1 AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 15, 2001 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ SCHEDULE TO TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) UNDER THE SECURITIES EXCHANGE ACT OF 1934 ------------------------ NEW ERA OF NETWORKS, INC. (NAME OF SUBJECT COMPANY) ------------------------ NEEL ACQUISITION CORP. A WHOLLY-OWNED SUBSIDIARY OF SYBASE, INC. (NAMES OF FILING PERSON-OFFEROR) ------------------------ COMMON STOCK, PAR VALUE $0.0001 PER SHARE (INCLUDING THE ASSOCIATED SHARE PURCHASE RIGHTS) (TITLE OF CLASS OF SECURITIES) 644312-100 (CUSIP NUMBER OF SECURITIES) ------------------------ DANIEL R. CARL VICE PRESIDENT, GENERAL COUNSEL AND SECRETARY SYBASE, INC. 6475 CHRISTIE AVENUE EMERYVILLE, CA 94608 (510) 922-3500 (NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF FILING PERSON) ------------------------ COPIES TO: LARRY W. SONSINI, ESQ. MICHAEL KENNEDY, ESQ. MICHAEL DORF, ESQ. WILSON SONSINI GOODRICH & ROSATI PROFESSIONAL CORPORATION ONE MARKET SPEAR TOWER, SUITE 3300 SAN FRANCISCO, CA 94105 (415) 947-2000 ------------------------ CALCULATION OF FILING FEE - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ TRANSACTION VALUATION* AMOUNT OF FILING FEE** - ------------------------------------------------------------------------------------------------------------ $250,775,345..................... $50,155 - ------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------ * Estimated for purposes of calculating the amount of the filing fee only in accordance with Rules 0-11(d) and 0-11(a)(4) under the Securities Exchange Act of 1934, based upon (a) $6.28, the average of the high and low price per share of New Era of Networks, Inc. common stock on March 14, 2001 as reported on the NASDAQ National Market multiplied by (b) the maximum number of shares of New Era of Networks, Inc. common stock estimated to be received by Sybase or cancelled pursuant to the exchange offer and subsequent merger. ** One-fiftieth of 1% of the value of the transaction. [X] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $62,694 Filing Party: Sybase, Inc. Form or Registration No.: Form S-4 Date Filed: March 15, 2001 [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of the tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [X] third-party tender offer subject to Rule 14d-1. [ ] issuer tender offer subject to Rule 13e-4. [ ] going-private transaction subject to Rule 13e-3. [ ] amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- 2 This Tender Offer Statement on Schedule TO relates to the commencement of an offer by Sybase, Inc., a Delaware corporation ("Sybase"), through its wholly-owned subsidiary, Neel Acquisition Corp., a Delaware corporation ("Merger Sub"), to exchange each issued and outstanding share of common stock, par value $0.0001 per share (the "NEON Shares") of New Era of Networks, Inc., a Delaware corporation ("NEON"), for shares of common stock, par value $0.001 per share (the "Sybase Shares"), of Sybase based on the exchange ratio described in the Prospectus referenced below. The offer is made pursuant to an Agreement and Plan of Reorganization, dated as of February 20, 2001, by and among Sybase, Merger Sub and NEON which contemplates the merger of Merger Sub with and into NEON (the "Merger"). Sybase has filed a registration statement with the Securities and Exchange Commission on Form S-4 relating to the Sybase Shares to be issued to stockholders of NEON in the Offer (as defined below) and the Merger (the "Registration Statement"). The terms and conditions of the Offer and the Merger are set forth in the prospectus which is a part of the Registration Statement (the "Prospectus"), and the related Letter of Transmittal, which are Exhibits (a)(1) and (a)(2) hereto. The Prospectus and the Letter of Transmittal as either may be amended or supplemented from time to time, together constitute the "offer." All of the information in the Prospectus and the related Letter of Transmittal, and any prospectus supplement or other supplement thereto related to the Offer hereafter filed with the Securities and Exchange Commission by Sybase, is hereby incorporated by reference in answer to Items 2 through 11 of this Schedule TO. ITEM 1. SUMMARY TERM SHEET. Information is disclosed to security holders in a prospectus meeting the requirements Rule 421(d) of the Securities Act of 1933. ITEM 12. EXHIBITS. EXHIBIT NUMBER DESCRIPTION - ------- ----------- (a)(1) Prospectus relating to the Sybase Shares to be issued in the