UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K CURRENT REPORT
Pursuant to Section 13 or 15(d) of the |
Date of Report: June 01, 2009
(Date of earliest event reported)
Forgent Networks, Inc.
(Exact name of registrant as specified in its charter)
TX
(State or other jurisdiction
of incorporation)
0-20008
(Commission File Number)
74-2415696
(IRS Employer
Identification Number)
108 Wild Basin Rd
(Address of principal executive offices)
78746
(Zip Code)
512-437-2700
(Registrant's telephone number, including area code)
Not Applicable
(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:
- 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))
- o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Item 8.01. Other Events Asure Software Cancels Special Stockholders Meeting
Item 9.01. Financial Statements and Exhibits
(a) Financial statements:
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 hereunto duly authorized.
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Dated: June 01, 2009 |
FORGENT NETWORKS, INC.
By: /s/ Jay C. Peterson |
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| Exhibit No. | Description |
| 99.1 | Press Release of Forgent Networks, Inc. dated June 01, 2009 |
AUSTIN, TX -- (Marketwire - June 01, 2009) - Asure Software (NASDAQ: ASUR) -- The Board of Directors has unanimously voted to cancel the Special Stockholders Meeting scheduled for June 2, 2009. The meeting was originally called for the purpose of allowing the stockholders to vote on the Board's proposal to privatize the company which, in the Board's estimation, would save the company in excess of $1 Million a year in expense for support and services related to being publicly traded and listed on NASDAQ. While there is in fact substantial Stockholder support for the Board's proposal, based on the total Stockholder Proxies received to date, it is apparent that the proposal will not receive sufficient votes to carry, due in large part to Stockholder concerns about the loss of liquidity. As a substantial majority of the Stockholders have now made their preference known, the Board has decided to cancel the meeting in order to save the associated expenses.
In addition, the company announced that it will hold its annual shareholder meeting on July 30, 2009.
About Asure Software
Headquartered in Austin, Texas, Asure Software (ASUR), (a d/b/a of Forgent Networks, Inc.), empowers small to mid-size organizations and divisions of large enterprises to operate more efficiently, increase worker productivity and reduce costs through a comprehensive suite of on-demand workforce management software and services. Asure's market-leading suite includes products that optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation and meeting and event management. With additional offices in Warwick, Rhode Island, Vancouver, British Columbia, and Mumbai, India, Asure serves 3,500 customers around the world. For more information, please visit www.asuresoftware.com.
Statements in this press release regarding Asure's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such risks and uncertainties include those associated with continued listing of the Company's securities on the NASDAQ Capital Market.
Investor contacts: Jay Peterson 512-437-2476 jay_peterson@asuresoftware.com Media contact: Lisa Flynn 512-437-2678 lisa_flynn@asuresoftware.com