<html>
<head><title>
Prepared and filed by St Ives Financial
</title>
</head>
<body bgcolor="#FFFFFF">
<page>
<p align="center"><font size="2" face="serif">UNITED STATES</font><br>
<font size="2" face="serif">SECURITIES AND EXCHANGE COMMISSION</font><br>
<font size="2" face="serif">Washington, D.C. 20549</font></p>
<p align="center"><font size="2" face="serif">FORM 8-K</font></p>
<p align="center"><font size="2" face="serif">CURRENT REPORT Pursuant</font><br>
<font size="2" face="serif">to Section 13 or 15(d) of the</font><br>
<font size="2" face="serif">Securities Exchange Act of 1934</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date of report (Date of earliest event reported) January 15, 2007</font></p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center" valign="bottom"><font size="2" face="serif">Neoware, Inc.</font></td>
  </tr>
  <tr>
    <td align="center" valign="bottom"><hr align="center" size="1" noshade>
    </td>
  </tr>
  <tr>
    <td align="center" valign="bottom"><font size="2" face="serif">(Exact Name of Registrant as Specified in
    Its Charter)</font></td>
  </tr>
</table>
<br>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr align="center" valign="bottom" bgcolor="#ffffff">
<td><font size="2" face="serif">Delaware</font></td>
<td width="31%"><font size="2" face="serif">000-21240</font></td>
<td width="38%"><font size="2" face="serif">23-2705700</font></td>
</tr>
<tr align="center" valign="bottom" bgcolor="#FFFFFF">
  <td><hr align="center" size="1" noshade>
    </td>
  <td><hr align="center" size="1" noshade>
    </td>
  <td><hr align="center" size="1" noshade>
    </td>
</tr>
<tr align="center" valign="bottom" bgcolor="#FFFFFF">
<td><font size="2" face="serif">(State or Other Jurisdiction of Incorporation)</font></td>
<td><font size="2" face="serif">(Commission File Number)</font></td>
<td><font size="2" face="serif">(IRS Employer Identification No.)</font></td>
</tr>
</table>
<br><br>
<table width="100%" cellspacing="0" cellpadding="0" align="center" border="0">
<tr valign="bottom" bgcolor="#ffffff">
<td align="left"><font size="2" face="serif">3200 Horizon Drive, King of Prussia, Pennsylvania</font></td>
<td width="18%" align="center"><font size="2" face="serif">19406</font></td>
</tr>
<tr valign="bottom" bgcolor="#FFFFFF">
  <td align="left"><hr align="center" size="1" noshade>
    </td>
  <td align="center"><hr align="center" size="1" noshade>
    </td>
</tr>
<tr valign="bottom" bgcolor="#FFFFFF">
<td align="left"><font size="2" face="serif">(Address of Principal Executive Offices)</font></td>
<td align="center"><font size="2" face="serif">(Zip Code)</font></td>
</tr>
</table>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center" valign="bottom"><font size="2" face="serif">(610) 277-8300</font></td>
  </tr>
  <tr>
    <td align="center" valign="bottom"><hr align="center" size="1" noshade>
    </td>
  </tr>
  <tr>
    <td align="center" valign="bottom"><font size="2" face="serif">(Registrant&#8217;s Telephone Number, Including
    Area Code)</font></td>
  </tr>
</table>
<br>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td><hr align="center" size="1" noshade>
    </td>
  </tr>
  <tr>
    <td align="center"><font size="2" face="serif">(Former Name or Former Address, if Changed
    Since Last Report)</font></td>
  </tr>
</table>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<img src="emptybox.gif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="left"><font size="2" face="serif">Item 5.02. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.</font></p>
<p align="left"><font size="2" face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective on January 15, 2007, Mr. Kantrowitz&#8217;s position as Executive Chairman of the Board of Directors of Neoware, Inc. (the &#8220;Company&#8221;) terminated pursuant to the terms of his Termination and Service Agreement with the Company, which was previously filed as Exhibit 10.3 to the Company&#8217;s Form 10-Q for the quarter ended September 30, 2006.  Also effective on January 15, 2007, Mr. Kantrowitz resigned from the Board of Directors of the Company.  </font></p>
