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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 02549
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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): May 18, 1998
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PROJECT SOFTWARE & DEVELOPMENT, INC.
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(Exact name of registrant as specified in its charter)
MASSACHUSETTS 0-23852 04-2448516
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(State or other jurisdiction) (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 CROSBY DRIVE, BEDFORD, MASSACHUSETTS 01730
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (781) 280-2000
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ITEM 5. OTHER EVENTS.
On May 18, 1998, Robert L. Daniels was unanimously elected executive
Chairman of the Board of Directors of Project Software & Development, Inc.
("PSDI"). Mr. Daniels replaced David Sample, who resigned as Chairman, Chief
Executive Officer and President of PSDI. In addition, Norman E. Drapeau, Jr. was
elected Chief Executive Officer and President and Paul Birch was elected to the
Board of Directors. PSDI issued a press release announcing these changes on May
18, 1998. A copy of the press release is filed as Exhibit 99 to this report and
is incorporated herein by reference.
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ITEM 7. EXHIBITS.
Number Title
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99 Press Release of Project Software &
Development, Inc. dated May 18, 1998
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SIGNATURE
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.
PROJECT SOFTWARE & DEVELOPMENT, INC.
Dated: June 16, 1998 By: /s/ Paul D. Birch
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Paul D. Birch
Executive Vice-President,
Finance and Administration and
Chief Financial Officer
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EXHIBIT INDEX
Pursuant to Item 601 of Regulation S-K
Number Title
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99 Press Release of Project Software &
Development, Inc. dated May 18, 1998
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Exhibit 99
[GRAPHIC OMITTED]
NEWS
Contact:
Paul D. Birch
EVP, Finance & Administration
FOR IMMEDIATE RELEASE Chief Financial Officer & Treasurer
(781)280-6550
[email protected]
PSDI ANNOUNCES BOARD AND MANAGEMENT CHANGES
BEDFORD, Mass. - May 18, 1998 - PSDI (NASDAQ: PSDI) today announced that Mr.
Robert L. Daniels was unanimously elected executive Chairman of the Board
replacing David Sample who resigned as Chairman, Chief Executive Officer and
President of the Company. In addition, Mr. Norman E. Drapeau, Jr. was elected
Chief Executive Officer and President. Mr. Paul Birch, Executive Vice President
and Chief Financial Officer was elected to the Board of Directors.
PSDI develops, markets and supports applications software used by businesses,
government agencies, and other organizations to assist them in maintaining
high-value capital assets such as plants, facilities and production equipment.
The Company's products are designed to enable customers to reduce downtime,
control maintenance expenses, cut spare parts inventories and costs, improve
purchasing efficiency, and more effectively deploy productive assets, personnel
and other resources.
Based in Bedford, Mass., PSDI markets its products through a direct sales force
fwith sales offices throughout the United States, Canada, Argentina, Australia,
UK, France, Germany, Hong Kong, India, Japan, Thailand, Sweden, Mexico and the
Netherlands, combined with a network of international sales agents.
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