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) January 6, 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
the Registrant's seeking shareholder approval to sell certain assets.
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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/ Herman DeLatte
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Herman DeLatte
President and Chief Executive Officer
Dated: January 18, 2000
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Exhibit Index
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99.1 Copy of the Registrant's press release relating to the
Registrant's seeking shareholder approval to sell certain assets.
WALTHAM, Mass.--(BUSINESS WIRE)--Jan. 6, 2000--ON Technology Corporation
(NASDAQ:ONTC) today announced that it would seek shareholder approval, on or
before the Annual Meeting in April, to sell its Meeting Maker product line to
Meeting Maker, Inc., a company led by Michael Benninga.
For the nine months ended September, 1999, the ON Command CCM software business
posted a 136% increase over the same period of the previous year. "We are
increasing the focus of our resources on the opportunities represented by the
growth of our CCM business," state Herman DeLatte, ON's CEO. "These
opportunities were underscored in the Wall Street Journal on Monday, where 84%
of respondents polled reported that Y2K work curtailed software management
initiatives."
Pending shareholder approval, Meeting Maker, Inc. will manage the product line
under a Management Agreement with ON Technology. Shareholder approval is
expected in the Spring of 2000.
Terms of the sale were not announced. ON expects to post a gain on the sale of
these assets.
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.
