SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) February 3, 2000
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ON Technology Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-26376 04-3162846
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
880 Winter Street Waltham, MA 02451
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (781) 487-3300
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One Cambridge Center, Cambridge, MA 02142
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(Former name or former address, if changed since last report.)
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ON TECHNOLOGY CORPORATION
Item 5. Other events
Attached hereto is a copy of the Registrant's press release relating to
Robert L. Doretti as being named president and chief executive officer,
succeeding Herman DeLatte who will continue to serve on the Company's board of
directors. The company also announced that Doretti will be replacing Christopher
A. Risley as a member of its board of directors.
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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.
ON Technology Corporation
By: /s/ Stephen J. Wietrecki
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Stephen J. Wietrecki
Chief Financial Officer
Dated: February 3, 2000
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Exhibit Index
Copy of the Registrant's press release relating to Robert L. Doretti as being
named president and chief executive officer, succeeding Herman DeLatte who will
continue to serve on the Company's board of directors. The company also
announced that Doretti will be replacing Christopher A. Risley as a member of
its board of directors.
Press Release
WALTHAM, MA, FEBRUARY 1, 2000 -- ON Technology Corporation (NASDAQ: ONTC) today
announced that Robert L. Doretti has been named president and chief executive
officer, succeeding Herman DeLatte who will continue to serve on the company's
board of directors. The company also announced that Doretti will be replacing
Christopher A. Risley as a member of its board of directors.
"Bob's extensive industry experience makes him a perfect fit for ON Technology,"
said Herman DeLatte. "With our recently-announced record revenues, growth in
shareholder value over the past year and return to profitability, I've
accomplished what I set out to do when I joined the company two and a half years
ago to create a successful worldwide enterprise software business."
Doretti brings nearly 30 years of high-technology experience to his new role. As
senior vice-president at Wang Laboratories, he grew the U.S. business from $100
million to over $1.8 billion in five years. He also designed and built the
company's U.S. sales & marketing operations and was selected as one of the
industry's top 30 executives by Fortune magazine. He recently led a successful
turnaround at Thinking Machines Corporation, a leading-edge high-tech company
and MIT spin-off that was re-positioned for market expansion and eventually
acquired by Oracle Corporation. Doretti was also executive vice-president for
sales & marketing at Dataproducts Corporation.
"I'm excited by the challenge of creating new growth opportunities at ON
Technology," said Doretti. "We have best-of-breed technology and tremendous
potential in current enterprise markets, as well as in new high-growth areas
such as managing and delivering software over the Internet. I'm looking forward
to working with the company's employees to extend our technology into new
business arenas while developing new alliances and channels to provide greater
breadth to our sales and marketing programs."
"We would like to thank Chris Risley for his long tenure as an executive and
director of ON Technology," said William C. Hulley, chairman of the board, ON
Technology. "I'm happy that Herman will continue to be involved with the company
as a director while Bob takes the company to the next level."
The statements in this news release that relate to future plans, events or
performance are forward-looking statements that involve risks and uncertainties,
including risks associated with uncertainties pertaining to customer orders,
demand for products and services, development of markets for the Company's
products and services and other risks identified in the Company's SEC filings.
Actual results, events and performance may differ materially. Readers are
cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date hereof. The Company undertakes no obligation to
release publicly the result of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date hereof or to
reflect the occurrence of unanticipated events.
