0001104659-15-003566.txt : 20150121 0001104659-15-003566.hdr.sgml : 20150121 20150121093435 ACCESSION NUMBER: 0001104659-15-003566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20150120 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150121 DATE AS OF CHANGE: 20150121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALTEVA, INC. CENTRAL INDEX KEY: 0000104777 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 141160510 STATE OF INCORPORATION: NY FISCAL YEAR END: 1220 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35724 FILM NUMBER: 15537574 BUSINESS ADDRESS: STREET 1: 401 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106 BUSINESS PHONE: 877-258-3722 MAIL ADDRESS: STREET 1: 401 MARKET STREET CITY: PHILADELPHIA STATE: PA ZIP: 19106 FORMER COMPANY: FORMER CONFORMED NAME: WARWICK VALLEY TELEPHONE CO DATE OF NAME CHANGE: 19920703 8-K 1 a15-2850_18k.htm 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): January 20, 2015

 

Alteva, Inc.

(Exact name of registrant as specified in its charter)

 

New York

 

001-35724

 

14-1160510

(State or other jurisdiction of
incorporation)

 

(Commission File Number

 

(IRS Employer Identification No.)

 

401 Market Street, First Floor
Philadelphia, Pennsylvania

 

19106

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code

(877) 258-3722

 

 

(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

 

On January 20, 2015, Alteva, Inc. (the “Company”) announced that its Board of Directors has hired an advisor to evaluate alternatives to enhance the Company’s shareholder value.  A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference in its entirety herein.

 

Safe Harbor Statement

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements, without limitation, regarding expectations, beliefs, intentions, growth, profitability, or strategies regarding the future.   Specifically, this press release contains forward looking information relating to the commencement of the strategic alternatives process.  Alteva intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Alteva’s actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: expectations of future profitability; general economic and business conditions, both nationally and in the geographic regions in which Alteva operates; industry capacity; demographic changes; technological changes and changes in consumer demand; the successful integration of Alteva’s acquired businesses; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; legislative proposals relating to the businesses in which Alteva operates; competition; or the loss of any significant ability to attract and retain qualified personnel. Given these uncertainties, current and prospective investors should be cautioned in their reliance on such forward-looking statements. There can be no assurance that the strategic alternatives process will result in one or more transactions or, if one or more transactions are undertaken, that the terms or timing of such transaction(s) will be acceptable to Alteva. Except as required by law, Alteva disclaims any obligation to update any such factors or to publicly announce the results of any revision to any of the forward-looking statements contained herein to reflect future events or developments. A more comprehensive discussion of risks, uncertainties, financial reporting restatements, and forward-looking statements may be seen in Alteva’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.

 

2



 

Item 9.01. Financial Statements and Exhibits.

 

(d)Exhibits

 

Exhibit No.

 

Description

99.1

 

Press Release, dated January 20, 2015, issued by Alteva, Inc.

 

3



 

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.

 

 

 

 

Alteva, Inc.

Date:

January 21, 2015

 

By:

/s/ Brian H. Callahan

 

 

Brian H. Callahan

 

 

Executive Vice President, Chief Financial Officer, Corporate Secretary and Treasurer

 

4



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

99.1

 

Press Release, dated January 20, 2015, issued by Alteva, Inc.

 

5


EX-99.1 2 a15-2850_1ex99d1.htm EX-99.1

Exhibit 99.1

 

GRAPHIC

 

FOR IMMEDIATE RELEASE

 

Alteva Board of Directors Announces Hiring of Advisor to Evaluate Alternatives to Enhance Shareholder Value

 

PHILADELPHIA, PA — January 20, 2015 — Alteva, Inc. (“Alteva” or the “Company”) (NYSE MKT: ALTV), a premier provider of hosted Unified Communications-as-a-Service (UCaaS), announces that the Company’s Board of Directors has hired Oppenheimer & Co. Inc. as its financial advisor to help evaluate strategic alternatives to enhance shareholder value.

 

Brian J. Kelley, Chief Executive Officer of Alteva, commented, “We continue to be focused on growing our hosted unified communications business and we see compelling long-term opportunities for Alteva.  We have received many communications from shareholders with multiple views on improving shareholder value and we are committed to ensuring we evaluate all opportunities.”

 

# # #

 

About Alteva

 

Alteva (NYSE MKT:  ALTV) is a premier provider of hosted Unified Communications as a Service (“UCaaS”) that significantly enhances business productivity and efficiency.  Alteva’s UCaaS solution integrates and optimizes best-in-class cloud-based technologies and business applications to deliver a comprehensive voice, video and collaboration service for the office and mobile workforce.  Alteva is committed to delivering meaningful value to our customers through a consistent, high quality and unified user experience across multiple devices, platforms and operating systems.  These attributes have positioned Alteva as a leading hosted communications provider and the partner of choice for a growing number of business customers nationwide and internationally.  To learn more about Alteva, please visit www.alteva.com.  You can also follow Alteva on Twitter @AltevaInc or LinkedIn.

