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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): July 27, 2006
LAWSON SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-51942
Delaware 20-3469219
(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
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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))
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Item 5.02 and Item 1.01. Departure of Directors or Principal Officers; Election
of Directors; Appointment of Principal Officers
On July 27, 2006, Lawson Software, Inc. announced that its chief financial
officer, Robert G. Barbieri, will depart the company on October 31, 2006. Until
his departure, Mr. Barbieri will continue as chief financial officer and oversee
the completion of the company's financial reporting for fiscal 2006 and continue
to lead the company's worldwide finance and accounting team.. He may elect to
depart before October 31 if he has completed his transition. Lawson will conduct
a search for Mr. Barbieri's successor. If that search is not completed before
Mr. Barbieri's departure, the board of directors will name Stefan Schulz,
Lawson's current senior vice president and global controller, as acting chief
financial officer. Mr. Schulz, age 39, joined Lawson in October 2005 as senior
vice president and global controller. From 1993 until joining Lawson, he worked
for BMC Software, a leading provider of enterprise management software, where he
served as vice president of global revenue operations from May 2004 until
October 2005, and corporate controller from 2001 until 2004. Mr. Schulz is a
Certified Public Accountant. A copy of the press release announcing this change
is attached hereto as Exhibit 99.1.
Lawson and Mr. Barbieri have also entered into a Separation and Non-Compete
Agreement and Mutual Release dated July 27, 2006, which is attached hereto as
Exhibit 10.8. Under that agreement, Mr. Barbieri will receive a severance
payment of $600,000, less applicable taxes, which represents one times his
current annual base salary and target incentive compensation. Under that
agreement, Lawson will indemnify Mr. Barbieri for certain legal matters and Mr.
Barbieri has agreed to certain competition restrictions for one year after his
departure from Lawson.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
10.8 Separation and Non-Compete Agreement and Mutual Release dated
July 27, 2006 between Lawson Software, Inc. and Robert G.
Barbieri.
99.1 Press release of Lawson Software, Inc. issued July 27, 2006
pertaining to the chief financial officer.
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: July 27, 2006 By: Harry Debes
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Harry Debes,
President and Chief Executive Officer