DOCSLIB.ORG

UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K/A x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2008 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-20008 FORGENT NETWORKS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 74-2415696 (State of other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 108 Wild Basin Road Austin, Texas 78746 (Address of Principal Executive Offices) (Zip Code) (512) 437-2700 (Registrant’s Telephone Number, including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: Common Stock, $0.01 par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes o 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 Securities Exchange Act of 1934 (“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 o Indicate by check mark if disclosure of delinquent filings pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer, as defined in Rule 12b-2 of the Exchange Act. Large accelerated filer o Accelerated filer o Non-accelerated filer o Smaller reporting company x Indicate by check mark whether the registrant is a shell company, as defined in Rule 12b-2 of the Exchange Act. Yes o No x The aggregate market value of the 23,565,315 shares of the registrant’s Common Stock held by nonaffiliates on January 31, 2008 was approximately $16,260,067. For purposes of this computation all officers, directors and 5% beneficial owners of the registrant are deemed to be affiliates. Such determination should not be deemed an admission that such officers, directors and beneficial owners are, in fact, affiliates of the registrant. At October 31, 2008 there were 31,108,839 shares of the registrant’s Common Stock, $.01 par value, issued and outstanding. Table of Contents TABLE OF CONTENTS PART I 3 Item 1. Business 3 Item 1A. Risk Factors 9 Item 2. Properties 9 Item 3. Legal Proceedings 10 Item 4. Submission of Matters to a Vote of Security Holders 11 PART II 11 Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 11 Item 6. Selected Financial Data 12 Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations 13 Item 7A. Quantitative and Qualitative Disclosures about Market Risk 24 Item 8. Financial Statements and Supplementary Data 24 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 24 Item 9A(T). Controls and Procedures 24 Item 9B. Other Information 24 PART III 25 Item 10. Directors and Executive Officers of the Registrant 25 Item 11. Executive Compensation 26 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 31 Item 13. Certain Relationships and Related Transactions 34 Item 14. Principal Accountant Fees and Services 34 PART IV 35 Item 15. Exhibits, Financial Statement Schedules 35 Signatures 2 Table of Contents PART I ITEM 1. BUSINESS GENERAL Forgent Networks, Inc. a Delaware corporation d/b/a Asure Software (“Forgent” or the “Company”), is a provider of web-based workforce management solutions and a licensor of intellectual property. The Company was incorporated in 1985 and has principal executive offices located at 108 Wild Basin Road, Austin, Texas 78746. The Company telephone number is (512) 437-2700 and the Company website is www.asuresoftware.com. The Company does not intend for information contained on its website to be part of this Annual Report on Form 10-K (the “Report”). Forgent makes available free of charge, on or through its website, its annual report on Form 10-K, its quarterly reports on Form 10-Q, its current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act, as soon as reasonably practicable after the Company electronically files such material or furnishes it to the Securities and Exchange Commission. The Company has two main business segments. First, as a software and services provider, the Company offers web-based workforce management solutions that enable organizations to manage their office environment as well as their human resource and payroll processes effectively and efficiently. Second, as a licensor of intellectual property, Forgent primarily enters into one-time intellectual property license agreements with companies for the Company’s patented technologies. In recent years, Forgent’s success was largely dependent on its ability to license and commercialize its patent portfolio and other intellectual property. However, with the conclusion of certain patent litigations in fiscal year 2007, the Company has substantially exhausted its existing patent licensing revenue sources. In September 2007, the Company announced the re-branding of its corporate name to “Asure Software.” In October 2007, Forgent acquired all of the outstanding capital stock of iSarla Inc., a Delaware corporation and application service provider that offers on-demand software solutions under the trade name “iEmployee.” These two events were designed to refocus the Company’s efforts toward the software and services business and away from the intellectual property licensing business. As a result of the iEmployee acquisition, the