0001193125-18-349467.txt : 20181214 0001193125-18-349467.hdr.sgml : 20181214 20181214090613 ACCESSION NUMBER: 0001193125-18-349467 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 20181214 DATE AS OF CHANGE: 20181214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LiveRamp Holdings, Inc. CENTRAL INDEX KEY: 0000733269 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 710581897 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36226 FILM NUMBER: 181234663 BUSINESS ADDRESS: STREET 1: 225 BUSH STREET STREET 2: 17TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 866-352-3267 MAIL ADDRESS: STREET 1: 225 BUSH STREET STREET 2: 17TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: Acxiom Holdings, Inc. DATE OF NAME CHANGE: 20180920 FORMER COMPANY: FORMER CONFORMED NAME: ACXIOM CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CCX NETWORK INC DATE OF NAME CHANGE: 19880816 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LiveRamp Holdings, Inc. CENTRAL INDEX KEY: 0000733269 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374] IRS NUMBER: 710581897 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 225 BUSH STREET STREET 2: 17TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 866-352-3267 MAIL ADDRESS: STREET 1: 225 BUSH STREET STREET 2: 17TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 FORMER COMPANY: FORMER CONFORMED NAME: Acxiom Holdings, Inc. DATE OF NAME CHANGE: 20180920 FORMER COMPANY: FORMER CONFORMED NAME: ACXIOM CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CCX NETWORK INC DATE OF NAME CHANGE: 19880816 SC TO-I/A 1 d670247dsctoia.htm SC TO-I/A SC TO-I/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE TO

(Amendment No. 2)

Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)

of the Securities Exchange Act of 1934

 

 

LIVERAMP HOLDINGS, INC.

(Name of Subject Company (Issuer) and Filing Person (Offeror))

COMMON STOCK, PAR VALUE $0.10 PER SHARE

(Title of Class of Securities)

53815P 108

(CUSIP Number of Class of Securities)

Scott E. Howe

Chief Executive Officer

225 Bush Street, 17th Floor

San Francisco, CA 94104

(866) 352-3267

Jerry C. Jones

Chief Ethics and Legal Officer

225 Bush Street, 17th Floor

San Francisco, CA 94104

(866) 352-3267

(Name, Address and Telephone Numbers of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons)

 

 

Copies to:

 

Michael C. Labriola

Mark G.C. Bass

Wilson Sonsini Goodrich & Rosati

Professional Corporation

1700 K Street NW, Fifth Floor

Washington, DC 20006

(202) 973-8800

 

 

 

CALCULATION OF FILING FEE

 

Transaction Valuation*   Amount of Filing Fee**
$500,000,000   $60,600
 
*

The transaction value is estimated only for purposes of calculating the filing fee. This amount is based on the offer to purchase up to $500 million in value of shares of the common stock, par value $0.10 per share.

**

The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, equals $121.20 per million dollars of the value of the transaction.

 

☒ 

Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid:      $60,600      Filing Party:      LiveRamp Holdings, Inc.
Form or Registration No.:      Schedule TO      Date Filed:      November 13, 2018

 

☐ 

Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

☐ 

third-party tender offer subject to Rule 14d-1.

☒ 

issuer tender offer subject to Rule 13e-4.

☐ 

going-private transaction subject to Rule 13e-3.

☐ 

amendment to Schedule 13D under Rule 13d-2.

Check the following box if the filing is a final amendment reporting the results of the tender offer: ☐

If applicable, check the appropriate box(es) below to designate the appropriate rule provisions relied upon:

 

☐ 

Rule 13e-4(i) (Cross-Border Issuer Tender Offer).

☐ 

Rule 14d-1(d) (Cross-Border Third-Party Tender Offer).

