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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):
SEPTEMBER 3, 1996
INTUIT INC.
(Exact name of Registrant as specified in its charter)
DELAWARE 0-21180 77-0034661
(State of incorporation) (Commission file no.). (I.R.S. employer
identification no.)
2535 GARCIA AVENUE
MOUNTAIN VIEW, CALIFORNIA 94043
(Address of principal executive offices, including zip code)
(415) 944-6000
(Registrant's telephone number, including area code)
This Report consists of 4 sequentially numbered pages, including Exhibits. The
Exhibit Index appears on sequentially numbered page 4.
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On September 3, 1996, Intuit Inc. (the "Company") completed the
acquisition of GALT Technologies, Inc. ("GALT"), a provider of mutual fund
information through its NETworth Internet site. The acquisition was initially
announced in October 1995. Under the terms of the acquisition, the
stockholders and option holders of GALT received a combination of shares
of the Company's common stock and options to purchase shares of the Company's
common stock valued at approximately $9 million as of the date of the closing.
The transaction will be accounted for as a purchase transaction.
The GALT acquisition is part of the Company's strategy to provide a
wide array of financial information via the Internet through Quicken Financial
Network, the Company's web site.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of GALT Technologies, Inc.
The Company will file the required audited financial statements of
GALT as soon as they are available, and in no event later than November 15,
1996, as permitted by Item 7(a), paragraph 4 of Form 8-K.
(b) Pro Forma Financial Information
The Company will file the required pro forma financial information as
soon as it is available, and in no event later than November 15, 1996, as
permitted by Item 7(b), paragraph 2 of Form 8-K.
(c) Exhibits
2.01 Agreement and Plan of Reorganization dated as of October 24, 1995 by
and between the Company and GALT, as amended by Amendment No. 1 dated
November 3, 1995 and Amendment No. 2 dated January 7, 1996
2.02 Agreement of Merger dated as of September 3, 1996 by and between the
Company, Intuit Merger Sub, Inc. and GALT
2.03 Noncompetition Agreements dated as of October 24, 1995 between the
Company and certain former GALT shareholders
2.04 GALT Affiliates Agreements dated as of October 24, 1995 between the
Company and affiliates of GALT
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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, thereunto duly authorized.
INTUIT INC.
Date: September 18, 1996 /s/ JAMES J. HEEGER
James J. Heeger
Senior Vice President and Chief Financial
Officer
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INTUIT INC.
FORM 8-K - FILED SEPTEMBER 18, 1996
EXHIBIT INDEX
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Page
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Exhibit Number Description
2.01* Agreement and Plan of Reorganization dated as of October 24, 1995 by
and between the Company and GALT, as amended by Amendment No. 1 dated
November 3, 1995 and Amendment No. 2 dated January 7, 1996
2.02* Agreement of Merger dated as of September 3, 1996 by and between the
Company, Intuit Merger Sub, Inc. and GALT
2.03* Noncompetition Agreements dated as of October 24, 1995 between the
Company and certain former GALT shareholders
2.04* GALT Affiliates Agreements dated as of October 24, 1995 between the
Company and affiliates of GALT
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* To be filed by amendment