Company currently offers two main product lines in its software and services business: NetSimplicity and iEmployee. Forgent’s NetSimplicity product line, which is sold through a web and telesales business model, includes its flagship product, Meeting Room Manager (“MRM”), which automates the entire facility scheduling process including reserving rooms, requesting equipment, ordering food, sending invitations and reporting on the meeting environment. The Company also develops and markets NetSimplicity’s Visual Asset Manager (“VAM”) product, a web based management tool that enables companies to efficiently inventory, track and manage their fixed, mobile and IT assets across the entire organization. The iEmployee product line is sold through direct sales and resellers. iEmployee’s web-based solutions, which include Time & Attendance, Timesheets, Human Resource Benefits, Expenses and others, help simplify the HR process and improve employee productivity by managing and communicating human resources, employee benefits and payroll information. With the acquisition of iEmployee and the continued growth of its NetSimplicity product line, management believes the Company will be able to grow its software and services segment, which is the primary generator of revenues and cash flows on a going forward basis. Additional business segment information is contained elsewhere in this Report, including under Item 7 of Part II (Management’s Discussion and Analysis of Financial Condition and Results of Operations) and in the “Segment Information” footnote in the accompanying financial statements. Forgent also continues to explore other strategic growth opportunities as well as options for increasing return on shareholder value. However, uncertainties and challenges remain and there can be no assurances that Forgent’s current strategy will be successful. On February 4, 2008, Forgent received a Nasdaq deficiency letter indicating that, for 30 consecutive business days, the bid price per share of the Company’s common stock closed below the minimum $1.00 per share requirement. Therefore, the Company’s common stock was subject to potential delisting from the Nasdaq Global Market Exchange pursuant to Nasdaq Marketplace Rule 4450(a)(5). The Company was provided 180 calendar days, or until August 4, 2008, to regain compliance by maintaining a share bid price in excess of $1.00 for ten consecutive business days. Forgent worked to regain compliance through improving its operating results, but it was unable to 3 Table of Contents regain compliance with the minimum bid requirement. Consequently, Forgent applied for a transfer listing on the Nasdaq Capital Market. Nasdaq approved the application and transferred the Company’s securities to the Nasdaq Capital Market, effective September 19, 2008. As a result of this transfer, Forgent was provided an additional 180 calendar days, beginning from the original August 4, 2008 deadline, or until February 2, 2009, to regain compliance with the minimum $1.00 share bid price requirement. Due to current unprecedented market conditions, on October 16, 2008, Nasdaq suspended the enforcement of its rules requiring a minimum $1.00 share bid price for all Nasdaq-listed companies. The rules will be reinstated on January 19, 2009. Consequently, on October 22, 2008, Forgent received a Nasdaq letter extending the revised compliance deadline from February 2, 2009 to May 5, 2009. If the Company cannot achieve compliance with the minimum share price requirement by May 5, 2009, Nasdaq will provide written notification that the Company’s securities will be de-listed from the Capital Market Exchange. SOFTWARE AND SERVICES BUSINESS Products and Services As Asure Software, Forgent offers web-based workforce management solutions that enable organizations to manage their office environment as well as their human resource and payroll processes effectively and efficiently.
Load more

Recommended publications
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    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): April 22, 2004 FORGENT NETWORKS, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 0-20008 74-2415696 -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 108 Wild Basin Road Austin, Texas 78746 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (512) 437-2700 -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events and Regulation FD Disclosure. On April 22, 2004, the registrant announced that its wholly owned subsidiary, Compression Labs, Inc., had initiated litigation against 31 companies for infringement of United States Patent No. 4,698,672 (the `672 Patent) in the United States District Court for the Eastern District of Texas, Marshall Division. A copy of the registrant's press release regarding the litigation is attached hereto as Exhibit 99.1 Item 7. Financial Statements and Exhibits. (a) Not applicable. (b) Not applicable. (c) Exhibits.
