11-K 1 l89152ae11-k.txt REYNOLDS & REYNOLDS FORM 11-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 11-K [X] Annual Report Pursuant to Section 15(d) of the Securities and Exchange Act of 1934 For fiscal year ended: December 31, 2000 [ ] Transition Report Pursuant to Section 15(d) of the Securities Exchange Act of 1934 For the transition period from ________ to _________ Commission file number: 1-10147 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN (Full Title of the Plan) THE REYNOLDS AND REYNOLDS COMPANY 115 SOUTH LUDLOW STREET, DAYTON, OHIO 45402 (Name of Issuer and Address of Principal Executive Offices) 2 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN Financial Statements as of December 31, 2000 and 1999 and for the Years then Ended and Supplemental Schedule as of December 31, 2000 and Independent Auditors' Report 3 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN TABLE OF CONTENTS --------------------------------------------------------------------------------
PAGE INDEPENDENT AUDITORS' REPORT 1 FINANCIAL STATEMENTS AS OF DECEMBER 31, 2000 AND 1999 AND FOR THE YEARS THEN ENDED: Statements of Net Assets Available for Benefits 2 Statements of Changes in Net Assets Available for Benefits 3 Notes to Financial Statements 4 - 7 SUPPLEMENTAL SCHEDULE AS OF DECEMBER 31, 2000 - Schedule of Assets Held for Investment Purposes at End of Year 8 - 14 SIGNATURE 15 EXHIBIT 23: INDEPENDENT AUDITORS' CONSENT 16
4 INDEPENDENT AUDITORS' REPORT The Reynolds and Reynolds Company Tax Deferred Savings and Protection Plan: We have audited the accompanying statements of net assets available for benefits of The Reynolds and Reynolds Company Tax Deferred Savings and Protection Plan (the "Plan"), as of December 31, 2000 and 1999, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. These standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2000 and 1999, and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America. Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule, listed in the table of contents, is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the basic 2000 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole. DELOITTE & TOUCHE LLP Dayton, Ohio May 24, 2001 5 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 2000 AND 1999 -------------------------------------------------------------------------------- ASSETS 2000 1999 Investments, at fair value (Notes B and H): Common Stocks $ 2,579,286 $ 2,550,234 Money Market Fund 258,013 1,107,769 Mutual Funds 290,273,004 442,327,726 Other 16,683 20,137 Participant Loans 14,773,084 21,784,454 ------------ ------------ Total Investments 307,900,070 467,790,320 Cash 432,682 1,564,486 ------------ ------------ Total Assets 308,332,752 469,354,806 LIABILITIES Life insurance premiums payable 10,335 14,214 ------------ ------------ Total Liabilities 10,335 14,214 ------------ ------------ NET ASSETS AVAILABLE FOR BENEFITS $308,322,417 $469,340,592 ============ ============ See notes to financial statements. -2- 6 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS YEARS ENDED DECEMBER 31, 2000 AND 1999 -------------------------------------------------------------------------------- 2000 1999 ADDITIONS: Employee contributions $ 22,362,275 $ 23,268,735 Employer contributions 7,494,290 9,307,428 Rollovers 1,297,328 2,612,430 Cash values invested 127,448 33,443 Interest and dividends 37,134,081 28,432,924 Net (depreciation) appreciation in fair value of investments (32,337,460) 43,503,834 ------------- ------------- Total Additions 36,077,962 107,158,794 ------------- ------------- DEDUCTIONS: Life insurance premiums paid 127,370 149,315 Distributions