UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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) NOVEMBER 17, 1998
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QAD, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-22823 77-0105228
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6450 Via Real, Carpinteria, California 93013
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(Address of principal executive offices)
Registrant's telephone number, including area code (805) 684-6614
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(Former name of former address, if changed since last report.)
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.
Filed as an exhibit hereto is the registrant's press release, dated
November 18, 1998, announcing that the registrant has acquired the United
Kingdom and the Netherlands software distribution operations and assets of
TRW Integrated Supply Chain Solutions. The registrant has accounted for the
acquisition as a purchase. The acquisition was financed one-third from
available cash and two-thirds in the form of promissory notes, payable to
BDM Largotim U.S. Inc., BDM Largotim Limited and Largotim Nederland B.V.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro forma Financial Information.
Not applicable.
(c) Exhibits.
2.1 Asset Purchase Agreement dated November 17, 1998.
99.1 Press release dated November 18, 1998.
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 the
undersigned thereunto duly authorized.
QAD INC.
(Registrant)
Date: December 4, 1998 By /s/ A.J. MOYER
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A.J. Moyer
Chief Financial Officer
(on behalf of the registrant and as
Principal Financial Officer)