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): July 26, 2013
SHFL entertainment, Inc.
(Exact name of Registrant as specified in its charter)
Minnesota | 0-20820 | 41-1448495 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
1106 Palms Airport Drive, Las Vegas, Nevada | 89119 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (702) 897-7150
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) |
x | 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 8.01. | Other Events. |
On July 26, 2013, SHFL entertainment, Inc., a Minnesota corporation (the Company), distributed a letter to employees, a copy of which is attached hereto as an exhibit and incorporated herein by reference:
| Letter to Employees (Exhibit 99.1) |
Forward Looking Statements
This communication may contain forward-looking statements. Forward-looking statements may be typically identified by such words as may, will, should, expect, anticipate, plan, likely, believe, estimate, project, intend, and other similar expressions among others. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, any or all of our forward-looking statements may prove to be incorrect. Consequently, no forward-looking statements may be guaranteed and there can be no assurance that the actual results or developments anticipated by such forward looking statements will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, SHFL entertainment, Inc. (the Company) or its business or operations. Factors which could cause our actual results to differ from those projected or contemplated in any such forward-looking statements include, but are not limited to, the following factors: (1) the risk that the conditions to the closing of the merger are not satisfied (including a failure of the shareholders of the Company to approve, on a timely basis or otherwise, the merger and the risk that regulatory approvals required for the merger are not obtained, on a timely basis or otherwise, or are obtained subject to conditions that are not anticipated); (2) litigation relating to the merger; (3) uncertainties as to the timing of the consummation of the merger and the ability of each of the Company and Bally Technologies, Inc. (Bally) to consummate the merger; (4) risks that the proposed transaction disrupts the current plans and operations of the Company; (5) the ability of the Company to retain and hire key personnel; (6) competitive responses to the proposed merger; (7) unexpected costs, charges or expenses resulting from the merger; (8) the failure by Bally to obtain the necessary debt financing arrangements set forth in the commitment letter received in connection with the merger; (9) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger; and (10) legislative, regulatory and economic developments. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in the Companys most recent Annual Report on Form 10-K for the year ended October 31, 2012, and our more recent reports filed with the U.S. Securities and Exchange Commission (the SEC). The Company can give no assurance that the conditions to the Merger will be satisfied. Except as required by applicable law, the Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
This communication is being made in respect of the proposed transaction involving the Company and Bally. The proposed transaction will be submitted to the shareholders of the Company for their consideration. In connection with the proposed transaction, the Company will prepare a proxy statement to be filed with the SEC. The Company and Bally also plan to file with the SEC other documents regarding the proposed transaction. THE COMPANYS SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. When completed, a definitive proxy statement and a form of proxy will be mailed to the shareholders of the Company. The Companys shareholders will be able to obtain, without charge, a copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SECs website at http://www.sec.gov. The Companys shareholders will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by going to the Companys Investor Relations website page at http://ir.shufflemaster.com or by contacting Investor Relations by mail to SHFL entertainment, Inc., Attn: Investor Relations, 1106 Palms Airport Drive, Las Vegas, NV 89119, or by phone at (702) 897-7150.
Participants in Solicitation
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys shareholders with respect to the meeting of shareholders that will be held to consider the proposed Merger. Information about the Companys directors and executive officers and their ownership of the Companys common stock is set forth in the proxy statement for the Companys 2013 Annual Meeting of Shareholders, which was filed with the SEC on February 1, 2013. Shareholders may obtain additional information regarding the interests of the Company and its directors and executive officers in the proposed Merger, which may be different than those of the Companys shareholders generally, by reading the proxy statement and other relevant documents regarding the proposed Merger, when it becomes available. You may obtain free copies of this document as described in the preceding paragraph.
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
99.1 | Letter to Employees distributed on July 26, 2013 by SHFL entertainment, Inc. |
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.
SHFL entertainment, Inc. | ||||
Date: July 26, 2013 | By: | /S/ KATHRYN S. LEVER | ||
Kathryn S. Lever Executive Vice President and General Counsel |
EXHIBIT INDEX
Exhibit |
Description of Exhibit | |
99.1 |
Letter to Employees distributed on July 26, 2013 by SHFL entertainment, Inc. |
Exhibit 99.1
Greetings everyone,
It has been a little over a week since we announced our entry into an agreement with Bally to acquire our company and since then we have held a Town Hall meeting, conducted several calls with our international offices, and publicly filed several pieces of communication with the SEC, which can be found at http://ir.shfl.com/Investors/Financials/Reports-and-Filings/SEC-Filings/default.aspx.
Thank you all for being so professional and supportive of each other during this exciting week. Understandably, it was, however, a tough week to maintain focus after hearing the announcement, but hopefully by this point, we are all back to doing the things that we do every day that make SHFL so successful.
One of the reasons that brought us and Bally together is because of our many successes that you have all been an integral part of. I hope everyone is coming to understand that being part of a much larger organization can unlock many opportunities for the business. All the customers I have spoken with since the announcement have expressed their support of the acquisition.
