-----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, VXZ36XTx+Of2bIePZZgEjNq+RgHLWuW9VO+dkmJk18gTEQuUC3AIhJDdUdaFgZGR iqb5u6uWW9FMcwEWUfCpIA== 0001171843-10-001085.txt : 20100609 0001171843-10-001085.hdr.sgml : 20100609 20100609160132 ACCESSION NUMBER: 0001171843-10-001085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100607 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Submission of Matters to a Vote of Security Holders ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100609 DATE AS OF CHANGE: 20100609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RIGHTNOW TECHNOLOGIES INC CENTRAL INDEX KEY: 0001111247 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 810503640 STATE OF INCORPORATION: MT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-31321 FILM NUMBER: 10887270 BUSINESS ADDRESS: STREET 1: 136 ENTERPRISE BLVD. CITY: BOZEMAN STATE: MT ZIP: 59718 BUSINESS PHONE: 406 522 2952 MAIL ADDRESS: STREET 1: 136 ENTERPRISE BLVD. CITY: BOZEMAN STATE: MT ZIP: 59718 8-K 1 f8k_060810.htm FORM 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
 
Date of Report (Date of earliest event reported)  
June 7, 2010
 
RIGHTNOW TECHNOLOGIES, INC.
(Exact Name of Registrant as Specified in Charter)
 
DELAWARE
000-31321
81-0503640
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
 
(IRS Employer
Identification No.)
136 ENTERPRISE BOULEVARD, BOZEMAN, MT
59718
(Address of Principal Executive Offices)
(Zip Code)
 
Registrant’s telephone number, including area code
(406) 522-4200
 
N/A
(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 1.01
Entry into a Material Definitive Agreement.

On June 7, 2010, RightNow Technologies, Inc. (the “Company”) granted restricted stock units (“RSUs”) to each of its directors under the Company’s 2004 Equity Incentive Plan.  The RSUs vest in equal quarterly installments over twelve months, which vesting shall accelerate in full upon a change in control of the Company through (i) a merger, consolidation or other reorganization unless securities representing more than 50% of the voting securities of the successor corporation are immediately thereafter beneficially owned in substantially the same proportion by the persons who beneficially owned the Company’s outstanding voting securities immediately prior to such transaction; (ii) the sale, transfer or other disposition of all or substanti ally all of the Company’s assets; (iii) the acquisition by any person or related group of persons (other than the Company or its affiliates) of more than 50% of the voting power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s stockholders; or (iv) a change in the composition of the Board of Directors over a period of 36 consecutive months or less such that a majority of the directors ceases, by reason of one or more contested elections for directorship, to be comprised of individuals who either (i) have been directors continuously since the beginning of such period or (ii) have been elected or nominated for election as directors during such period by at least a majority of the directors described above who were still in office at the time the Board approved such election or nomination.

The foregoing is a summary of the material terms of the RSUs and is qualified in its entirety by reference to the full text of the form of RSU, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 5.07
Submission of Matters to a Vote of Security Holders.

The Company’s 2010 annual meeting of stockholders was held on June 7, 2010. The following proposals were approved according to the following final voting results:
 
1.
To elect three directors to serve for a three-year term ending at the 2013 annual meeting of stockholders or until his successor is elected and qualified or until his earlier resignation and removal:
 
Director Candidate
 
For
Against
Withheld
Abstain
           
Greg R. Gianforte
    28,568,206   0        265,726   0
Gregory M. Avis
    16,726,016   0   12,107,916   0
Thomas W. Kendra
    28,636,160   0        197,772   0
 
Total number of broker non-votes for this proposal was 1,414,247.
 
2.
To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for 2010:
 
         
For
   
30,004,803
 
Against
   
243,376
 
Abstain
   
0
 
Broker Non-Votes
   
0
 
 
Item 9.01              Financial Statements and Exhibits.

(a)           Not Applicable.
 
(b)           Not Applicable.

(c)           Not Applicable.

(d)           Exhibits

Exhibit No.                            Description of Exhibit
 
 
10.1
Form of Restricted Stock Unit Award Agreement for Directors
 
 
 

 
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.
 
   
RIGHTNOW TECHNOLOGIES, INC.
   
(Registrant)
 
Dated:  June 9, 2010
 
/s/ Jeffrey C. Davison
   
Jeffrey C. Davison
Chief Financial Officer, Vice President and
Treasurer


EX-10 2 exh_101.htm EXHIBIT 10.1
EXHIBIT 10.1
 
RIGHTNOW TECHNOLOGIES, INC.
RESTRICTED STOCK UNIT AWARD AGREEMENT
 
This RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made this _____ day of _____, _____, by and between RightNow Technologies, Inc., a Delaware corporation (the “Company”) and _______________ (“Participant”), a non-employee member of the Company’s Board of Directors (the “Board”).
 
