UNITED STATES
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): April 11, 1997
AVANT! CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-25864 94-3133226
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(State or other jurisdiction of (Commission (I.R.S Employer
incorporation) File Number) Identification No.)
1208 East Arques Avenue, Sunnyvale, California 94086
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (408) 738-8881
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ITEM 5. Other Events.
On December 5, 1995, the Santa Clara County District Attorney's office executed
a search warrant at the Company's Sunnyvale, California facility to determine
whether there was evidence of criminal conduct in association with allegations
of misappropriation of trade secrets set forth in a lawsuit filed by Cadence
Design Systems, Inc.
On April 11, 1997, a criminal complaint was filed against, among others, the
Company, Gerald C. Hsu, President, Chief Executive Officer and Chairman of the
Board of Directors, Y. Eric Cho, Senior Vice President of Corporate Operations
and a member of the Board of Directors, Y. Z. Liao, Vice President, and three
other employees of the Company for allegedly violating various California Penal
Code Sections relating to the theft of trade secrets. The Company and the
individuals above have pleaded not guilty and are awaiting further proceedings.
This criminal complaint could result in a loss of such individuals and could
have other material adverse effects on the Company.
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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 hereunto duly authorized.
AVANT! CORPORATION.
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(Registrant)
Date: April 18, 1997 /s/ JOHN P. HUYETT
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John P. Huyett, Chief Financial Officer
and Treasurer
