-----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, UFGgK8cfTwdom42HzEHMpxlKM4VHBJfQeB1XZYdYZMBbyjIgF+FuHJNOHmA1PAuy 8ArDE2ohJgifb6zgS5PJmA== 0000950149-01-500350.txt : 20010409 0000950149-01-500350.hdr.sgml : 20010409 ACCESSION NUMBER: 0000950149-01-500350 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010330 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CRITICAL PATH INC CENTRAL INDEX KEY: 0001060801 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 911788300 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25331 FILM NUMBER: 1588862 BUSINESS ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 4158088800 MAIL ADDRESS: STREET 1: 320 FIRST STREET CITY: SAN FRNACISCO STATE: CA ZIP: 94105 8-K 1 f71222e8-k.txt FORM 8-K, DATE OF REPORT 3/30/2001 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-1004 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MARCH 30, 2001 CRITICAL PATH, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
CALIFORNIA 000-25331 91-1788300 (STATE OR OTHER JURISDICTION OF COMMISSION FILE NUMBER (I.R.S. EMPLOYER INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
532 FOLSOM STREET SAN FRANCISCO, CA 94105 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) 415-808-8800 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) 2 ITEM 5. OTHER EVENTS On March 30, 2001, Critical Path, Inc. issued a press release announcing its Board of Directors had approved the adoption of a Shareholder Rights Plan. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits. Exhibit 99.1 Press Release of Critical Path, Inc. dated March 30, 2001 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act or 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Critical Path, Inc. (Registrant) Date: March 30, 2001 By: /s/ Lawrence P. Reinhold ------------------------- Lawrence P. Reinhold Executive Vice President and Chief Financial Officer 4
EXHIBIT INDEX Exhibit Number - ------- 99.1 Press release of Critical Path, Inc. dated March 30, 2001.
EX-99.1 2 f71222ex99-1.txt PRESS RELEASE 1 CRITICAL PATH ADOPTS SHAREHOLDER RIGHTS PLAN San Francisco, CA., (March 30, 2001) -- Critical Path, Inc. (NASDAQ: CPTH) announced today that its Board of Directors has adopted a Shareholder Rights Plan. Under the plan, Rights will be distributed as a dividend at the rate of one Right for each share of the company's common stock held by shareholders of record as of the close of business on May 15, 2001. The Rights Plan is designed to prevent an acquirer from gaining control of Critical Path without offering a fair and adequate price and terms to all of Critical Path's shareholders. The Rights Plan is intended to increase Critical Path's ability to negotiate with potential acquiring companies to maximize shareholder value and is not intended to interfere with takeover offers or other strategic alternatives that the company's Board of Directors believes are in the shareholders' best interests. The Rights Plan was not adopted in response to any attempt to acquire the company. Under the plan, each Right will entitle shareholders to purchase a fractional share of the company's preferred stock for $25.00. Initially, the Rights will not be exercisable and will trade with Critical Path's common stock. Generally, the Rights may become exercisable if a person or group acquires beneficial ownership of 15 percent or more of Critical Path's common stock or commences a tender or exchange offer upon consummation of which such person or group would beneficially own 15 percent or more of Critical Path's common stock. -1- 2 Further details of the Rights Plan are outlined in a letter that will be mailed to shareholders as of the record date. Additionally, a copy of the Rights Plan will be filed shortly with the Securities and Exchange Commission. About Critical Path Critical Path, Inc. (NASDAQ: CPTH) ignites the power of information for eBusiness by providing the Internet messaging infrastructure upon which the new economy is built. The Company is a single resource that powers the flow of mission-critical information through an integrated portfolio of secure messaging, directory, data integration and collaboration solutions. Critical Path's technology strengthens all aspects of the eBusiness value chain by providing the messaging infrastructure that fuels customers' new and existing eBusiness initiatives. Critical Path is headquartered in San Francisco, with offices worldwide. More information on Critical Path can be found at www.cp.net. # # #
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