SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
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PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): JANUARY 14, 1997
STARBASE CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 0-25612 33-0567363
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
18872 MACARTHUR BOULEVARD
IRVINE, CALIFORNIA 92612
(Address of Principal Executive Offices) (Zip Code)
(714) 442-4400
(Registrant's telephone number, including area code)
This Current Report on Form 8-K is filed by StarBase Corporation, a Delaware
corporation (the "Company"), in connection with the matters described herein.
ITEM 5. OTHER EVENTS
On January 14, 1997, StarBase Corporation announced the resignation of
certain directors and officers of the Company effective January 11, 1997: Mr.
Alan M. Davis, President and CEO; Mr. Robert W. Leimena, Chief Financial
Officer; Roger C. Ferguson, Director; Gary Gratny, Director; and Michael Lyons,
Director.
Mr. Donald R. Farrow, the Company's Vice President of Sales and Marketing
has been named President and will assume all responsibilities for the Company's
day-to-day operations. Daniel Ginns, Chairman and CEO of Datametrics
Corporation, has joined the StarBase Board. William R. Stow III will remain as
Chairman of the Board.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
99.1 Press release dated January 14, 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: January 27, 1997 STARBASE CORPORATION
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By: /S/ DONALD R. FARROW
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Donald R. Farrow,
President
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EXHIBIT INDEX
Exhibit
NO. PAGE
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99.1 Press release dated January 14, 1997. 5
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EXHIBIT 99.1
News RE:
Bulletin STARBASE CORPORATION
18872 MacArthur Boulevard Suite 300
Irvine, California 92612
NASDAQ: SBAS
From:
FRB
The Financial Relations Board, Inc.
For further information:
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
William R. Stow III Fiona Ross/Rebecca Bergman
Chairman General Information
(714) 442-4400 11611 San Vicente BL., #700
(310) 442-0599
Donald R. Farrow Renee Law
President Analyst Contact
(714) 442-4400 11611 San Vicente BL., #700
Los Angeles, CA 90049
(310) 442-0599
STARBASE CORPORATION ANNOUNCES MANAGEMENT REALIGNMENT
MARKET FOCUS ON APPLICATION AND WEB SITE DEVELOPMENT SOFTWARE CONTINUES
IRVINE, CA, January 14, 1997 - StarBase Corporation (NASDAQ: SBAS), a
provider of integrated team software configuration management (SCM)
tools, announced today an executive management realignment.
As part of StarBase's executive management realignment, Alan M. Davis,
director, President and Chief Executive Officer and Robert W. Leimena,
Chief Financial Officer have resigned from those positions. Donald R.
Farrow, StarBase's Vice President of Sales and Marketing has been named
President and will assume all responsibilities for the Company's
day-to-day operations. Farrow's background includes positions at
Symantec, where he was Vice President of Sales, and Menlo Corporation
where he held the positions of President and Chief Operating Officer.
William R. Stow III will remain as Chairman of the Board. Mr. Davis and
Mr. Leimena will serve as consultants to the Company.
Additionally, the Company announced that Roger C. Ferguson, Gary Gratny
and Michael Lyons have resigned from the Company's Board of Directors.
Daniel Ginns, Chairman and CEO of Datametrics Corporation in Woodland
Hills, California, has joined StarBase Board.
Mr. Stow said, "Al Davis and Robert Leimena joined StarBase about a
year ago when the Company was making a difficult transition from a
purely development organization to a fully functional technology
company. Al and Robert were responsible for bringing in a new
management team to take the Company to the next level. This has now
occurred. Al and Robert have put in place the infrastructure,
organization and methodologies that allow the Company to focus on
providing our customers with innovative products and outstanding
service. I believe that their efforts have made a significant
difference in moving the Company forward." Mr. Stow added, "Roger, Gary
and Michael have each contributed a great deal of guidance during this
transition period. I am grateful for their efforts on behalf of the
Company."
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"We are pleased to have been able to assist StarBase during this
transitional period," stated Mr. Davis. "Now that this transition is
successfully completed, it is time for the Company to move forward
with this realignment of the management team and Board of Directors."
I am excited by the appointment of Don Farrow as the new President of
StarBase," Mr. Stow said. "As Vice President of Marketing and Sales, he
developed a sound marketing strategy and a strong marketing and sales
organization. In 1996, we established StarBase as a leader in the SCM
market with a number of analyst endorsements, industry awards, and
corporate alliances. We have experienced significant sales growth as a
result of building a multi - channel sales organization which includes
direct sales, distribution, OEM and international. With Don at the
helm, we're looking forward to continued growth from this successful
foundation."
StarBase, with headquarters in Irvine, California, offers a full range
of SCM products designed to fill the needs of application and web site
developers and teams. StarBase offers Integrated Team Environments
(ITE) that focus on larger team issues affecting delivery of
applications and web sites on time and on budget. StarTeam has won
several awards including PC Week Analyst Choice (10/96), PC Week IT
Excellence Award (4/96) and PC Week LABS Top Product of 1995 (12/95).
More information is available by calling (888)-STAR700 or at the
Company's web site: http://www.starbasecorp.com.
StarBase and StarTeam are trademarks of StarBase Corporation
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