SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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 5, 1998
Citrix Systems, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-27084 75-2275152
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
6400 N.W. 6th Way
Fort Lauderdale, Florida 33309
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(Address of Principal Executive (Zip Code)
Offices)
Registrant's telephone number, including area code: (954) 267-3000
Item 5. Other Events.
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Acquisition of Assets
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On February 5, 1998, Citrix Systems, Inc. (the "Company") and its wholly-
owned subsidiary Citrix Systems UK Limited ("Citrix UK"), completed its
acquisition of certain software technologies and assets of Insignia
Solutions, plc ("Insignia"), including Macintosh and UNIX ICA(R)-based
clients, X.11 driver technology, Keoke technology, and all modifications
and technology enhancements to WinFrame(R) thin-client/server software
marketed under Insignia's NTRIGUE brand name, and agreed to employ certain
members of Insignia's development team, who have joined the Company at its
new research and development center in High Wycombe, England.
The aggregate purchase price for the transaction was approximately U.S.
$17.5 million and the acquisition will be accounted for by the Company
as a purchase. A substantial portion of the purchase price is expected to
be allocated by the Company to purchased in-process research and
development for which the Company expects to incur a one-time charge to its
operations, amounting to approximately U.S. $16 million, in the quarter
ending March 31, 1998.
Forward-looking statements in this Form 8-K report are made pursuant to the
safe harbor provisions of Section 21E of the Securities Exchange Act of
1934. Investors are cautioned that statements in this report which are not
strictly historical statements, including, without limitation, statements
regarding current or future financial performance, management's plans and
objectives for future operations, product plans and performance,
management's assessment of market factors, as well as statements regarding
the strategy and plans of the Company and its strategic partners,
constitute forward-looking statements which involve risks and
uncertainties, including, without limitation, the successful and timely
development, integration and introduction of the former Insignia technology
into the Company's existing or future products, market acceptance of the
Company's new or enhanced products; and the impact of competitive products
and pricing, in addition to risks associated with the Company's reliance
upon its strategic relationships with Microsoft and other strategic
partners, dependence upon broad-based acceptance of the Company's ICA
protocol, management of growth, the possibility of undetected software
errors, and dependence on proprietary technology.
Stock Split
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The Registrant effected a three-for-two stock split in the form of a one-
for-two stock dividend on February 20, 1998, which stock split was paid in
the form of a dividend to stockholders of record of the Registrant as of
February 12, 1998.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
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(c) Exhibits.
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Exhibit No. Description
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99 Press release of the Company dated January 12, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned authorized officer.
CITRIX SYSTEMS, INC.
February 20, 1998
*By: /s/ James J. Felcyn, Jr.
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James J. Felcyn, Jr.
Vice President - Finance and
Administration, Chief Financial
Officer
EXHIBIT INDEX
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Page Number in
Sequentially
Exhibit No. Description Numbered Copy
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99 Press release of the Company dated January 12, 1998