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: Aug 10, 2009

(Date of earliest event reported)

 

Forgent Networks, Inc.

(Exact name of registrant as specified in its charter)

 

 

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))

 

 

 

Item 8.01. Other Events

 

Asure Software Announces Receipt of NASDAQ Staff Determination Letter

 

Item 9.01. Financial Statements and Exhibits

 

(a) Financial statements:

 

None

 

(b) Pro forma financial information:

 

None

 

(c) Shell company transactions:

 

None

 

(d) Exhibits

 

99.1       Press Release of Forgent Networks, Inc. dated Aug 10, 2009

 

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 hereunto duly authorized.

 

Dated: Aug 12, 2009	FORGENT NETWORKS, INC.
	By:	/s/ Jay C. Peterson
		Jay C. Peterson
		Chief Financial Officer

 

Exhibit Index

 

Exhibit No.		Description
99.1		Press Release of Forgent Networks, Inc. dated Aug 10, 2009

 

2

Exhibit 99.1

 

AUSTIN, Texas, August 10, 2009 — Asure Software (NASDAQ: ASUR) (the “Company”) today announced that it will appeal an August 5, 2009 Nasdaq Staff Determination letter indicating that the Company currently fails to comply with the Annual Meeting requirement for continued listing set forth in Listing Rule 5620(a) and that its securities are, therefore, subject to delisting from the Nasdaq Stock Market.

 

The Company has requested a hearing before a Nasdaq Listing Qualifications Panel to appeal the Staff Determination.  At the hearing, the Company intends to present a plan to the Panel to resolve the Company’s Annual Meeting requirement and regain compliance with the Marketplace Rule.

 

Although there can be no assurance the Panel will grant the Company’s request for continued listing, the Company’s hearing request has automatically stayed the delisting of the Company’s securities, which will continue to trade on Nasdaq under the ASUR symbol.

 

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, expense management, 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.

 

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

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, which include those associated with continued listing of the Company’s securities on the NASDAQ Capital Market, could cause actual results to differ from those contained in the forward-looking statements.