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Proc-Type: 2001,MIC-CLEAR
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========================================================================================================================================== UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
__________________________________________
FORM 8-K
__________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 6, 2009
Date of Report (Date of earliest event reported)
___________________________________________
GlobalSCAPE, Inc.
(Exact name of registrant as specified in its charter)
___________________________________________
Delaware |
001-33601 |
74-2785449 |
(State or other jurisdiction |
(Commission File Number) |
(IRS Employer |
4500 Lockhill Selma Road, Suite 150
San Antonio, Texas 78249
(210) 308-8267
[ ]
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 7.01. Regulation FD Disclosure
A copy of GlobalSCAPE's letter to stockholders dated March 6, 2009 has been furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein solely for purposes of this Item 7.01 disclosure. The Company will post this letter on its website at www.globalscape.com immediately after the filing of this Current Report.
Pursuant to the rules and regulations of the Securities and Exchange Commission, this exhibit and the information set forth therein are deemed to have been furnished and shall not be deemed to be "filed" under the Securities Exchange Act of 1934, as amended. The information in Item 7.01 of this Current Report, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act or the Exchange Act, regardless of any incorporation by reference language in any such filing. This Item 7.01 disclosure will not be deemed an admission as to the materiality of any information in this Item 7.01 of this Current Report that is required to be disclosed solely by Regulation FD.
Item 9.01 Financial Statements and Exhibits
(d) Exhibit
99.1 Letter to GlobalSCAPE stockholders dated March 6, 2009.
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.
GLOBALSCAPE, INC. |
|
By: |
/s/ Mendy Marsh |
Mendy Marsh, Vice President and Chief Financial Officer |
|
Dated: March 6, 2009 |
EXHIBIT INDEX
Exhibit Number |
Document Description |
|
99.1 |
Letter to GlobalSCAPE stockholders |
Exhibit 99.1
GlobalSCAPE
Stockholder Letter
March 6, 2009
Jim Morris
President and CEO
4500 Lockhill-Selma Road
San Antonio, TX 78249
Dear Stockholder:
These are unprecedented and uncertain economic times for many of our stockholders, customers and partners. However, the strong business fundamentals at GlobalSCAPE remain unchanged despite the broader economic uncertainties. Businesses, professionals, and individual consumers continue to share information and create more content than ever before. In fact, secure information exchange is a necessity for most businesses and individuals on a daily basis.
As a recognized leader in the managed file transfer (MFT) market, GlobalSCAPE offers customers distinct advantages compared to our competition. First, our full suite of solutions is widely recognized for ease of use and best-value pricing. From our initial establishment in 1996, we have evolved from a consumer products company to a powerful enterprise MFT solution provider serving both US and international corporations. Second, we have assembled a strong leadership team that has senior executive experience and prominent successes in organizations ranging from high technology start-ups to multi-billion dollar public corporations. Our executive team leads GlobalSCAPE with a healthy research and development budget and proven engineering, sales, consulting, and support teams. Finally, we continue to enjoy short and long-term financial stability with no long term debt. Our substantial cash on hand, long track record of positive earnings, and disciplined operations management position us well to sustain ou r corporate investments and execute our business plan even during these trying economic times.
I assumed my position as President and CEO of GlobalSCAPE last August. In the time since, we have moved quickly on a number of fronts to fortify our long-standing leadership position and reputation:
People: Obviously, people are our number one asset and we have restructured the organization to align our best people and leadership in ways to maximize our most promising market opportunities. Our new organization aligns with a go-to-market process that begins with market need assessments and progresses through concept exploration, proof-of-concept development, solution development and delivery and market launch. We also offer dedicated, US-based customer support and, as necessary, tailoring/tuning of our products for unique customer applications.
Products: We have intensified our focus on delivering easy to use, trusted, highly functional, and best valued products that help people and businesses share and exchange information that is important to them and their businesses. We have also put renewed emphasis on innovation.
Processes: We have thoroughly assessed the company's business practices and, as a result, we have instituted proven processes for product marketing and enhanced product development designed to accelerate new product delivery. And, we have put in place a disciplined team-focused, goal-oriented, opportunity review methodology to evaluate growth strategies and identify those that best leverage our core capabilities and market leadership.
Taken together, we have strengthened our team, remained laser focused on new product development, and have aligned the company in ways that have fortified our competitive standing and the already-solid financial footing of the company. We continue to serve our customers with excellence, and we have a loyal, committed customer base consisting of approximately 95 of the Fortune 100 and hundreds of other companies using our products worldwide.
There is no doubt that we, like most businesses today, face considerable challenges within the global economy. But challenges and uncertainties breed opportunities. We are confident we are focused on the right issues, market trends, and technologies, and have taken the right steps to best position GlobalSCAPE for continued success in these uncertain times and to capitalize on many new opportunities ahead.
We are rapidly approaching the end of the first quarter of 2009, and we expect to share more information with you on our 2008 year-end earnings conference call at the end of March. We look forward to discussing the company's 2008 performance at that time. In the meantime, if you have any questions about our company, please feel free to contact me. I always appreciate hearing from you.
I wish each of you all the best and look forward to speaking with you later this month.
Always,
Signed
Jim Morris
President and CEO
GlobalSCAPE