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): November 5, 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)
617-275-1800
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report)
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Item 5. Other Events
On November 5, 1996, Computervision Corporation issued a press
release announcing that Kathleen A. Cote has taken on the additional
responsibilities of Chief Executive Officer.
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 November 5, 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: November 11, 1996
<PAGE>
EXHIBIT INDEX
Exhibit No. Page. No.
(99) (a) Press Release dated November 5, 1996 5
<PAGE>
For Further Information:
Wayne B. George
Computervision Corporation
(617) 275-1800, ext. 2443
[email protected]
Cote Takes on Leadership of Computervision
Becomes CEO as Planned
BEDFORD, Mass., November 5, 1996 -- Computervision Corporation
(NYSE:CVN) today announced that as of November 1, 1996, Kathleen A. Cote
has taken on the additional responsibilities of Chief Executive Officer.
Cote has been President and Chief Operating Officer of Computervision
since November 1995.
The Cote appointment was first announced at the Annual Meeting of
Shareholders on June 11 of this year. Also, on July 25 of this year,
Cote was named a Director of the company, effective immediately.
"Computervision is aggressively moving to capitalize on its highly
competitive position in the Electronic Product Definition(TM) (EPD(TM))
marketplace," stated Kathleen A. Cote. "I see Computervision as a growth
company with a clear competitive advantage -- Electronic Product
Definition. It has been proven to be the product development process of
choice for manufacturers. It has helped us to make our customers, both
new and old, more competitive and strategic in their markets.
"Our former Chairman and CEO, Russell Planitzer, will remain in his role
as Chairman of the Board," Cote said. "I look forward to continuing to
work with Russ on major accounts, technology innovation and business
development, as we drive our core EPD strategy into the future."
Over the last year, some of the largest companies in the world have
adopted Computervision's EPD strategy including a recent $54 million
agreement with EDS for Rolls-Royce Aerospace and Allison Engine Company,
the largest contract in the company's history. Electronic Product
Definition integrates the entire product life cycle, allowing every part
of an organization -- design, development, manufacturing and support --
to work in an optimized collaborative environment.
<PAGE>
Cote assumed the position of President and Chief Operating Officer in
November 1995. In this position Cote has overseen Computervision's
marketing, services, technology, sales and administration functions as
well as heading up the company's Operating Committee. In February 1994,
her role expanded to include marketing and corporate communications.
Prior to that, she had been appointed in August 1989 as Vice President
of Worldwide Services. Cote joined Computervision in 1986 as Vice
President of Manufacturing, and in November 1987 she was made a
Corporate Officer.
Prior to Computervision, Cote was at Wang Laboratories for seven years
and held a number of senior management positions. She has a Bachelor of
Arts degree from the University of Massachusetts and an MBA degree from
Babson College.
Cote is a member of the Board of Directors at Bay Networks, Walden
University and the Massachusetts High Technology Council. She has
served as Vice Chairman of the Massachusetts Council for Advance
Technology Transfer and Manufacturing. Other past positions include the
Board of Directors of the Women's Initiative for Technology Leadership,
the Board of Directors of Babson College, the Boston Chapter of the
National Urban League, the Massachusetts Private Industry Council and
the Council for Women in High Technology, co-sponsored by the Department
of Labor and the University of Massachusetts.
Computervision Corporation Background
Computervision Corporation is a leading international supplier of
Electronic Product Definition solutions for developing, delivering, and
maintaining products throughout their life cycle. For more than 26
years, the company's product development software solutions have helped
manufacturers improve product quality and reduce time to market.
Computervision Services(R) 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 located
throughout the world.
This press release contains "forward-looking" statements under the
federal securities laws. The company notes that actual results could
differ materially from those projected. Various factors could cause
actual results to differ materially from those projected, including:
reliance on significant contracts from large customers that make
quarterly revenues and earnings difficult to predict, the risks
associated with new product introduction and technology development by
the company, product introductions or price changes by the company's
competitors, and general economic conditions by the company's principal
markets. The company refers the reader to its filings with the
Securities and Exchange Commission for other risks and uncertainties.
Computervision, the Computervision logo and CADDS are USPTO registered
trademarks of Computervision Corporation. Electronic Product Definition
and EPD are trademarks of Computervision Corporation. All other marks
are trademarks of their respective owners.
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