SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): NOVEMBER 26, 1996
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ASTEA INTERNATIONAL INC.
(Exact name of Registrant as specified in charter)
DELAWARE 0-26330 23-2119058
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(State or other jurisdiction) (Commission file number) (IRS employer
of incorporation) identification no.)
455 BUSINESS CENTER DRIVE, HORSHAM, PA 19044
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(Address of principal executive offices) (Zip Code)
(215) 682-2500
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(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
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Astea International Inc. ("Astea") has agreed with Per Edstrom, Orjan
Grinndal, and Henrik Lindberg (the "Sellers") to amend certain terms of the
Share Purchase Agreement, the Registration Rights Agreement, and the Escrow
Agreement among Astea and the Sellers, each dated June 20, 1996 (collectively,
the "Agreements"). Astea and the Sellers had executed the Agreements in
connection with Astea's purchase of all of the outstanding shares of Abalon AB,
a Swedish company, from the Sellers on June 20, 1996 (the "Purchase"). Astea
reported the Purchase and the pro forma financial statements relating to the
Purchase by means of a Current Report on Form 8-K dated July 12, 1996 and an
amended Current Report on Form 8-K/A dated September 11, 1996.
The agreement effecting the foregoing amendments, dated November 26, 1996
(the "Amendment Agreement"), accelerates Astea's obligation to register for
resale the shares of Astea's common stock issued to the Sellers in connection
with the Purchase (the "Sellers' Shares"), waives certain contractual
restrictions against transfer of the Sellers' Shares, imposes certain other
contractual restrictions regarding the disposition of the Sellers' Shares and
provides for certain additional consideration to the Sellers and Astea in
connection with the Amendment Agreement. The foregoing description of the
Amendment Agreement is qualified in its entirety by reference to the full text
of the Amendment Agreement, which is attached as an exhibit to this Current
Report on Form 8-K and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(c) Exhibit
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7.01 Amendment Agreement, dated November 26, 1996, among Astea
International Inc., Per Edstrom, Orjan Grinndal, and
Henrik Lindberg.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be filed on its behalf by the
undersigned thereunto duly authorized
ASTEA INTERNATIONAL INC.
Dated: November 26, 1996 By:/s/ Caesar J. Belbel
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Vice President, General Counsel
and Secretary