-----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, FkAjOEX3SEO8lQe93/QFDZK2tzt86Vp1p6g+USPp817lLCbFTU50PMaZ5wiVC9BU gYsFfX8ETbPF1x7p4nmsig== 0001193125-05-140932.txt : 20050712 0001193125-05-140932.hdr.sgml : 20050712 20050712171025 ACCESSION NUMBER: 0001193125-05-140932 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050706 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050712 DATE AS OF CHANGE: 20050712 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEACHANGE INTERNATIONAL INC CENTRAL INDEX KEY: 0001019671 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 043197974 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21393 FILM NUMBER: 05950900 BUSINESS ADDRESS: STREET 1: 124 ACTON ST STREET 2: 2ND FLOOR CITY: MAYNARD STATE: MA ZIP: 01754 BUSINESS PHONE: 9788970100 MAIL ADDRESS: STREET 1: 124 ACTON ST STREET 2: SECOND FLOOR CITY: MAYNARD STATE: MA ZIP: 01754 8-K 1 d8k.htm FORM 8-K FORM 8-K

 

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): July 6, 2005

 

SEACHANGE INTERNATIONAL, INC.


(Exact Name of Registrant as Specified in its Charter)

 

DELAWARE   0-21393   04-3197974
(State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (I.R.S. Employer Identification No.)

 

124 Acton Street, Maynard, MA   01754
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number including area code: (978) 897-0100

 

No change since last report

(Former Name or 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 (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ 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 1.01. Entry into a Material Definitive Agreement.

 

On July 6, 2005, SeaChange International, Inc. (the “Company”) purchased 1,290,679 shares (the “Shares”) of Series A Preferred Stock of Casa Systems, Inc. (“Casa”) for an aggregate purchase price of $8,243,387 pursuant to a Series A Convertible Preferred Stock Purchase Agreement, dated as of July 6, 2005, between the Company and Casa. A portion of the purchase price was satisfied by the Company’s surrender and cancellation of certain promissory notes issued by Casa in favor of the Company with approximately $2,457,125.00 in principal and accrued interest outstanding. The remainder of the purchase price was paid in cash.

 

The Shares represent approximately 19.8% of the currently outstanding voting stock of Casa. The Shares are convertible at the Company’s option into shares of Casa’s Common Stock, currently on a one-for-one basis.

 

In connection with the investment, the Company has entered into agreements with Casa, its stockholders and its optionholders pursuant to which the Company has rights of first refusal on the issuance of additional shares of Casa securities or transfers of stock or options by holders. In addition, the Company has an option exercisable until January 31, 2007 to purchase all of the outstanding stock and options not owned by the Company for an aggregate of $92,000,000.

 

Casa is a Massachusetts development stage company that specializes in VOD products within the telecommunications and cable television markets. The Company has entered into a Product Supply Agreement with Casa pursuant to which the Company has the right to distribute Casa’s products through February 7, 2007. The rights are exclusive with respect to North America.

 

 

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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 thereunto duly authorized.

 

SEACHANGE INTERNATIONAL, INC.
By:   /S/    WILLIAM L. FIEDLER        
   

William L. Fiedler

Chief Financial Officer, Treasurer, Secretary and

Senior Vice President, Finance and Administration

     

Dated: July 11, 2005

 

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