Offer and the Merger (incorporated by reference from Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(2) Form of Letter of Transmittal (incorporated by reference from exhibit 99.1 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(3) Form of Notice of Guaranteed Delivery (incorporated by reference from exhibit 99.2 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(4) Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference from exhibit 99.3 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(5) Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference from exhibit 99.4 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(6) Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9 (incorporated by reference from exhibit 99.5 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(7) Press release of Sybase, dated February 21, 2001 (incorporated by reference to Sybase's Form 425 filed February 21, 2001). (d)(1) Agreement and Plan of Reorganization, dated as of February 20, 2001, by and among Sybase, NEON and Neel Acquisition Corp. (incorporated by reference from exhibit 2.1 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (d)(2) Form of Stockholder Agreement dated as of February 20, 2001, between Sybase and certain NEON stockholders (incorporated by reference from Exhibit 2.2 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (d)(3) Amended New Era of Networks Change of Control Severance Agreement between NEON and George F. Adam, Jr., dated February 20, 2001 (incorporated herein by reference to Exhibit 10.14 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). 1 3 EXHIBIT NUMBER DESCRIPTION - ------- ----------- (d)(4) Amended New Era of Networks Change of Control Severance Agreement between NEON and Patrick Fortune, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.15 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(5) Amended New Era of Networks Change of Control Severance Agreement between NEON and Frederick T. Horn, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.17 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(6) Amended New Era of Networks Change of Control Severance Agreement between NEON and Peter Hoversten, dated February 19, 2001. (d)(7) Amendment to New Era of Networks Change of Control Severance Agreement between NEON and Leonard Goldstein, dated February 16, 2001. (d)(8) Amendment to New Era of Networks Change of Control Severance Agreement between NEON and Stephen E. Webb, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.16 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(9) Change of Control Severance Agreement between NEON and Franz Koepper, dated January 30, 2001 (incorporated herein by reference to Exhibit 10.18 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(10) Employment and Non-Competition Agreement between Sybase and George F. Adam, Jr., dated February 20, 2001. (d)(11) Employment and Non-Competition Agreement between Sybase and Patrick Fortune, dated February 20, 2001. (d)(12) Employment and Non-Competition Agreement between Sybase and Frederick T. Horn, dated February 20, 2001. (d)(13) Employment and Non-Competition Agreement between Sybase and Peter Hoversten, dated February 20, 2001. (d)(14) Amendment 1 to the Sybase Employment and Non-Solicitation Agreement between Sybase and George F. Adam, Jr., dated February 16, 2001. (d)(15) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Patrick Fortune, dated February 16, 2001. (d)(16) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Frederick T. Horn, dated February 16, 2001. (d)(17) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Peter Hoversten, dated February 19, 2001. (d)(18) Form of Change of Control Severance Agreement as entered into between NEON and each of George F. (Rick) Adam, Jr., Patrick J. Fortune, Stephen E. Webb and Frederick T. Horn (incorporated herein by reference to Exhibit 10.13 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(19) Employment Agreement between Dr. Franz Koepper and SCI Consulting AG dated January 1, 1998 (incorporated herein by reference to Exhibit 10.19 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(20) Amendment 2000/2001 to the Employment Agreement between Dr. Franz Koepper and SCI Consulting AG dated December 24, 2000 (incorporated herein by reference to Exhibit 10.20 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). ITEM 13. INFORMATION REQUIRED BY SCHEDULE 13e-3. Not applicable 2 4 SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 15, 2001 NEEL ACQUISITION