<PAGE> 1
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): November 25, 1996
TIMELINE, INC.
(Exact name of Registrant as specified in its charter)
<TABLE>
<S> <C> <C>
WASHINGTON 1-13524 91-1590734
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
</TABLE>
3055 112TH AVENUE N.E., STE. 106
BELLEVUE, WA 98004
(Address of principal executive offices)
(206) 822-3140
(Registrant's telephone number)
<PAGE> 2
ITEM 5. OTHER EVENTS.
The Registrant issued the following press release on November 25, 1996:
BELLEVUE, Wash.--(PR NEWSWIRE) -- November 25, 1996--Timeline Inc.,
(NASDAQ: TMLN) today announced Charles R. Osenbaugh has been named president and
chief executive officer. Osenbaugh, Timeline's chief financial officer, replaces
John W. Calahan who has been named chief technology officer. Calahan remains on
the board of directors.
"John is an integral part of this company. His first love has always
been the technology, and he wants to focus his efforts on marketing and setting
product direction," Osenbaugh said.
"I am very proud of what we've created at Timeline. I will focus on
making our technology a standard on which our partners can build vertical
applications. I will be actively presenting our technology to the financial
community, third party vendors and other software developers," Calahan said.
"Our technology is such that many third party vendors can use it as a
platform to create vertical reporting packages that reflect their own distinct
advantages. Allowing third party vendors to build on and market our technology
as their own ensures Timeline's products will get the broadest distribution,"
Osenbaugh concluded.
Timeline develops, markets and supports Microsoft Windows-based
financial management reporting software. MV Analyst for Microsoft Excel was
developed for Windows '95 and Windows NT. Timeline can be reached at
800-342-3365 or on the World Wide web at http://www.timeline.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995: Statements in this news release looking forward in time involve
risks and uncertainties, including the effects of changing economic conditions,
corporate spending patterns, marketing alliances, trends in the software market,
product demand, market acceptance of Timeline's products, product introduction
delays, regulatory changes, revenue recognition procedures for domestic software
companies, currency fluctuations, recruiting and retaining skilled employees,
and other risk factors detailed in the Company's Securities and Exchange
Commission filings.
Timeline is a registered trademark of Timeline, Inc. Microsoft, Windows and
Windows NT are registered trademarks of Microsoft Corporation.
2
<PAGE> 3
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.
Timeline, Inc.
(Registrant)
Date: December 3, 1996 By: /s/ Charles R. Osenbaugh
------------------------
Charles R. Osenbaugh
President/Chief Executive Officer
3
