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UNITED STATES 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): June 8, 2000
COREL CORPORATION (Exact name of registrant as specified in its charter)
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1600 Carling Avenue
Ottawa, Ontario, Canada KIZ 8R7
(Address of principal executive offices including zip code)
(613) 728-8200
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Item 5.
On June 8, 2000, Corel Corporation announced that it is reducing its workforce as a cost reduction measure. This cost reduction is a step towards the company's previously announced intention to reduce costs by approximately $40 million on an annualized basis. See press release attached as Exhibit 1 for further details.
Item 7. Financial Statements, Pro Forma Information and Exhibits
EXHIBITS.
(c) Exhibits
99.1 Press Release issued by Corel Corporation on June 8, 2000.
SIGNATURES
Pursuant to the requirement of the Security Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Date: June 12, 2000
| COREL CORPORATION |
| (Registrant) |
| By: | /s/ John Blaine |
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| John Blaine | |
| Executive Vice President Finance, Chief Financial Officer and Treasurer | |
| (Principal Financial and Accounting Officer) |
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