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) April 15, 1998
Accent Color Sciences, Inc.
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(Exact name of registrant as specified in its charter)
Connecticut 0-29048 06-1380314
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
800 Connecticut Boulevard, East Hartford, CT 06103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (860) 610-4000
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This is Page 1 of 3 pages. Exhibit Index is on Page 3.
Item 5.
On April 14, 1998, the Board of Directors of Accent
Color Sciences, Inc. (the "Company") elected Charles E.
Buchheit to succeed Norman L. Milliard as President and
Chief Executive Officer of the Company effective May 8,
1998. As of such date, Mr. Milliard will assume the roles
of Vice Chairman and Chief Technology Officer of the
Company. The Company issued a press release entitled
"Charles E. Buchheit Named President and Chief Executive
Officer of Accent Color Sciences," on April 15, 1998, a copy
of which is filed herewith as an exhibit hereto. Mr.
Buchheit will also continue to serve as a member of the
Board of Directors of the Company.
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.
Accent Color Sciences, Inc.
Dated: April 16, 1998 By: /s/ Norman L. Milliard
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Norman L. Milliard
President and Chief
Executive Officer
EXHIBIT INDEX
Exhibit Index Description Page No.
99.1 Press Release issued April 15, 1998 3
CONTACT:
Patrick Pedonti Van Negris / Philip J. Denning
Accent Color Sciences, Inc. Kehoe, White, Savage &
Company, Inc.
(860) 610-4045 (212) 888-1616
FOR IMMEDIATE RELEASE
Charles E. Buchheit Named
President and Chief Executive Officer Of Accent Color
Sciences;
Norman L. Milliard Named Vice Chairman and Chief Technology
Officer
EAST HARTFORD, CT - April 15, 1998 - Accent Color Sciences,
Inc. (Nasdaq: ACLR), a development stage company, today
announced that Charles E. Buchheit, 57, will succeed Norman
L. Milliard as President and Chief Executive Officer,
effective May 8th, following Mr. Milliard's announced
intention to assume the new roles of Vice Chairman and Chief
Technology Officer of the Company. The announcement was made
by Norman L. Milliard, currently President and Chief
Executive Officer. Mr. Buchheit continues as a Director of
the Company.
Norman L. Milliard, current President and Chief Executive
Officer and incoming Vice Chairman and Chief Technology
Officer of Accent Color Sciences, Inc., commented: "I am
delighted to turn over the reins of Accent Color Sciences to
Charles Buchheit, whose appointment as President and Chief
Executive Officer is consistent with the management
requirements associated with the next stage of our strategic
plan." Mr. Milliard continued: "Chuck brings a broad senior
management background in marketing, sales and customer
support. His experiences, accomplishments and leadership
skills in the forms business and printing technology areas,
which are closely related to Accent Color Sciences'
marketplace, mesh well with Accent Color's new challenges
and opportunities. I look forward with enthusiasm to
Chuck's contributions to our Company."
Mr. Buchheit has had an extensive career in commercial and
digital high speed printing and information systems spanning
over 30 years. He most recently served as a Corporate
Officer and Division President at Moore Corporation from
1995 to 1997, where he also served as a member of the Moore
Executive Committee. At Moore, Mr. Buchheit created a new
division, Integrated Customer Solutions, which had the
capability of managing all forms of print at major accounts
and grew to exceed $300 million in annual revenue at a
growth rate in excess of 20%. Prior to joining Moore, Mr.
Buchheit was a Corporate Officer and Vice President at Xerox
Corporation from 1989 to 1995, where he was responsible for
launching the multi-billion dollar Docutech program
worldwide. Prior to 1989, he held several executive
positions at IBM Corporation, including Group Marketing
Executive, Director of Operations and Director of Product
-- m o r e --
Accent Color Sciences, Inc.
April 15, 1998
Page Two
Programs and Practices. At IBM, Mr. Buchheit was
responsible for the worldwide marketing of mainframes,
system software, storage and printing devices. He has
served on the Board of Directors for Infomart and NEPS, a
wholly owned subsidiary of Moore Corporation, and is
currently a member of the Board of Directors for Intercon
Associates, Incorporated.
Charles E. Buchheit, incoming President and Chief Executive
Officer of Accent Color Sciences, Inc., stated: "I am
honored to be joining Accent Color Sciences at this stage in
the Company's development and excited by the opportunities
for high-speed spot color printing systems applications. I
look forward to working with Norman and Accent Color's other
highly talented and energetic professionals in realizing the
potential of the Company."
Mr. Milliard has been involved in the high speed printing
industry for over 20 years with his primary focus on
equipment development. Now that the R&D work has largely
been completed and the new enhanced version of Accent Color
Sciences' TruecolorT System is actively being marketed by
IBM and Groupe SET International, Mr. Milliard will focus
his energies on technology development. Mr. Milliard
stated: "I will continue to be deeply committed to Accent
Color Sciences in my new roles as Vice Chairman and Chief
Technology Officer."
Richard J. Coburn, Chairman of the Board of Directors of
Accent Color Sciences, Inc., stated: "We wish to
acknowledge the exceptional contributions of Norman Milliard
in establishing Accent Color Sciences' core spot color
technology as a mainstream application in the commercial and
digital high speed printing and information systems market.
We have been fortunate to enjoy Norman's services during
the period when the Company's primary focus was on the
development of our TruecolorT Systems and related
technologies. We look forward to his continued
contributions to Accent's product equity as the Company's
Chief Technology Officer."
Accent Color Sciences, Inc. designs, manufactures and sells
innovative, high-speed spot color printing systems -
TruecolorT Systems - for the production printing and
production publishing segments of the printing industry.
TruecolorT Systems, when integrated with high-speed,
digital, black-on-white printers, creates a system that
prints or highlights critical information in multiple colors
for large-volume applications. Such applications include
billing statements, account statements, invoices, legal
notices, brochures, financial reports and short-run, on-
demand publications.
Press releases and other information are available on Accent
Color Sciences' World Wide Web site at
http://www.accentcolor.com.
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