1. Award.  The Company hereby grants to Participant a restricted stock unit award covering  _____ shares (the “Shares”) of Common Stock, par value $0.001 per share, of the Company according to the terms and conditions set forth herein and in the RightNow Technologies 2004 Equity Incentive Plan (the “Plan”).  Each restricted stock unit (a “Unit”) represent s the right to receive one Share, subject to the vesting requirements of this Agreement and the terms of the Plan.  The Units are granted under Section 6(c) of the Plan.  A copy of the Plan will be furnished upon request of Participant.
 
2. Vesting.  Except as otherwise provided in this Agreement, the Units shall vest in accordance with the following schedule:
 
On or after each of
the following dates
 
Number of Units
Vested
     
     
     
     
     
     
3. Restrictions on Transfer.  The Units may not be sold, assigned, transferred or pledged, other than by will or the laws of descent and distribution, and any such attempted transfer shall be void.
 
4. Forfeiture; Early Vesting.  If Participant’s Board service terminates prior to vesting of the Units pursuant to Section 2 or Section 4 hereof, all of Participant’s rights to all of the unvested Units shall be immediately and irrevocably forfeited, except that if Participant’s Board service terminates by reason of a Change in Control, all Units granted hereunder shall vest as of such event.  Upon forfeiture, Participant will no longer have any rights relating to the unvested Units.
 
For purposes of this Agreement, the following terms shall have the definitions set forth below:
 
 
 

 
 (a)           “Change in Control” shall mean a change in ownership or control of the Company effected through any of the following transactions:
 
(i)           a merger, consolidation or other reorganization unless securities representing more than 50% of the total combined voting power of the voting securities of the successor corporation are immediately thereafter beneficially owned, directly or indirectly and in substantially the same proportion, by the persons who beneficially owned the Company’s outstanding voting securities immediately prior to such transaction;
 
(ii)           the sale, transfer or other disposition of all or substantially all of the Company’s assets;
 
(iii)           the acquisition, directly or indirectly by any person or related group of persons (other than the Company or a person that directly or indirectly controls, is controlled by, or is under common control with, the Company), of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than 50% of the total combined voting power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s stockholders; or
 
(iv)           a change in the composition of the Board over a period of 36 consecutive months or less such that a majority of the directors ceases, by reason of one or more contested elections for directorship, to be comprised of individuals who either (i) have been directors continuously since the beginning of such period or (ii) have been elected or nominated for election as directors during such period by at least a majority of the directors described in clause (i) who were still in office at the time the Board approved such election or nomination.
 
(c)           Following a Change in Control, “Company” shall refer to the successor corporation in the transaction.
 
(d)           “Continuing Director” shall mean any person who is a member of the Board, while such a person is a member of the Board, who is not an Acquiring Person (as hereinafter defined) or an Affiliate or Associate (as hereinafter defined) of an Acquiring Person, or a representative of an Acquiring Person or of any such Affiliate or Associate, and who (A) was a member of the Board on the date of this Agreement or (B) subsequently becomes a member of the Board, if such person's initial nomination for election or initial election to the Board is recommended or approved by a majority of the Continuing Directors.
 
(e)           “Acquiring Person” shall mean any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) who or which, together with all Affiliates and Associates of such person, is the "beneficial owner" (as defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the combined voting power of the Company's then outstanding securities, but shall not include the Company, any subsidiary of the Company; and “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 promulgated under the Exchange Act.
 
 
Page 2

 
5. Miscellaneous.
 
(a) Issuance of Shares.  As soon as administratively practicable following the Participant’s vesting date under Section 2 or Section 4 hereof, as applicable, and the Participant’s satisfaction of any required tax withholding obligations (but in no event later than 60 days following the vesting date), the Company shall cause to be issued and delivered to the Participant a certificate or certificates evidencing Shares registered in the name of the Participant (or in the name of the Participant’s legal representatives, beneficiaries or heirs, as the case may be) or to instruct the Company’s transfer agent to electronically deliver such sha res to the respective Participant.  The number of Shares issued shall equal the number of Units vested, reduced as necessary to cover applicable withholding obligations in accordance with Section 5(c) hereof.  If it is administratively impracticable to issue Shares within the time frame described above because issuances of Shares are prohibited or restricted pursuant to the policies of the Company that are reasonably designed to ensure compliance with applicable securities laws or stock exchange rules, then such issuance shall be delayed until such prohibitions or restrictions lapse.
 
