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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) November 14, 2000
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Altris Software, Inc.
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(Exact name of registrant as specified in charter)
California 0-15935 95-3634089
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(State or other jurisdiction of (Commission file number) (IRS employer
incorporation) identification no.)
9339 Carroll Park Drive, San Diego, California 92121
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (858) 625-3000
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Not applicable
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(Former name or former address, if changed since last report)
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ITEM 2. ACQUISITION OF ASSETS.
On November 14, 2000, Altris Software, Inc., a California corporation (the
"Registrant"), acquired all of the outstanding capital stock of Spescom KMS
("KMS"), the document management business of Spescom Limited UK, a corporation
organized under the laws of the United Kingdom and a subsidiary of Spescom
Limited ("Spescom"), a South African corporation. As of September 30, 2000,
Spescom owned approximately 60% of the Registrant's issued and outstanding
common stock. This transaction was deemed effective as of October 1, 2000. Prior
to the Registrant's acquisition of KMS, KMS had been the Registrant's exclusive
distributor for the Registrant's eB product suite outside North, Latin and South
America. In exchange for the capital stock of KMS and the assumption of certain
KMS liabilities, the Registrant will issue 550,000 shares of its common stock to
Spescom. On November 14, 2000, the closing price of the Registrant's common
stock on the OTC bulletin board was $1.875. For additional information regarding
the Registrant's acquisition of KMS, please see the Agreement attached hereto as
Exhibit 2.1 and the Registrant's press release attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) None of the required financial statements are currently available.
Pursuant to paragraph (a)(4) of Item 7, the required historical
financial information will be filed or incorporated by reference as
soon as practicable, but in any event not later than 60 days following
the date on which this Form 8-K must be filed.
(b) None of the required pro forma financial information is currently
available. Pursuant to paragraph (b)(2) of Item 7 ,the required pro
forma financial information will be filed as soon as practicable, but
in any event not later than 60 days following the date on which this
Form 8-K must be filed.
(c) EXHIBITS.
The following exhibits are filed with this report on Form 8-K:
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<CAPTION>
EXHIBIT NO. DESCRIPTION
<S> <C>
2.1 Agreement dated November 14, 2000 among the Registrant, Altris
Group plc, and Spescom Ltd.
99.1 Press Release, dated November 14, 2000, announcing the completion
of the acquisition.
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SIGNATURES
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: November 29, 2000. ALTRIS SOFTWARE, INC.
By: /s/ John W. Low
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John W. Low
Chief Financial Officer
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EXHIBIT INDEX
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<CAPTION>
EXHIBIT NO. DESCRIPTION
<S> <C>
2.1 Agreement dated November 14, 2000 among the Registrant,
Altris Group plc, and Spescom Ltd.
99.1 Press Release, dated November 14, 2000, announcing the
completion of the acquisition.
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