 

 

 

SCHEDULE TO

This Amendment No. 2 (this “Amendment No. 2”) amends and supplements the Tender Offer Statement on Schedule TO (together with any subsequent amendments and supplements thereto, the “Schedule TO”), filed with the Securities and Exchange Commission by LiveRamp Holdings, Inc., a Delaware corporation (“LiveRamp” or the “Company”), on November 13, 2018. The Schedule TO relates to the offer by LiveRamp to purchase up to $500 million in value of shares of its common stock, par value $0.10 per share (the “Shares”), at a price not greater than $49.00 nor less than $44.50 per Share, net to the sellers in cash, without interest and less any applicable withholding taxes, on the terms and subject to the conditions set forth in the Offer to Purchase dated November 13, 2018 (the “Offer to Purchase”) and in the related Letter of Transmittal (the “Letter of Transmittal”).

Except as otherwise set forth in this Amendment No. 2, the information set forth in the Schedule TO remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment No. 2. Capitalized terms used but not defined herein have the meanings ascribed to them in the Schedule TO. You should read this Amendment No. 2 together with the Schedule TO, the Offer to Purchase and the Letter of Transmittal.

Item 11.    ADDITIONAL INFORMATION.

Item 11 is hereby amended and supplemented as follows:

“On December 14, 2018, LiveRamp issued a press release announcing the preliminary results of the Offer, which expired at 5:00 P.M., New York City time, on December 13, 2018. A copy of such press release is filed as Exhibit (a)(5)(D) to this Schedule TO and is incorporated herein by reference.”

Item 12.    EXHIBITS.

 

EXHIBIT NO.

  

DESCRIPTION

(a)(1)(A)*   Offer to Purchase, dated November 13, 2018.
(a)(1)(B)*   Letter of Transmittal.
(a)(1)(C)*   Notice of Guaranteed Delivery.
(a)(1)(D)*   Letter to Brokers, Dealers, Commercial Banks, Trust Companies and other Nominees.
(a)(1)(E)*   Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.
(a)(2)   Not applicable.
(a)(3)   Not applicable.
(a)(4)   Not applicable
(a)(5)(A)*   Summary Advertisement, dated November 13, 2018, as published in The Wall Street Journal
(a)(5)(B)*   LiveRamp Holdings, Inc. Press Release, dated November 13, 2018, announcing the transaction.
(a)(5)(C)*   LiveRamp Holdings, Inc. Press Release, dated December 4, 2018.
(a)(5)(D)**   LiveRamp Holdings, Inc. Press Release, dated December 14, 2018.
(b)   Not applicable.
(d)(1)   Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 99.1 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-219839) filed October 1, 2018 and incorporated herein by reference).
(d)(2)   LiveRamp, Inc. 2006 Equity Incentive Plan (previously filed as Exhibit 99.2 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-197463) filed October 1, 2018 and incorporated herein by reference).
(d)(3)   Pippio, Inc. 2014 Equity Incentive Plan (previously filed as Exhibit 99.3 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-214926) filed October 1, 2018 and incorporated herein by reference).
(d)(4)   Arbor Equity Compensation Plan (previously filed as Exhibit 99.4 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-214926) filed October 1, 2018 and incorporated herein by reference).

