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: October 15, 2007

(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)

 

Forgent Networks, Inc.

(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

 

Registrant’s press release dated October 17, 2007, announcing Forgent Networks, Inc. (d/b/a Asure Software) regains compliance with NASDAQ listing requirements

 

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 Asure Software dated October 17, 2007

 

 

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: October 17, 2007	ASURE SOFTWARE
	By:	/s/ Jay C. Peterson
	Jay C. Peterson
	Chief Financial Officer

 

 

2

 

Exhibit Index

 

Exhibit No.		Description
99.1		Press Release of Asure Software dated October 17, 2007

 

3

Exhibit 99.1

 

Asure Software Meets NASDAQ Global Markets Listing Requirements

 

AUSTIN, TX, Oct 17, 2007 (MARKET WIRE via COMTEX News Network) — Asure Software (NASDAQ: ASUR) was notified on October 15, 2007 by NASDAQ that the company has regained bid price compliance after maintaining a share price in excess of $1.00 for ten consecutive trading days. Due to its compliance with NASDAQ Marketplace Rule 4450 (a) (5), Asure no longer faces a potential delisting from the NASDAQ Global Market Exchange.

 

“We are pleased that the market is recognizing the value of Asure Software and that the situation has corrected itself well within the timeframe allowed by NASDAQ,” commented Richard Snyder, Chairman and Chief Executive Officer of Asure Software.

 

About Asure

 

Headquartered in Austin, Texas, Asure Software (NASDAQ: 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, meeting and event management, and asset tracking and reservations. With additional offices in Seekonk, Mass., 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 Software’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company’s Annual Report or Form 10-K for the most recently ended fiscal year.

 

 

Investor contact:	News media contact:
Hala Elsherbini	Susan Tull
972-458-8000	512.577-2956
hala@halliburtonir.com	susan_tull@asuresoftware.com