(b) Rights as Shareholder.  Units are not actual Shares, but rather, represent a right to receive Shares according to the terms and conditions set forth herein and the terms of the Plan.  Accordingly, the issuance of a Unit shall not entitle the Participant to any of the rights or benefits generally accorded to stockholders unless and until a Share is actually issued under Section 5(a) hereof.
 
(c) Taxes.  You acknowledge that you will consult with your personal tax advisor regarding the applicable federal, state, local or foreign tax consequences that arise in connection with this Agreement.  In order to comply with all applicable federal, state, local or foreign income tax laws or regulations, the Company may take such action as it deems appropriate to ensure that all applicable federal, state, local or foreign payroll, withholding, income or other taxes, which are your sole and absolute responsibility, are withheld or collected from you, if and to the extent required by applicable law.
 
(d) Subject to Plan.  This Award is subject to the terms and conditions of the Plan, but the terms of the Plan shall not be considered an enlargement of any benefits under this Agreement.  In addition, this Award is subject to the rules and regulations promulgated pursuant to the Plan, now or hereafter in effect.  A copy of the Plan will be furnished upon request of the Participant.
 
(e) No Right to Continued Service.  This Agreement shall not confer on the Participant any right with respect to continuance of service to the Company, nor will it interfere in any way with the right of the Company to terminate such service at any time.
 
(f) Governing Law.  The validity, construction and effect of the Plan and the Agreement, and any rules and regulations relating to the Plan and the Agreement, shall be determined in accordance with the internal laws, and not the law of conflicts, of the State of Delaware.
 
(g) Severability.  If any provision of the Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or would disqualify the Agreement under any
 
 
Page 3

 
law deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to applicable laws, or if it cannot be so construed or deemed amended without, in the determination of the Committee, materially altering the purpose or intent of the Plan or the Agreement, such provision shall be stricken as to such jurisdiction or the Agreement, and the remainder of the Agreement shall remain in full force and effect.
 
(h) No Trust or Fund Created.  Neither the Plan nor the Agreement shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company or any Affiliate and Participant or any other person.
 
(i) Section 409A Provisions.  The payment of Shares under this Agreement are intended to be exempt from the application of section 409A of the Internal Revenue Code, as amended (“Section 409A”) by reason of the short-term deferral exemption set forth in Treasury Regulation §1.409A-1(b)(4).  Notwithstanding anything in the Plan or this Agreement to the contrary, to the extent that any amount or benefit hereunder that constitutes “deferred compensation” to the Participant under section 409A of the Internal Revenue Code, as amended (“Section 409A”) and applicable guidance thereunder is otherwise payable or distributable to the Participant under the Plan or this Agreement solely by reason of the occurrence of a Change in Control or separation from service, such amount or benefit will not be payable or distributable to the Participant by reason of such circumstance unless the Committee determines in good faith that (i) the circumstances giving rise to such Change in Control or separation from service meet the definition of a change in ownership or control or separation from service, as the case may be, in Section 409A(a)(2)(A) of the Code and applicable final regulations, or (ii) the payment or distribution of such amount or benefit would be exempt from the application of Section 409A by reason of the short-term deferral exemption or otherwise (including, but not limited to, a payment made pursuant to an involuntary separation arrangement that is exempt from Section 409A under the “short-term deferra l” exception).  Any payment or distribution that otherwise would be made to a Participant who is a specified employee as defined in Section 409A(a)(2)(B) of the Code on account of separation from service may not be made before the date which is six months after the date of the specified employee’s separation from service unless the payment or distribution is exempt from the application of Section 409A by reason of the short term deferral exemption or otherwise.
 
(j) Headings.  Headings are given to the Sections and subsections of the Agreement solely as a convenience to facilitate reference.  Such headings shall not be deemed in any way material or relevant to the construction or interpretation of the Agreement or any provision thereof.
 
 
 
 
 
 
Page 4

 
IN WITNESS WHEREOF, the Company and Participant have executed this Agreement on the date set forth in the first paragraph.
 
 
 
RIGHTNOW TECHNOLOGIES, INC.
   
  By: __________________________
 
Greg Gianforte,
Chief Executive Officer
   
   
 
PARTICIPANT
   
  _____________________________
  Print Name: ____________________
   
   
 
 
 
 
 
 Page 5

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