 

Safe Harbor Statement

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements, without limitation, regarding expectations, beliefs, intentions, growth, profitability, or strategies regarding the future. Alteva intends that such forward-looking statements be subject to the safe-harbor provided by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Alteva’s actual results, performance or achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: expectations of future profitability; general economic and business conditions, both nationally and in the geographic regions in which Alteva operates; industry capacity; demographic changes; technological changes and changes in consumer demand; the

 



 

successful integration of Alteva’s acquired businesses; existing governmental regulations and changes in, or the failure to comply with, governmental regulations; legislative proposals relating to the businesses in which Alteva operates; competition; or the loss of any significant ability to attract and retain qualified personnel. Given these uncertainties, current and prospective investors should be cautioned in their reliance on such forward-looking statements. There can be no assurance that the strategic alternatives process will result in one or more transactions or, if one or more transactions are undertaken, that the terms or timing of such transaction(s) will be acceptable to Alteva. Except as required by law, Alteva disclaims any obligation to update any such factors or to publicly announce the results of any revision to any of the forward-looking statements contained herein to reflect future events or developments. A more comprehensive discussion of risks, uncertainties, financial reporting restatements, and forward-looking statements may be seen in Alteva’s Annual Report on Form 10-K and other periodic filings with the U.S. Securities and Exchange Commission.

 

Investor Contact

shareholderrelations@alteva.com

 


