1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) DECEMBER 1, 1997 BEST SOFTWARE, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) VIRGINIA 333-33275 54-1222526 (State or other jurisdiction of (Commission File Number) (I.R.S. Employer incorporation or organization) Identification No.) 11413 ISAAC NEWTON SQUARE RESTON, VA 20190 (703) 709-5200 (Address, including zip code, and telephone number, including area code, of registrant's principal executive offices) ----------------- 2 ITEM 5. OTHER EVENTS Best Software, Inc. announced on December 1, 1997 that its Board of Directors has approved the repurchase of up to an aggregate of 200,000 shares of its common stock to fund the requirements of its stock plans. None of the proceeds of the Company's recently completed initial public offering will be used to repurchase these shares. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS c. EXHIBITS See Index to Exhibits attached 3 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 each of the undersigned hereunto duly authorized. BEST SOFTWARE, INC. By: /s/ Timothy A. Davenport -------------------------- Timothy A. Davenport President and Chief Executive Officer By: /s/ David N. Bosserman ------------------------ David N. Bosserman Executive Vice President, Chief Financial Officer and Treasurer 4 INDEX TO EXHIBITS Exhibit Number 99.1 Press Release dated December 1, 1997