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 17, 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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<PAGE>
Registrant hereby incorporates by reference in the report on Form 6-K the
following Exhibits:
Exhibit
Number Description of Exhibits
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1 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 17, 2000 with the
British Columbia Securities Commission,
Province of British Columbia, Canada and the
Ontario Securities Commission, Province of
Ontario, Canada.
<PAGE>
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/ Thomas Kordyback
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Name: Thomas Kordyback
Title: Vice President, Finance,
Chief Financial Officer
and Secretary
Date: May 17, 2000
<PAGE>
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 17, 2000 with the British
Columbia Securities Commission, Province of British Columbia, Canada and the
Ontario Securities Commission, Province of Ontario, Canada.
<PAGE>
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 17, 2000
3. Press Release
Date of Issuance: May 17, 2000
Place of Issuance: Vancouver, British Columbia
4. Summary of Material Change
Creo and Heidelberger Druckmaschinen AG ("Heidelberg") have agreed that
their joint venture, first formed in 1997, will terminate effective on May
18, 2000 and its place will be taken by an original equipment manufacturer
("OEM") relationship. The principal terms of the OEM relationship have
been agreed upon.
5. Full Description of Material Change
Creo and Heidelberg have been unable to agree on modifications to the
agreement governing their joint venture to take account of the merger of
the prepress operations of Creo and Scitex Corporation Ltd. The parties
have accordingly agreed to terminate the joint venture effective as of May
18, 2000. They have also agreed upon the principal business terms for
their continuing relationship. Under the new relationship, Creo's
Trendsetter(R) family of thermal platesetters and the Prinergy(TM)
workflow management system will continue to be sold through the
distribution channels of both CreoScitex and Heidelberg under the
respective brands of the two companies, and existing service arrangements
will continue to be honored.
Heidelberg has agreed to provide ongoing manufacturing services to Creo for
the next two years, at Creo's option. It is expected that The
Trendsetter(R) family of thermal platesetters will continued to be
manufactured in both Vancouver and Kiel for the foreseeable future.
Definitive agreements concerning the new relationship between Creo and
Heidelberg are expected to be settled and signed within the next month.
<PAGE>
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
9. Statement of Senior Officer
The foregoing accurately discloses the material change referred to herein.
DATED at Vancouver, British Columbia this 24th day of May, 2000.
CREO PRODUCTS INC.
Per: "Tom Kordyback"
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(Authorized Signatory)
Thomas Kordyback, Vice President, Finance,
Chief Financial Officer and Secretary
(Print Name and Title)
