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 21, 2010
ASURE SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
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Delaware | 000-20008 | 74-2415696 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
108 Wild Basin Road
Austin TX, 78746
(Address of principal executive offices and Zip Code)
(512) 437-2700
(Registrant’s telephone number, including area code)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR230.425)
[ ] 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 8.01 |
Other Events.
On January 21, 2010, Asure Software, Inc. (f/k/a Forgent Networks, Inc.) (the “Company”) issued a
press release announcing that it regained compliance with Nasdaq’s $1.00 minimum bid rule. In addition,
the Company announced that it plans to release 2Q 2010 results and host a conference call on February
10, 2010.
| Item 9.01. |
Financial Statements and Exhibits
Press Release: Asure Software Regains Compliance with Nasdaq $1.00 Minimum Bid Rule and
Announces Details of Second-Quarter Fiscal Year 2010 Earnings Release and Conference Call
(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits:
| 99.1 |
Press Release of Asure Software, Inc. dated January 21, 2010
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 hereunto duly authorized.
Date: January 21, 2010
ASURE SOFTWARE, INC.
By: /s/ David Sandberg
Name: David Sandberg
Title: Chairman of the Board
Asure Software Regains Compliance with Nasdaq $1.00 Minimum Bid Rule and Announces Details of Second-Quarter Fiscal Year 2010 Earnings Release and Conference Call
AUSTIN, TX, January 21, 2010 - Asure Software (NASDAQ: ASUR), (“the Company”) a leading provider of workforce management software, announced that on January 20, 2010, the Company received a letter from Nasdaq stating that it has regained compliance with the minimum $1.00 bid price requirement under Nasdaq Listing Rule 5550(a)(2).
Furthermore, effective January 21, 2010, the Company began trading again under the stock symbol ASUR. The Company had been temporarily trading as ASURD with the suffix character “D” to designate that the Company had undergone a reverse stock split.
Pat Goepel, the Company’s CEO, stated, “We are pleased that Asure’s shareholder’s ratification of the 10-for-1 reverse stock split at December’s annual meeting has resulted in Asure retaining its Nasdaq listing. We believe that our new management team can continue to grow and improve upon the business as we further our transformation to a full software as a service business. We look forward to building upon the success of the Company’s first-fiscal quarter and to growth in 2010.”
Finally, the Company today announced that it will release the results of its 2010 second fiscal quarter, ended December 31, 2009 on Wednesday, February 10, 2010. Asure Software has scheduled a conference call for Wednesday, February 10, 2010 at 11:00 a.m. ET (10:00 a.m. CT) to discuss its most recent financial results and outlook. Participating in the call will be Pat Goepel, Chief Executive Officer.
To take part, please dial 800-299-7089 ten minutes before the conference call begins, ask for the Asure Software event and use passcode 16877542. International callers should dial 617-801-9714 and reference the same passcode, 16877542.
Investors, analysts, media and the general public will also have the opportunity to listen to the conference call in listen-only mode via the Internet by visiting the investor relations page of Asure's web site at www.asuresoftware.com. To monitor the live call, please visit the web site at least 15 minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, an archived replay will be available shortly after the call on the investor relations page of the Company's web site at www.asuresoftware.com.
About Asure Software
Headquartered in Austin, Texas, Asure Software (f/k/a 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 could cause actual results to differ from those contained in the forward-looking statements.