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): September 30, 2004
LAWSON SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-33335
Delaware 41-1251159
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
380 St. Peter Street, St. Paul, Minnesota 55102-1302
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (651) 767-7000
Former name or former address, if changed since last report: Not applicable
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[] Soliciting material pursuant to Rule14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2b under the Exchange
Act (17CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 2.02. Results of Operations and Financial Condition
On September 30, 2004, Lawson Software, Inc. issued a press release
relating to fiscal 2005 first quarter results. A copy of the press release is
attached hereto as Exhibit 99.1.
Item 2.05 Costs Associated with Exit or Disposal Activities
(a) On September 28, 2004, the Company's Board of Directors approved
management's plan, developed in late September 2004, that is designed to enhance
the Company's operating effectiveness and profitability. Under the plan, the
Company will centralize structure, consolidate leadership and reduce long-term
costs to realign projected expenses with anticipated revenue levels. The plan
includes a reduction of approximately 100 employees in the United States and the
United Kingdom, which will result in a charge for severance and related benefits
of approximately $2.5 million in the second quarter ending November 30, 2004.
The reduction includes employees who work in operations, marketing, sales,
research and development, support and services. All terminations and related
payments are expected to be completed during fiscal 2005. Management of the
Company is continuing to evaluate other cost reduction opportunities that may
result in additional charges in the second quarter ending November 30, 2004 and
during the remainder of fiscal 2005. Because management has not completed its
evaluation and plan, the nature, amount and timing of any additional charges are
not currently determinable.
Item 8.01 Other Events
On September 30, 2004, Lawson Software, Inc. issued a press release
relating to consolidation of leadership and centralization of sales and
services. A copy of the press release is attached hereto as Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 Press release of Lawson Software, Inc. issued September 30, 2004
relating to fiscal 2005 first quarter results.
99.2 Press release of Lawson Software, Inc. issued September 30, 2004
relating to consolidation of leadership and centralization of sales and
services.
The information in Item 2.02 of this Form 8-K, including Exhibit 99.1
attached hereto, shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that Section. The information in this Form 8-K shall not be
incorporated by reference into any registration statement or other document
filed pursuant to the Securities Act of 1933, as amended, except as shall be
expressly set forth by specific reference in such filing.
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 hereunto duly authorized.
Lawson Software, Inc.
Date: September 30, 2004 By: /s/ Robert G. Barbieri
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Robert G. Barbieri
Executive Vice President and Chief Financial
and Performance Officer