CORP. By: /s/ PIETER VAN DER VORST ------------------------------------ Name: Pieter Van der Vorst Title: Chief Financial Officer, Director SYBASE, INC. By: /s/ TERESA CHUH ------------------------------------ Name: Teresa Chuh Title: Assistant Secretary 3 5 EXHIBIT INDEX EXHIBIT NUMBER DESCRIPTION - ------- ----------- (a)(1) Prospectus relating to Sybase Shares to be issued in the Offer and the Merger (incorporated by reference from Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(2) Form of Letter of Transmittal (incorporated by reference from exhibit 99.1 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(3) Form of Notice of Guaranteed Delivery (incorporated by reference to exhibit 99.2 from Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(4) Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference from exhibit 99.3 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(5) Form of Letter to Clients for use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees (incorporated by reference from exhibit 99.4 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(6) Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9 (incorporated by reference from exhibit 99.5 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (a)(7) Press release of Sybase, dated February 21, 2001 (incorporated by reference to Sybase's Form 425 filed February 21, 2001). (d)(1) Agreement and Plan of Reorganization, dated as of February 20, 2001, by and among Sybase, NEON and Neel Acquisition Corp. (incorporated by reference from exhibit 2.1 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (d)(2) Stockholder Agreement dated as of February 20, 2001, between Sybase and the stockholders listed on the signature page thereto (incorporated by reference from Exhibit 2.2 to Sybase's Registration Statement on Form S-4 filed on March 15, 2001). (d)(3) Amended New Era of Networks Change of Control Severance Agreement between NEON and George F. Adam, Jr., dated February 20, 2001 (incorporated herein by reference to Exhibit 10.14 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(4) Amended New Era of Networks Change of Control Severance Agreement between NEON and Patrick Fortune, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.15 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(5) Amended New Era of Networks Change of Control Severance Agreement between NEON and Frederick T. Horn, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.17 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(6) Amended New Era of Networks Change of Control Severance Agreement between NEON and Peter Hoversten, dated February 19, 2001. (d)(7) Amendment to New Era of Networks Change of Control Severance Agreement between NEON and Leonard Goldstein, dated February 16, 2001. (d)(8) Amendment to New Era of Networks Change of Control Severance Agreement between NEON and Stephen E. Webb, dated February 16, 2001 (incorporated herein by reference to Exhibit 10.16 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(9) Change of Control Severance Agreement between NEON and Franz Koepper, dated January 30, 2001 (incorporated herein by reference to Exhibit 10.18 to NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(10) Employment and Non-Competition Agreement between Sybase and George F. Adam, Jr., dated February 20, 2001. (d)(11) Employment and Non-Competition Agreement between Sybase and Patrick Fortune, dated February 20, 2001. (d)(12) Employment and Non-Competition Agreement between Sybase and Frederick T. Horn, dated February 20, 2001. 4 6 EXHIBIT NUMBER DESCRIPTION - ------- ----------- (d)(13) Employment and Non-Competition Agreement between Sybase and Peter Hoversten, dated February 20, 2001. (d)(14) Amendment 1 to the Sybase Employment and Non-Solicitation Agreement between Sybase and George F. Adam, Jr., dated February 16, 2001. (d)(15) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Patrick Fortune, dated February 16, 2001. (d)(16) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Frederick T. Horn, dated February 16, 2001. (d)(17) Amendment 1 to the Employment and Non-Solicitation Agreement between Sybase and Peter Hoversten, dated February 19, 2001. (d)(18) Form of Change of Control Severance Agreement as entered into between NEON and each of George F. (Rick) Adam, Jr., Patrick J. Fortune, Stephen E. Webb and Frederick T. Horn (incorporated herein by reference to Exhibit 10.13 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(19) Employment Agreement between Dr. Franz Koepper and SCI Consulting AG dated January 1, 1998 (incorporated herein by reference to Exhibit 10.19 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). (d)(20) Amendment 2000/2001 to the Employment Agreement between Dr. Franz Koepper and SCI Consulting AG dated December 24, 2000 (incorporated herein by reference to Exhibit 10.20 of NEON's Annual Report on Form 10-K for the fiscal year ended December 31, 2000). 