This excerpt taken from the ANSS 8-K filed Jan 7, 2009.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 31, 2008, ANSYS, Inc. (the Company) and J. Christopher Reid entered into a new employment offer letter (the Offer Letter), pursuant to which Mr. Reid will be employed by the Company as its Vice President of Business Development and will no longer serve as the Companys Vice President of Marketing.
Mr. Reid also agreed to terminate his Employment Agreement, effective as of December 31, 2008, pursuant to a letter agreement by and between the Company and Mr. Reid (the Letter Agreement). In consideration of such termination, the Company will pay Mr. Reid $147,500 CAD, which, as of the date of the Letter Agreement, was equal to approximately US$121,000, less any applicable taxes or withholdings.
The foregoing description of each of the Offer Letter and the Letter Agreement does not purport to be complete and is qualified in its entirety by reference to the Offer Letter and the Letter Agreement which are filed as Exhibits 10.1 and 10.2 hereto, respectively, and are incorporated into this report by reference.
This excerpt taken from the ANSS 8-K filed Jul 2, 2007.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 26, 2007, Michael J. Wheeler, Vice President and General Manager, Mechanical Business Unit and a named executive officer of ANSYS, Inc., announced that he will be retiring on July 31, 2007.
Mike began his career at ANSYS in the 1970s when ANSYS was a small start-up. After numerous successes in the emerging CAE industry, Mike returned to ANSYS in 2000 and we have been fortunate to have had the benefit of Mikes leadership and insight for the past 7 years. He has been a key contributor to the success we have experienced during that time and he has helped lay the foundation for advancements yet to come, said James E. Cashman III, President and Chief Executive Officer of ANSYS, Inc. We wish Mike well in his retirement, said Mr. Cashman.
I want to thank everyone for making my time at ANSYS a wonderful experience. I had the thrill to participate in building world-class technologies and to work with the dedicated ANSYS employees, customers, and partners throughout the world. I have always been proud to say I work for ANSYS, Inc. This is a great company and I wish everyone the best in the future, said Mr. Wheeler.
Certain statements contained in this Form 8-K regarding matters that are not historical facts, including, but not limited to, statements regarding our successes, advancements yet to come and the quality of our technologies 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 Form 8-K are subject to risks and uncertainties, including, but not limited to, the risk of a general economic downturn in one or more of ANSYS primary geographic regions, the risk that the assumptions underlying ANSYS anticipated revenues and expenditures will change or prove inaccurate, the risk that ANSYS has overestimated its ability to maintain growth and profitability and control costs, uncertainties regarding the demand for ANSYS products and services in future periods, the risk that ANSYS has overestimated the strength of the demand among its customers for its products, risks of problems arising from customer contract cancellations, uncertainties regarding customer acceptance of new products, the risk that ANSYS operating results will be adversely affected by possible delays in developing, completing, or shipping new or enhanced products, risks that enhancements to the ANSYSs products may not produce anticipated sales, uncertainties regarding fluctuations in quarterly results, including uncertainties regarding the timing of orders from significant customers, 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 2007 Annual Report and Form 10-K, as amended. 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.
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.