UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
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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): October 14, 1998
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(Exact name of registrant as specified in its charter)
Delaware 0-12167 54-1217099
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
18880 HOMESTEAD ROAD, CUPERTINO, CA 95014
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (408) 863-9900
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(Not Applicable)
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On October 14, 1998, the Board of Directors of Rational Software
Corporation (the "Company") authorized the Company to institute a stock
repurchase program whereby up to six million shares of its common stock
may be repurchased in the open market from time to time. A copy of the
press release related to such program is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
99.1 Press Release dated October 14, 1998 released by the Company
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.
RATIONAL SOFTWARE CORPORATION
(Registrant)
October 16, 1998 /s/ Timothy A. Brennan
Timothy A. Brennan,
Chief Financial Officer and Secretary
EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contacts: Timothy A. Brennan, Chief Financial Officer
(408) 863-4500
E-mail [email protected]
Brian Moore, Treasurer
(408) 863-4500
E-mail [email protected]
RATIONAL SOFTWARE CORPORATION PLANS STOCK REPURCHASE
Cupertino, Calif. (October 14, 1998) -- Rational Software Corporation
(NASDAQ: RATL) announced today that it has been authorized by its board
of directors to institute a stock repurchase program whereby up to six
million shares of its common stock may be repurchased in the open
market from time to time.
Tim Brennan, the company's chief financial officer, stated that "The
stock acquired under this repurchase program will be used for general
corporate purposes and should help offset dilution from stock issued
under the company's stock option and stock purchase plans.
ABOUT RATIONAL SOFTWARE CORPORATION
Rational Software Corporation (NASDAQ: RATL) is the market leader in
ensuring the success of customers who depend on their ability to
develop and deploy software for technical, embedded, Web, e-commerce,
and enterprise information systems. Rational had revenues of $311
million for its fiscal year that ended in March 1998, and employs over
1850 people worldwide. Rational's comprehensive solution addresses the
major challenges faced by customers developing the mission-critical
software applications that they depend on. Rational's solution
substantially improves the effectiveness and productivity of software
development teams, enabling them to reduce development time and improve
quality. For more information, visit Rational's Website at
http://www.rational.com.
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The word "Rational" and Rational's products are trademarks of Rational
Software Corporation. References to other companies and their products
use trademarks owned by the respective companies and are for reference
purposes only.
For more information contact:
Rational Software Corporation, 18880 Homestead Road, Cupertino, CA 95014
Tel. (408) 863-9900 or (800) 728-1212; Fax (408) 863-4120
Fax-on-demand: 1-800-758-5804 Pin: 113375
E-mail: [email protected]; Web: www.rational.com