to participants 33,833,847 28,400,433 Administrative expenses 794,876 480,112 ------------- ------------- Total Deductions 34,756,093 29,029,860 ------------- ------------- NET INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS BEFORE TRANSFER 1,321,869 78,128,934 TRANSFER TO OTHER PLAN (Note G) (162,340,044) NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 469,340,592 391,211,658 ------------- ------------- End of year $ 308,322,417 $ 469,340,592 ============= ============= See notes to financial statements. -3- 7 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN NOTES TO FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2000 AND 1999 -------------------------------------------------------------------------------- A. DESCRIPTION OF PLAN The following brief description of The Reynolds and Reynolds Company Tax Deferred Savings and Protection Plan (the "Plan") is provided for general information purposes only. Participants should refer to the Plan agreement for more complete information. GENERAL - The Plan is a defined contribution savings plan and is subject to provisions of the Employee Retirement Income Security Act of 1974 (ERISA). All salaried, non-union hourly and certain groups of union employees of The Reynolds and Reynolds Company (the "Company") are eligible to participate upon the first day of employment. The Plan is administered by a Committee appointed by the Company. CONTRIBUTIONS - Eligible employees may elect to become participants by contributing from 1% to 20% of their earnings through tax-deferred payroll deductions. Generally, the Company contributes 40% of the first 3% of the participant's compensation, provided that the participant contributes at least 3% of compensation to the Plan. The Company also makes an additional employer discretionary contribution ("ERD") each year to eligible employees, which is a flat dollar amount that is the same for each participant. These contributions are made at the Company's discretion and currently are based on the Company's return on equity. PARTICIPANT ACCOUNTS - Participants may elect to invest their tax-deferred and after-tax contributions in the Plan's Funds as follows: A participant's contribution may be invested in whole number multiples in the Invesco Select Income Fund, Invesco Total Return Fund, IRT International Equity Fund, IRT 500 Index Fund, Brandywine Fund, Certus Fixed Income Fund, Pimco Capital Appreciation Fund, MFS Growth Opportunities Fund, MFS Investors Growth Fund, MAS Value Advisors Fund, Neuberger & Berman Genesis Trust Fund, Neuberger & Berman Guardian Fund, Franklin Small Capital Growth I Fund, or a Participant Self-Brokered account. Income on the funds is calculated on a daily basis and expenses are allocated to participant's accounts monthly according to the ratio of an individual participant's account to the total of all participant's accounts. VESTING AND DISTRIBUTIONS - Participants' accounts, except for balances related to ERD, are fully vested at all times. Vesting in the ERD amounts is 0% until three years from the participant's hire date, at which time they become 100% vested. A participant who has reached the age of 59-1/2 may elect to withdraw all or a portion of their account. Participants may also apply for hardship withdrawals from their tax-deferred contribution accounts, subject to approval by the Plan's Committee. Distributions and withdrawals under this Plan are subject to federal income tax withholding as prescribed by Section 3405 of the Internal Revenue Code and the regulation thereunder or any other withholding required by law. -4- 8 LOANS - Participants may borrow from their account (excluding