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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 EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): October 20, 1998
Xyvision
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-147447 04-2751102
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(Commission File Number) (I.R.S. Employer Identification No.)
30 New Crossing Road
Reading, MA 01867
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(Address of principal executive offices) (Zip Code)
(781) 756-4400
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(Registrant's telephone number including area code)
Not Applicable
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Former Name or Former Address, if Changed Since Last Report
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Item 5. Other Events.
On October 20, 1998 Xyvision, Inc. (the "Company") announced that it would
implement the one-for-five reverse split of the Company's Common Stock approved
at the Company's recent annual meeting of stockholders. The reverse stock split
became effective as of the close of business on October 20, 1998. Fractional
shares resulting from the reverse stock split will be settled in cash.
Stockholders will be notified by the Company's transfer agent and exchange
agent, ChaseMellon Shareholder Services, L.L.C., regarding the process for
receiving new share certificates. Warrants and options to purchase the
Company's Common Stock, and other securities convertible into shares of the
Company's Common Stock, will be adjusted in accordance with their terms to
reflect the reverse stock split.
The full text of the Company's press release is filed as Exhibit 99 to
this Current Report on Form 8-K and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
See Exhibit Index attached hereto.
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SIGNATURE
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.
Date: October 21, 1998 XYVISION, INC.
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(Registrant)
By: /s/ Wendy Darland
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Wendy Darland
Vice President,
Chief Financial Officer,
Secretary and Treasurer
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EXHIBIT INDEX
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Exhibit
Number Description
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99 Press Release
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EXHIBIT 99
XYVISION, INC. ANNOUNCES REVERSE STOCK SPLIT
READING, MA - October 20, 1998 Xyvision, Inc. (OTCBB:XYVI) announced today that
it would implement the one-for-five reverse split of the Company's Common Stock
approved at the Company's recent annual meeting of stockholders. The reverse
stock spilt will become effective as of the close of business on October 20,
1998. Fractional shares resulting from the reverse stock split will be settled
in cash. To indicate the reverse stock split, the Company's trading symbol will
be temporarily changed to "XYVID." After 30 days, the Common Stock will resume
trading under the symbol "XYVI." A new CUSIP Number, "984180 30 7," has been
issued to distinguish stock certificates issued after the effective date of the
reverse stock split. Stockholders will be notified by the Company's transfer
agent and exchange agent, ChaseMellon Shareholder Services, L.L.C., regarding
the process for receiving new share certificates. Warrants and options to
purchase the Company's Common Stock, and other securities convertible into
shares of the Company's Common Stock, will be adjusted in accordance with their
terms to reflect the reverse stock split.
About Xyvision
Xyvision provides information management and document production solutions that
leverage the value of an organization's information assets and automate the
production of paper and digital documents. One of the earliest and most
established developers of publishing and information management solutions,
Xyvision markets products that are used by industry-leading aerospace and
automotive manufacturers, standards organizations, telecommunications
companies, publishers, and publishing service providers to produce reference
books, journals, catalogs, directories, financial and legal material and
technical manuals.
More information about Xyvision is available at http://www.xyvision.com.
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