SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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): September 28, 2001
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MICROSTRATEGY INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-24435 51-0323571
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1861 International Drive, McLean, Virginia 22102
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (703) 848-8600
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(Former Name or Former Address, if Changed since Last Report)
Item 5. Other Events.
On September 28, 2001, MicroStrategy Incorporated ("the Company") adopted a
plan to effect a reduction in its workforce as part of ongoing measures to
better align operating expenses with revenues and further focus on its core
business intelligence software business. Following the reduction, the Company
expects to have a total of approximately 825 employees worldwide. As a result
of this action, the Company expects to incur a restructuring charge in the
range of $1 million to $3 million in the quarter ending September 30, 2001 and
to achieve overall annualized savings in the range of $16 million to $25
million.
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.
MicroStrategy Incorporated
(Registrant)
By: /s/ Eric F. Brown
_____________________
Name: Eric F. Brown
Title: President and Chief Financial
Officer
Date: September 28, 2001