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U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 40-F
[_] REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934
OR
[X] ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended January 31, 2003 Commission File Number: 333-09768
THE DESCARTES SYSTEMS GROUP INC.
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(Exact name of Registrant as specified in its charter)
N/A
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(Translation of Registrant's name into English (if applicable))
Ontario, Canada
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(Province or other jurisdiction of incorporation or organization)
N/A
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(Primary Standard Industrial Classification Code Number (if applicable))
N/A
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(I.R.S. Employer Identification Number (if applicable))
120 Randall Drive, Waterloo, Ontario, Canada N2V 1C6
Tel: (519) 746-8110
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(Address and telephone number of Registrant's principal executive offices)
Descartes Systems (USA) LLC
1745 Phoenix Blvd.
Suite 470
Atlanta, GA 30349
Tel: (770) 996-8109
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(Name, address (including zip code) and telephone number (including area
code) of agent for service in the United States)
Securities registered or to be registered pursuant to Section 12(b) of the Act.
Title of each class: N/A Name of each exchange on which registered: N/A
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Securities registered or to be registered pursuant to Section 12(g) of the Act.
Common Shares, no par value per share
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(Title of Class)
Securities for which there is a reporting obligation pursuant to Section 15(d)
of the Act.
N/A
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(Title of Class)
For annual reports, indicate by check mark the information filed with this Form:
[X] Annual information form [X] Audited annual financial statements
Indicate the number of outstanding shares of each of the issuer's classes of
capital or common stock as of the close of the period covered by the annual
report.
52,224,511 as of January 31, 2003
Exhibit Index on Page 9
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Indicate by check mark whether the Registrant by filing the information
contained in the Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
(the "Exchange Act"). If "Yes" is marked, indicate the filing number assigned to
the Registrant in connection with such Rule.
Yes [ ] No [X]
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Exchange Act during the
preceding 12 months (or for such shorter period that the Registrant was required
to file such reports) and (2) has been subject to such filing requirements for
the past 90 days.
Yes [X] No [ ]
Exhibit Index on Page 9
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DOCUMENTS FILED PURSUANT TO GENERAL INSTRUCTIONS
In accordance with General Instruction B(3) of Form 40-F, the Registrant
hereby files Exhibit 1 and Exhibit 2, as set forth in the Exhibit Index attached
hereto. In accordance with General Instruction D(9) of Form 40-F, the Registrant
hereby files Exhibit 3, as set forth in the Exhibit Index attached hereto. In
accordance with the requirements of Section 906 of the Sarbanes-Oxley Act of
2002, the Registrant hereby furnishes Exhibit 99.1 and Exhibit 99.2, as set
forth in the Exhibit Index attached hereto.
Exhibit Index on Page 9
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CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. As of a date within the 90-day
period prior to the filing of this report, an evaluation of the effectiveness of
the Registrant's "disclosure controls and procedures" (as such term is defined
in Rules 13a-14(c) and 15d-14(c) of the United States Securities Exchange Act of
1934 (the "Exchange Act")) was carried out by the Registrant's Chief Executive
Officer ("CEO") and Chief Financial Officer ("CFO"). Based on that evaluation,
the CEO and CFO concluded that as of such date the Registrant's disclosure
controls and procedures are effective to ensure that information required to be
disclosed by the Registrant in reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified in United States Securities and Exchange Commission rules and
forms.
CHANGES IN INTERNAL CONTROLS. Subsequent to the completion of the aforementioned
evaluation, there have been no significant changes in the Registrant's internal
controls or in other factors that could significantly affect the internal
controls, including any corrective actions with regard to significant
deficiencies and material weaknesses.
Exhibit Index on Page 9
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UNDERTAKING AND CONSENT TO SERVICE PROCESS
UNDERTAKING.
Registrant undertakes to make available, in person or by telephone,
representatives to respond to inquiries made by the Commission staff, and to
furnish promptly, when requested to do so by the Commission staff, information
relating to: the securities in relation to which the obligation to file an
annual report on Form 40-F arises; or transactions in said securities.
CONSENT TO SERVICE OF PROCESS.
The Registrant is concurrently filing with the Commission a Form F-X.
Any change to the name or address of the Registrant's agent for service of
process shall be communicated promptly to the Commission by amendment to Form
F-X referencing the file number of the Registrant.
Exhibit Index on Page 9
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SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant certifies
that it meets all of the requirements for filing on Form 40-F and has duly
caused this annual report to be signed on its behalf by the undersigned, thereto
duly authorized.
THE DESCARTES SYSTEMS GROUP INC.
By: /s/ Colley Clarke
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Name: Colley Clarke
Title: Executive Vice President
and Chief Financial Officer
Date: June 20, 2003
Exhibit Index on Page 9
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CERTIFICATIONS
I, Manuel Pietra, Chief Executive Officer and President, certify that:
1. I have reviewed this annual report on Form 40-F of The Descartes Systems
Group Inc.;
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this annual report;
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
(a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report
is being prepared;
(b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this annual report (the "Evaluation Date"); and
(c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of the registrant's board of directors (and persons performing
the equivalent function):
(a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have
identified for the registrant's auditors any material weaknesses in
internal controls; and
(b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls
or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.
Date: June 20, 2003
/s/ Manuel Pietra
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Manuel Pietra
Chief Executive Officer and President
Exhibit Index on Page 9
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CERTIFICATIONS
I, Colley Clarke, Executive Vice President and Chief Financial Officer, certify
that:
1. I have reviewed this annual report on Form 40-F of The Descartes Systems
Group Inc.;
2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this annual report;
3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this annual report;
4. The registrant's other certifying officers and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-14 and 15d-14) for the registrant and have:
(a) designed such disclosure controls and procedures to ensure that
material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this annual report
is being prepared;
(b) evaluated the effectiveness of the registrant's disclosure controls
and procedures as of a date within 90 days prior to the filing date of
this annual report (the "Evaluation Date"); and
(c) presented in this annual report our conclusions about the
effectiveness of the disclosure controls and procedures based on our
evaluation as of the Evaluation Date;
5. The registrant's other certifying officers and I have disclosed, based on
our most recent evaluation, to the registrant's auditors and the audit
committee of the registrant's board of directors (and persons performing
the equivalent function):
(a) all significant deficiencies in the design or operation of internal
controls which could adversely affect the registrant's ability to
record, process, summarize and report financial data and have
identified for the registrant's auditors any material weaknesses in
internal controls; and
(b) any fraud, whether or not material, that involves management or other
employees who have a significant role in the registrant's internal
controls; and
6. The registrant's other certifying officers and I have indicated in this
annual report whether there were significant changes in internal controls
or in other factors that could significantly affect internal controls
subsequent to the date of our most recent evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.
Date: June 20, 2003
/s/ Colley Clarke
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Colley Clarke
Executive Vice President
and Chief Financial Officer
Exhibit Index on Page 9
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EXHIBIT INDEX
Exhibit
Number Description
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1 Annual Information Form for the year ended January 31, 2003 including
management's discussion and analysis for the fiscal year ended January
31, 2003.
2 Annual Report to Shareholders for the year ended January 31, 2003,
including audited consolidated financial statements and the notes
thereto for fiscal year ended January 31, 2003, 2002 and 2001 together
with the report of the auditors therein.
3 Consent of Deloitte & Touche LLP.
99.1 Certification of Chief Executive Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
99.2 Certification of Chief Financial Officer pursuant to 18 U.S.C. Section
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
Exhibit Index on Page 9
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