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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
March 3, 2000
Date of Report (date of earliest event reported)
SUMMIT DESIGN, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 000-20923 93-1137888
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
organization)
9305 S.W. GEMINI DRIVE
BEAVERTON, OREGON 97008
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
Registrant's telephone number, including area code: (503) 643-9281
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On March 3, 2000, Summit Design, Inc. issued the press release
attached hereto as Exhibit 99.1, which is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
99.1 Press Release dated March 3, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Summit Design, Inc.
Dated: March 7, 2000 By: /s/ Sean Whiteley-Ross
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Sean Whiteley-Ross
Chief Accounting Officer
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INDEX TO EXHIBITS
Exhibit
Number Description of Document
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99.1 Press Release dated March 3, 2000.
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EXHIBIT 99.1
COMPANY PRESS RELEASE
SUMMIT DESIGN, INC. ANNOUNCES RICH DAVENPORT'S RESIGNATION
BEAVERTON, Ore.--(BUSINESS WIRE)--March 3, 2000
Summit Design, Inc. today announced that Rich Davenport, its President and COO,
resigned his positions with the company at the end of February.
William V. Botts, Summit Design's Chairman of the Board and Chief Executive
Officer, will continue as the company's managing executive pending conclusion of
the planned merger with Viewlogic Systems Inc. Davenport has been retained as a
consultant to Summit undertaking special projects and support to integration of
the merged companies once the merger has been concluded.
Davenport has been active with Summit Design and SimTech, a company he founded
that was acquired by Summit in 1997, for over nine years. He planned to scaled
back his activities as the merger was completed. Today's change was in
contemplation of the proposed combination of Summit with Viewlogic. As has been
previously announced, Viewlogic's CEO will become the combined company's CEO
upon culmination of the merger. Closing of the merger is subject to customary
closing conditions, including approval of Summit's and Viewlogic's shareholders.
The Board of Directors extends its thanks to Davenport for his dedicated efforts
on behalf of Summit Design. He has helped guide the company through a range of
challenges and accomplishments. Much of the credit for Summit's successes during
the last two quarters came as a result of Davenport dedicating his efforts to
the sales and marketing area.
Summit Design, Inc. is a leading international supplier of engineering software
products in the areas of high-level design creation, analysis and verification.
The world's top electronics companies use Summit products to increase
engineering productivity, reduce development time and improve the quality of
their products. Summit is located at 9305 SW Gemini Drive, Beaverton, Ore.
97008; 503/643-9281.
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CONTACT:
Summit Design, Inc.
Art Fletcher, 503/643-9281
