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): |
February 11, 2013 |
Exact Name of Registrant as | ||
Specified in Its Charter: | CALAMP CORP. |
DELAWARE | 0-12182 | 95-3647070 | ||
State or Other Jurisdiction of | Commission | I.R.S. Employer | ||
Incorporation or Organization | File Number | Identification No. |
Address of Principal Executive Offices: | 1401 N. Rice Avenue | |
Oxnard, CA 93030 | ||
Registrant's Telephone Number, Including | ||
Area Code: | (805) 987-9000 | |
Former Name or Former Address, | ||
if Changed Since Last Report: | Not applicable |
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)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14.a-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 February 11, 2013, the Company issued a press release announcing that it plans to offer and sell 4,200,000 shares of its common stock in an underwritten public offering.
Item 9.01. Financial Statements and Exhibits
99.1 Press release dated February 11, 2013.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CALAMP CORP. | |||
February 11, 2013 | By: /s/ Richard Vitelle | ||
Date |
Richard Vitelle, | ||
Vice President-Finance | |||
(Principal Financial Officer) |
Exhibit 99.1
N E W S B U L L E T I
N |
FOR IMMEDIATE RELEASE |
CalAmp Announces Proposed Public Offering of Common Stock
OXNARD, CA, February 11, 2013 -- CalAmp Corp. (NASDAQ: CAMP), a leading provider of wireless communications solutions for a broad array of applications to customers globally, announced today that it plans to offer and sell 4,200,000 shares of its common stock in an underwritten public offering. CalAmp also plans to grant the underwriters a 30-day option to purchase up to an additional 630,000 shares to cover over-allotments, if any.
CalAmp expects to use the net proceeds from this offering to fund a portion of the purchase price for its previously announced acquisition of the operations of Wireless Matrix Corporation. If the acquisition is not completed, CalAmp intends to use the net proceeds from this offering to pay transaction expenses, to repay outstanding indebtedness and for other general corporate purposes.
Canaccord Genuity Inc. and B. Riley & Co., LLC are acting as joint book-running managers for the offering. Craig Hallum Capital Group LLC, Northland Securities, Inc. and First Analysis Securities Corporation are acting as co-managers for the offering.
The offering will be made under an effective shelf registration statement filed with the Securities and Exchange Commission (SEC). Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained from the offices of Canaccord Genuity, Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110, phone: (617) 371-3900 or B. Riley & Co., LLC, 11100 Santa Monica Blvd., Suite 800, Los Angeles, CA 90025 at (310) 966-1444. Alternatively, you may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale is not permitted. The offering may be made only by means of a prospectus and related prospectus supplement.
About CalAmp
CalAmp is a leading provider of wireless communications
solutions for a broad array of applications to customers globally. The Companys
two business segments are Wireless DataCom, which serves enterprise, utility and
government customers, and Satellite, which focuses on the North American Direct
Broadcast Satellite market. For more information, please visit www.calamp.com.
CalAmp Announces Proposed Public
Offering of Common Stock
February 11, 2013
Page 2 of 2
Forward-Looking
Statements
Statements in this press
release that are not historical in nature are forward-looking statements that
involve known and unknown risks and uncertainties. Words such as may, will,
expect, intend, plan, believe, seek, could, estimate, judgment,
targeting, should, anticipate, goal and
variations of these words and similar expressions, are intended to identify
forward-looking statements. Actual results could differ materially from those
implied by such forward-looking statements due to a variety of factors,
including product demand, competitive pressures and pricing declines in the
Companys wireless and satellite markets, the timing of customer approvals of
new product designs, intellectual property infringement claims, the effects of
the proposed automatic federal budget cuts if the scheduled sequester were to
take effect in early 2013, interruption or failure of our Internet-based systems
used to wirelessly configure and communicate with the tracking and monitoring
devices that we sell, the ability to finance and consummate the Wireless Matrix
acquisition, integration issues that may arise in connection with that
acquisition, and other risks or uncertainties that are described in the
Companys Report on Form 10-K for fiscal 2012 as filed on April 26, 2012 with
the Securities and Exchange Commission. Although the Company believes the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its expectations will be
attained. The Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
AT CALAMP: | AT ADDO COMMUNICATIONS: |
Garo Sarkissian | Lasse Glassen |
VP, Corporate Development | (424) 238-6249 |
(805) 987-9000 | lasseg@addocommunications.com |
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