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
April 5, 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- ___.)
<PAGE>
Registrant hereby incorporates by reference in the report on Form 6-K the
following Exhibits:
Exhibit
Number Description of Exhibits
- ---------- ---------------------------
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 April 5, 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
----------------------------------
Name: Thomas Kordyback
Title: Vice President, Finance,
Chief Financial Officer
and Secretary
Date: April 5, 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 April 5, 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)
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1. Reporting Issuer
CREO PRODUCTS INC. ("Creo")
3700 Gilmore Way
Burnaby, British Columbia
V5G 4M1
2. Date of Material Change
April 4, 2000
3. Press Release
Date of Issuance: April 4, 2000
Place of Issuance: Vancouver, British Columbia
4. Summary of Material Change
Creo Products Inc. completed its previously announced acquisition of the
digital preprint and print-on demand assets of Scitex Corporation Ltd.
("Scitex") in exchange for 13.25 million Creo shares, valued at
approximately US $551 million.
5. Full Description of Material Change
As previously announced in January 2000, the closing of this transaction
officially merges the prepress operations of Scitex with Creo's existing
graphic arts operations. The resulting operating division, called
CreoScitex, will focus exclusively on technologies for the graphic arts
industry. CreoScitex will capitalize on strong synergies in technology,
products, services, and distribution to create a leading provider of
worldwide digital prepress solutions. As the operating name for the entire
graphic arts division of Creo Products Inc., CreoScitex embodies for
customers a proven history of technological innovation and signals solid
leadership in the digital transformation of the graphic arts industry.
<PAGE>
Immediately following the closing, Rimon Ben-Shaoul (Chairman of the Scitex
board) and Yoav Z. Chelouche (President and CEO of Scitex) were appointed
to the board of Creo Products Inc., joining seven existing directors. Amos
Michelson (CEO of Creo Products Inc.) and Dan Gelbart (Corporate President
of Creo Products Inc.) continue in their roles. Mark Dance (Executive
Vice-President of Creo Products Inc.) leads the CreoScitex management team
as President. Erez Meltzer, formerly of Scitex, has assumed the role of
Chief Operating Officer of Creo Products Inc. and President of CreoScitex
Corporation Ltd. in Israel.
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 5th day of April, 2000.
CREO PRODUCTS INC.
Per: /s/ Tom Kordyback
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(Authorized Signatory)
Thomas Kordyback, Vice President,
Finance, Chief Financial Officer
and Secretary
(Print Name and Title)