(d)(5)   Solve Media, Inc. 2009 Stock Plan (previously filed as Exhibit 99.5 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-214926) filed October 1, 2018 and incorporated herein by reference).
(d)(6)   Circulate Equity Compensation Plan (previously filed as Exhibit 99.6 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-214926) filed October 1, 2018 and incorporated herein by reference).
(d)(7)   Amended and Restated Key Associate Stock Option Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 99.7 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-91395) filed October 1, 2018 and incorporated herein by reference).
(d)(8)   2011 Nonqualified Equity Compensation Plan (previously filed as Exhibit 99.8 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-214927) filed October 1, 2018 and incorporated herein by reference).
(d)(9)   2005 Stock Purchase Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 99.9 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-127743) filed October 1, 2018 and incorporated herein by reference).
(d)(10)   2018 Equity Compensation Plan of Pacific Data Partners LLC (previously filed as Exhibit 99.10 to the Company’s Post-Effective Amendment No.1 to Form S-8 (Registration No. 333-227540) filed October 1, 2018 and incorporated herein by reference).
(d)(11)   Form of Performance Unit Award Agreement under the Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 10.8 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2017 and incorporated herein by reference).
(d)(12)   Form of Stock Option Grant Agreement under the Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 10.16 to the Company’s Form 10-K for the fiscal year ended March 31, 2017 and incorporated herein by reference).
(d)(13)   Form of Restricted Stock Unit Award Agreement under the Amended and Restated 2005 Equity Compensation Plan of LiveRamp Holdings, Inc. (previously filed as Exhibit 10.17 to the Company’s Form 10-K for the fiscal year ended March 31, 2017 and incorporated herein by reference).
(d)(14)   Form of Restricted Stock Unit Award under the 2011 Nonqualified Equity Compensation Plan (previously filed as Exhibit 10.18 to the Company’s Form 10-K for the fiscal year ended March 31, 2017 and incorporated herein by reference).
(d)(15)   Form of Restricted Stock Unit Award under the Arbor Equity Compensation Plan (previously filed as Exhibit 10.19 to the Company’s Form 10-K for the fiscal year ended March 31, 2017 and incorporated herein by reference).
(d)(16)   Employment Agreement by and between Acxiom Corporation and Scott E. Howe dated as of February 14, 2018 (previously filed as Exhibit 10.22 to the Company’s Form 10-K for the fiscal year ended March 31, 2018 and incorporated herein by reference).
(d)(17)   Employment Agreement by and between Acxiom Corporation and Warren C. Jenson dated as of February 14, 2018 (previously filed as Exhibit 10.23 to the Company’s Form 10-K for the fiscal year ended March 31, 2018 and incorporated herein by reference).
(d)(18)   Memorandum to Rick Erwin re: Terms for AMS Deal Incentive, dated April 2, 2018 (previously filed as Exhibit 10.24 to the Company’s Form 10-K for the fiscal year ended March 31, 2018 and incorporated herein by reference).
(d)(19)   Memorandum to Dennis Self re: Terms for AMS Deal Incentive, dated April 2, 2018 (previously filed as Exhibit 10.24 to the Company’s Form 10-K for the fiscal year ended March 31, 2018 and incorporated herein by reference).
(d)(20)   Acxiom Corporation Non-Qualified Deferral Plan, amended and restated effective January 1, 2009 (previously filed as Exhibit 10.27 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 and incorporated herein by reference).

(d)(21)   First Amendment to the Acxiom Corporation Non-Qualified Deferral Plan, amended and restated effective July 1, 2009 (previously filed as Exhibit 10.28 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 and incorporated herein by reference).
(d)(22)   Acxiom Corporation Non-Qualified Matching Contribution Plan, amended and restated effective January 1, 2009 (previously filed as Exhibit 10.29 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 and incorporated herein by reference).
(d)(23)   First Amendment to the Acxiom Corporation Non-Qualified Matching Contribution Plan, amended and restated effective July 1, 2009 (previously filed as Exhibit 10.30 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2013 and incorporated herein by reference).
(d)(24)   Amended and Restated 2010 Executive Cash Incentive Plan of Acxiom Corporation (previously filed as Exhibit 10.6 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2015 and incorporated herein by reference).
(d)(25)   Amended and Restated 2010 Executive Officer Severance Policy of Acxiom Corporation (previously filed as Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 31, 2017 and incorporated herein by reference).
(d)(26)   Form of Officer and Key Employee Indemnity Agreement (previously filed as Exhibit 10.26 to the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2017 and incorporated herein by reference).
(g)   Not applicable.
(h)   Not applicable.

 

*

Previously filed.

**

Filed herewith.