GRAPHIC 3 g28501mmi001.jpg GRAPHIC begin 644 g28501mmi001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#V:BBB@`HH MHH`****`"BBB@`HHHH`****`$9@JEF(``R2>UDU3Q??2Z)H\GD:=`VR\O#T=NZ+ZX[TZU\&^%=#0">`ZA<#J93 MNY^G05V4H4X:U-7V_P`SCJU)RTAHN_\`D>9W_BG6]2D+76JW!!_@20HH_`8% M4$OKI&W"=R?]HY_G7L*[W1?'R2NL&K M(L9/`G0?+^([5YIKWAUM*)GMI_M5H3]\KM=/9A_4<5%I=Z9"+:5N?X">_M6L MZ=*LO>7SZG+S5L.^:D].VZ/H-65T#HP96&00<@BG5YYX,\1/8SIIMW(3;2'$ M;,?]6WI]#7H=>)6I.E+E9]!AZZK0YEH%%%%8G0%%%%`!1110`4444`%%%%`! M1110`4444`%%%%`!1110`53U/SVM#!;.4FG/EJX_@!ZM^`S^.*N5!=S"WMGF MP,J./K3CN3+9F1/+!I5HFF:>HBCB7:2.O_Z_4UD224Z60DDDY)Y)K0TS1?M2 MB>ZR(SRJ#@M]?:N]";7Q'DURZ.C*X#*PP0>AKBM1M6T^[#19" M$[HSZ>U>VZYX1L]2B:2U`MKGJ"HPK?4?UKR[7=/ECBGMIXRDT)SM/8BO2H58 M5H^[N>-6IU<-67/\+ZCK:<7%M',.-PSQV->M>&-2.J:'!,YS*G[N3ZCO^6#7 MBFARDVCH?X7X_&O2_AQ<%H[ZW)X5DGZ?SKNQ:>(/BG=:=KEU96%G;3P0/L\R0ME MF'7H>FM.HK`V.0@#:!XC1)CB"7* MJYZ%3T_(UU]5-1TVWU.U,%PN1U5AU4^HJI8/?:BCZUR=KX'U#6M2;4_$DX4R'/V>)LG M'9<]A]*Z**47SRV1A5O)&9-=OUGF0K80-ER>DA'\(_K7K@`4````< M`"H[:V@L[=+>VB6**,85%&`!4M36JNI*_0JG34%8****Q-0HHHH`****`"BB MB@`HHHH`Q?%VMC0/#EU>A@)=NR$>KG@?EU_"O!(+2YO?/>&-I?)C,LI]%!Y) M_.NW^*^N?:]7ATF)\Q68W28[R'_`?SK;^%WAZ,>'KJ^NH\_VCF(`C_ED,@_F M<_D*]2DU0H\[W9YM5.O6Y%LCD_AMK?\`9/BB."1\07P\E\]`W\)_/C\:]OKY MRU?3YM#URYLF)62VE(5O;JI_+!KW?POK"Z]X>M+\$;W3;*/1QP?U_G6>-@G: MHNI>#GO3?0UJ;)_JV^AIU-D_U;?0UYYWGS?!_P`AB/\`Z^!_Z%7TE7S;!_R& M(_\`KX'_`*%7T'JNMZ;HD22ZE=I;)(VU"P/)_"O2QJ;<4CS\&TE)LY;Q)\3K M'1KF:QL[62[NX6*/N^1%8>_4_A76Z3=O?Z1:7DJJKSPI(P7H"1GBO`?$MS#> M^)=1NK:020RW#,CCHP)ZUZUHGC;PU:Z%86\VK0I+%;HKJ0W!"C(Z5%;#J-./ M*M2Z-=RG+F>AU]%9VE:_I6M^;_9EZESY6-^T'Y<].H]JT:X6FG9G8FFKH**Y M_5/'/AS29&BN-11Y5ZQP@R$?7'`K-C^*GAEWVF2Z0?WF@./TK14:C5U%D.K3 M3LV=E15#2];TS6HC)IU[%<@?>"-\R_4=13M4UC3]%@6?4;E;>)VVJS`D$^G% M1RN]K:E\RM>^A=HK'T_Q9H.JWBVECJ<4\[`E4`()QUZBMBDXN.C0*2>J8445 M2U36-.T6W6?4KI+:-VVJSYY/IQ0DV[(&TM67:*RM,\3Z+K-R;;3K^.XE5=Y5 M`W`]>1[UM-QDG9K42DFKIEFBN0N/B?X7@D*+ MK:C%I&E7.H3GY+>,OCU/8?B<"KE>:?%S7-D M%MHD+\R'SI\>@^Z/SR?P%:T:?M)J)E5G[.#D>>Q1W?B'7E3)>YOI^3[L>3]! M_2OH6QLXM/L8+.!<101B-1[`8KRSX2Z+]IU2XU>52@NASX.%HN;ZGE?Q)!Y,Q'J.5/Y9'X"H_A)K?D7]QHTK? M)<#S8<_WAU'XC^5>A>)](77?#UWIY`WR)F,^CCE?UKP/3[VXT?58+R(%9K64 M-M/J#R#^HK:A^^H.F]U_2,JW[JLIK9GTE39/]6WT-0V-Y#J%C!>0-NBGC#H? M8C-32?ZMOH:\RUF>CNCYO@_Y#$?_`%\#_P!"KV?Q]X8OO$]A:P6,D*-#*7;S M20,8QV%>,0?\AB/_`*^!_P"A5])5Z>+FX2A)'G82*G&46?->HV,NF:C<6,Y4 MR6\A1BIR"1Z5U5E\+]Y>'/^1:TW_KUC_]!%:5Z\X0C)=3.A1A._NI=)TN8Q6<1*2RH<&8]QG^[_.O0O&>IOI/A._NHVVR> M7L0^C,<9_6O'/!6CIKGBJTM)EW0J3+*#W5>9$"I_(UZ%+> MV5H1%-MH'=K>X3YHIHC\KCU![CU!KTNWOH_B)X"NH655OHUPR#M*.5(]C_4U'\3O M[-U'PMYT5U;27%K*K)LE4M@G:1U]P?PKE?A3J#6OBIK3=^[NX64C_:7D?U_. MNB3=6E[2WO(YTE2J^SO[K.5TJ_ET?6+:^0$26TH8CZ'D?ED5]%VUQ'=VL5S" MVZ.5`ZGU!