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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): May 14, 2007
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ANSYS. INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-20853 04-3219960
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
Incorporation or Organization) Identification No.)
275 Technology Drive, Canonsburg, PA 15317
(Address of Principal Executive Offices) (Zip Code)
(Registrant's Telephone Number, Including Area Code) (724) 746-3304
Item 8.01 Other Events and Required FD Disclosure
On May 14, 2007, ANSYS, Inc. issued a press release announcing a stock
split in the form of a stock dividend. A copy of the press release is attached
as Exhibit 99.1
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit
Number Description
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99.1 Press Release of the Registrant dated May 14, 2007
SIGNATURE
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.
ANSYS, INC.
(Registrant)
Date: May 14, 2007 By: /s/ SHEILA S. DINARDO
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Vice President, General Counsel and
Secretary
ANSYS, Inc. Announces 2-for-1 Stock Split
SOUTHPOINTE, Pa., May 14 /PRNewswire-FirstCall/ -- ANSYS, Inc. (Nasdaq:
ANSS), the global innovator of simulation software and technologies designed to
optimize product development processes, announced today that its Board of
Directors has approved a 2-for-1 stock split of the Company's common shares. The
stock split will be in the form of a stock dividend to be distributed on June 4,
2007 to holders of record at the close of business on May 25, 2007. Stockholders
of record will be issued one additional share of common stock for every share of
common stock held. ANSYS currently has approximately 38.8 million shares of
common stock issued and outstanding. The number will increase to approximately
77.6 million shares as a result of the stock split.
Jim Cashman, ANSYS President and CEO, stated, "Today's announcement of a
stock split is indicative of the Board of Director's and management's confidence
in the Company's current business momentum, combined with the long-term
opportunities that lie ahead. This split is designed to further improve our
overall trading liquidity by making our shares more accessible to institutions
and individual stockholders."
About ANSYS, Inc.
ANSYS, Inc., founded in 1970, develops and globally markets engineering
simulation software and technologies widely used by engineers and designers
across a broad spectrum of industries. The Company focuses on the development of
open and flexible solutions that enable users to analyze designs directly on the
desktop, providing a common platform for fast, efficient and cost-conscious
product development, from design concept to final-stage testing and validation.
The Company and its global network of channel partners provide sales, support
and training for customers. Headquartered in Canonsburg, Pennsylvania, U.S.A.,
with more than 40 strategic sales locations throughout the world, ANSYS, Inc.
and its subsidiaries employ approximately 1,400 people and distribute ANSYS
products through a network of channel partners in over 40 countries. Visit
www.ansys.com for more information.
ANSYS, ANSYS Workbench, AUTODYN, CFX, FLUENT and any and all ANSYS, Inc.
brand, product, service and feature names, logos and slogans are registered
trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States
or other countries. All other brand, product, service and feature names or
trademarks are the property of their respective owners.
Certain statements contained in the press release regarding matters that
are not historical facts, including statements regarding the Board of Director's
and management's confidence in the Company's current business momentum, the
Company's long-term opportunities, and future improvements in trading liquidity
and accessibility of the Company's shares, are "forward- looking" statements (as
defined in the Private Securities Litigation Reform Act of 1995). Because such
statements are subject to risks and uncertainties, actual results may differ
materially from those expressed or implied by such forward-looking statements.
All forward-looking statements in this press release are subject to risks and
uncertainties, including but not limited to, the risk of a general economic
downturn in one or more of the Company's primary geographic regions, the risk
that the assumptions underlying the Company's anticipated revenues and
expenditures will change or prove inaccurate, the risk that the Company has
overestimated its ability to maintain growth and profitability and control
costs, uncertainties regarding the demand for the Company's products and
services in future periods, the risk that the Company has overestimated the
strength of the demand among its customers for its products and services, risks
of problems arising from customer contract cancellations, uncertainties
regarding customer acceptance of new products, the risk that the Company's
operating results will be adversely affected by possible delays in developing,
completing, or shipping new or enhanced products, risks that enhancements to the
Company's products may not produce anticipated sales, uncertainties regarding
fluctuations in quarterly results, including uncertainties regarding the timing
of orders from significant customers and regional economies, and other factors
that are detailed from time to time in reports filed by ANSYS, Inc. with the
Securities and Exchange Commission, including ANSYS, Inc.'s 2006 Annual Report
and Form 10-K and the most recent quarterly report on Form 10-Q. We undertake no
obligation to publicly update or revise any forward-looking statements, whether
changes occur as a result of new information or future events, after the date
they were made.
SOURCE ANSYS, Inc.
-0- 05/14/2007
/CONTACT: Investors: Lisa O'Connor, +1-724-514-1782,
lisa.oconnor@ansys.com, or Media: Kelly Wall, +1-724-514-3076,
kelly.wall@ansys.com, both of ANSYS, Inc./
/Web site: http://www.ansys.com /