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): February 13, 2007
ECLIPSYS CORPORATION |
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(Exact Name of Registrant as Specified in Charter) |
Delaware | | 000-24539 | | 65-0632092 |
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(State or Other Jurisdiction
of Incorporation | | (Commission
File Number) | | (IRS Employer
Identification No.) |
1750 Clint Moore Road
Boca Raton, Florida | | 33487 |
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(Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (561) 322-4321
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(Former Name or Former Address, if Changed Since Last Report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.02. Results of Operations and Financial Condition
On February 13, 2007, Eclipsys Corporation (the “Company”) announced its financial results for the quarter and year ended December 31, 2006. The full text of the press release issued in connection with the announcement is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 2.05. Costs Associated With Exit or Disposal Activities
On February 13, 2007, the Company announced that in the fourth-quarter 2006 the Company eliminated excess office space by closing regional administrative offices and consolidating into smaller spaces in two development and support locations. In addition, the Company terminated the employment of certain management-level personnel in connection with elimination of certain positions and refinement of the Company’s management structure. As a result of these actions, fourth quarter results include a charge of approximately $6.1 million, consisting of approximately $2.5 million resulting from the excess office space consolidation, and approximately $3.6 million in severance costs.
Item 9.01. Financial Statements and Exhibits
| (d) | Exhibits |
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| | The following exhibit relating to Item 2.02 shall be deemed to be furnished, and not filed: |
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| 99.1 | Press Release entitled “Eclipsys Releases Financial Results for the Quarter and Year Ended December 31, 2006,” issued by the Company on February 13, 2007. |
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 hereunto duly authorized.
| ECLIPSYS CORPORATION |
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Date: February 13, 2007 | By: | /s/ Robert J. Colletti |
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| | Robert J. Colletti |
| | Senior Vice President and |
| | Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. | | Description |
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99.1 | | Press release entitled “Eclipsys Releases Financial Results for the Quarter and Year Ended December 31, 2006,” issued by the Company on February 13, 2007. |