&17B'Q#T7^Q_%4[(NV"[_?QXZ9/WA^>?SKOOA;K/]H>&S8R-F6P M?9_P`\K_`%'X4L6E4IQJHK"MPJ.FSMJ\>^+&L?;->BTV-LQV29<#^^W/\L?G M7K5[=Q6%E/=SG$<$9D8^P&:^>6-UXBU\G[UQ?W'Y%C_3^E98*%Y.;Z&F,G:* M@NIZ;\*M%:UT&XU,@+->MMB8C.$7@'\\_E7':WX>\5ZIXKDL;Q);RZ)W)+TB MV9ZCLH]J]HT^RBT[3[>R@&(X(PB_@*FEEB@C,DTB1HO5G8`#\34+$M5)32W+ M>'3IJ+>QYI9?!X&$&_U8B0]5@CX'XGK^59_B#X57>FV;W>F79O5C&YXF3:^/ M;'!KOKKQWX8M&*R:Q`S#J(\O_P"@@T_2/&6AZ[>_8].N7FFVER/*8``=\D>] M4J^(7O/;T)='#OW5OZGEOP[\23:+K\-G)(QLKQA$R$\(Y/RL/QX/UHK)U:-; M;QA=)"-BQWQV@=OGHKHKT%4:DM+F%&LZ:<7J?0,TT=O!)/*P6.-2S,>P')KY MXU_59-=UVZU!\_OI/D7T7HH_+%>J?%+7/[.\/C3XGQ-?G:<=1&/O?GP/Q->> M^`M&_MKQ7;(Z[H+<^?+Z87H/Q.*G"14(.JRL5)SFJ:.PU:XD\#?#FSL+:1H= M0O""SH<,I/S,?PX6N$_X2_Q)_P!!N]_[^FOH%XHY,>9&KXZ;AFF_9;?_`)X1 M_P#?`K"GB8Q3YHW;-IX>4GI*R/`/^$O\2?\`0;O?^_IK)EEDGE>65R\CL69F MZDGJ:^E?LMO_`,\(_P#O@5R/Q*T&._\`##W5O"HFL6\T;5P2G1A^7/X5T4\7 M!R2Y;7,*F%DHM\U[%+X3:W]JTF;2)7S):-OCS_<;_`_SKOI/]6WT-?/_`(0U MHZ#XDM;PMB(MY_L0T)(.05R"*Y\73Y*EUU-\+4YJ=NQ\X0?\ MAB/_`*^!_P"A5])5\VP?\AB/_KX'_H5?25:X[[)E@OM'SWXO_P"1NU7_`*^G M_G7N7AS_`)%K3?\`KUC_`/017AWC%2OC#50>OVES^M>S^#+^'4/">GR0N&*0 MK&X!^ZRC!!_*GBU^Z@Q85_O9(S/B>C/X*G*_PRQD_3=7#_"B1$\7LK?>>U<+ M]<@_R!KU?7=-36=$O-.8@&>(JI]#V/YXKP2PN[SPUK\=P$*7-E+AXVXSCAE/ MU&11AO?HRIK<,1[E:,WL=MXI\"^)_$'B&YU#R[;RV;;$&FY"#@=OQ_&LC_A5 M7B7_`)Y6G_?[_P"M7K&A>(=.\0V*W-C,&./GB)^>,^A%:E8_6JL/=ML;?5J< M_>ON>)_\*J\2C_EG:?\`?[_ZU;7A'P!KNC>)[/4+M+<00EMY27)Y4CICWKI_ M%GCVQ\-%;>)5O+PL-T*MC8OQ]!6OH/B+3O$=B+JPEW8XDC;AXSZ$5&_H?PK@?ASK/]D^*X4=L0W@ M\A_3)^Z?SQ^=>WSPQW-O)!*H:.52C`]P1@U\[:QITVAZY$:J4Y4F9XI.%15$>J?%76/L7AU-/C;$M\^"!_<7D_K@5S'PHT;[9KLNI MR+F.R3"9_OMQ^@S7/>*O$DOB6_AN9`5$5ND>T_WL98_B?+ZY;H/P&!3FO88?EZL(/VU?FZ(U=;U:#0](N-2N,E(%SM'5CT`_$UX M;J6L:WXQU58Y&DGDE;$-M']Q?8#^IKTWXK"0^#ODSM%S'OQZ<_UQ7&?"F>UA M\5NLY42RV[+"6_O9!('OC-3ADH4G4M=CQ#L< M2;R/QX%=IX3\%6GA1[B2&XDN99P%+NH&T#L,?YXKI:SMML>&Z[_R.E[_`-?S?^AT5G_:'N]6%S*9%W;9T?BRU\0Z_XBNKT:/J)@WE8`;9^$'`[=\9_&NY^&'AZ M;2-'GN[RW>&ZNWQLD4JRHO3(/3)R?RHHKAKU'[)06QVT::]HY/<[>BBBN`[@ MIDL:31/%(H9'4JRGN#UHHH`\$U;P=K-CJMU:P:7>3PQR$1RQP,RLO8Y`]*]< M\%W5]<^%88]1M9[>ZMU,+":,J6`'!YZ\8_*BBN^O4 ME?"E-2>XU&ZOUNF$B($EG#?-R>A/6M3QKX`B\1,;^P9(-0`PV[[LP[9]#[T4 M5QU:DH5G*)V4J<945&1Y;=:+X@\/7.^6TN[1T/$T8.W\&7BG'Q1XEND^SC5[ MZ0-QM60DG\N:**]*G+VD.:2U/.J+V<^6++NC>`O$&MS!FM9+2%CEI[D%?Q`/ M)KV'PYX.5.!^(_`445G0FX5$T:5X*4&F(+ M.&]TN[@M?,#2O+"RKM')&2.^,?C7NH&!@=***TQ51SDKD8:FH1=BIJVF6^L: M7<:?=#,4Z;3CJ/0CW!YKQ#7/!>N^';HM]GEFA1LQW5NI(]B<%JRC+E M6S%B:491YGN@M_''BN-1!%JD[GH`R!V_49K5TKPGXF\8W\=SKB*?YXQ117;B)>RC>"29QT(^U=IMV*GB'POJ-IXIN%T_1KQ[.*5?*,4#,I 34`="!S11141JMQ5RI4DI.Q__V3\_ ` end