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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): January 14, 1997
QUARTERDECK CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-19207 95-4320650
(STATE OR OTHER (COMMISSION FILE (I.R.S. EMPLOYER
JURISDICTION OF NUMBER) IDENTIFICATION NO.)
INCORPORATION)
13160 Mindanao Way, Marina del Rey, California 90292
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 309-3700
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ITEM 5. OTHER EVENTS.
On January 14, 1997, Quarterdeck Corporation issued a press release
with respect to the appointment of its chief executive officer. A copy of the
press release dated January 14, 1997 is filed as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 January 14, 1997 press release
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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 hereunto duly authorized.
QUARTERDECK CORPORATION,
a Delaware corporation
January 14, 1997
By: /s/ KING R. LEE
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Name: King R. Lee
Title: Office of the President
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EXHIBIT 99.1
NEWS RE:
BULLETIN QUARTERDECK CORPORATION
13160 Mindanao Way
Marina del Rey, CA 90292
FROM: (310) 309-3700
FRB TRADED: NASDAQ: QDEK
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The Financial Relations Board Inc.
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FOR FURTHER INFORMATION: AT THE FINANCIAL RELATIONS BOARD:
AT THE COMPANY: Fiona Ross Moira Conlon/Renee Law
Frank Greico General Information Analyst Contact
Chief Financial Officer 11611 San Vicente Blvd., #700 11611 San Vicente Blvd., #700
(310) 309-3700 Los Angeles, CA 90049 Los Angeles, CA 90049
(310) 442-0599 (310) 442-0599
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FOR IMMEDIATE RELEASE
JANUARY 14, 1997
QUARTERDECK CORPORATION APPOINTS CURTIS A. HESSLER AS
NEW CHIEF EXECUTIVE OFFICER
MARINA DEL REY, CA, JANUARY 14, 1997 ... Quarterdeck Corporation (Nasdaq:
QDEK) announced today that Curtis Hessler has been appointed to the position
of President and Chief Executive Officer of the Company. Hessler will assume
his duties at the end of January.
Hessler is presently serving as chairman of I-Net, Inc., an
enterprise network integration and outsourcing firm which he helped acquire
for Wang Laboratories in 1996. He is also chairman and co-founder of E-Biz, a
business-to-business Internet commerce venture, and serves as a director of
Wallace Computer Services, Live Picture, Interactive Search and Legacy
Software. From 1991 through 1995, Hessler was Executive Vice President at
Times Mirror Company, heading its professional and academic publishing, cable
television, magazine and digital media businesses. From 1984 to 1991, Hessler
held senior executive positions at Unisys Corporation, serving ultimately as
vice chairman and heading Unisys Defense Systems. During the Carter
Administration, he served as Assistant Secretary of the Treasury for Economic
Policy and Associate Director of the Office of Management and Budget (OMB).
Prior to entering the computer and media industries, Hessler practiced
corporate law, following a clerkship with U.S. Supreme Court Justice Potter
Stewart. He was educated at Harvard College, Yale Law School, the University
of California and Oxford, as a Rhodes Scholar.
"We believe Curt Hessler is the executive we have been looking for to
run Quarterdeck. His superb track record, breadth and depth of corporate
experience and intelligence make him an ideal candidate to lead the company
into the future," said Frank LaHaye, Chairman of the Board. "As an
experienced leader, negotiator and motivator, Curt will take over from King
Lee, who, in his role heading the Office of the President, was responsible
for our recent successful
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Quarterdeck Corporation
Add 1
restructuring. Hessler inherits from King a streamlined, focused and effective
organization poised for a return to profitability," concluded LaHaye.
"With Curtis Hessler leading the Corporation, I am confident we have an
executive with a truly excellent range of relevant corporate experience.
Hessler's skills, experience and maturity will be instrumental in allowing
Quarterdeck to fulfill its potential. The Company's management team now has an
opportunity to build on our strong technology platform to develop our role as a
leading provider of software solutions," said King R. Lee, a member of the
Board of Directors and Office of the President.
"Quarterdeck presents a wonderful opportunity to join a fine board and
management team, to help build a superb company and to grow significant
shareholder value," said Hessler. "The Company is emerging from its
restructuring with a solid brand reputation, fine products, significant
technologies, marketing capabilities and a wealth of talented people. The rapid
spread of PC-based networking provides many new opportunities for the Company's
core skills."
Quarterdeck plans to provide its regular quarterly release on its first
quarter ended December 31, 1996 on Thursday, January 30, 1997 after market
close.
Quarterdeck Corporation is a pioneer in the development of PC utilities
and Internet software. The Company is an industry leader in bringing utilities
solutions to the Windows and Macintosh environments and offers powerful
Internet and communications software tools. Quarterdeck Corporation is
headquartered at 13160 Mindanao Way, Marina Del Rey, CA 90292. Its European
headquarters are in Dublin, Ireland. Further product availability and pricing
information may be obtained by calling (310) 309-3755 and by accessing
Quarterdeck's Internet website at http://www.quarterdeck.com.
This press release contains forward-looking statements which are made
pursuant to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. Words such as "believes", "poised for" and similar
expressions reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive means of
identifying such statements. These forward-looking statements involve a number
of risks and uncertainties, including the timely development and market
acceptance of products and technologies, successful integration of
acquisitions, the ability to secure additional sources of financing, the
ability to reduce operating expenses and other factors described in the
Company's filings with the Securities and Exchange Commission. The actual
results that the Company achieves may differ materially from any
forward-looking statements due to such risks and uncertainties. The Company
undertakes no obligations to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the date of this
release.
For more information about Quarterdeck Corporation via facsimile at no
cost, simply call 1-800-PRO-INFO and enter the ticker symbol QDEK.
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