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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
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Date of Report (Date of earliest event reported): April 27, 1999
MANUGISTICS GROUP, INC.
(Exact name of issuer as specified in its charter)
Delaware 0-22154 52-1469385
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification Number)
2115 East Jefferson Street
Rockville, Maryland 20852
(Address of principal executive offices and zip code)
(301) 984-5000
(Registrant's telephone number, including area code)
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Item 5. Other Events.
On April 28, 1999, Manugistics Group, Inc. (the "Company") issued a
press release announcing that Gregory J. Owens, former Global Managing Partner
of the Andersen Consulting Supply Chain Management Practice, has become the
Company's new Chief Executive Officer and President, and that he will become a
member of the Company's Board of Directors.
A copy of the press release appears as Exhibit 99 to this Report and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
The following is filed as an Exhibit to this Report:
Exhibit Number Description
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99 Press Release dated April 28, 1999.
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SIGNATURE
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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, in the City of Rockville, State of
Maryland, on the 28th day of April, 1999.
MANUGISTICS GROUP, INC.
/s/ Peter Q. Repetti
By:_________________________
Peter Q. Repetti
Senior Vice President and
Chief Financial Officer
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EXHIBIT INDEX
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Exhibit Number Description
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99 Press Release dated April 28, 1999.
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Contacts: Nate Wallace Joshua Zecher
Manager, Investor Relations FitzGerald Communications
301-984-5059 202-530-5278
Sarah Mahoney
Manager, Corporate Communications
301-984-5350
For Immediate Release
MANUGISTICS NAMES
GREGORY J. OWENS AS NEW CEO
Global Managing Partner for Andersen Consulting Supply Chain Practice to
Lead Manugistics
Rockville, MD, April 28, 1999 -- Manugistics Group, Inc. (Nasdaq: MANU), today
announced that Gregory J. Owens, former Global Managing Partner of the Andersen
Consulting Supply Chain Management Practice, has become Manugistics' new chief
executive officer and president. Mr. Owens will also be a member of
Manugistics' Board of Directors.
William M. Gibson, Manugistics' former CEO and president, will continue as
chairman of Manugistics.
"I look forward to working with Manugistics and helping to propel the company to
be the leading software provider of supply chain solutions," said Owens. "The
market for supply chain management solutions is growing rapidly as supply chain
planning is recognized as a key competitive differentiator. In working with
Manugistics as a strategic partner, I have developed strong confidence in
Manugistics as a company, a deep appreciation in the domain expertise of its
people and a belief in Manugistics' solutions. I feel strongly that Manugistics
can
(more)
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MANUGISTICS NAMES NEW CEO PAGE 2 OF 4
play the leading role in supply chain innovation as we continue to provide
significant value for our customers. I am confident that with this strong
foundation, and additional leadership, we can put Manugistics' past challenges
behind us and establish the company as the leader in the supply chain management
software market."
"I have worked with Greg Owens for a number of years in his position as the head
of the world's largest supply chain consulting practice," said Gibson. "I admire
Greg's leadership, his understanding of supply chain management, and his
demonstrated ability to drive results. I am confident that Manugistics will
prosper under his leadership."
Owens, 39, is the former Global Managing Partner for the Andersen Consulting
Supply Chain Management Practice, which with revenues in excess of $1.4 billion
represents the world's largest supply chain consulting practice. He joined
Andersen Consulting in 1990 and became a partner in 1993. Owens had global
profit and loss responsibility for the rapidly growing supply chain consulting
practice that has shown growth in recent periods in excess of 40% a year. Owens
brings with him extensive supply chain expertise through work with a diverse
roster of Fortune 500 clients.
Prior to joining Andersen Consulting, Owens worked for Garr Consulting
specializing in distribution, transportation, and warehousing consulting. He
was promoted to the role of Executive Vice President at the age of 29. Owens
graduated from the Georgia Institute of Technology in 1982, where he earned a
B.S. in Industrial Management.
(more)
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MANUGISTICS NAMES NEW CEO PAGE 3 OF 4
FORWARD-LOOKING STATEMENTS
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This press release contains forward-looking statements that are subject to risks
and uncertainties, and there are important factors that could cause actual
results to differ materially from those anticipated by such statements. (Certain
of such statements may be identified by use of words such as "anticipate,"
"believe," "establish," "estimate," "intend," "expect," or "future.") Most
importantly, there are a number of important factors that could affect the
Company's performance. Demand for the Company's supply chain management software
products and the Company's quarterly operating results could be affected by
business conditions or the general economy in domestic and international
markets, the timely availability and acceptance of the Company's products,
technological change, the timing and results of the Company's longer-term
initiatives, the response of prospective customers to announced or commercially
available products or pricing, competitors' announcements and other marketing
activities, acquisitions or marketing relationships, the length of the Company's
sales cycles, or the Company's ability to integrate acquired operations and
technologies rapidly and effectively. The Company's expense levels are based
largely on its expectations of future revenues, and if revenues were to be below
expectations, the Company's operating results would be affected. The timing of
releases of the Company's software products can be affected by client needs,
marketplace demands, technological advances, and competitors' activities. The
expansion of the Company's operations into foreign markets, including the
Asia/Pacific and South America regions, might be affected by general economic
conditions in foreign countries, difficulties in staffing and managing
international operations, changes in foreign currency exchange rates, and
political and economic instability. For further information, please refer to the
Company's Form 10-K for the year ended February 28, 1998, and other reports and
documents subsequently filed with the Securities and Exchange Commission which
are publicly available, copies of which may also be obtained by contacting the
Company's Investor Relations department at 301-984-5409. The Company assumes no
obligation to update the information contained in this press release.
(more)
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MANUGISTICS NAMES NEW CEO PAGE 4 OF 4
ABOUT MANUGISTICS
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Headquartered in Rockville, Md., Manugistics Group, Inc. is a leading provider
of solutions for customer-centric supply chain optimization and has the largest
global client base of any supply chain provider. The company's solutions are
used by more than 850 companies to improve the flow of product within and among
companies from raw materials or parts through manufacturing to delivery of
product to the end customer. Manugistics' solutions uniquely allow its clients
to create and optimize their supply chains around their customers and are quick
to implement, adapt easily to change, and deliver rapid results. Its clients
include leading companies such as Compaq, DuPont, Harley-Davidson, Nestle, and
Wal-Mart.
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Manugistics, the Manugistics logo, and working as one are registered trademarks
of Manugistics, Inc. All other product or company names mentioned are used for
identification purposes only, and may be trademarks of their respective owners.
Additional information about Manugistics can be found at the company's site on
the World Wide Web, at http://www.manugistics.com.