insurance) on the terms specified by the Committee. The maximum loan amount is defined in the Plan agreement and, in any case, cannot exceed the amount credited to the participant's account. A loan to a participant is funded by a reduction of the participant's 401(k) account prorated based on the current balance of each respective fund. The interest rate on loans is determined weekly by using a pooled five year certificate of deposit rate from the top 250 money centers in the country plus 1%. Interest on the loan is paid back directly into the participant's account. Loan repayments are made through payroll deductions but can be repaid in full at any time. FORFEITURE ACCOUNT - Funds that are forfeited by participants are transferred to a forfeiture hold account and invested in the Certus Fixed Income Fund. The forfeiture hold account is used to offset next year's Employer Discretionary Contribution. The account is also used to rebuild a rehired participant's account if the ERISA break-in-service rules determine the participant is entitled to any previously forfeited funds. B. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES VALUATION OF CERTUS FIXED INCOME FUND - The Plan's investment in the benefit responsive guaranteed investment contracts is valued at contract value. Contract value represents contributions made by participants and the Company, plus interest at the contract rate, less withdrawals or transfers by participants. INVESTMENT VALUATION AND INCOME RECOGNITION - Investments are stated at fair value, determined by quoted prices in an active market, of the underlying assets of the funds. Security transactions are recorded on trade dates. Gains and losses are computed using the specific-identification method. UNIVERSAL LIFE POLICIES available to the participants of the Plan are allocated life insurance contracts and, therefore, are not included in assets of the Plan. These policies cover the participant and the participant's spouse or children. ESTIMATES - The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America requires Plan management to make estimates and assumptions that affect the reported amounts of assets available for benefits and disclosure of contingent assets and liabilities at the date of the financial statements and the reported increases and decreases to the Plan's net assets available for benefits during the reporting period. Actual results could differ from the estimates. The Plan utilizes various investment instruments. Investment securities, in general, are exposed to various risks, such as interest rate, credit and overall market volatility. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the value of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefit. -5- 9 C. GUARANTEED INVESTMENT CONTRACTS CERTUS FIXED INCOME FUND - The Plan has entered into guaranteed investment contracts issued by a variety of insurance companies. Certus Asset Management is the investment manager for this Fund. At December 31, 2000, this fund includes $59,641,889 of fully benefit responsive guaranteed investment contracts with contract interest rates ranging from 5.47% to 7.64% and an average yield of 6.39% based on contract value and cash equivalents of $6,024,445. The fair value of these contracts at December 31, 1999, was $85,196,653 and cash equivalents were $11,131,711. No valuation reserves are against these contracts. D. INCOME TAX STATUS The Internal Revenue Service has determined and informed the Company by a letter dated February 20, 1996, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code (IRC). The Plan administrator believes the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC. Therefore, no