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Rule 424(b)(3)
Registration No. 333-48219
GREAT PLAINS SOFTWARE, INC.
Prospectus Supplement No. 1, dated May 5, 1998
(To Prospectus dated March 31, 1998)
On May 5, 1998, Great Plains Software, Inc. filed with the Securities
and Exchange Commission the attached Current Report on Form 8-K.
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SECURITIES AND 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 Exchange Act of 1934
Date of Report (Date of earliest event reported): April 20, 1998
GREAT PLAINS SOFTWARE, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 000-22703 45-0374871
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(State or other jurisdiction (Commission file number) (I.R.S. Employer
of incorporation) Identification No.)
1701 S.W. 38th Street, Fargo, North Dakota 58103
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(Address of principal executive offices)
Registrant's telephone number, including area code: (701) 281-0550
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Item 2. Acquisition or Disposition of Assets.
On April 20, 1998, Great Plains Software, Inc. (the "Company")
purchased certain assets of ICONtrol, Inc. ("Seller"), a South Dakota
corporation and subsidiary of Holien, Inc. ("Parent"), a South Dakota
corporation, pursuant to an Asset Purchase Agreement dated as of
April 20, 1998 (the "Asset Purchase Agreement") by and among the
Company, Seller and Parent. As a result of this acquisition, the
Company obtained substantially all of the assets and certain
liabilities of Seller, including rights under and to Seller's
manufacturing and human resources software applications, and the
trademarks and copyrights related thereto, as well as Seller's ongoing
leases, contracts and office equipment. Prior to this transaction, the
Company was not affiliated with Seller or Parent. The purchase price
was determined through negotiations by the parties. The consideration
for the acquisition of Seller's assets was $7,490,726 in cash. The
cash used in the acquisition came from cash and investments on hand.
A copy of the Asset Purchase Agreement is being filed as Exhibit 2.1 to
this report.
2
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED
The required financial statements of Seller are not included in
this Current Report on Form 8-K. These financial statements
will be provided in an amendment to this Current Report on Form
8-K as soon as practicable, but not later than July 3, 1998
(60 days after the date upon which this Current Report on Form
8-K is required to be filed).
(b) PRO FORMA FINANCIAL INFORMATION
The required pro forma financial information relative to the
acquisition of Seller is not included in this Current Report on
Form 8-K. The pro forma financial information will be provided
in an amendment to this Current Report on Form 8-K as soon as
practicable, but not later than July 3, 1998 (60 days after the
date upon which this Current Report on Form 8-K is required to
be filed).
Exhibit No. Description
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2.1 Asset Purchase Agreement, dated April 20, 1998, by and
among Great Plains Software, Inc., ICONtrol, Inc. and
Holien, Inc.
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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: May 5, 1998 GREAT PLAINS SOFTWARE, INC.
/s/ Terri F. Zimmerman
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Terri F. Zimmerman
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit No. Description
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2.1 Asset Purchase Agreement, dated April 20, 1998, by and among
Great Plains Software, Inc., ICONtrol, Inc. and Holien, Inc.