<p align="center"><font face="serif" size="2">2</font></p>
<hr noshade align="center" width="100%" size="2">
<div style="page-break-before:always"></div>
<page>
<p align="center"><font size="2" face="serif"><b>SIGNATURES</b></font></p>
<p align="left"><font size="2" face="serif">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 duly authorized.</font></p>  <table width="100%" cellspacing="0" cellpadding="0" border="0">
<tr valign="top"> <td width="50%" align="left"><font size="1" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">NEOWARE</font><font size="1" face="serif">, INC.</font></td>
</tr>
<tr valign="top"> <td width="50%" align="left"><font size="1" face="serif">&nbsp;</font></td>
<td align="left"><font size="1" face="serif">&nbsp;</font></td> </tr>
<tr valign="top"> <td width="50%" align="left"><font size="1" face="serif">&nbsp;</font></td>
<td align="left"><font size="1" face="serif">&nbsp;</font></td> </tr>
<tr valign="top">
<td align="left" width="50%"><font size="2" face="serif">Dated:  January 16, 2007</font></td>
<td align="left"><font size="2" face="serif">By:<u> /S/ Keith D. Schneck</u></font></td>
</tr>
<tr valign="top">
<td width="50%" align="left"><font size="2" face="serif">&nbsp;</font></td>
<td align="left"><font size="2" face="serif">Keith D. Schneck, Executive Vice President and Chief Financial Officer</font></td>
</tr>
</table>
<p align="center"><font face="serif" size="2">3</font></p>
<hr noshade align="center" width="100%" size="2">
</body>
</html>
[{"type": "8-K", "sequence": "1", "filename": "b416794_8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 7271}]
{"company-data": {"conformed-name": "NEOWARE INC", "cik": "0000894743", "assigned-sic": "3571", "irs-number": "232705700", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-21240", "film-number": "07532454"}, "business-address": {"street1": "3200 HORIZON DR", "city": "KING OF PRUSSIA", "state": "PA", "zip": "19406", "phone": "6102778300"}, "mail-address": {"street1": "3200 HORIZON DR", "city": "KING OF PRUSSIA", "state": "PA", "zip": "19406"}, "former-company": [{"former-conformed-name": "NEOWARE SYSTEMS INC", "date-changed": "19980928"}, {"former-conformed-name": "HDS NETWORK SYSTEMS INC", "date-changed": "19950313"}, {"former-conformed-name": "INFORMATION SYSTEMS ACQUISITION CORP", "date-changed": "19930108"}]}
Prepared and filed by St Ives Financial
UNITED STATES
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
Date of report (Date of earliest event reported) January 15, 2007
Neoware, Inc.
(Exact Name of Registrant as Specified in
    Its Charter)
Delaware
000-21240
23-2705700
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3200 Horizon Drive, King of Prussia, Pennsylvania
19406
(Address of Principal Executive Offices)
(Zip Code)
(610) 277-8300
(Registrant's Telephone Number, Including
    Area Code)
(Former Name or Former Address, if Changed
    Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02.      Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
Effective on January 15, 2007, Mr. Kantrowitz's position as Executive Chairman of the Board of Directors of Neoware, Inc. (the "Company") terminated pursuant to the terms of his Termination and Service Agreement with the Company, which was previously filed as Exhibit 10.3 to the Company's Form 10-Q for the quarter ended September 30, 2006.  Also effective on January 15, 2007, Mr. Kantrowitz resigned from the Board of Directors of the Company.
2
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 duly authorized.
NEOWARE
, INC.
Dated:  January 16, 2007
By:
/S/ Keith D. Schneck
Keith D. Schneck, Executive Vice President and Chief Financial Officer
3