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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
APRIL 17, 2001
(Date of Report)
Date of earliest event reported: APRIL 17, 2001
INTUIT INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-21180 77-0034661
(Commission File Number) (I.R.S. Employer Identification No.)
2535 GARCIA AVENUE, MOUNTAIN VIEW, CALIFORNIA 94043
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (650) 944-6000
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ITEM 5. OTHER EVENTS.
On April 17, 2001, Intuit Inc. ("Intuit") announced that it had signed a
definitive agreement to acquire the assets of Tulsa, Oklahoma - based Tax and
Accounting Software Corporation ("TASC"). Under the terms of the acquisition,
Intuit's wholly-owned subsidiary, Lacerte Software Corporation ("Lacerte"), will
acquire substantially all of the assets of TASC for approximately $63 million in
cash. The transaction is expected to close on April 17, 2001.
TASC offers a fully integrated suite of software tools for accounting and
tax professionals. Under the terms of the agreement, TASC's operations will
become part of Intuit's Dallas-based professional tax division. TASC's tax
customers will have the option of converting to either Intuit's Lacerte(R) or
ProSeries(R) products. TASC's EasyACCT accounting products, which allow
accountants to prepare financial statements and forms, will be added to Intuit's
existing product line and will integrate with future versions of Lacerte and
ProSeries products.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
None.
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.
INTUIT INC.
Dated: April 17, 2001
/s/ CATHERINE L. VALENTINE
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Catherine L. Valentine
Vice President and General Counsel
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