-----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, JKEu4JnFofx267KhMGbL4vB2QjS9C4johGeELJbkONLiBnDd2VFPGAkOp4g2AGWe paZ9rYLqiPPOEGKWqoBqIQ== 0001193125-08-033161.txt : 20080219 0001193125-08-033161.hdr.sgml : 20080218 20080219082257 ACCESSION NUMBER: 0001193125-08-033161 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080219 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080219 DATE AS OF CHANGE: 20080219 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: 08624778 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): February 19, 2008

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.)

 

50 Nagog Park, Acton, MA

  

01720

(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 8.01. Other Events.

On February 19, 2008, SeaChange International, Inc. (the “Company”) issued a press release announcing that its Board had authorized the repurchase of up to $20 million of the Company’s common stock, par value $.01 per share, through a stock repurchase program. The full text of the press release issued in connection with the announcement of the stock repurchase program is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained herein, including the exhibit attached and incorporated herein by reference, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained herein and in the accompanying exhibit shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filings.

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

The following Exhibit is furnished as part of this report:

 

Exhibit No.

  

Description

99.1    Press release issued by SeaChange International, Inc., dated February 19, 2008.

 


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/    Kevin M. Bisson        
 

Kevin M. Bisson

Chief Financial Officer, Treasurer, Secretary
and Senior Vice President, Finance and Administration

Dated: February 19, 2008


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    Press release issued by SeaChange International, Inc., dated February 19, 2008.

 

EX-99.1 2 dex991.htm PRESS RELEASE PRESS RELEASE

Exhibit 99.1

LOGO

NEWS RELEASE

 

For more information:    Media Relations:    Investor Relations:
   Jim Sheehan    Martha Schaefer
   978/897-0100 x3064    978/897-0100 x3030
   jim.sheehan@schange.com    martha.schaefer@schange.com

SEACHANGE INTERNATIONAL ANNOUNCES STOCK BUYBACK PROGRAM

ACTON, Mass. (Feb. 19, 2008)—SeaChange International, Inc. (NASDAQ: SEAC), a leading provider of software and hardware solutions for video-on-demand television, announced today that its Board of Directors has authorized the repurchase of up to $20 million of its common stock through a share repurchase program. This action will permit SeaChange to begin repurchasing shares of its common stock as market and business conditions warrant following its fiscal 2008 fourth quarter earnings release scheduled for March 13. The timing and exact number of shares purchased will be at the Company’s discretion. All repurchases, which are expected to be funded from the Company’s current cash and investments balance in excess of $80 million, may occur in open market, negotiated or block transactions. The Company does not intend to repurchase any shares from its management team or other insiders.

SeaChange may enter into Rule 10b5-1 plans to facilitate repurchases under the program. A Rule 10b5-1 plan would generally permit SeaChange to repurchase shares at times when it might otherwise be prevented from doing so under certain securities laws. This stock repurchase program does not obligate the Company to acquire any specific number of shares and may be suspended or discontinued at any time. Repurchased shares would be returned to the status of authorized but un-issued shares of common stock.

About SeaChange International

SeaChange International is a leading provider of software applications, services and integrated solutions for video-on-demand (VOD), digital advertising, and content acquisition monetization and management. Its powerful open VOD and advertising software and scaleable hardware enable cable and telco operators, as well as broadcasters, to provide new on-demand services and to gain greater efficiencies in advertising and content delivery. With its Emmy Award-winning and patented technology, thousands of SeaChange deployments are helping broadband, broadcast and satellite television companies to streamline operations, expand services and increase revenues. Headquartered in Acton, Massachusetts, SeaChange has product development, support and sales offices around the world. Visit www.schange.com.

Safe Harbor Provision

Any statements contained herein that do not describe historical facts, including without limitation statements concerning expected future filings, may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations. The factors that could cause actual future results to differ materially from current expectations include those disclosed in our filings with the Securities and Exchange Commission, including, but not limited to, the Company’s amended annual report on Form 10-K/A for the fiscal year ended January 31, 2007 and the Company’s periodic reports on Forms 10-Q and 8-K.

# # #

 

* SeaChange is a registered trademark of SeaChange International, Inc.
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