CONTINUUM CO INC
S-8 POS, 1996-08-02
PREPACKAGED SOFTWARE
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                                                       Registration No. 33-61733
                                                  Post-Effective Amendment No. 1



                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                       POST-EFFECTIVE AMENDMENT NO. 1 TO
                                    FORM S-8

                             REGISTRATION STATEMENT
                                   UNDER THE
                             SECURITIES ACT OF 1933

                          THE CONTINUUM COMPANY, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



         DELAWARE                            74-1609363
(STATE OR OTHER JURISDICTION OF              (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION)               IDENTIFICATION NO.)

      9500 ARBORETUM BOULEVARD               78759-6399
      AUSTIN, TEXAS                          (ZIP CODE)
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)


                       1995 DIRECTORS' STOCK OPTION PLAN
                            (FULL TITLE OF THE PLAN)

                             JOHN L. WESTERMANN III
                    VICE PRESIDENT, CHIEF FINANCIAL OFFICER
                          THE CONTINUUM COMPANY, INC.
                            9500 ARBORETUM BOULEVARD
                            AUSTIN, TEXAS 78759-6399
                                 (512) 345-5700
(NAME, ADDRESS, AND TELEPHONE NUMBER, INCLUDING AREA CODE, OF AGENT FOR SERVICE)

                                    COPY TO:
                                 JACK DENNISON
                        VICE PRESIDENT, GENERAL COUNSEL
                          THE CONTINUUM COMPANY, INC.
                            9500 ARBORETUM BOULEVARD
                            AUSTIN, TEXAS 78759-6399


This  Post-Effective  Amendment is being filed for the purpose of removing  from
registration  all remaining  shares of registrant's  Common Stock which were not
sold pursuant to  Registration  Statement No.  33-61733 on or prior to August 1,
1996, when all options  outstanding  under the 1995 Directors' Stock Option Plan
were assumed by Computer Sciences Corporation.



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                                    PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT


ITEM 8.  EXHIBITS


    25.1  Powers of Attorney




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                                   SIGNATURES


Pursuant to the  requirements  of the  Securities  Act of 1933,  the  Registrant
certifies  that it has  reasonable  grounds to believe  that it meets all of the
requirements  for  filing  on Form S-8 and has  duly  caused  this  Registration
Statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized, in Austin, Texas on this 31st day of July, 1996.

                                        THE CONTINUUM COMPANY, INC.

                                        By:   JOHN L. WESTERMANN III
                                              Vice President and Treasurer

Pursuant to the  requirements of the Securities Act of 1933,  this  Registration
Statement has been signed by the following  persons in the capacities  indicated
on July 31, 1996.

       SIGNATURE                                  TITLE

       *RONALD C. CARROLL                         Chairman of the Board of
                                                  Directors

       *LOWELL C. ANDERSON                        Director

       *THOMAS G. BROWN                           Director

       *W. MICHAEL LONG                           President, Chief Executive
                                                  Officer and Director

       *THOMAS A. MCDONNELL                       Director

       *CARL S. QUINN                             Director

       *EDWARD C. STANTON, III                    Director
      
       JOHN L. WESTERMANN III                     Vice President and Treasurer
                                                  (Principal Financial Officer)

       LOU ANNE GILMORE                           Vice President and Controller
                                                  (Principal Accounting Officer)


       *BY  JOHN L. WESTERMANN III
            Attorney-in-Fact



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                               INDEX TO EXHIBITS


EXHIBIT                                                                     PAGE


25.1     Powers of Attorney from Officers and Directors
         of the Company                                                       5





                                       4
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                                                                    Exhibit 25.1


                               POWER OF ATTORNEY



         KNOW ALL MEN BY THESE PRESENTS,  that the  undersigned  constitutes and
appoints John L. Westermann III as true and lawful  attorney-in-fact  and agent,
with full power of  substitution  and  resubstitution,  for him and in his name,
place and stead, in any and all capacities to sign the post-effective amendments
to the Registration  Statements on Forms S-8 (the  "Registration  Statement") of
The Continuum  Company,  Inc. (the "Company") to be filed in connection with the
removal from  registration  of all shares of common  stock of the  Company,  par
value $.10,  previously  registered under Forms S-8 remaining unissued under the
Plans,  and to file the same,  with all exhibits  thereto and other documents in
connection therewith, with the U.S. Securities and Exchange Commission, granting
unto said  attorney-in-fact and agent full power and authority to do and perform
each and every act and thing requisite and necessary to be done in and about the
premises, as fully as to intents and purposes as he might or could do in person,
hereby  ratifying and  confirming all that said  attorney-in-fact  and agent may
lawfully do or cause to be done by virtue  hereof.  For  purposes of this Power,
the Plans shall include the following:  W. Michael Long Stock Option  Agreement,
1983  Incentive  Stock Option  Plan,  1992 Stock  Option  Plan,  Employee  Stock
Purchase Plan, 1994 Incentive Stock Plan, 1994 Directors Stock Option Plan, 1995
Directors' Stock Option Plan, Hogan Systems, Inc. 1982 Nonstatutory Stock Option
Plan, Hogan Systems,  Inc. 1982 Incentive Stock Option Plan, Hogan Systems, Inc.
1984  Nonstatutory  Stock Option Plan, Hogan Systems,  Inc. 1984 Incentive Stock
Option Plan, Hogan Systems,  Inc. 1985 Nonstatutory Stock Option Plan, and Hogan
Systems, Inc. 1985 Incentive Stock Option Plan.





       JULY 19, 1996
           (Date)




        (Signature)




       (Printed Name)




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