SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): December 1, 1999
Eagle Point Software Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-26170 42-1204819
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(State or Other Jurisdiction (Commission File (IRS Employer
of Incorporation Number) Identification No.)
4131 Westmark Drive, Dubuque, Iowa 52002-2627
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (319) 556-8392
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(Not Applicable)
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events
On December 1, 1999, Eagle Point Software Corporation, a Delaware
corporation ("Eagle Point"), announced that it had acquired substantially all of
the assets of Surveyors Module International, LLC, a Tennessee limited liability
company ("SMI"), for approximately $2,000,000 in cash. In addition, during each
of the next two years, SMI will be entitled to receive 70% of the gross profits
attributable to the acquired business, after making specified adjustments, for
adjusted annual gross profits of between $1,650,000 and $2,500,000 and 80% of
adjusted annual gross profits above $2,500,000.
Copies of the Asset Purchase Agreement and the related press release
issued by Eagle Point are filed as exhibits hereto, and each is hereby
incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits:
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2 Asset Purchase Agreement dated as of December 1, 1999 among Eagle
Point, SMI, R. Stanley Trent, R. Stanley Trent, as sole Trustee of
James, a Trust, created by a Contract and Indenture of Trust dated
July 6, 1995, and Charles A. Peterson, as sole Trustee of Farrow, a
Trust, created by a Contract and Indenture of Trust dated July 6, 1995
20 Press release issued by Eagle Point on December 1, 1999
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SIGNATURES
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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.
EAGLE POINT SOFTWARE CORPORATION
By: /s/ Dennis J. George
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Name: Dennis J. George
Title: Vice-President, Chief Financial Officer,
Treasurer and Secretary
Dated: December 13, 1999
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EXHIBIT INDEX
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Exhibit No. Description
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2 Asset Purchase Agreement dated as of December 1, 1999 among Eagle
Point, SMI, R. Stanley Trent, R. Stanley Trent, as sole Trustee of
James, a Trust, created by a Contract and Indenture of Trust dated
July 6, 1995, and Charles A. Peterson, as sole Trustee of Farrow, a
Trust, created by a Contract and Indenture of Trust dated July 6,
1995
20 Press release issued by Eagle Point on December 1, 1999