5 7 SCHEDULE I INFORMATION CONCERNING DIRECTORS AND EXECUTIVE OFFICERS OF SYBASE, INC. Directors and Executive Officers. The following table sets forth the name, age and present principal occupation or employment, and material occupations, positions, offices or employments for the past five years, of each director and executive officer of Sybase. Except as indicated below, the business address of each such person is Sybase, Inc., 6475 Christie Avenue, Emeryville, California 94608. PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT NAME AND BUSINESS ADDRESS AGE AND FIVE-YEAR EMPLOYMENT HISTORY ------------------------- --- ------------------------------------------------------ John S. Chen......................... 44 Mr. Chen has been Chairman, President and Chief Executive officer of Sybase, Inc. since November 1998. From February through November 1996, he served as co-Chief Executive Officer. Mr. Chen joined Sybase in August 1997 as Chief Operating Officer and served in that capacity until February 1998. From March 1995 to July 1997, Mr. Chen was President of the Open Enterprise Computing Division, Siemens Nixdort, a computer and electronics company, and Chief Executive Officer and Chairman of Siemens Pyramid, a subsidiary of Siemens Nixdorf. He has also served as a Board member of Beyond. com since March 1999. Alan B. Salisbury.................... 62 Dr. Salisbury has served as a director since July 1993. He is also a member of the Audit Committee. From April 1993 through August 1998, he served as President and General Manager of Learning Tree International USA, Inc., a provider of advanced technology and technical management training. Since August 1998, he has served as Chairman of Learning Tree International USA, Inc. Between June 1991 and April 1993, Dr. Salisbury served as Executive Vice President and Chief Operating Officer of Microelectronics and Computer Technology Corp., an information technology research and development consortium. From November 1984 through September 1987, Dr. Salisbury served as the Commanding General of the U.S. Army Information Systems Engineering Command. Dr. Salisbury is also a director of TelePad Corp., Template Software, Inc. and Learning Tree International. Linda K. Yates....................... 37 Ms. Yates is a founder of Strategos, an international strategy consulting firm, where she served as Chief Executive Officer from January 1995 through August 1999. Ms. Yates currently serves in various advisory and board roles with approximately 10 Silicon Valley start-ups. Prior to founding Strategos in 1995, Ms. Yates spent six years with the Mac Group/Gemini Consulting where she served as Vice President and head of the West Coast from 1992 to 1994. 6 8 PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT NAME AND BUSINESS ADDRESS AGE AND FIVE-YEAR EMPLOYMENT HISTORY ------------------------- --- ------------------------------------------------------ Richard C. Alberding................. 69 Mr. Alberding has served as a director since September 1993. He is also a member of the Compensation Committee. Mr. Alberding served as an Executive Vice President of Hewlett-Packard Company, an electronics and computer manufacturer, before retiring from the company in 1991. He had served in various management positions with HP beginning in 1958. Mr. Alberding is also a director of Digital Microwave Corp, Paging Network Inc., JLK Direct Distribution, Inc., Kennametal, Inc., Walker Interactive Systems, and PCTEL Inc. L. William Krause.................... 57 Mr. Krause has served as a director since February 1995. He is also a member of the Compensation Committee. Mr. Krause has been President of LWK Ventures, a private investment company, since November 1998. Prior to that, beginning in October 1991, he served as President, Chief Executive Officer and director of Storm Technology, Inc., a provider of computer peripherals and software for digital imaging which filed for protection under the Federal Bankruptcy Laws in November 1998. He is also a director of Pinnacle Systems, Inc. and Ramp Networks, Inc. Robert P. Wayman..................... 