Ontario)
On Form 27, filed on May 31, 2000 with the
British Columbia Securities Commission,
Province of British Columbia, Canada and the
Ontario Securities Commission, Province of
Ontario, Canada.
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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, thereunto duly authorized.
CREO PRODUCTS INC.
BY: /s/ Mark Dance
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Name: Mark Dance
Title: Executive Vice President
Date: May 31, 2000
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EXHIBIT 1 TO FORM 6-K
Creo Products Inc. Material Change Report under Section 85(1) of the Securities
Act (British Columbia) and Material Change Report under Section 75(2) of the
Securities Act (Ontario) on Form 27, filed on May 31, 2000 with the British
Columbia Securities Commission, Province of British Columbia, Canada and the
Ontario Securities Commission, Province of Ontario, Canada.
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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
May 30, 2000
3. Press Release
Date of Issuance: May 31, 2000
Place of Issuance: Vancouver, British Columbia
4. Summary of Material Change
Creo Products Inc. (NASDAQ: CREO;TSE: CRE) ("Creo") announced the
acquisition of Intense Software Inc., a Vancouver-based software
development company. The acquisition of the Intense Software assets - in
exchange for US $16 million in combined cash and stock - gives Creo
exclusive rights to technologies and products that will complement
CreoScitex systems. CreoScitex is the principal operating division of Creo
and focuses on the graphic arts industry.
5. Full Description of Material Change
Creo Products Inc. ("Creo") has closed an acquisition of substantially all
of the assets and undertaking of Intense Software Incorporated, a
Vancouver-based software development company pursuant to an asset purchase
agreement made as of May 19, 2000 among the Company, Intense Software
Incorporated, Vince Lebow and Chris Boothroyd (founders of Intense
Software). The aggregate acquisition price paid by Creo is approximately
(US) $16 million, partial consideration for which was satisfied by the
issuance of 467,654 common shares of Creo at a deemed price per share of
(US)$32.075 and payment of approximately (US) $1 million in cash. Creo
also assumed certain trade payables related to the business of Intense
Software.
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Founded in 1995, Intense Software develops and markets software for graphic
designers, business users, and printing professionals. The company also
custom-engineers software under contract for several industry-leading
companies. Through this acquisition, Creo will gain access to the existing
network of over 50 of Intense Software distributors and resellers in North
America, Europe, the Pacific Rim, Japan, and Latin America. Intense
Software products help users add value to all aspects of the creation
process. Several content-modification plug-in products are of particular
interest for ongoing application in the graphic arts industry through
CreoScitex:
PDF Seps2Comp An Adobe(R) Acrobat(R) plug-in for converting separated PDF
files to composite PDF files
Powertone An Adobe PhotoShop(R) plug-in for creating stunning duotones
Silvertone An Adobe PhotoShop plug-in for creating spot metallic
separations
Kimbo An Adobe Illustrator(R) plug-in for simplifying the creation
of difficult and time-consuming artwork
Curvius An Adobe Illustrator plug-in for cleaning up vector art
Intense has performed custom software engineering for industry-leading
companies involved in prepress and print-production. Through this work and
other development, the team has developed core expertise in PostScript,
PDF, and color conversion.
6. Reliance on Section 85(2) of the Securities Act (British Columbia)/Section
75(3) of the Securities Act (Ontario)
Not applicable.
7. Omitted Information
Not applicable.
8. Senior Officers
For further information contact:
Thomas Kordyback
Creo Products Inc.
3700 Gilmore Way
Burnaby, BC
V5G 4M1
Telephone: (604) 451-2743
Facsimile: (604) 419-4724
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9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
DATED at Burnaby, British Columbia this 31st day of May, 2000.
CREO PRODUCTS INC.
Per: /s/Mark Dance
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(Authorized Signatory)
Mark Dance
Executive Vice President, Creo Products Inc.
(Print Name and Title)
