-----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, Dki7+dEeKPC89ce67vBicCFB2wo3RsEtdrrI868+6PSyusGqzD4IpPG+wg6TYxzg 7byl2x/RaKvuceZE0Pwn5A== 0001085869-08-000019.txt : 20080327 0001085869-08-000019.hdr.sgml : 20080327 20080327105305 ACCESSION NUMBER: 0001085869-08-000019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080326 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080327 DATE AS OF CHANGE: 20080327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERFICIENT INC CENTRAL INDEX KEY: 0001085869 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 742853258 STATE OF INCORPORATION: DE FISCAL YEAR END: 1105 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15169 FILM NUMBER: 08713858 BUSINESS ADDRESS: STREET 1: 1120 SOUTH CAPITAL OF TEXAS HWY, STREET 2: SUITE 220, BLDG. 3 CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5125316000 MAIL ADDRESS: STREET 1: 1120 SOUTH CAPITAL OF TEXAS OF HWY STREET 2: SUITE 220, BLDG 3 CITY: AUSTIN STATE: TX ZIP: 78746 8-K 1 sharerepurchaseplan.htm FORM 8-K sharerepurchaseplan.htm






United States
Securities and Exchange Commission
Washington, DC 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)       March 26, 2008


PERFICIENT, INC.
(Exact Name of Registrant as Specified in its Charter)


Delaware
001-15169
74-2853258
(State or Other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
 
1120 South Capital of Texas Highway, Suite 220, Building 3, Austin, Texas
78746
(Address of Principal Executive Offices)
(Zip Code)
 
Registrant's telephone number, including area code    (512) 531-6000 

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:
 
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 March 26, 2008, Perficient, Inc.’s Board of Directors (the “Board”) authorized the repurchase of up to $10.0 million of the Company’s common stock (the “Stock Repurchase Program”).  A copy of the press release issued by the Company concerning the Stock Repurchase Program is furnished herewith as Exhibit 99.1 and is incorporated herein by reference in its entirety.


ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)
Exhibits.

 
99.1
Perficient, Inc. Press Release, dated March 27, 2008, announcing the Stock Repurchase Program
 
 


 

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.

 
PERFICIENT, INC.
     
Date: March 27, 2008
By:
/s/ Paul E. Martin
   
Paul E. Martin
   
Chief Financial Officer

 
 

 
 

 



 
 
Exhibit Index
 
Exhibit
 
Number
Description                                      
   
99.1
Perficient, Inc. Press Release, dated March 27, 2008, announcing the Stock Repurchase Program

 
 


 
 

 

EX-99.1 2 pressrelease_sharerepurchase.htm PRESS RELEASE DATED MARCH 27, 2008 pressrelease_sharerepurchase.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
Perficient:
Contact: Bill Davis
(314) 529-3555
bill.davis@perficient.com


PERFICIENT ANNOUNCES STOCK REPURCHASE PROGRAM

AUSTIN, Texas – March 27, 2008 – Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, today announced that its Board of Directors has authorized a program to repurchase up to $10 million of the Company’s common stock, par value $0.001 per share.

The repurchases will be at times and in amounts as the company deems appropriate and will be made through open market transactions in compliance with the Securities and Exchange Commission’s Rule 10b-18, subject to market conditions, applicable legal requirements and other factors.  The program runs through the end of 2009.  In addition to the applicable securities laws, the Company will not make any purchases during a time at which its insiders are subject to a blackout from trading in the Company’s common stock.  The Company is currently in a blackout period, which will continue through the date that is the second trading day following its next quarterly earnings release or, if later, the date on which the Company is not aware of any material, non-public information.

“We believe our stock is undervalued at these levels, and that a buyback is a smart investment for the Company,” said chairman and chief executive Jack McDonald.

About Perficient
Perficient is a leading information technology consulting firm serving Global 2000 and enterprise customers throughout North America.  Perficient’s 1,500 professionals serve clients from a network of 18 offices in North America and three offshore locations, in Eastern Europe, India and China.  Perficient helps clients use Internet-based technologies to improve productivity and competitiveness, strengthen relationships with customers, suppliers and partners and reduce information technology costs.  Perficient, traded on the NASDAQ Global Select Market(SM), is a member of the Russell 2000® index and the S&P SmallCap 600 index.  Perficient is an award-winning "Premier Level" IBM business partner, a TeamTIBCO partner, a Microsoft Gold Certified Partner, a Documentum Select Services Team Partner and an Oracle-Siebel partner. For more information, please visit www.perficient.com.

Safe Harbor Statement
Some of the statements contained in this news release that are not purely historical statements discuss future expectations or state other forward-looking information related to our share repurchase program.  Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements.  The “forward-looking” information is based on management’s current intent, belief, expectations, estimates and projections regarding our company and our industry.  You should be aware that those statements only reflect our predictions.  Actual events or results may differ substantially.  Important factors that could cause our actual results to be materially different from the forward-looking statements are disclosed under the heading “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2007.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.  This cautionary statement is provided pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  The forward-looking statements in this release are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future.


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