0001069183-15-000091.txt : 20150720 0001069183-15-000091.hdr.sgml : 20150720 20150717193042 ACCESSION NUMBER: 0001069183-15-000091 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150716 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150720 DATE AS OF CHANGE: 20150717 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TASER INTERNATIONAL INC CENTRAL INDEX KEY: 0001069183 STANDARD INDUSTRIAL CLASSIFICATION: ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480] IRS NUMBER: 860741227 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16391 FILM NUMBER: 15994786 BUSINESS ADDRESS: STREET 1: 17800 N. 85TH ST. CITY: SCOTTSDALE STATE: AZ ZIP: 85255 BUSINESS PHONE: 480-991-0797 MAIL ADDRESS: STREET 1: 17800 N. 85TH ST. CITY: SCOTTSDALE STATE: AZ ZIP: 85255 8-K 1 tsracquisition.htm 8-K TSR Acquisition




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
July 16, 2015
Date of Report (Date of earliest event reported)
 
TASER International, Inc.
(Exact name of registrant as specified in its charter)
Delaware
 (State or other jurisdiction of
 incorporation)
 
001-16391
 (Commission File Number)
 
86-0741227
 (IRS Employer
 Identification No.)

17800 N. 85th St.
Scottsdale, Arizona 85255
(Address of principal executive offices, including zip code)

(480) 991-0797
(Registrant’s telephone number, including area code)

Not Applicable
(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:

 
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))
 
 











TABLE OF CONTENTS

Item 8.01 Other Events
Item 9.01 Financial Statements and Exhibits
SIGNATURE
EX-99.1


Item 8.01 Other Events

         On July 20, 2015, TASER International, Inc. ("the Company") issued a press release announcing an agreement pursuant to which its wholly owned subsidiary, TASER International BV, has acquired all of the outstanding capital stock of Tactical Safety Responses Limited, a United Kingdom ("UK") corporation ("TSR"), its licensed distributor of TASER smart weapons and body cameras in the UK on July 16, 2015. The purchase price consists of $4.0 million cash at close, and additional amounts in the form of earn-outs, subject to the achievement of defined performance metrics. This investment will help expand TASER's ability to bring key public safety technologies to its partners across the UK by growing its on-the-ground sales and support team. The acquired entity will operate under the name AXON Public Safety UK. A copy of the press release issued by the Company is attached hereto as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.


Item 9.01 Financial Statements and Exhibits
99.1
 
Press release dated July 20, 2015.





 





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: July 20, 2015
TASER International, Inc.
 
 
By:  
 /s/ DANIEL M. BEHRENDT  
 
 
 
Daniel M. Behrendt 
 
 
 
Chief Financial Officer 
 













 EX-99.1 2 tsracquisitionexhibit991.htm EXHIBIT 99.1 TSR Acquisition Exhibit 99.1


FOR RELEASE ON: July 20, 2015 at 0730 ET

CONTACT:
Sydney Siegmeth
PR Director
Media ONLY Hotline: (480) 444-4000
Press@TASER.com
TASER Acquires British Distributor TSR

Adds Sales, Engineering and Customer Support Resources to Better Serve British Police Forces

London, UK,  July 20, 2015 - TASER International (NASDAQ: TASR), the global leader in Smart Weapons, body-worn cameras and evidence management for police forces, expanded its commitment to the UK market today, announcing its wholly owned subsidiary, TASER International BV, has acquired Tactical Safety Responses Limited (TSR) -- its licensed distributor of Smart Weapons and body cameras in the UK. This investment helps expand TASER’s ability to bring key public safety technologies to its partners across the UK by growing its in country sales and support team. TSR will provide unaltered service during the transition, maintaining existing staff and services, in order to ensure that TASER’s current clientele enjoy both continuity and improved quality in its service.

Consistent with the company’s expanded mission, the UK team will operate under the name “Axon Public Safety UK.”  The company will retain the current TSR legal name until all appropriate contracts have been transitioned appropriately to the newly branded entity.

“We are deeply committed to making the Axon Platform the leading cloud, mobile and wearable technology ecosystem across the United Kingdom,” said TASER CEO and founder, Rick Smith. He further noted, “This is all about getting closer to our customers” We are decreasing the communication distance from our customers to our product developers and support teams, some of which will be moving in country. Beyond offering heightened support, we’ll now be positioned to better develop UK customer-driven solutions, from nationwide data management systems to UK specific use-of-force reporting” In preparation for this acquisition and our expanded footprint, we are adding additional sales people, customer support and field engineers,” concluded Smith.

“Having worked for more than 15 years to introduce TASER technologies to British police forces, we are excited to now become a part of this international organisation,” says Glenn Cameron, founding Director of TSR. “This investment underscores TASER International’s commitment to the UK market and our focus on delivering the best value and innovations in public safety technology to our customers.”

The acquisition is structured as an undisclosed all-cash tender with a potential earn out based on future UK product sales over a three (3) year period in excess of certain base sales revenue targets. While TSR’s operations, including service, support, and RMA, will continue to be based in Daventry, the technology and sales division will now operate out of London. In addition, TSR’s ten employees have all been offered continued employment at TASER.

TASER’s acquisition of TSR marks its second notable acquisition in recent months. The first, that of MediaSolv Solutions, found the public safety leader expanding its video options beyond body-worn cameras to include interview room cameras, CCTV and in-car camera systems. These new areas have expanded the capabilities within TASER’s recently-launched Axon Brand, which encompasses a suite of connected public safety products, from body cameras and digital evidence management to mobile applications and tools for




prosecutors. TASER’s stronger presence in the United Kingdom marks its commitment to offering British law enforcement agencies this fully connected platform of products.

TASER will discuss the acquisition, along with its second quarter financial results, on its quarterly conference call on Thursday, July 30, 2015, at 11 a.m. ET. To join the live audio presentation, please dial toll free at 877-303-9126, or for international callers, please dial 253-237-1156. The pass code is 78750469.

Connect with TASER:

•
TASER.com UK Website: http://uk.taser.com/
•
Tactical Safety Responses Limited (TSR): http://www.TacticalSafety.co.uk/
•
Facebook: https://www.facebook.com/TASER.International
•
LinkedIn: http://www.linkedin.com/company/71228
•
YouTube: http://www.youtube.com/taserinternational
•
Twitter (Axon): http://twitter.com/AxonTechnology
•
Twitter (TASER): http://www.twitter.com/OfficialTASER

About TASER International, Inc.

TASER International makes communities safer with innovative public safety technologies. Founded in 1993, TASER first transformed law enforcement with its electrical weapons. TASER continues to define smarter policing with its Axon brand which includes a growing suite of connected products and services from body cameras and digital evidence management tools to mobile apps. More than 152,000 lives and countless dollars have been saved with TASER’s products and services. Learn more at www.TASER.com and www.EVIDENCE.com or by calling (800) 978-2737.

TASER® is a registered trademark of TASER International, Inc., registered in the U.S. All rights reserved. TASER logo and AXON are trademarks of TASER International, Inc.

Note to Investors

Please visit http://investor.taser.com, www.twitter.com/taser_ir, www.twitter.com/officialtaser and https://www.facebook.com/TASER.International where TASER discloses information from time to time about the company, its financial information, and its business.

Visit our Investor Relations Safe Harbor Statement at: http://investor.taser.com/safeHarbor.cfm

For investor relations information please contact Erin Curtis by phone at 480-515-6330 or via email at IR@TASER.com.

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