provision for income taxes has been included in the Plan's financial statements. E. CASH VALUES EARNED FROM LIFE INSURANCE POLICIES Participants in the life insurance fund earned $109,242 and $123,437 in cash values from life insurance policies for the years ended December 31, 2000 and 1999, respectively. F. RELATED-PARTY TRANSACTIONS Certain Plan investments are shares of common stock of the Reynolds & Reynolds Company and shares of mutual funds managed by Invesco. The Reynolds and Reynolds Company is the Plan Sponsor and Invesco is related to Institutional Trust Company, the trustee of the Plan. These transactions qualify as party-in-interest transactions. G. TRANSFER TO OTHER PLAN During 2000, the Company sold their Information Solutions Group. This sale resulted in the participants employed by this division transferring assets of $162,340,044 to another Plan. H. INVESTMENTS The following presents investments that represent 5 percent or more of the Plan's net assets:
DECEMBER 31, 2000 DECEMBER 31, 1999 ----------------------------- ----------------------------- NUMBER CONTRACT NUMBER CONTRACT OF OR FAIR OF OR FAIR SHARES VALUE SHARES VALUE Brandywine Fund 874,886 $ 25,712,913 759,576 $ 32,570,613 Certus Fixed Income Fund 5,700,203 65,666,334 8,861,855 96,328,364 Invesco Total Return Fund 1,110,408 32,157,409 IRT 500 Index Fund 828,119 26,234,800 1,581,761 55,171,819 IRT International Equity Fund 923,231 19,313,986 1,386,843 32,244,104 MFS Growth Opportunities Fund 3,259,581 38,397,865 3,003,553 57,277,763 MFS Investor Growth Fund 1,076,506 18,451,307 1,314,389 26,721,537 Pimco Investor Capital Appreciation Fund 2,255,452 45,627,789 2,520,687 62,689,478
-6- 10 I. PLAN TERMINATION Although it has not expressed an intention to do so, the Company may amend or terminate the Plan for any reason at any time subject to the provisions of ERISA. In the event of termination of the Plan, participants are entitled to receive distributions of their account balances. * * * * * * -7- 11 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000
------------------------------------------------------------------------------------------------------------------------------ (c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Common Stocks: ABM Inds Inc. 150 shares $ 4,594 AT&T Corp 925 shares 15,956 ATG, Inc. 100 shares 78 Adaptive Broadband Corp. 300 shares 1,838 Adaptec, Inc. 200 shares 2,050 Advanced Tissue Sciences, Inc. 50 shares 152 Advanced Micro Devices, Inc. 440 shares 6,078 Agilent Tech, Inc. 100 shares 5,475 Airborne, Inc. 100 shares 975 Albertsons, Inc. 500 shares 13,250 Allstate Corp. 500 shares 21,782 Amazon.Com, Inc. 100 shares 1,556 America Online, Inc. 1,552 shares 54,010 American Electric Power Co. 100 shares 4,650 American Management Systems, Inc. 200 shares 3,963 American Tower Systems 100 shares 3,788 Amerigon, Inc. 300 shares 600 Amgen, Inc. 572 shares 36,573 Apogee Enterprises 1,000 shares 5,375 Apple Computer, Inc. 100 shares 1,488 Applied Materials, Inc. 645 shares 24,631 Arvinmeritor, Inc. 200 shares 2,275 At Home Corp 700 shares 3,872 Asyst Technologies, Inc. 100 shares 1,344 Avaya, Inc. 22 shares 227 Aviation Sales CC 100 shares 250 BMC Software, Inc. 175 shares 2,450 Ballard Power Sys, Inc. 478 shares 30,189 Bank One Corp. 300 shares 10,988 BEA Systems, Inc. 200 shares 13,463 Bio Technology General Corp. 500 shares 3,532 Biocryst Pharmaceuticals, Inc. 1,000 shares 6,625 Biogen, Inc. 100 shares 6,006 Biomira, Inc. 500 shares 2,688 Broadcom Corp 84 shares 7,056 Broadvision, Inc. 100 shares 1,181 Brocade Communications Sys, Inc. 200 shares 18,363 CVS Corp. 165 shares 9,890 Cable Design Technologies Corp. 150 shares 2,522 Caldera Sys, Inc. 600 shares 1,163 Callaway Golf Co. 80 shares 1,490 Calypte Biomedical Corp. 1,000 shares 1,047 Cambridge Technology Partners Mass, Inc. 250 shares 656 Caremark RX, Inc. 82 shares 1,112
