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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 21, 1996
EXPERT SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
33-89758 65-0359860
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(Commission File Number) (I.R.S. Employer Identification No.)
800 Douglas Road, Suite 750, Coral Gables, Florida 33134
(Address of principal executive offices)
Registrant's telephone number, including area code: (305) 567-9990
Not applicable
(Former name or former address, if changed since last report.)
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ITEM 5. -- OTHER EVENT
On October 21, 1996, Expert Software, Inc. reported that it had settled
litigation with David H. Goodman, the former Chairman and Chief Executive
Officer of SWFTE International, Inc., wholly-owned subsidiary of Expert, and
others. The original dispute involved the contingent purchase price to a
certain Agreement and Plan of Merger among Expert, ES I Acquisition Corp.,
SWFTE and the Stockholders of SWFTE, dated as of October 16, 1995. The suit, as
well as counterclaims filed by Expert, were settled in the Court of Chancery,
New Castle County, Delaware. The results for the third quarter, ended September
1996, will include expenses of $1.9 million for the settlement, as well as legal
and associated costs.
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SIGNATURES
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.
EXPERT SOFTWARE, INC.
Dated: October 23, 1996 By: /s/ Charles H. Murphy
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Charles H. Murphy
Chief Financial Officer
