-----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, Ptgj8/AuLDXVFsjUpdfzwKsa/FzlunBeU8dDTWVrWlHb5blgBfy+HchVxUmGLLc6 9oF2deFXH+eSGQ7JAULTGg== 0001042134-08-000009.txt : 20080303 0001042134-08-000009.hdr.sgml : 20080303 20080303160814 ACCESSION NUMBER: 0001042134-08-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080229 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080303 DATE AS OF CHANGE: 20080303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHORDIANT SOFTWARE INC CENTRAL INDEX KEY: 0001042134 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 931051328 STATE OF INCORPORATION: DE FISCAL YEAR END: 0906 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-29357 FILM NUMBER: 08659830 BUSINESS ADDRESS: STREET 1: 20400 STEVENS CREEK BLVD STREET 2: SUITE 400 CITY: CUPERTINO STATE: CA ZIP: 95014 BUSINESS PHONE: 4085176100 MAIL ADDRESS: STREET 1: 20400 STEVENS CREEK BLVD STREET 2: SUITE 400 CITY: CUPERTINO STATE: CA ZIP: 95014 8-K 1 d8k.htm 8-K d8k.htm





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): March 3, 2008

CHORDIANT SOFTWARE, INC.

(Exact name of Registrant as specified in its charter)
Delaware
93-1051328
(State or other jurisdiction of incorporation)
(I.R.S. Employer Identification No.)

 Commission file number:

000-29357

20400 Stevens Creek Boulevard, Suite 400
 Cupertino, CA    95014
(Address of principal executive offices and zip code)

Registrant's telephone number, including area code: (408) 517-6100

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 March 3, 2008, Chordiant Software, Inc. (the "Company") issued a press release (the "Press Release") announcing that the Company’s Board of Directors authorized the repurchase up to $25 million of the Company’s outstanding common shares over the next twelve months.  In conjunction with the stock repurchase plan, the Company has entered into a written trading plan with a broker under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to effect the repurchases.  A copy of the Press Release is being filed as exhibit 99.1 hereto.
 
Item 9.01  Financial Statements and Exhibits.
    
  (c) Exhibits
 
     99.1 Press release issued by Chordiant Software, Inc. dated March 3, 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 hereunto duly authorized.
 
     
Dated:  March 3, 2008
CHORDIANT SOFTWARE, INC.
 
       
 
By:
/s/    STEVEN R. SPRINGSTEEL
 
   
Steven R. Springsteel
Chairman, President and Chief Executive Officer
 


EX-99.1 2 ex991.htm PRESS RELEASE ex991.htm

Chordiant Software Announces $25 Million Stock Repurchase Authorization


Cupertino, Calif.—March 3, 2008 Chordiant Software, Inc. (NASDAQ: CHRD), the leading provider of Customer Experience (Cx™) software and services, today announced that its Board of Directors has authorized the repurchase of up to $25 million of the Company’s outstanding common shares over the next twelve months.

“Chordiant’s profitable growth and near record-level cash balances give us the opportunity to invest in our Company on behalf of our shareholders,” stated Steven R. Springsteel, Chordiant’s Chairman, President and CEO. “This is the first share repurchase program in the Company’s history and we believe it is an effective way to maximize shareholder value.”

The repurchase program will be funded using the Company’s existing available cash balances. The timing, price and volume of repurchases will be based on market conditions, relevant securities laws and other factors. The repurchase program does not require the Company to repurchase any specific number of shares, and the Company may terminate the repurchase program at any time.

To effect the stock repurchase plan, the Company has entered into a written trading plan with a broker under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.  Repurchases under the trading plan are expected to go into affect as soon as March 4, 2008. A stock repurchase plan under Rule 10b5-1 is designed to permit repurchases of shares of the company’s stock at times when it otherwise might be prevented from doing so either under insider trading laws, or the company’s trading blackout periods.

Any repurchases under this trading plan will be disclosed in the Company’s future quarterly reports on Form 10-Q and annual reports on Form 10-K filed with the Securities and Exchange Commission.

About Chordiant Software, Inc.
Chordiant helps leading global brands, with high-volume customer service needs, deliver the best possible customer experience. Unlike traditional business applications, Chordiant Customer Experience (Cx) front-office solutions blend multi-channel interaction management with predictive desktop decisioning, enabling companies to capture and effectively anticipate and respond to customer behavior in all channels, in real time. For global leaders in insurance/healthcare, telecommunications and financial services, this deeper understanding cultivates a lasting, one-to-one relationship that aligns the most appropriate value proposition to each consumer. With Chordiant Cx solutions, customer loyalty, operational productivity and profitability reach new levels of return. For more information, visit Chordiant at www.chordiant.com.

Safe Harbor Statement
This news release includes "forward-looking statements" that are subject to risks, uncertainties and other factors. Forward-looking statements in this release are generally identified by words, such as "believes," "anticipates,"  "will," "would," and similar expressions which are intended to identify forward-looking statements. There are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including:  the stock repurchase program not being an effective means to maximize shareholder value.

These filings are available on a Web site maintained by the Securities and Exchange Commission at http://www.sec.gov. Chordiant does not undertake an obligation to update forward-looking or other statements in this release.

Chordiant and the Chordiant logo are registered trademarks of Chordiant Software, Inc. The Customer Experience Company and Cx are trademarks of Chordiant Software, Inc. All other trademarks and registered trademarks are the properties of their respective owners.

# # #


Chordiant Media Relations Contact
Jennifer Pettus
Eastwick Communications
(650) 480-4012
Chordiant@eastwick.com


Chordiant Investor Relations Contact
Staci Strauss-Mortenson
Integrated Corporate Relations
(203) 682-8273
staci.mortenson@icrinc.com

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-----END PRIVACY-ENHANCED MESSAGE-----