54 Mr. Wayman has served as a director since July 1995. He is also a member of the Audit Committee. Mr. Wayman has been Chief Financial Officer of Hewlett-Packard Company, a computer and electronics company, since 1984, and its Executive Vice President, Finance and Administration since 1992. He is also a director of HP and CNF Inc., and is the current Chairman, Private Sector Council and member of the Kellogg Advisory Board to Northwestern University School of Business. Cecilia Claudio...................... 45 Ms. Claudio has served as a director since November 1999. Ms. Claudio has been Senior Vice President and Chief Information Officer of Farmers Group, Inc., a large automobile and home insurance company, since 1998. From 1994 to 1997, she was a faculty member of Harvard School of Public Health. Ms. Claudio has also held various senior management positions at Anthem Blue Cross/Blue Shielf, Harvard Pilgrim Health Care, Xerox Corporation, The Gap Inc. and Olivetti (Worldwide). Eric L. Miles........................ 53 Mr. Miles has served as Senior Vice President and General Manager of the Business Intelligence Division since December 1998. Between December 1997, when he joined Sybase, and December 1998, he was Senior Vice President, Product Operations. From November 1995 until he joined Sybase, Mr. Miles served as Vice President, Product Development at Informix Corporation. 7 9 PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT NAME AND BUSINESS ADDRESS AGE AND FIVE-YEAR EMPLOYMENT HISTORY ------------------------- --- ------------------------------------------------------ Raj Nathan........................... 46 Dr. Nathan has served as Senior Vice President and General Manager of the Internet Applications Division since December 1998. Joining Sybase in November 1997, he served as Senior Vice President, Corporate Program Office until December 1998. From May through November 1997, he served as President and Chief Executive Officer of Siemens Pyramid, and held a number of executive positions with Siemens Pyramid prior to that. Terry Stepien........................ 41 Mr. Stepien has served as President of iAnywhere Solutions, a wholly-owned subsidiary of Sybase since March 1999. From September 1996 to March 1999, he was Vice President and General Manager, Mobile and Embedded Computing Division. From September 1996 to September 1998, he served as Vice President, Marketing for Database Products. Mr. Stepien was Vice President, Marketing for Workplace Database Products from February 1995 to September 1996. Pieter van der Vorst................. 45 Mr. Van der Vorst has served as Vice President and Chief Financial Officer since January 1999. Between November 1997 and January 1999, he served as Corporate Controller, and prior to that, he served as Vice President, Tax and Corporate Accounting beginning in April 1997. Mr. Van der Vorst has held various other positions since joining Sybase in 1991. Pamela J. George..................... 54 Ms. George has served as Vice President of Corporate Marketing since April 1999. Prior to that she was Vice President of Corporate Communications at Maxager Technology, beginning in December 1997. From October 1991 through October 1995, Ms. George was Director of Corporate Communications for Cisco Systems. Daniel R. Carl....................... 47 Mr. Carl has served as Vice President, General Counsel and Secretary since April 1999. Immediately prior to that, he served as Director of European Legal Affairs, beginning in January 1997. Mr. Carl has been a Vice President of Sybase since May 1996, and served as Associate General Counsel from 1992 to April 1999. Martin J. Healy...................... 37 Mr. Healy has served as Vice President and Corporate Controller since January 1999. Between January 1997 and January 1999, he served as Vice President, Intercontinental Operations. Mr. Healy was Director of Finance, Asia (excluding Japan) from January 1994 to December 1997, and prior to that held various positions within the Company's finance organization. Before joining Sybase in 1989, Mr. Healy was Financial Reporting Manager at WordStar International. Nita C. White-Ivy.................... 53 Ms. White-Ivy has served as Vice President of Human Resources since March 1998. Prior to that, she was a human resources consultant to Sybase beginning in January 1998. Before joining Sybase, she was with Siemens Pyramid, serving as Vice President of Worldwide Human Resources from February 1994 to October 1997. 8