SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) September 19, 1997
ARTISOFT, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
000 - 19462 86-0446453
(Commission File Number) (I.R.S. Employer Identification No.)
2202 North Forbes Boulevard, Tucson, Arizona 85745
(Address of Principal Executive Offices) (Zip Code)
(520) 670-7100
(Registrant's Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
This EDGAR filed document contains 5 pages.
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On September 12, 1997, the Registrant issued a press release announcing
the resignation of William C. Keiper as Chairman and a member of the Company's
Board of Directors effective September 12, 1997 and as Chief Executive Officer
effective September 30, 1997. T. Paul Thomas, President and Chief Operating
Officer, has been appointed as a director. In addition, Jerry E. Goldress, a
current member of the Company's Board of Directors, has been elected Chairman.
The press release is being filed as an exhibit to this Current Report on Form
8-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
1. Registrant's Press Release dated September 12, 1997
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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: September 19, 1997
ARTISOFT, INC.
By /s/ Ernest E. East
--------------------------------------
Ernest E. East
Vice President, General Counsel
and Corporate Secretary
Contact: Janet L. Millbranth
Investor Relations
Voice: (520) 670-7163
E-mail: [email protected]
Artisoft CEO to Leave Company
Jerry E. Goldress Elected Chairman; T. Paul Thomas
Appointed to Board
(TUCSON, AZ - September 12, 1997) -- Artisoft, Inc. (Nasdaq: ASFT)
today announced that its Chief Executive Officer, William C. Keiper, will leave
the company effective September 30, 1997. In addition, Keiper, who has been
Chief Executive Officer since June 1993, has resigned as Chairman and as a
member of the company's Board of Directors.
T. Paul Thomas, President and Chief Operating Officer has been
appointed as a director to fill the vacancy created by the departure of Mr.
Keiper.
In addition, Jerry E. Goldress, a current member of the company's
Board, has been elected Chairman, and will oversee the company's operations. The
company does not currently plan to hire a replacement Chief Executive Officer.
Goldress, 66, is also Chairman of the Board and Chief Executive Officer of
Grisanti, Galef and Goldress, Inc. (GGG), a firm specializing in corporate
turnaround management and performance improvement. Since joining GGG in 1973,
Goldress has been president of more than 100 manufacturing, distribution and
retail organizations. Prior to joining GGG, Mr. Goldress held senior management
positions with Raytheon, General Electric and General Motors.
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Artisoft CEO to Leave Company - Page 2
ABOUT ARTISOFT
Artisoft leads the industry in providing easy-to-use, affordable solutions for
growing businesses. Chosen by over five million users worldwide to connect and
share computer resources, Artisoft solutions include the award-winning
LANtastic(R) networking products; remote communication offerings including
CoSession Remote(TM) and Artisoft(R) ModemShare(TM); and Internet products
including i.Share(TM) and XtraMail(TM). Dedicated to the development of
easy-to-use tools and applications for Windows telephony, Artisoft's computer
telephony solutions include Visual Voice(R), Visual Fax(R), and InfoFast(TM).
For more information, contact Artisoft, Inc. at 2202 N. Forbes Blvd., Tucson, AZ
85745, Sales Consultation Center 800/233-5564. Corporate 520/670-7100. Fax
520/670-7101, or visit Artisoft on the Internet at http://www.artisoft.com.
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"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995:
This release may contain forward-looking statements that involve risks and
uncertainties. Among the important factors which could cause actual results to
differ materially from those in the forward-looking statements are the impact of
competitive products and pricing, product demand and market acceptance risks,
the presence of competitors with greater financial resources, product
development and commercialization risks, costs associated with integration and
administration of acquired operations, capacity and supply constraints or
difficulties, the results of financing efforts and other factors detailed in the
Company's filings with the Securities and Exchange Commission including its
recent filings on Forms 10-K and 10-Q.
