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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K405/A
AMENDMENT NO. 1
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE FISCAL YEAR ENDED DECEMBER 31, 1997
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
COMMISSION FILE NUMBER 0-18090
CAERE CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 94-2250509
(State or other jurisdiction of (IRS Employer Identification
incorporation or organization) Number)
100 COOPER COURT 95032
LOS GATOS, CALIFORNIA (Zip Code)
(Address of principal executive
offices)
(408) 395-7000
(Registrant's telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
NONE
Securities registered pursuant to Section 12(g) of the Act:
COMMON STOCK, $0.001 PAR VALUE
PREFERRED SHARE PURCHASE RIGHTS
(TITLE OF CLASS)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes [X] No [ ]
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K is not contained herein, and will not be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [X]
The approximate aggregate market value of the Common Stock held by
non-affiliates of the Registrant, based upon the closing sale price of the
Common Stock reported on the Nasdaq National Market on March 31, 1997 was
approximately $160,136,000.
The number of shares of Common Stock outstanding as of March 1, 1998
was, 13,006,008.
DOCUMENTS INCORPORATED BY REFERENCE
(1) Definitive proxy statement filed with the Securities and Exchange
Commission relating to the Company's 1997 Annual Meeting of Stockholders to be
held May 13, 1998 (Part III of Form 10-K).
(2) Portions of the Annual Report to Stockholders for the fiscal year
ended December 31, 1997 (Parts II and IV of Form 10-K).
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PART IV
ITEM 14 - EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K
(a) 1. Index to Financial Statements
The following documents are incorporated in Part II of this Annual
Report by reference to the 1997 Annual Report to Stockholders:
Annual Report to Stockholders
Consolidated Balance Sheets as of December 31, 1997 and 1996 Page 21
Consolidated Statements of Earnings for each of the years in the Page 22
three-year period ended December 31, 1997
Consolidated Statements of Stockholders' Equity for each of the Page 23
years in the three-year period ended December 31, 1997
Consolidated Statements of Cash Flows for each of the years in Page 24
the three-year period ended December 31, 1997
Notes to the Consolidated Financial Statements Pages 25-32
Independent Auditors' Report Page 32
With the exception of the information expressly incorporated by
reference into Items 5, 6, 7, and 8 of this Annual Report, the 1997 Annual
Report to Stockholders, attached as Exhibit 13.1, is not deemed filed as part of
this report.
2. Financial Statement Schedules
The following financial statement schedule is filed as a part of this
Annual Report and should be read in conjunction with the Financial Statements:
Schedule II - Valuation and Qualifying Accounts
All other schedules are omitted because they are not required, or not
applicable, or because the required information is included in the 1997 Annual
Report to Stockholders, filed as Exhibit 13.1.
3. Exhibits
Exhibit Number Description
2.1 Agreement and Plan of Reorganization dated as of October 14,
1994, between the Company and Calera Recognition Systems, Inc.(5)
3.1 Certificate of Incorporation of the Company.(1) (exhibit 3.4)
3.1(i) Certificate of Amendment filed with the Delaware
Secretary of State October 13, 1994.(6)
3.1(ii) Agreement of Merger between Caere Acquisition Corporation
and Calera Recognition Systems, Inc. as filed with the
California Secretary of State December 20, 1994.(6) (exhibit
3.5)
3.2 Amended Bylaws of the Company.(8) (exhibit 3.4)
4.1 Reference is made to Exhibits 3.1 and 3.2.
*10.1 1981 Incentive Stock Option Plan, as amended, and related form
of incentive stock option agreement.(8)
*10.2 1981 Supplemental Stock Option Plan, as amended, and related
form of supplemental stock option agreement.(8)
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10.3 Lease Agreement for 100 Cooper Court, dated November 27, 1991,
between the Company and Vasona Business Park.(7)
10.4 Lease Agreement for 104 Cooper Court, dated November 27, 1991,
between the Company and Vasona Business Park.(7)
10.5 Form of Indemnity Agreement between the Company and its
officers and directors.(1) (exhibit 10.12)
*10.6 Employee Stock Purchase Plan.(8)
*10.7 1992 Officer Bonus Plan.(4) (exhibit 10.9)
*10.8 1992 Non-Employee Directors' Stock Option Plan.(8)
10.9 Preferred Share Purchase Rights Plan.(3) (exhibit 1)
*10.10 Executive Compensation and Benefits Continuation Agreement,
Robert G. Teresi, dated December 28, 1994.(6)
11.1 Statement regarding computation of net earnings (loss) per
share.(9)
13.1 1997 Annual Report to Stockholders.
21.1 Subsidiaries of the Company.(9)
23.1 Consent of KPMG Peat Marwick LLP.(9)
24.1 Power of Attorney. Reference is made to page 18.(9)
27 Financial Data Schedule.(9)
*Management contract or compensatory plan or arrangement.
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(1) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Registration Statement on Form S-1, as amended (File No.
33-30842).
(2) Incorporated by reference to the corresponding exhibit in the
Company's Form 10-K Annual Report for the fiscal year ended December 31, 1990.
(3) Incorporated by reference to the indicated exhibit in the Company's
Form 8-K Current Report filed on April 18, 1991.
(4) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Form 10-K Annual Report for the fiscal year ended December 31,
1991.
(5) Incorporated by reference to Caere's Registration Statement on Form
S-4 (File No. 33-85840).
(6) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Form 10-K Annual Report for the fiscal year ended December 31,
1994.
(7) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Form 10-K Annual Report for the fiscal year ended December 31,
1995.
(8) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Form 10-K Annual Report for the fiscal year ended December 31,
1996.
(9) Incorporated by reference to the corresponding or indicated exhibit
to the Company's Form 10-K Annual Report for the fiscal year ended December 31,
1997.
(b) Reports on Form 8-K.
None.
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SIGNATURE
Pursuant to the requirements of Section 13 of 15(d) of the Securities Exchange
Act of 1934, the registrant has caused this Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
CAERE CORPORATION
April 2, 1998
/s/ BLANCHE M. SUTTER
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Executive Vice President, Chief Financial
Officer and Secretary
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CAERE CORPORATION
INDEX OF EXHIBITS
Exhibit Number Description
13.1 1997 Annual Report to Stockholders.