SIGNATURE

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: December 14, 2018

 

LIVERAMP HOLDINGS, INC.
By:  

/s/ Jerry C. Jones

Name:   Jerry C. Jones
Title:   Chief Ethics and Legal Officer, Executive Vice President and Assistant Secretary
 EX-99.(A)(5)(D) 2 d670247dex99a5d.htm EX-99.(A)(5)(D) EX-99.(a)(5)(D)

Exhibit (a)(5)(D)

 

LOGO

LIVERAMP ANNOUNCES PRELIMINARY RESULTS OF TENDER OFFER

SAN FRANCISCO, December 14, 2018—(BUSINESSWIRE)—LiveRamp (NYSE: RAMP) today announced the preliminary results of its “modified Dutch auction” tender offer, which expired at 5:00 P.M., New York City time, on December 13, 2018.

Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 19,281,058 shares of LiveRamp’s common stock, $0.10 par value per share, were properly tendered and not properly withdrawn at the purchase price of $44.50 per share, including 16,183,514 shares that were tendered by notice of guaranteed delivery. LiveRamp has been informed by the depositary that the preliminary proration factor for the tender offer is approximately 58.2 percent. This preliminary proration factor is subject to change.

In accordance with the terms and conditions of the tender offer, and based on the preliminary count by the depositary, LiveRamp expects to acquire approximately 11.2 million shares of its common stock at a price of $44.50 per share, for an aggregate cost of approximately $500 million, excluding fees and expenses relating to the tender offer. These shares represent approximately 14.2 percent of the shares outstanding.

The number of shares to be purchased and the purchase price are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all shares tendered through notice of guaranteed delivery will be delivered within the two business day settlement period. The final number of shares to be purchased and the final purchase price will be announced following the expiration of the guaranteed delivery period and completion by the depositary of the confirmation process. Payment for the shares accepted for purchase under the tender offer, and return of all other shares tendered and not purchased, will occur promptly thereafter.

Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC acted as the dealer managers for the tender offer. Stockholders who have questions or would like additional information about the tender offer may contact the information agent for the tender offer, Georgeson LLC toll-free at (888) 613-9988.

About LiveRamp

LiveRamp provides the identity platform leveraged by brands and their partners to deliver innovative products and exceptional experiences. LiveRamp IdentityLink™ connects people, data, and devices across the digital and physical world, powering the people-based marketing revolution and allowing consumers to safely connect with the brands and products they love. For more information, visit www.LiveRamp.com.

Forward-Looking Statements

Any statements contained in this document that are not historical facts are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these words or other similar terms or expressions. These

 

LOGO

LOGO

 

statements are based on LiveRamp’s current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein. Additional information about the factors that may affect LiveRamp’s operations is set forth in LiveRamp’s current and periodic reports filed with the Securities and Exchange Commission, including LiveRamp’s current reports on Form 8-K, quarterly reports on Form 10-Q and annual reports on Form 10-K, particularly the discussion under the caption “Item 1A. RISK FACTORS” in LiveRamp’s Annual Report on Form 10-K for the year ended March 31, 2018, which was filed with the Securities and Exchange Commission on May 25, 2018 and the discussion under the caption “Item 1A. RISK FACTORS” in LiveRamp’s Quarterly Reports on Form 10-Q for the quarters ended June 30, 2018 and September 30, 2018, which were filed with the Securities and Exchange Commission on August 9, 2018 and November 1, 2018, respectively. The forward-looking statements in this communication are based on information available to LiveRamp as of the date hereof.

LiveRamp undertakes no obligation to update the information contained in this press release or any other forward-looking statement.

LiveRamp, LiveRamp IdentityLink, Abilitec and all other LiveRamp marks contained herein are trademarks or service marks of LiveRamp, Inc. All other marks are the property of their respective owners.

For more information, contact:

Georgeson LLC

Toll Free: 888-613-9988

LiveRamp Investor Relations

Lauren Dillard

650-372-2242

Investor.Relations@LiveRamp.com

 

LOGO

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