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): June 26, 2001
-----------------------------
PERVASIVE SOFTWARE INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Delaware 0-23043 74-2693793
- --------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
12365 Riata Trace Parkway, Building II, Austin, Texas 78727
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Company's telephone number, including area code: (512) 231-6000
-------------------------------
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report.)
Item 5. Other Events
For the fourth quarter ending June 30, 2001, Pervasive Software expects to
report revenues from continuing operations of $10.7 to $10.9 million, and
profitable operations excluding charges from a reduction in force and other
related items. The company is reducing its total worldwide workforce by
approximately 40 people by the end of June 2001, to further improve
profitability going forward in its core database business and as a precautionary
measure in light of the continued uncertain economic environment. The company
said it remains confident that it will continue to improve profitability from
operations in the coming fiscal year. Actual results from the fourth quarter and
fiscal year ended June 30, 2001, are planned for release as previously scheduled
on July 19, 2001.
In addition, Pervasive announced that its board of directors has approved an
extension to its stock repurchase plan whereby the company may repurchase shares
of its common stock up to a total of $5 million over a period of 365 additional
days through July 21, 2002. Depending on market conditions and other factors,
such purchases may be commenced or suspended at any time without prior notice.
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 hereunto duly authorized.
PERVASIVE SOFTWARE INC.
Date: June 26, 2001 By: /s/ James Offerdahl
----------------------------------------
James Offerdahl
Chief Financial Officer,
Chief Operating Officer and Secretary