So much for ERP and BAAN...
Dismal Earnings...
baan.com
And the result...
Baan Company To Hold Shareholders Meeting August 18
To Adopt Invensys Purchase Agreement and Annual Accounts
Barneveld, The Netherlands and Herndon, Virginia – August 3, 2000 – Baan Company N.V. (NASDAQ: BAANF; ASE: BAAN), a global provider of enterprise business solutions, today announced that an Extraordinary General Meeting of Shareholders will be held in Nijkerk, the Netherlands (at the Hart van Holland Conference Center) on Friday, August 18th, at 09:00 CET. At the meeting shareholders will be asked to adopt the 1999 Annual Accounts and appoint new Management and Supervisory Boards. Nominees for appointment to the Board of Managing Directors are Bruce Henderson, Laurens van der Tang, Hans Wortmann, David Wyman, Justin Besley, and Tim Voak. The shareholders will be asked to appoint to the Board of Supervisory Directors Kathleen O’Donovan, James Mueller, John Saunders, James Bays, and Robert Goudie. Pierre Everaert will resume his duties on the Supervisory Board after having served as Interim CEO of the Company since early January of this year. Shareholders will also be asked to vote on an Asset Purchase Agreement and Offer Amendment entered into with Invensys. The proposed Purchase Agreement would assure the completion of the orderly transfer of the Company’s business to Invensys now that Invensys’ offer has become unconditional. Also on the agenda of the meeting is a change of the fiscal year of the Company to maintain alignment of the fiscal year of the Company and several of its Dutch subsidiaries. The invitation, agenda and explanatory notes to the agenda of the meeting are available on Baan’s website at www.baan.com. |