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -8- 12 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000 --------------------------------------------------------------------------------
(c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Common Stocks (Continued): Cendant Corp. 100 shares $ 963 Check Point Software Tech Ltd. 82 shares 10,952 China Broadband Corp Ltd Adr 1,000 shares 656 Circuit City Stores, Inc. 200 shares 788 Cisco System, Inc. 8,607 shares 329,218 CitiGroup, Inc. 133 shares 6,791 Cityview Corp. Ltd. 2,500 shares 900 Coca Cola Company 300 shares 18,281 Cognex Corp. 50 shares 1,106 Communications Intelligence Corp. 1,500 shares 1,547 Compaq Computer Co. 950 shares 14,298 Computer Association Intl. 100 shares 1,950 ConAgra, Inc. 300 shares 7,800 Conexant Sys, Inc. 340 shares 5,228 Conseco, Inc. 1,000 shares 13,188 Corel Corp. 1,000 shares 1,594 Corning, Inc. 203 shares 10,721 Cyber-Care, Inc. 400 shares 850 Cytogen Corp. 1,100 shares 2,578 D R Horton, Inc. 272 shares 6,647 Dallas Semiconductor Corp. 125 shares 3,203 Dell Computer Corp. 511 shares 8,911 Delphi Automotive Systems 500 shares 5,625 Disney Walt Co. 650 shares 18,810 Dollar General Corp. 125 shares 2,359 Dover Corp. 100 shares 4,056 DSET Corp. 30 shares 54 Du Pont E I De Nemours & Co. 100 shares 4,831 E Loan, Inc. 250 shares 125 E M C Corp. 558 shares 37,107 Earthlink, Inc. 80 shares 402 El Helon Corp. 595 shares 9,557 EFunds Corp. 275 shares 2,527 Elan Corp PLC ADR 20 shares 936 Enesco GRP, Inc. 60 shares 281 Etoys, Inc. 327 shares 61 Exodus Communications, Inc. 20 shares 400 Extreme Networks, Inc. 44 shares 1,722 Fargo Electronics, Inc. 258 shares 516 Freddie Mac 100 shares 6,888 Fannie Mae 100 shares 8,675 Fedex Corp. 300 shares 11,988 Finet Holdings Corp. 3,000 shares 189 Finova Group, Inc. 3,000 shares 3,000 Firepond, Inc. 800 shares 7,550 First Union Corp 100 shares 2,781 Fonix Corp. 1,000 shares 295 Ford Motor Co. 200 shares 4,688 G & K Services, Inc. 200 shares 5,625 GAP, Inc. 150 shares 3,825
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -9- 13 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000
------------------------------------------------------------------------------------------------------------------------ (c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Common Stocks (Continued): Galileo Tech Ltd. 220 shares $ 2,970 Gateway, Inc. 25 shares 450 Genelabs Techs, Inc. 500 shares 2,047 General Communications, Inc. 1,500 shares 10,500 General Electric Company 2,408 shares 115,435 General Magic, Inc. 1,000 shares 1,406 Geron Corp. 100 shares 1,544 Glaxo Wellcome PLC Sponsored ADR 50 shares 2,800 Global Crossing Ltd. 787 shares 11,264 Hasbro, Inc. 250 shares 2,656 Hewlett-Packard Co. 200 shares 6,313 Home Depot, Inc. 25 shares 1,142 Hot Topic, Inc. 200 shares 3,288 Hyseq, Inc. 100 shares 1,438 ICG Comm, Inc. 100 shares 0 ICOS Corp. 300 shares 15,581 Imaging Tech Corp. 2,000 shares 98 Imaginon, Inc. 3,000 shares 282 Immunex Corp. 400 shares 16,250 Impco Technologies, Inc. 200 shares 2,400 Infocure Corp. 250 shares 938 Infospace Com, Inc. 116 shares 1,026 Intel Corp. 4,780 shares 143,701 Intelect Communications, Inc. 200 shares 75 Internap Network Svcs Corp. 20 shares 145 International Business Machine 231 shares 19,635 Internet Capital Group, Inc. 539 shares 1,768 Interspeed, Inc. 200 shares 56 Interwave Comm International Ltd. 225 shares 352 Iomega Corp. 5,235 shares 