    [Show full text]
  • Forgent Networks, Inc
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JANUARY 31, 2005 Commission file number 0-20008 FORGENT NETWORKS, INC. A DELAWARE CORPORATION IRS EMPLOYER ID NO. 74-2415696 108 WILD BASIN ROAD AUSTIN, TEXAS 78746 (512) 437-2700 The registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x At March 11, 2005, the registrant had outstanding 24,894,115 shares of its Common Stock, $0.01 par value. Table of Contents INDEX TO FINANCIAL STATEMENTS Page Number PART I – FINANCIAL INFORMATION Item 1 – Financial Statements Consolidated Balance Sheets as of January 31, 2005 (unaudited) and July 31, 2004 3 Unaudited Consolidated Statements of Operations for the Three and Six Months Ended January 31, 2005 and 2004 4 Unaudited Consolidated Statements of Cash Flows for the Six Months Ended January 31, 2005 and 2004 5 Notes to the Unaudited Consolidated Financial Statements 6 Item 2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations 12 Item 3 – Quantitative and Qualitative Disclosures About Market Risk 26 Item 4 – Controls and Procedures 26 PART II – OTHER INFORMATION Item 1 – Legal Proceedings 26 Item 2 – Change in Securities, Use of Proceeds and Issuer Purchases of Equity Securities 28 Item 3 – Defaults upon Senior Securities 28 Item 4 – Submission of Matters to a Vote of Security Holders 28 Item 5 – Other Information 28 Item 6 – Exhibits 28 Signatures 30 Index to Exhibits 31 2 Table of Contents FORGENT NETWORKS, INC.
    [Show full text]
  • Semiconductor Industry
    Patent Litigation and Prosecution Trends in the Semiconductor Industry Executives and engineers who know and understand the ever-changing patent landscape of the semiconductor industry are in a unique position. They sit atop it all, able to see their company in relation to others, what everybody is doing, and where best to go to protect and enhance the value of their company.1 This article discusses the indus- try’s patent litigation over the last 10 years—how many suits and when, who was involved and where—and offers insight into the future. The article similarly discusses trends in patent prosecution by examining what has been patented, how often, and by whom since 2000. 10 By todd R. MILLER lItIgAtIon trEnDs: FEDErAl DIstrIct coUrt design of advanced microprocessors, digital signal proces- In the United States, almost 900 patent lawsuits involving sors, embedded processors, and system-on-chip devices). the semiconductor industry have been filed in federal dis- Patriot Scientific and the TPL Group have formed Alliacense. trict court since 1997, with the number of filings increasing This outfit has sent notice of alleged patent infringement to each year. Indeed, there have been more suits filed halfway no fewer than 485 companies; at least 18 capitulated half- through 2007 (53 suits) than in all of 1997. Basically, in the way through 2007. last 10 years, suits have doubled. Almost 50 percent of suits in the last decade have been filed As one could surmise, many different companies have been in the Ninth Circuit, primarily in courts located in California. involved in these suits over the last decade.
    [Show full text]
  • Asure Software Inc
    ASURE SOFTWARE INC FORM 10-K (Annual Report) Filed 03/31/11 for the Period Ending 12/31/10 Address 108 WILD BASIN RD AUSTIN, TX 78746 Telephone 5124372700 CIK 0000884144 Symbol ASUR SIC Code 7373 - Computer Integrated Systems Design Industry Computer Services Sector Technology Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2011, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2010 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-20008 __________________________________________ ASURE SOFTWARE, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 74 -2415696 (State of other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 110 Wild Basin Road, Suite 100 Austin, Texas 78746 (Address of Principal Executive Offices) (Zip Code) (512) 437 -2700 (Registrant's Telephone Number, including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: Common Stock, $0.01 par value __________________________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.
    [Show full text]
  • Asure Software Inc
    ASURE SOFTWARE INC FORM 10-K (Annual Report) Filed 04/01/13 for the Period Ending 12/31/12 Address 110 WILD BASIN ROAD SUITE 100 AUSTIN, TX 78746 Telephone 5124372700 CIK 0000884144 Symbol ASUR SIC Code 7373 - Computer Integrated Systems Design Industry Computer Services Sector Technology Fiscal Year 12/31 http://www.edgar-online.com © Copyright 2013, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the calendar year ended December 31, 2012 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-20008 ASURE SOFTWARE, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 74 -2415696 (State of other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 110 Wild Basin Road, Suite 100 Austin, Texas 78746 (Address of Principal Executive Offices) (Zip Code) (512) 437 -2700 (Registrant ’s Telephone Number, including Area Code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: None SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: Common Stock, $0.01 par value Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2006 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 0-20008 FORGENT NETWORKS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 74-2415696 (State of other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 108 Wild Basin Road Austin, Texas 78746 (Address of Principal Executive Offices) (Zip Code) (512) 437-2700 (Registrant’s Telephone Number, including Area Code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 o Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Large accelerated filer o Accelerated filer o Non-accelerated filer x Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x At December 11, 2006, the registrant had outstanding 25,433,043 shares of its Common Stock, $0.01 par value.
