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: June 18, 2003
(Date of earliest event reported)
SofTech, Inc.
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(Exact name of registrant as specified in its charter)
Massachusetts 0-10665 #04-2453033
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation or file number) Identification Number)
organization)
2 Highwood Drive, Tewksbury, MA 01876
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(Address of principal executive offices) (Zip Code)
(978) 640-6222
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(Registrant's telephone number, including area code)
Item 5. Other Events
On June 16, 2003, SofTech Acquisition Corporation ("SAC"), a wholly-owned
subsidiary of SofTech, Inc., exercised its Stock Option to purchase 220,000
shares of Workgroup Technology Corporation ("WTC"). With this exercise, SAC
owns 1,855,461 shares of WTC representing 90.02% of WTC's total outstanding
shares.
On June 18, 2003, the SAC Board of Directors approved the merger of SAC with and
into WTC, with WTC as the surviving corporation. Subsequent to that Board
action, the Certificate of Ownership and Merger Merging SofTech Acquisition
Corp., a Delaware Corporation with and into Workgroup Technology Corporation, a
Delaware Corporation was filed with the Secretary of State of Delaware. Within
10 days, a mailing to WTC shareholders of record on June 18, 2003 will inform
them as to their rights regarding tendering their shares for payment or
dissenting to the valuation.
Concurrent with this filing, WTC will file a Form 15 with the Securities and
Exchange Commission to terminate it registration under Section 12(g) of the
Securities and Exchange Act of 1934.
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.
SofTech, Inc.
Date: June 18, 2003 By: /s/ Joseph P. Mullaney
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Joseph P. Mullaney
President and Chief Operating Officer
(Principal Financial and Accounting Officer)