17,537 12 Tech, Inc. 80 shares 4,350 JDS Uniphase Corp. 277 shares 11,548 Johnson & Johnson 790 shares 83,000 Jos A Bank Clothiers, Inc. 600 shares 2,700 Juniper Networks, Inc. 256 shares 32,272 Knight Trading Group, Inc. 100 shares 1,394 Kroger Company 100 shares 2,706 Kulicke & Soffa Inds, Inc. 125 shares 1,406 LSI Logic Corp. 1,450 shares 24,781 Lanier Worldwide, Inc. 1,175 shares 3,525 Laser Vision Centers, Inc. 388 shares 631 Lernount & Hauspie Speech PRC 180 shares 0 Lexmark International Group, Inc. 100 shares 4,431 Lightpath Tech, Inc. 412 shares 5,717 Lilly Eli & Co. 100 shares 9,306 Logility, Inc. 200 shares 313 Lucent Tech, Inc. 281 shares 3,794 MBIA, Inc. 25 shares 1,853 Media Arts Group, Inc. 500 shares 2,157 Merck & Co, Inc. 25 shares 2,341 Mercury General Corp. 200 shares 8,775 Metricom, Inc. 565 shares 5,686
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -10- 14 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000
--------------------------------------------------------------------------------------------------------------------- (c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Common Stocks (Continued): Metromedia Fiber Network, Inc. 1,015 shares $ 10,277 Microsoft Corp. 2,274 shares 98,635 Microchip Tech, Inc. 375 shares 8,227 Motorola, Inc. 735 shares 14,884 NASDAQ 100 Tr Unit Ser 1 160 shares 9,340 Navisite, Inc. 200 shares 469 Network Appliance Corp. 462 shares 29,655 Network Plus Corp. 250 shares 625 New Skies Satellites N V 1,000 shares 10,125 Nexell Therapeutics, Inc. 100 shares 303 Nextell Comm, Inc. 50 shares 1,238 Niku Corp. 100 shares 731 Nokia Corp 690 shares 30,015 Nortel Networks Corp. 541 shares 17,346 Northpoint Comm Hldgs, Inc. 5,000 shares 1,720 Oracle Corporation 511 shares 14,851 Orchid Biosciences, Inc. 100 shares 1,400 Pmc-Sierra, Inc. 110 shares 8,649 Palm, Inc. 377 shares 10,674 Parker Hannifin Corp. 300 shares 13,238 Paxson Communications Corp. 500 shares 5,969 Paychex, Inc. 300 shares 14,588 Peoplesoft, Inc. 200 shares 7,438 Peregrine Pharmaceuticals, Inc. 1,819 shares 1,706 Petsmart, Inc. 1,500 shares 4,313 Pfizer, Inc. 430 shares 19,780 Pharmacia Corp. 59 shares 3,599 Priceline Com, Inc. 100 shares 131 Primus Telecomms GP 100 shares 231 Procter & Gamble Co. 710 shares 55,691 PsiNet, Inc. 1,700 shares 1,222 Qualcomm, Inc. 537 shares 44,135 Qwest Comm. International, Inc. 200 shares 8,175 RF Micro Devices, Inc. 660 shares 18,109 Rambus, Inc. 1,000 shares 36,125 Rand Cap Corp. 150 shares 328 Red Hat, Inc. 685 shares 4,281 Regent Comm, Inc. 200 shares 1,188 * Reynolds & Reynolds Company 14,121 shares 285,950 Rite Aid Corp. 2,000 shares 4,750 Safety Kleen Corp. 775 shares 58 St Jude Medical, Inc. 50 shares 3,072 Schwab Charles Corp. 150 shares 4,256 Sciclone Pharmaceutic, Inc. 150 shares 600 Senior HSG PPTYS TR 230 shares 2,142 Sensar Corp. 800 shares 350 Sherwin Williams CC 150 shares 3,947 Siebel Systems, Inc. 500 shares 33,813
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -11- 15 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000
--------------------------------------------------------------------------------------------------------------------- (c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Common Stocks (Continued): Softech, Inc. 4,000 shares $ 1,000 Solectron Corp. 100 shares 3,390 Sportmans Guide, Inc. 200 shares 138 Stemcells, Inc. 950 shares 2,375 Stmicroelectronics N V 450 shares 19,266 Sun Microsystem, Inc. 790 shares 22,021 Suntrust Banks, Inc. 200 shares 12,600 Swift Transn, Inc. 250 shares 4,953 Taiwan Semiconductor Manufacturing Co Ltd. 164 shares 2,829 Telecom Holders Tr Adr 100 shares 5,338 Teleflex, Inc. 150 shares 6,628 