0001068875-15-000148.txt : 20151001 0001068875-15-000148.hdr.sgml : 20151001 20151001162118 ACCESSION NUMBER: 0001068875-15-000148 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150928 ITEM INFORMATION: Termination of a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20151001 DATE AS OF CHANGE: 20151001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLUCORA, INC. CENTRAL INDEX KEY: 0001068875 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 911718107 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25131 FILM NUMBER: 151137265 BUSINESS ADDRESS: STREET 1: 10900 NE 8TH STREET STREET 2: SUITE 800 CITY: BELLEVUE STATE: WA ZIP: 98004 BUSINESS PHONE: 4258821602 MAIL ADDRESS: STREET 1: 10900 NE 8TH STREET STREET 2: SUITE 800 CITY: BELLEVUE STATE: WA ZIP: 98004 FORMER COMPANY: FORMER CONFORMED NAME: INFOSPACE INC DATE OF NAME CHANGE: 20000428 FORMER COMPANY: FORMER CONFORMED NAME: INFOSPACE COM INC DATE OF NAME CHANGE: 19980824 8-K 1 yahootermination8-k.htm 8-K 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
September 28, 2015
Date of Report
(Date of earliest event reported)
  
 
BLUCORA, INC.
(Exact name of registrant as specified in its charter)
 

DELAWARE
000-25131
91-1718107
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
10900 NE 8th Street, Suite 800
Bellevue, Washington 98004
(Address of principal executive offices)
(425) 201-6100
Registrant’s telephone number, including area code
 
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 1.02.    Termination of Material Definitive Agreement

On September 28, 2015, as part of ongoing negotiations to enter into a new agreement, Blucora, Inc. and its subsidiary InfoSpace LLC (together, “InfoSpace”) and Yahoo! Inc. and Yahoo! EMEA Limited (together, “Yahoo”) entered into a Mutual Termination Agreement (the “Termination Agreement”), pursuant to which that certain Yahoo! Publisher Network Contract #1-23975446 effective as of January 1, 2011 between InfoSpace and Yahoo (as amended, the “Original Agreement”) will terminate effective December 31, 2015 upon the expiration of the current term. The Original Agreement would have automatically renewed for an additional one year term unless one party provided the other party with notice of non-renewal at least 90 days before the expiration of the current term. Any new agreement entered into between InfoSpace and Yahoo will supersede and replace the Original Agreement.

The foregoing description is a summary, does not purport to be a complete description of the Termination Agreement, and is qualified in its entirety by reference to the Termination Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Forward-Looking Statements
This Current Report on Form 8-K contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specifically, the statements regarding the possibility that InfoSpace may enter into a new agreement with Yahoo are forward-looking statements. There can be no assurance that InfoSpace or Yahoo will enter into a new agreement or that the terms of such new agreement will be similar to the Original Agreement. These statements are based on management’s current expectations and may be subject to various risks and uncertainties, including those risk factors included in Blucora, Inc.’s most recent Quarterly Report on Form 10-Q and subsequent reports filed with or furnished to the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and Blucora, Inc. undertakes no obligation to update any forward-looking statements to reflect new information, events, or circumstances after the date of this release or to reflect the occurrence of unanticipated events.

Item 9.01.    Financial Statements and Exhibits
10.1
 
Termination Agreement between Blucora, Inc., InfoSpace LLC, Yahoo! Inc. and Yahoo! EMEA Limited dated September 28, 2015     





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SIGNATURES
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.
 
 
BLUCORA, INC.
 
 
 
 
By
/s/ Mark A. Finkelstein
 
 
Mark A. Finkelstein
 
 
Chief Legal & Administrative Officer and Secretary
 
 
 
 
 
October 1, 2015

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EXHIBIT INDEX
 
Exhibit No
 
Description
 
 
 
10.1
 
Termination Agreement between Blucora, Inc., InfoSpace LLC, Yahoo! Inc. and Yahoo! EMEA Limited dated September 28, 2015

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EX-10.1 2 ex101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1

Mutual Termination Agreement
This Mutual Termination Agreement (“Agreement”) is dated September 28, 2015, and is between Yahoo! Inc. and Yahoo! EMEA Limited (as successor-in-interest to Yahoo! Sarl) (together, “Yahoo!”), on the one hand, and Infospace LLC (f/k/a InfoSpace Sales LLC) and Blucora, Inc. (together, “Publisher”), on the other hand.
Yahoo! and Publisher are parties to the Yahoo! Publisher Network Contract #1-23975446 effective as of January 1, 2011 (as amended, “Original Agreement”).
The current term of the Original Agreement ends on December 31, 2015, and the Original Agreement will automatically renew for an additional one year term unless a party provides the other party with notice of non-renewal at least 90 days before the expiration of the current term.
The parties are currently negotiating a new agreement, and to ensure the Original Agreement does not renew with its current terms, the parties are entering into this Agreement to terminate the Original Agreement at the end of its current term on December 31, 2015.
The parties therefore agree as follows:
1.
Original Agreement Termination. The Original Agreement will not renew for an additional one year term and will terminate at the end of its current term on December 31, 2015.
2.
Survival of Certain Obligations. Neither party waives, and each party hereby reserves, the rights it has against the other party pursuant to the Original Agreement.
3.
Law and Venue. This Agreement will be governed by California law, without regard for its conflict of law principles. Each party hereby consents to personal jurisdiction and exclusive venue in the federal and state courts located in Santa Clara County, California.
The parties are signing this Agreement on the date stated in the introductory clause.
YAHOO! INC.
By: /s/ Ian Weingarten                                      
Name: Ian Weingarten                                      
Title: SVP, Corporate Development & Partnerships
INFOSPACE LLC
By: /s/ Peter Mansour                                       
Name: Peter Mansour                                       
Title: President                                                 
YAHOO! EMEA LIMITED

By: /s/ William R. Cobane                                
Name: William R. Cobane                                
Title: Director                                                   
BLUCORA, INC. (as guarantor under Section 22 of Attachment B of the Original Agreement)
By: /s/ Eric Emans                                                
Name: Eric Emans                                                
Title: CFO