-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QqSx/3K7neKSzVT0b0WEGYNcloLfOaaSiYzrFNnsIXVipBK8oCMSvNvfe+mXmYSA iG7jCgshfe9izQWr5FWsqg== /in/edgar/work/20000619/0001012870-00-003440/0001012870-00-003440.txt : 20000920 0001012870-00-003440.hdr.sgml : 20000919 ACCESSION NUMBER: 0001012870-00-003440 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000608 ITEM INFORMATION: ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000619 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VERISIGN INC/CA CENTRAL INDEX KEY: 0001014473 STANDARD INDUSTRIAL CLASSIFICATION: [7371 ] IRS NUMBER: 943221585 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-23593 FILM NUMBER: 657221 BUSINESS ADDRESS: STREET 1: 1350 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 6509617500 MAIL ADDRESS: STREET 1: 1350 CHARLESTON RD CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 8-K 1 0001.txt FORM 8-K 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): June 8, 2000 VERISIGN, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware ------------------------------------------------------ (State or other jurisdiction of incorporation) 0-23593 94-3221585 ------------ ------------------- (Commission (IRS Employer File Number) Identification No.) 1350 Charleston Road, Mountain View, CA 94043-1331 - ---------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (650) 961-7500 - -------------------------------------------------------------------------------- (Registrant's telephone number, including area code) Item 2. Acquisition or Disposition of Assets. On June 8, 2000, VeriSign, Inc. ("VeriSign") completed the acquisition of Network Solutions, Inc. ("Network Solutions"), through the merger of a wholly-owned subsidiary of VeriSign with and into Network Solutions, with Network Solutions surviving as a wholly-owned subsidiary of VeriSign (the "Merger"). The Merger is intended to be a tax-free reorganization and will be accounted for under the purchase method of accounting. In connection with the Merger, VeriSign issued approximately 78 million shares of VeriSign common stock for all of the issued and outstanding shares of Network Solutions. VeriSign also assumed Network Solutions' outstanding stock options. Each Network Solutions share was exchanged for 1.075 shares of VeriSign common stock. Each outstanding Network Solutions stock option was adjusted to reflect this exchange ratio. Stratton D. Sclavos, the President and Chief Executive Officer of VeriSign, was a member of the board of directors of Network Solutions prior to the merger. In connection with the Merger, William A. Roper, Jr. and Michael A. Daniels, directors of Network Solutions, were appointed to the board of directors of VeriSign. A press release announcing the completion of the transaction is attached as an exhibit to this report. Item 5. Other Events. On June 8, 2000, VeriSign held its annual meeting of stockholders, at which stockholders approved the Merger, an amendment to VeriSign's certificate of incorporation to increase the number of authorized shares of common stock to 1,000,000,000 shares, and an amendment to VeriSign's bylaws to increase the permitted number of directors. The Certificate of Amendment of the Third Amended and Restated Certificate of Incorporation and the Amendment to the Amended and Restated Bylaws were filed with the Securities and Exchange Commission (the "SEC") as Exhibits 4.03 and 4.04, respectively, to the VeriSign Registration Statement on Form S-8 filed with the SEC on June 14, 2000. In addition, VeriSign stockholders elected Kevin R. Compton and David J. Cowan as directors for three year terms, approved increases in the number of shares authorized for issuance under VeriSign's 1998 Equity Incentive Plan, 1998 Employee Stock Purchase Plan and 1998 Directors Stock Option Plan, and ratified the appointment of KPMG LLP as VeriSign's independent auditors for the year ending December 31, 2000. Item 7. Financial Statements and Exhibits. (a) Financial statements of business acquired. The required financial information of Network Solutions is hereby incorporated by reference to the Network Solutions Annual Report on Form 10-K for the period ended December 31, 2000, filed with the SEC on March 22, 2000 as amended on April 27, 2000 and the Network Solutions Current Report on Form 10-Q for the period ended March 31, 2000 filed with the SEC on May 15, 2000. 2 (b) Pro forma financial information. The Company intends to file by amendment the required pro forma financial statements reflecting the acquisition of all of the issued and outstanding capital stock, including stock options, of Network Solutions no later than 60 days after the date that this report on Form 8-K must be filed. (c) Exhibits. 2.1 Agreement and Plan of Merger, dated March 6, 2000, among VeriSign, Nickel Acquisition Corporation and Network Solutions (incorporated by reference to Exhibit 2.1 to the VeriSign Current Report on Form 8-K filed on March 8, 2000.) 99.1 Press Release dated June 9, 2000. 3 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 thereunto duly authorized. VERISIGN, INC. Date: June 19, 2000 By: /s/ DANA L. EVAN ----------------------------------------- Dana L. Evan Executive Vice President of Finance and Administration and Chief Financial Officer 4 Exhibit Index 99.1 Press Release dated June 9, 2000. EX-99.1 2 0002.txt PRESS RELEASE DATED JUNE 9, 2000 Exhibit 99.1 Press Release dated June 9, 2000 For Immediate Release VERISIGN COMPLETES ACQUISITION OF NETWORK SOLUTIONS MOUNTAIN VIEW, CA - June 9, 2000 - VeriSign, Inc. (Nasdaq: VRSN), the leading provider of Internet trust services, today announced the completion of its acquisition of Herndon, Va. - based Network Solutions, Inc. (Nasdaq: NSOL), the world's leading provider of Internet domain name registration and global registry services. VeriSign will issue approximately 78 million shares of VeriSign common stock for all of the issued and outstanding shares of Network Solutions. VeriSign will assume Network Solutions' outstanding employee stock options. Each Network Solutions share will be exchanged for 1.075 shares or options of VeriSign. The acquisition will be accounted for as a purchase transaction. About VeriSign VeriSign, Inc. is the leading provider of Internet trust services - including authentication, validation and payment - needed by Web sites, enterprises and electronic commerce service providers and individuals to conduct trusted and secure electronic commerce and communications over IP networks. VeriSign's trust services for enterprises and electronic commerce service providers are available through regional account representatives, resellers, and VeriSign affiliates worldwide. The company's digital certificate services for Web sites, developers and individuals are available through www.verisign.com. About Network Solutions Founded in 1979, Network Solutions, Inc. pioneered the development of registering Web addresses ending in .com, .net, .org, and .edu and is the world's leading Registrar at www.networksolutions.com with over 10 million net registrations. Network Solutions additionally plays a critical role in the infrastructure of the Internet through its Registry services. Network Solutions' Registry customers include all the accredited Registrars of domain names ending in .com, .net and .org. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the www.nsol.com Web site. CONTACT: Kathleen Ochsner, Investor Relations of VeriSign, Inc., 650-429-3512, or kochsner@verisign.com; or Media Relations, David Wright of Edelman Worldwide, 650-429-2738 or david.wright@edelman.com, for VeriSign, Inc.; or Chris Clough, 703-742-4706, or pager, 800-519-4459, or chrisc@netsol.com, or Cheryl Regan, 703-742-4847, or creagan@netsol.com, both of Network Solutions, a VeriSign, Inc. company. -----END PRIVACY-ENHANCED MESSAGE-----