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): May 21,
1997
Computervision Corporation
(Exact name of registrant as specified in charter)
Delaware 1-7760/0-20290 04-2491912
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(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)
<PAGE>
Item 5. Other Events
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On May 21, 1997, Computervision Corporation issued a
press release announcing the nomination of two new members
to its Board of Directors (see copy of press release
attached).
<PAGE>
Item 7. Financial Statements and Exhibits
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(a) Financial Statements of business acquired:
Not applicable
(b) Pro Forma financial information
Not applicable
(c) Exhibits:
(99) (a) Press Release dated May 21, 1997
<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: May 28, 1997
<PAGE>
EXHIBIT INDEX
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Exhibit No. Page. No.
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(99) (a) Press Release dated May 21, 1997 6-7
<PAGE>
For Further Information
Wayne B. George
Computervision Corporation
(617) 275-1800, ext. 2443
[email protected]
FOR IMMEDIATE RELEASE
Computervision Nominates Two New Members
to Its Board of Directors
Action Reflects a Continuing Commitment to Produce
Technologically Superior, Best-in-Class Products
Required by Its Customers
BEDFORD, Mass., May 21, 1997 -- Computervision Corporation
(NYSE:CVN) today announced that two new members have been
nominated to its Board of Directors. The individuals,
Sanjiv Ahuja and Henry Ancona, will be voted upon by the
Company's shareholders at its Annual Shareholders' Meeting
to be held on June 10, 1997. Stepping down as Directors at
the meeting are John F. Cunningham and Lawrence L. Landry.
Kathleen A. Cote, Computervision's Chief Executive Officer,
commented, "I am very pleased to have executives of the
caliber of Sanjiv and Henry join our Board. Given the
extensive technological backgrounds of these individuals,
their addition to the Board reflects our continuing efforts
to emphasize what best creates shareholder value...bringing
to market superior product on a timely basis."
Mr. Ahuja is currently President and Chief Operating Officer
of Bellcore, a leading provider of communications software
and consulting services based upon world-class research. At
Bellcore, he has grown revenues and operating income over
the last three years by emphasizing a disciplined software
development process while maintaining Bellcore's competitive
edge with its existing family of products. Prior to
Bellcore,
Mr. Ahuja spent 15 years at IBM Corporation, culminating in
being its Director of Enterprise Management Platforms.
As Executive Vice President at Polaroid Corporation, Mr.
Ancona has been responsible for digital imaging software and
hardware technologies. Before joining Polaroid, he was
employed by Digital Equipment Corporation for 22 years,
where his last position was Vice President, Corporate
Business Planning. Mr. Ancona's career has been focused on
the merging of business and technology skills to achieve
profitable growth.
Cote continued, "This action reinforces Computervision's
commitment to delivering and supporting technologically
superior software products to its customers. Sanjiv and
Henry bring to the Board highly successful backgrounds in
managing complex software development and marketing
programs. Each had demonstrated throughout his career the
ability to create shareholder value by managing the constant
challenge of product development and evolution that all
technology companies face. Their input and guidance will
help us to continue the rapid growth of our market-leading
Electronic Product Definition(TM)(EPD(TM) product line, as
well as the continuing evolution of our CADDS(R) software
products.
The Company also noted that two large shareholders owning an
aggregate of approximately 21 percent of the Company's
outstanding common stock have delivered to the Company
irrevocable proxies in favor of the election of all nominees
for directors at the Company's annual meeting of
Stockholders to be held on June 10, 1997.
Computervision Corporation Background
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Computervision Corporation (NYSE:CVN) is the leading
international supplier of Electronic Product Definition
(EPD) solutions. EPD is Computervision's product and
process response to the customer need to concurrently
create, manage, share and reuse electronic product
information in a collaborative environment throughout a
product's life cycle and across a distributed value chain.
For more than 26 years, the company's product development
software solutions have helped manufacturers improve product
quality and reduce time to market. Computervision is
headquartered in Bedford, Massachusetts.
Computervision, the Computervision logo, and CADDS are
registered trademarks of Computervision Corporation.
Electronic Product Definition and EPD are trademarks of
Computervision Corporation. All other trademarks are
trademarks of their respective owners.
A copy of this release plus financial, product and other
company information is available by dialing 1-800-546-4616.
Any questions concerning the service should be directed to
Investor Relations at Computervision Corporation at 617/275-
1800. For more on Computervision, please call (617) 275-
1800 or visit the Computervision web site at
http://www.cv.com.
