<PAGE>
==================================
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)
July 29, 1997
ON Technology Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-26376 04-3162846
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Cambridge Center, Cambridge, MA 02142
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 374-1400
------------------------
Not Applicable
- --------------------------------------------------------------------------------
(Former name or address, if changed since last report)
<PAGE>
ON TECHNOLOGY CORPORATION
===============================
Item 5. Other Events
========== ===================
(a) Attached hereto is a copy of the Registrant's press
release relating to the Registrant's reorganization
and restructuring of its operations.
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.
ON TECHNOLOGY CORPORATION
By: /s/ Christopher A. Risley
-------------------------------------
Christopher A. Risley
President and Chief Executive Officer
Dated: August 5, 1997
<PAGE>
EXHIBIT INDEX
====================
(a) Copy of the Registrant's press release relating to the Registrant's
reorganization and restructuring of its operations.
<PAGE>
CAMBRIDGE, Mass., July 29 /PRNewswire/ -- ON Technology Corporation
(NASDAQ:ONTC) announced today that it is realigning its corporate strategy and
organization to focus on the growth of its new enterprise client management
software business.
The key product in ON's new strategy is ON Command Comprehensive Client
Manager (CCM). CCM lowers total cost of ownership on medium and large PC
networks by giving administrators centralized control of the desktop operating
systems, application software and desktop configuration. In Germany the product
is in use on networks ranging from 60 to 60,000 users, including installations
at Deutsche Telekom, BASF and Munich Reinsurance.
To lead this new strategy ON has hired Herman DeLatte, formerly chief
operating officer of Micrografx, to become president and chief executive officer
effective Sept. 1. DeLatte, 42, brings with him experience from Micrografx,
Ashton Tate and Control Data. He will replace Christopher Risley, who will
continue on the board. In addition, the board elected William C. Hulley as its
chairman. Hulley has served on the ON board since 1994 and is a founding partner
of Adams Capital Management. "The client management market requires a very
different business model from ON's traditional model," Risley said. "Mr. DeLatte
and Mr. Hulley bring us significant expertise in the enterprise software arena."
To provide resources for the Client Management effort, ON is exiting the
anti-virus business and is focusing on better serving existing customers in its
groupware, network management and security businesses. ON will de-emphasize
investment in new customer acquisition for those businesses while it increases
emphasis on acquiring new customers for Comprehensive Client Manager.
"Reducing investment in trial development will allow us to focus our
development and support efforts on the needs of existing customers, "Risley
said. "In the next few months you'll see new releases of all our major products
with features specifically for established customers." Along with the de-
emphasis, ON is laying off approximately 100 employees and expects to take
nonrecurring restructuring and inventory charges of $6.5-$7.5 million pre-tax in
the third quarter. John Rizzi, vice president, worldwide sales, will leave the
company and divide his remaining responsibilities across other sales executives.
SOURCE ON Technology Corporation
-0- 7/29/97
/CONTACT: John M. Bogdan, Chief Financial Officer of ON Technology,
617-692-3160/
