-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TwBeqvOK8OYG9vqDExX/89QLT0vzVuNPbOuQCi+C324JmI82KakBvytUufbYWFFR JTe/ND7kNrFv98MReQwS5g== 0000885740-06-000002.txt : 20060308 0000885740-06-000002.hdr.sgml : 20060308 20060308112015 ACCESSION NUMBER: 0000885740-06-000002 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060308 FILED AS OF DATE: 20060308 DATE AS OF CHANGE: 20060308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SAPIENS INTERNATIONAL CORP N V CENTRAL INDEX KEY: 0000885740 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 000000000 STATE OF INCORPORATION: P8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20181 FILM NUMBER: 06672008 BUSINESS ADDRESS: STREET 1: KAYA RICHARD J BEAUJON STREET 2: WILLEMSTAD CURACAO NETHERLANDS CITY: CURACAO NETHERLANDS STATE: P8 ZIP: 4758 BUSINESS PHONE: 97289382777 MAIL ADDRESS: STREET 1: P O BOX 4011 CITY: NES ZIONA STATE: L3 ZIP: 74140 6-K 1 march2006coodeparture.htm SAPIENS REPORTS DEPARTURE OF COO SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549



FORM 6-K


Report of Foreign Issuer


Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934



For the month of March 2006


Commission File Number 000-20181


Sapiens International Corporation N.V.
(translation of registrant’s name into English)


c/o Landhuis Joonchi

Kaya Richard J. Beaujon z/n
P.O. Box 837

Willemstad
Curaçao, Netherlands Antilles
(599) (9) 7366277
(address of principal executive offices)



Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F

Form 20-F  X   Form 40-F ___


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____


Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2 (b) under the Securities Exchange Act of 1934

Yes ___  No  X


If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________.


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Sapiens Reports Departure of Chief Operating Officer


RESEARCH TRIANGLE PARK, N.C. – March 8, 2006 – Sapiens International Corporation N.V. (NASDAQ and TASE: SPNS), hereby reports that Reuven (Ruvik) Barkan will be leaving the company at the end of March, 2006.  Mr. Barkan served as Chief Operating Officer and Managing Director of Sapiens EMEA. As part of the recently implemented reorganization of the company, the position of Chief Operating Officer was eliminated.


Roni Al-Dor, President and CEO, commented "Ruvik's personality, unending devotion and creative ideas were essential to making Sapiens what it is today.  Ruvik has significantly increased our activities. He has brought many deals to the company and he has been an important figure in the development of our insurance offerings.  On behalf of everyone at Sapiens, I want to thank Ruvik for his efforts and successes for Sapiens over the years.  I wish Ruvik much success in his future activities."




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SIGNATURE


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, thereunto duly authorized.






Sapiens International Corporation N.V.

(Registrant)




Date:  March 8, 2006

By:

/s/  Andrew Treitel


Andrew Treitel

General Counsel and Corporate Secretary




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