Teradyne, Inc. 100 shares 3,725 Terex Corp. 175 shares 2,833 Teva Pharmaceuticals Inds Ltd Adr 20 shares 1,465 Texas Instruments, Inc. 65 shares 3,079 Textron, Inc. 75 shares 3,488 3Com Corp. 120 shares 1,020 Troy Group, Inc. 270 shares 1,342 Tyco International Ltd. 590 shares 32,745 USX Marathon Group 100 shares 2,775 US Plastic Lumber Co. 200 shares 244 Universal Access, Inc. 100 shares 800 Uromed Corp. 500 shares 1,032 Urocor, Inc. 500 shares 4,375 VA Linux Sys, Inc. 201 shares 1,633 V F Corp. 100 shares 3,624 Valspar Corp. 150 shares 4,827 Veritas Software Corp. 30 shares 2,625 Verticalnet, Inc. 1,000 shares 6,656 Vignette Corp. 150 shares 2,700 Wal-Mart Stores, Inc. 149 shares 7,916 Walgreen Company 25 shares 1,045 Wendy's International, Inc. 100 shares 2,625 Werner Enterprises, Inc. 300 shares 5,100 Western Digital Corp. 500 shares 1,219 Worldcom, Inc. 1,325 shares 18,633 Xeta Corp. 200 shares 2,000 Xircom 50 shares 775 Xerox Corp. 580 shares 2,683 Xybernaut Corp. 800 shares 1,338 ---------- Total Common Stock 2,579,286 --------- Money Market Fund - SSGA Money Market Fund, 258,013 shares 258,013 ---------
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -12- 16 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000 --------------------------------------------------------------------------------
(c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Mutual Funds: Alger Capital Appreciation Class C, 11,557.2 shares $ 123,200 Alliance Technology Class A, 63.3 shares 5,750 American Century Technology, 1,117.4 shares 3,732 Berger New General Retail, 217.1 shares 3,461 Berkshire Focus Fund, 236.9 shares 7,925 Brandywine Fund, 874,886 shares 25,712,913 Certus Fixed Income, 5,700,203 shares 65,666,334 Davis New York Venture Class A, 77.1 shares 2,217 Excelsior Income Business & Indl Restructuring, 68.2 shares 2,309 Fidelity Mid Cap Stock, 122.1 shares 3,182 Spartan High Income, 1,766.9 shares 16,697 Fidelity Emerging Growth, 550.6 shares 19,918 Fidelity Four-in-One Index, 1,686.6 shares 42,013 Fidelity Blue Chip Growth, 175.9 shares 9,066 Fidelity Select Wireless Portfolio, 50.0 shares 417 Fidelity Select NWK & Infrastructure, 50.0 shares 297 Firsthand Technology Value, 725.5 shares 53,933 Franklin Small Cap Growth I, 385,323 shares 15,154,761 Harbor Capital Appreciation, 325.7 shares 11,590 IPS Millenium Fund, 162.8 shares 8,452 The Internet Fund, 50.8 shares 1,227 * Invesco Dynamics N/C, 528.9 shares 12,573 * Invesco Growth and Income N/C, 561.4 shares 8,983 * Invesco Health Sciences N/C, 195.1 shares 11,588 * Invesco Technology N/C, 670.6 shares 40,082 * Invesco Telecomm #39 N/C, 998.0 shares 36,211 * Invesco Select Fund, 918,422 shares 5,446,240 * Invesco Total Income Return, 561,475 shares 14,839,771 IRT International Equity, 923,231 shares 19,313,986 IRT 500 Index, 828,119 shares 26,234,800 Jacob Internet, 390.2 shares 823 Janus Fund, 7,325.9 shares 243,880 Janus Investment Growth & Income, 593.9 shares 20,997 Janus Investment Woldwide, 1,922.9 shares 109,339 Janus Orion Fund, 434.3 shares 3,045 Janus Global Technology, 2,309.8 shares 46,705 Janus Global Life Sciences, 2,517.3 shares 53,996 Janus Olympus, 2,266.0 shares 93,248 Janus Enterprise, 361.3 shares 19,249 Janus Investment Mercury, 5,123.7 shares 152,022 Janus Investment Balanced, 258.4 shares 5,489 Mas Value Advisor, 457,546 shares 6,753,384 Mas Mid Cap Growth Institutional, 484.9 shares 12,021 MFS Growth Opportunities, 3,259,581 shares 38,397,865 MFS Investor Growth, 1,076,506 shares 18,451,307 Managers FDS Capital Appreciation, 200.6 shares 8,587 Montag & Caldwell Growth Fund, 401.2 shares 11,167 Monument Internet, 325.8 shares 2,316 Munder Future Technology Class B, 632.1 shares 5,512 Munder Net Net Class C, 113.6 shares 3,876