As promised, I will try and provide frequent updates on the status of the transaction, even if there isnt anything of great significance to report.
The first step in the transaction process is getting antitrust and regulatory approvals. Both the Bally and SHFL teams are working with the regulators to begin the process of obtaining the required approvals or waivers for the closing of the transaction. In addition to regulatory approvals, the transaction is also subject to approval by SHFLs shareholders and other customary closing conditions. As stated in our press release issued last week, the transaction is expected to close no later than June 15, 2014. The two companies will remain separate and independent businesses until we receive regulatory approval.
Bally has indicated that it will establish an integration planning team. We anticipate having more information as details are finalized with Ballys management.
I certainly understand that while most of us recognize the strategic merits of the acquisition, some may be concerned about their personal role in the future of the combined organization. Over the next few months there will be more clarity on organizational needs, but in the interim I encourage you to continue to focus on the business.
As always, it is very important to achieve our goals and ensure 2013 is our best year ever.
The move to our new consolidated facility is only a month away. For those in the Las Vegas office, dont forget to prepare your work area in advance of the move.
I will be visiting our Australian office over the next few weeks. On August 12 through 14, I will be attending the Australian Gaming Expo (AGE) held in Sydney, where we will be showcasing our new products. I am looking forward to AGE and I am confident that
we will have our strongest array of products ever with particular emphasis on our new games and our new electronic table offerings. I will be back in the Las Vegas office on August 20.
As always, if anyone has any questions, feel free to reach out to me.
Thanks again.
Regards,
Gavin
Forward Looking Statements
This communication may contain forward-looking statements. Forward-looking statements may be typically identified by such words as may, will, should, expect, anticipate, plan, likely, believe, estimate, project, intend, and other similar expressions among others. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. Although we believe that the expectations reflected in our forward-looking statements are reasonable, any or all of our forward-looking statements may prove to be incorrect. Consequently, no forward-looking statements may be guaranteed and there can be no assurance that the actual results or developments anticipated by such forward looking statements will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, SHFL or its business or operations. Factors which could cause our actual results to differ from those projected or contemplated in any such forward-looking statements include, but are not limited to, the following factors: (1) the risk that the conditions to the closing of the merger are not satisfied (including a failure of the stockholders of SHFL to approve, on a timely basis or otherwise, the merger and the risk that regulatory approvals required for the merger are not obtained, on a timely basis or otherwise, or are obtained subject to conditions that are not anticipated); (2) litigation relating to the merger; (3) uncertainties as to the timing of the consummation of the merger and the ability of each of SHFL and Bally to consummate the merger; (4) risks that the proposed transaction disrupts the current plans and operations of SHFL; (5) the ability of SHFL to retain and hire key personnel; (6) competitive responses to the proposed merger; (7) unexpected costs, charges or expenses resulting from the merger; (8) the failure by Bally to obtain the necessary debt financing arrangements set forth in the commitment letter received in connection with the merger; (9) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the merger; and (10) legislative, regulatory and economic developments. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in SHFLs most recent Annual Report on Form 10-K for the year ended October 31, 2012, and SHFLs more recent reports filed with the U.S. Securities and
Exchange Commission (the SEC). SHFL can give no assurance that the conditions to the Merger will be satisfied. Except as required by applicable law, SHFL undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
This communication is being made in respect of the proposed transaction involving SHFL and Bally. The proposed transaction will be submitted to the stockholders of SHFL for their consideration. In connection with the proposed transaction, SHFL will prepare a proxy statement to be filed with the SEC. SHFL also plans to file with the SEC other documents regarding the proposed transaction. SHFLs SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. When completed, a definitive proxy statement and a form of proxy will be mailed to the stockholders of SHFL. SHFLs stockholders will be able to obtain, without charge, a copy of the proxy statement (when available) and other relevant documents filed with the SEC from the SECs website at http://www.sec.gov. SHFLs stockholders will also be able to obtain, without charge, a copy of the proxy statement and other relevant documents (when available) by going to SHFLs Investor Relations website page at http://ir.shfl.com or by contacting Investor Relations by mail to SHFL entertainment, Inc., Attn: Investor Relations, 1106 Palms Airport Drive, Las Vegas, NV 89119, or by phone at (702) 897-7150.
Participants in Solicitation
SHFL and its directors and executive officers may be deemed to be participants in the solicitation of proxies from SHFLs stockholders with respect to the meeting of stockholders that will be held to consider the proposed Merger. Information about SHFLs directors and executive officers and their ownership of SHFLs common stock is set forth in the proxy statement for SHFLs 2013 Annual Meeting of Stockholders, which was filed with the SEC on February 1, 2013. Stockholders may obtain additional information regarding the interests of SHFL and its directors and executive officers in the proposed Merger, which may be different than those of SHFLs stockholders generally, by reading the proxy statement and other relevant documents regarding the proposed Merger, when it becomes available. You may obtain free copies of this document as described in the preceding paragraph.