-----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, RgHyS07xoFUNd9ap7eVRoz5FEhDm/nw4rxx4BygLXX3/H7bwEsjmgZ/xTa2QDp0h hovU8XRg5FlhjVVn2vtHtg== 0001073349-09-000019.txt : 20090429 0001073349-09-000019.hdr.sgml : 20090429 20090429123044 ACCESSION NUMBER: 0001073349-09-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090429 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20090429 DATE AS OF CHANGE: 20090429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BOTTOMLINE TECHNOLOGIES INC /DE/ CENTRAL INDEX KEY: 0001073349 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 020433924 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25259 FILM NUMBER: 09778123 BUSINESS ADDRESS: STREET 1: 325 CORPORATE DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 BUSINESS PHONE: 6034360700 MAIL ADDRESS: STREET 1: 325 CORPORATE DRIVE CITY: PORTSMOUTH STATE: NH ZIP: 03801 8-K 1 q3098-k2.htm COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES q3098-k2.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): April 23, 2009
 
Bottomline Technologies (de), Inc.
(Exact Name of Registrant as Specified in Charter)
 

         
Delaware
  
000-25259
  
02-0433294
(State or Other Jurisdiction
of Incorporation)
  
(Commission File Number)
  
(IRS Employer
Identification No.)
     
325 Corporate Drive, Portsmouth, New Hampshire
  
03801
(Address of Principal Executive Offices)
  
(Zip Code)
 
Registrant’s telephone number, including area code: (603) 436-0700
 
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 (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 2.05.  Costs Associated with Exit or Disposal Activities
 
On April 23, 2009, Bottomline Technologies (de), Inc. (the “Company”) announced a plan designed to reduce its workforce by approximately 40 full time positions. The Company expects to complete this initiative during the remainder of its current fiscal year ending June 30, 2009, and currently estimates that it will record pre-tax restructuring charges arising from severance related benefits of $1.2 million, inclusive of stock compensation expense of $0.1 million, during the quarter and fiscal year ending June 30, 2009.
 

 
 
 

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.
 

 
BOTTOMLINE TECHNOLOGIES (de), INC.
  
       
Date:  April 29, 2009
By:
/s/ Kevin Donovan  
    Kevin Donovan  
   
Chief Financial Officer and Treasurer
  
       
 

 



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