1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 02549 ---------- 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): September 24, 1998 ------------------ PROJECT SOFTWARE & DEVELOPMENT, INC. (Exact name of registrant as specified in its charter) Massachusetts 0-23852 04-2448516 - -------------------------------------------------------------------------------- (State or other jurisdiction) (Commission (IRS Employer of incorporation) File Number) Identification No.) 100 Crosby Drive, Bedford, Massachusetts 01730 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (781) 280-2000 -------------- 2 ITEM 5. OTHER EVENTS. On September 18, 1998, Stephen B. Sayre was elected to the Board of Directors of Project Software & Development, Inc. ("PSDI") as a Class II Director. PSDI issued a press release announcing this event on September 24, 1998. A copy of the press release is filed as Exhibit 99 to this report and is incorporated herein by reference. 2 3 ITEM 7. EXHIBITS. Number Title ------ ----- 99 Press Release of Project Software & Development, Inc. dated September 24, 1998 3 4 SIGNATURE 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. PROJECT SOFTWARE & DEVELOPMENT, INC. Dated: October 21 , 1998 By: /s/ Paul D. Birch ------------------------------------- Paul D. Birch Executive Vice-President, Finance and Administration and Chief Financial Officer 4 5 EXHIBIT INDEX Pursuant to Item 601 of Regulation S-K Number Title ------ ----- 99 Press Release of Project Software & Development, Inc. dated September 24, 1998 5