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): May 26, 2011
XETA Technologies,
Inc.
(Exact name of registrant as
specified in its charter)
Oklahoma | 0-16231 | 73-1130045 | ||
(State or other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1814 West Tacoma, Broken
Arrow, Oklahoma |
74012 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrant’s telephone number, including area code: 918-664-8200
(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 7.01 Regulation FD Disclosure.
On May 26, 2011 the Company issued the news release attached to this report as Exhibit 99.1 and incorporated by reference.
The information in this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities Exchange Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) |
Exhibits
|
99.1—News Release dated May 26, 2011 entitled “XETA Technologies Shareholders Approve Acquisition by PAETEC.”
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.
XETA Technologies,
Inc.
(Registrant)
Dated: May 26, 2011
By /s/ Robert B.
Wagner
Robert B. Wagner, Chief Financial Officer
2
Exhibit 99.1
NEWS RELEASE
Date:
|
May 26, 2011 FOR IMMEDIATE RELEASE |
|
Contact:
|
Dave Mossberg Three Part Advisors, LLC 817-310-0051 |
XETA Technologies Shareholders Approve Acquisition by PAETEC
Tulsa, Okla. – XETA Technologies, Inc. (Nasdaq: XETA), a national provider of converged communications solutions for the enterprise marketplace, announced that its shareholders have approved the merger agreement entered into on February 8, 2011 between PAETEC Holding Corp. (PAETEC), Hera Corporation and XETA Technologies, pursuant to which PAETEC, through one of its subsidiaries, will acquire all of the outstanding common shares of XETA Technologies at a price of $5.50 cash per share.
More than seventy percent (70%) of the outstanding shares of XETA Technologies were represented at the special meeting of shareholders held earlier today, with approximately 99% of those shares voting in favor of the merger agreement.
Subject to the satisfaction or waiver of certain conditions set forth in the merger agreement and discussed in detail in XETA’s Definitive Proxy Statement on Schedule 14A filed by XETA with the Securities and Exchange Commission on April 18, 2011, XETA expects to close the merger on May 31, 2011. Upon completion of the merger, XETA will become a private company, wholly-owned by a subsidiary of PAETEC Holding, and its common stock will no longer be traded on NASDAQ.
About XETA Technologies, Inc.
XETA Technologies, Inc., sells, installs and services advanced communication technologies for small, medium and Fortune 1000 enterprise customers. XETA maintains the highest level of technical competencies with multiple vendors, including Avaya/Nortel, Mitel, Hitachi, Samsung, HP, Polycom, Microsoft, Alcatel-Lucent, ShoreTel, LifeSize and Juniper. With a 29-year operating history and over 16,000 customers from coast to coast, XETA has maintained a commitment to extraordinary customer service. XETA’s in-house 24/7/365 contact center, combined with a nationwide service footprint, offers customers comprehensive equipment service programs that ensure network reliability and maximized network up-time. More information about XETA Technologies (Nasdaq GM:XETA) is available at www.xeta.com.
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