    [Show full text]
  • The-Smartphone-Royalty-Stack-Armstrong-Mueller-Syrett.Pdf
    The Smartphone Royalty Stack: Surveying Royalty Demands for the Components Within Modern Smartphones Ann Armstrong, Joseph J. Mueller, and Timothy D. Syrett1 [WORKING PAPER2] Competition in the smartphone industry is fierce, and for smartphone suppliers, achieving profitability is highly challenging. Indeed, few suppliers are meeting the basic goal of selling devices for more than the costs incurred in supplying them.3 This article examines one category of such costs: the cumulative royalty demands for the patents claimed to cover technologies in a smartphone. The authors have years of experience studying such costs, as an in-house attorney at a supplier of components for mobile devices, and as litigators who have worked on many patent cases involving smartphones. For this article, we report only publicly-available information. To the extent that we have knowledge of confidential licensing information through our in-house or litigation work, we do not report it in this article, in any way. But, our collective experience has allowed us to effectively canvass publicly-available information to sketch the royalty landscape for smartphones. Using exclusively this public information, the article presents a “bottom-up” analysis of smartphone royalties by examining the potential royalty burden on the major technologies and components in smartphones. We are unaware of any similar study. Some studies have focused on royalties on discrete technologies (e.g., cellular communication functionality), rather than the 4 broad range of components across the entire device. Others have quantified relevant intellectual 1 Ann Armstrong is Vice President and Associate General Counsel at Intel Corp. The views expressed by Ms.
    [Show full text]
  • Human Capital Management Saas Q1 2018
    HUMAN CAPITAL MANAGEMENT SAAS Q1 2018 TABLE OF CONTENTS HIGHLIGHTS Key Takeaways M&A Activity & Multiples Sixty-five mergers and acquisitions (M&A) were announced Public Company Valuation or closed in 2017, down from the 5-year-high of 75 deals & Operating Metrics last year. Firm Overview & HCM Credentials The median revenue multiple paid for private targets decreased slightly to 5.0x in 2017, remaining near the five- SENIOR CONTRIBUTORS year-high of 5.5x set in 2016 David Michaels The median LTM revenue multiple for public HCM SaaS Head of Technology, Media & Telecom 310-929-5955 companies increased to 5.5x in 2017 from 4.6x in 2016 [email protected] The M&A window remains open with valuations favorable to Teak Murphy Director the seller although there is some risk that a market 310-746-5006 correction impacts valuation multiples longer term [email protected] www.capstoneheadwaters.com January 2018 SECTION I KEY TAKEAWAYS KEY TAKEAWAYS M&A ACTIVITY & DEAL SIZE MEDIAN VALUATION MULTIPLES MEDIAN PUBLIC COMPANY METRICS ▼ 65 deals in 2017, down from the ▼ M&A revenue multiple of 5.0x ▲ Stock price gain of 33.4% in 2017 5- year-high of 75 deals in 2016 down slightly from 5.5x in 2016 vs. 28.2% for NASDAQ ▼ Median deal size of $20.0 million, ▲ Public company revenue multiple ▼ Revenue growth of 12.7% in 2017 down from $31.0 million in 2016 of 5.5x up from 4.6x in 2016 vs. 17.1% for 2016 ▲ Public company EBITDA multiple ▲ EBITDA margin of 14.6% in 2017 of 20.1x up from 18.8x in 2016 up slightly from 14.3%
    [Show full text]
  • FORGENT NETWORKS, INC. (Exact Name of Registrant As Specified in Charter)
    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) May 19, 2005 FORGENT NETWORKS, INC. (Exact name of registrant as specified in charter) Delaware 0-20008 74-2415696 (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 108 Wild Basin Road Austin, Texas 78746 (Address of principal executive offices and zip code) (512) 437-2700 (Registrant’s telephone number, including area code) N/A (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)). Section 1 – Registrant’s Business and Operations Item 1.01 Entry into a Material Definitive Agreement On January 13, 2005, the Registrant entered into an agreement (dated January 11, 2005) with the law firm of Godwin Gruber, LLP (“Godwin”) to represent the Registrant as lead counsel in the licensing and litigation related to its United States Patent No.