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Continued) -13- 17 THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES AT END OF YEAR DECEMBER 31, 2000 --------------------------------------------------------------------------------
(c) (b) DESCRIPTION OF INVESTMENT INCLUDING (e) IDENTITY OF ISSUER, BORROWER, MATURITY DATE, RATE OF INTEREST, COLLATERAL, CURRENT (a) LESSOR OR SIMILAR PARTY PAR OR MATURITY VALUE VALUE Mutual Funds (Continued): Neuberger & Berman Genesis Trust, 58,793 shares $ 1,572,708 Neuberger & Berman Guardian Trust, 395,607 shares 4,632,552 Northeast Investors Growth Fund, 153.1 shares 3,099 Oppenheimer Main St Inc & Growth Class A, 51.0 shares 1,860 Oppenheimer Global Growth & Income Class C, 3,425.1 shares 91,316 PBHG Select Equity, 61.1 shares 2,520 PBHG Tech & Communication, 323.7 shares 11,148 PBHG Large Cap 20,322.0 shares 8,115 Pilgrim Growth Opportunity Class C, 380.4 shares 9,181 Pilgrim Growth & Value Class B, 736.6 shares 12,509 Pilgrim Growth & Value Class C, 7,037.6 shares 119,429 Pimco Investor Capital Appreciation, 2,255,452 shares 45,627,789 Putnam Fund for Growth & Income Class A, 98.6 shares 1,927 Putnam Health Sciences Trust Class M, 150.8 shares 11,962 Putnam International Growth Class B, 650.4 shares 15,735 RS Emerging Growth N/C, 847.2 shares 37,289 Red Oak Technology Select, 1,008.8 shares 21,973 Reynolds Blue Chip Growth, 295.2 shares 14,508 Rockhaven Premier Dividend Fund, 171.6 shares 2,569 Rydex OTC Fund, 3,011.6 shares 50,926 Select Technology, 154.5 shares 13,716 Select Develop Communications, 131.5 shares 3,892 Select Biotechnology, 488.3 shares 42,385 Select Brokerage & Investment Mgmt, 212.9 shares 11,314 Select Electronics, 199.7 shares 11,541 State St Research Aurura Class D, 543.5 shares 14,486 Strong Government Securities Income, 2,556.0 shares 27,068 Strong Opportunity Income, 52.4 shares 2,219 T Rowe Price Dividend Growth, 803.8 shares 17,589 T Rowe Price International New Asia, 1,210.8 shares 8,355 T Rowe Price Science & Technology, 1,015.2 shares 36,111 Thornburg Value Class A, 73.1 shares 2,296 Van Eck Asia Dynasty Class A, 188.6 shares 1,315 Vanguard US Growth Portfolio, 239.8 shares 6,633 Vanguard Growth & Income, 750.9 shares 24,076 Vanguard GNMA Fixed Income Securities, 22,187.7 shares 227,203 Vanguard Index Trust S&P 500 Portfolio, 1,055.8 shares 128,661 Vanguard Total Stock Market, 3,640.0 shares 106,507 Vanguard Growth Index, 1,184.9 shares 36,225 Warburg Pincus Japan Growth, 526.6 shares 3,666 Weitz Value, 1,068.8 shares 37,645 White Oak Growth Stock, 1,149.9 shares 72,530 -------------- Total Mutual Funds 290,273,004 -------------- Other: Cedar Fair L P Dep Unit 300 units 5,505 HRPT Properties Trust 300 units 2,269 LTC Properties, Inc. 700 units 2,494 National Health 400 units 2,950 Van Kampen Focus Portfolios Unit 242 Bandwidth, 461 units 2,296 Van Kampen Focus Portfolios Unit 242 Semiconductor, 218 units 1,169 -------------- Total Other 16,683 -------------- Participant Loans 8% - 10% 14,773,084 -------------- TOTAL $ 307,900,070 =============
* Party-in-interest. Column (d) has been omitted because it is not applicable. (Concluded) -14- 18 SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the trustees (or other persons who administer the employee benefit Plan) have caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized. THE REYNOLDS AND REYNOLDS COMPANY TAX DEFERRED SAVINGS AND PROTECTION PLAN /s/ Dale L. Medford ----------------------------------------- Dale L. Medford, Executive Vice President and Chief Financial Officer Dated: June 28, 2001 -15-