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
February 2, 1999
Date of Report (date of earliest event reported)
SUMMIT DESIGN, INC.
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(Exact name of Registrant as specified in its charter)
DELAWARE 000-20923 93-1137888
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation or
organization)
9305 S.W. GEMINI DRIVE
BEAVERTON, OREGON 97008
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
Registrant's telephone number, including area code: (503) 643-9281
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On February 1, 1999, Summit Design, Inc. ("Summit"), Hood Acquisition
Corp., a wholly-owned subsidiary of Summit ("Merger Sub"), and OrCAD, Inc.
("OrCAD") entered into a Termination Agreement and Release (the "Termination
Agreement") which terminated the Agreement and Plan of Reorganization (the
"Merger Agreement") entered into by and among Summit, Merger Sub, and OrCAD.
A copy of the Termination Agreement is filed herewith as Exhibit 2.1 and is
incorporated by reference herein.
On February 2, 1999, Summit and OrCAD issued a press release announcing
that they had mutually agreed to terminate the Merger Agreement. A copy of the
press release is filed herewith as Exhibit 99.1 and incorporated by reference
herein.
On February 2, 1999, Summit issued a press release announcing the
termination of the proposed acquisition of OrCAD, preliminary financial results
and management changes. A copy of the press release is filed herewith as
Exhibit 99.2 and incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
2.1 Termination Agreement and Release dated February 1,
1999 by and among Summit Design, Inc., Hood Acquisition
Corp., a wholly-owned subsidiary of Summit Design, Inc.,
and OrCAD, Inc.
99.1 Press Release dated February 2, 1999.
99.2 Press Release dated February 2, 1999
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Summit Design, Inc.
Dated: February 2, 1999 By: /s/ C. Albert Koob
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C. Albert Koob
Chief Financial Officer
INDEX TO EXHIBITS
Exhibit
Number Description of Document
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2.1 Termination Agreement and Release dated February 1,
1999 by and among Summit Design, Inc., Hood Acquisition
Corp., a wholly-owned subsidiary of Summit Design, Inc.,
and OrCAD, Inc.
99.1 Press Release dated February 2, 1999.
99.2 Press Release dated February 2, 1999