<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_____________
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 27, 1999
MAPICS, Inc.
(Exact name of registrant as specified in its charter)
<TABLE>
<S> <C> <C>
Georgia 000-18674 04-2711580
(State or other jurisdiction (Commission File Number) (IRS Employer Identification No.)
of incorporation)
</TABLE>
1000 Windward Concourse Parkway
Alpharetta, Georgia 30005
(Address of Principal Executive Offices)
678-319-8000
(Registrant's telephone number, including area code)
Page 1 of 4
Index to Exhibits on Page 3
================================================================================
<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Exhibits
--------
Exhibit No. Description
---------- -----------
99 Press Release dated April 27, 1999
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.
MAPICS, Inc.
(Registrant)
Date: May 4, 1999 By /s/ Martin D. Avallone
----------------------
Martin D. Avallone
Vice President, General Counsel and
Secretary
2
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit Description Page No.
- ------- ----------- -------
99 Press Release dated April 27, 1999 4
3
<PAGE>
EXHIBIT 99
[LETTERHEAD OF MAPICS, INC. APPEARS HERE]
Financial Contact:
William J. Gilmour
Chief Financial Officer
MAPICS, Inc.
(678) 319-8283
[email protected]
MAPICS DIRECTORS APPROVE EXPANDED SHARE REPURCHASE PROGRAM
ATLANTA (April 27, 1999) - MAPICS, Inc. (Nasdaq/NM: MAPX) today announced
that its Board of Directors has increased the number of shares that the Company
is authorized to repurchase from 1.8 million to 5.0 million. The initial
authorization was made in February 1999, and MAPICS has invested approximately
$10.3 million to date to repurchase 1.1 million shares since this program was
initiated. The transactions are being made from time to time in the open market
at prevailing market prices. As of March 31, 1999, MAPICS had approximately
22.3 million shares outstanding on a fully diluted basis.
"We are pleased with the Board's decision to allocate significantly more of
the Company's capital to this repurchase program," said Dick Cook, president and
chief executive officer. "We believe that the repurchase of our shares will
prove to be an excellent investment for our shareholders. Although the current
fiscal year is developing as a challenging period for our industry and
ourselves, we remain confident about the long-term opportunities for growth.
MAPICS has a strong balance sheet with approximately $27.0 million in cash and
the prospects for a continuing positive cash flow from operations. We believe
this financial position will support an aggressive repurchase program, while
still allowing us to pursue enhanced and new software solutions through product
development, joint ventures and strategic acquisitions."
MAPICS, Inc., headquartered in Atlanta, Georgia, is one of the world's
leading providers of Enterprise Resource Planning (ERP) application software for
manufacturers. Over 2,400 customers have selected MAPICS XA, its current product
line. Through affiliate relationships, the Company provides solutions to
customers in more than 70 countries. MAPICS, Inc. serves such customers as
Bayer Corp.; General Electric Co., P.L.C.; Goodyear Tire & Rubber Co.; Honda
Motor Co., Ltd.; IBM; Michelin Corp.; Volvo Corp.; Westinghouse Electric Corp.
and York International. For more information, visit MAPICS' home page on the
World Wide Web at www.mapics.com.
--------------
MAPICS is a trademark of MAPICS, Inc.
Other trademarks may be trademarks of their respective owners.
Note: The correct usage of the MAPICS name is all capitals.
Statements in this press release or otherwise attributable to the Company
regarding the Company's business which are not historical fact, including those
regarding growth in its business, are forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Words such as "believe," "prove," "remain," "prospects" and "allowing"
are intended to identify such forward-looking statements. Many factors could
cause the Company's actual results to differ materially from those expressed in
the forward-looking statements made by or on behalf of the Company including,
without limitation, the size and timing of license transactions, the effect of
fluctuations in the economy, the impact of competitive products and services,
the impact of the Year 2000 problem on demand, the availability of qualified
resource, the ability to develop and enhance products, and other risks detailed
in the Company's Annual Report on Form 10-K and other filings with the SEC.
-END-
4