    [Show full text]
  • Jaakko Nurkka Technische Universität München Junior Management
    Jaakko Nurkka Technische Universität München Junior Management Science 3(2) (2018) 121-150 Appendix Appendix A – Coding examples for event types Date Firm Event Excerpts from press release (justification for coding in bold) Type 2012- Adobe Existing "A subscription-based offering, Adobe Creative Cloud is a hub for 04-23 Inc. software, making, sharing and delivering creative work and it is centered parallel around a powerful release of Adobe Creative Suite® 6 software perpetual (see separate release), packed with innovation across its industry- offering defining design, Web, video and digital imaging tools." "Adobe continues to offer 14 CS6 point-products as well as Adobe Creative Suite 6 Design & Web Premium (US$1,899), Adobe Creative Suite 6 Design Standard (US$1,299), Adobe Creative Suite 6 Production Premium (US$1,899) and Adobe Creative Suite 6 Master Collection (US$2,599) for purchase." 2015- Splunk New "Splunk Inc. (NASDAQ: SPLK), provider of the leading software 09-22 Inc. software, platform for real-time Operational Intelligence, today announced parallel Splunk IT Service Intelligence (ITSI). ... This new solution delivers perpetual a central, unified view of critical IT services and leverages advanced offering analytics driven by machine learning to highlight anomalies, detect root cause and pinpoint areas of impact." "Splunk ITSI is in a class of its own because it provides both high- level monitoring and deep-dive troubleshooting and analytics in one solution, available as either software or a cloud service." 2006- iPass Existing “iPass Inc. (NASDAQ: IPAS) today released a significantly enhanced 05-15 Inc. software, version of its Endpoint Policy Management service.
    [Show full text]
  • Forgent Networks, Inc
    Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED APRIL 30, 2005 Commission file number 0-20008 FORGENT NETWORKS, INC. A DELAWARE CORPORATION IRS EMPLOYER ID NO. 74-2415696 108 WILD BASIN ROAD AUSTIN, TEXAS 78746 (512) 437-2700 The registrant has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and has been subject to such filing requirements for the past 90 days. Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x At June 9, 2005, the registrant had outstanding 25,167,494 shares of its Common Stock, $0.01 par value. Table of Contents INDEX Page Number PART I - FINANCIAL INFORMATION Item 1 - Financial Statements Consolidated Balance Sheets as of April 30, 2005 (unaudited) and July 31, 2004 3 Unaudited Consolidated Statements of Operations for the Three and Nine Months Ended April 30, 2005 and 2004 4 Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2005 and 2004 5 Notes to the Unaudited Consolidated Financial Statements 6 Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations 13 Item 3 - Quantitative and Qualitative Disclosures About Market Risk 28 Item 4 - Controls and Procedures 28 PART II - OTHER INFORMATION Item 1 - Legal Proceedings 28 Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds 30 Item 3 - Defaults upon Senior Securities 30 Item 4 - Submission of Matters to a Vote of Security Holders 30 Item 5 - Other Information 30 Item 6 - Exhibits 31 Signatures 32 Index to Exhibits 33 2 Table of Contents FORGENT NETWORKS, INC.
    [Show full text]
  • UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
    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) September 11, 2007 FORGENT NETWORKS, INC. (Exact name of registrant as specified in charter) Delaware 0-20008 74-2415696 (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation or organization) Identification No.) 108 Wild Basin Road Austin, Texas 78746 (Address of principal executive offices and zip code) (512) 437-2700 (Registrant’s telephone number, including area code) N/A (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): o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). Item 1.01 Entry into a Material Definitive Agreement. Forgent Networks, Inc. (“Forgent”) has entered into an agreement to acquire iSarla, Inc., a Delaware corporation doing business as “iEmployee” (“iEmployee”). Pursuant to the Agreement and Plan of Merger, dated as of September 11, 2007 (the “Merger Agreement”), by and among Forgent, Cheetah Acquisition Company, Inc., a Delaware corporation and a wholly-owned subsidiary of Forgent (“Merger Sub”), iEmployee, and the Principal Stockholders of iEmployee party thereto, Merger Sub will merge with and into iEmployee (the “Merger”).
    [Show full text]