Conformed Copy
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 1, 1997
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Date of Report (Date of earliest event reported)
NEW PARADIGM SOFTWARE CORP.
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(Exact name of registrant as specified in its charter)
New York 0-26336 13-3725764
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
733 Third Avenue, New York, New York 10017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212)-557-0933
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PAGE 1 OF 5 SEQUENTIALLY NUMBERED PAGES
EXHIBIT INDEX ON SEQUENTIALLY NUMBERED PAGE 3
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
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Registrant has moved its principal executive offices to 733 Third Avenue,
New York, NY 10017 as of January 1, 1997.
Registrant's press release dated January 7, 1997 is filed herewith as
exhibit 20 and is incorporated herein by reference.
Item 6 Resignations of Registrant's Directors
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On January 1, 1997, Mr. Jeff Kahn, a Director of the Registrant (the
"Company") resigned as a Director of the Company. The Company accepted
his resignation. Mr. Kahn did not have any disagreement with the Company
on any matter relating to its operations, policies, or practices. Annexed
hereto and marked exhibit 17 is a copy of Mr. Kahn's letter of resignation.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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17. Resignation letter of Jeff Kahn dated December 30,
1996
20. Press release of Registrant dated January 7, 1997.
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this Current Report to be signed
on its behalf by the undersigned thereunto duly authorized.
NEW PARADIGM SOFTWARE CORP.
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(Registrant)
By /s/ John Brann
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John Brann
VP Technology
and Secretary
Date: January 7, 1997
EXHIBIT INDEX
Sequentially
Exhibit Numbered Page
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17. Resignation letter of Jeff Kahn dated 4
December 30, 1996
20. Press release of Registrant dated 5
January 7, 1997
December 30, 1996
Board of Directors
New Paradigm Software Corp.
733 Third Avenue
7th Floor
New York, NY 10017
Dear Sirs:
I hereby resign my position as a Director of the New Paradigm Software
Corp. as of January 1, 1997.
Yours Truly,
/s/ Jeffrey Kahn
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Jeffrey Kahn
cc: D. Gordon
A. Mitchell
NEW PARADIGM RESTRUCTURES COMPANY.
NEW YORK, JANUARY 7, 1997 - Following the signing of a distribution
agreement with IBM (press release dated December 17, 1996) New Paradigm
Software Corporation (NASDAQ: NPSC) announced a restructuring of the
Company in line with its new strategy of focusing on third party
distributors rather than on direct sales. As part of this restructuring
the Company has reduced its staff from 28 employees to 19.
