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): November 19, 2007
QAD Inc.
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 0-22823 | | 77-0105228 |
| (State or other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
100 Innovation Place, Santa Barbara, California
| | 93108 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code:(805) 566-6000
| |
Not Applicable
|
| (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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
QAD Inc.’s board of directors approved the appointment of Terry Cunningham to its board of directors as an independent director on November 19, 2007. Terry Cunningham is Chief Executive Officer of Coral8, a provider of Complex Event Processing (CEP) software. Previously, he served as Chief Executive Officer of Infogenesis and President and Chief Operating Officer of Veritas Software Company and Seagate Software. Mr. Cunningham founded Crystal Services, Inc., a leading worldwide reporting tool company which was sold to Seagate Technology.
It has not yet been determined on which committees of the board Mr. Cunningham will serve. Mr. Cunningham will be eligible to participate in QAD’s compensation program for independent directors of the board as previously disclosed in QAD’s Proxy Statement of May 18, 2007.
A copy of the press release announcing Mr. Cunningham’s election is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
d) Exhibits.
| | | |
| | | |
| Exhibit No. | | Description |
| | | |
| 99.1 | | Press Release, dated as of November 20, 2007 |
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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.
QAD Inc.
(Registrant)
| | | |
| Date: November 20, 2007 | | By:/s/ Daniel Lender
Daniel Lender
Chief Financial Officer
(on behalf of the Registrant and as
Principal Financial Officer) |
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Exhibit Index
| | | |
| | | |
| Exhibit No. | | Description |
| | | |
| 99.1 | | Press Release, dated as of November 20, 2007 |
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