SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 8-K
CURRENT REPORT
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 25, 1996
Computervision Corporation
(Exact name of registrant as specified in charter)
Delaware 1-7760/0-20290 04-2491912
(State or other (Commission (IRS Employer
jurisdiction File Numbers) Identification
of incorporation) Number)
100 Crosby Drive, Bedford, MA 01730
(Address of principal executive offices)
Registrant's telephone number, including area code
(617) 275-1800
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On July 25, 1996, the Company issued a press release announcing
the appointment of Kathleen A. Cote to the Board of Directors and William
A. Foniri to the position of Chief Financial Officer.
<PAGE>
Item 7. Financial Statements and Exhibits
(a) Financial Statements of business acquired:
Not applicable
(b) Pro Forma financial information
Not applicable
(c) Exhibits:
(99)(a) Press Release dated July 25, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Computervision Corporation
(Registrant)
By:
Anthony N. Fiore, Jr.
Vice President, Business
Operations and General Counsel
Date: July 31, 1996
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.
Computervision Corporation
(Registrant)
By /S/ Anthony N. Fiore, Jr.
Anthony N. Fiore, Jr.
Vice President, Business
Operations and General Counsel
Date: July 31, 1996
<PAGE>
EXHIBIT INDEX
Exhibit No. Page. No.
(99)(a) Press Release dated July 11, 1996 6,7
<PAGE>
For Further Information:
Paula Slotkin
Computervision Corporation
(617) 275-1800, ext. 1838
FOR IMMEDIATE RELEASE
Kathleen A. Cote Named to Computervision Board of Directors
-- William A. Foniri Appointed Chief Financial Officer --
BEDFORD, Mass., July 25, 1996 -- The Board of Directors of Computervision
Corporation (NYSE:CVN) today announced that Kathleen A. Cote has been
named a Director of the company, effective immediately. Cote, 47, is
currently the company's President and Chief Operating Officer and, as
previously announced, will assume the additional role of Chief Executive
Officer on November 1, 1996. Cote will replace Norman Bolz, 75, who will
not stand for reelection to the Board at the next annual meeting in 1997.
Computervision also announced the appointment of William A. Foniri, 46,
to the position of Chief Financial Officer. Foniri, who will report
directly to Cote, has served in a number of senior management posts with
the company since 1980, most recently as Computervision's Treasurer and
Vice President-Business Management. He succeeds Doug Smith, who is
returning to the San Francisco area to be with his family and pursue
business interests that will allow him to spend substantially more time
in and around Northern California.
Russell E. Planitzer, Chairman and Chief Executive Officer, said, "These
appointments are consistent with the transition of Kathy Cote to CEO on
November 1. We look forward to Kathy's input at the Board level.
"On behalf of the entire senior management team", Planitzer continued, "I
want to acknowledge Doug's invaluable contribution in the restructuring
and rebuilding of Computervision. We appreciate his efforts to help
position Computervision on its current growth track and we wish him well
as he now returns home."
Commenting on the appointment of Foniri, Cote stated, "Computervision
is fortunate to have an executive of Bill Foniri's experience and
financial expertise. Bill is a key member of the management team with
whom I have been working to rebuild Computervision into a leading
software and services company. Bill has been working closely with Doug
Smith since March and is well-prepared to assume the responsibilities of
the Chief Financial Officer."
Planitzer added, "Norm's contribution, particularly as Chair of the Audit
Committee, now filled by Eugene Freedman, has been outstanding. We will
miss Norm's wise counsel."
Computervision Background
Computervision Corporation is a leading international supplier of desktop
and enterprise-wide product development software and services. For more
than 25 years, the company's product and process data management (PDM)
and design automation (CAE/CAD/CAM) software solutions have helped
manufacturers improve product quality and reduce time to market.
Computervision Services provides best-practices consulting programs to
support product development process reengineering and technology
implementation. Computervision Services also supports applications,
systems, and networks in heterogeneous computing environments.
Computervision is headquartered in Bedford, Massachusetts, and provides
sales and support services to its customers through its offices
worldwide.
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Computervision, Computervision Services and the Computervision logo are
USPTO registered trademarks of Computervision Corporation. All other
marks are trademarks of their respective owners.
A copy of this release plus financial, product, and other company
information is available via fax by dialing 1-800-546-4616. Any
questions should be directed to Investor Relations at Computervision
Corporation at (617) 275-1800.
