-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L3cg8XaX2s6gm9q2ItZHJE6QpnaAk1PVTOHMJcIc2tgqnLQWAN1uvgcldOEtrrHP n6ZwHYs2XUKok+uTq9IihA== 0000909518-09-000415.txt : 20090618 0000909518-09-000415.hdr.sgml : 20090617 20090618153223 ACCESSION NUMBER: 0000909518-09-000415 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090618 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090618 DATE AS OF CHANGE: 20090618 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMVERSE TECHNOLOGY INC/NY/ CENTRAL INDEX KEY: 0000803014 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 133238402 STATE OF INCORPORATION: NY FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-15502 FILM NUMBER: 09898818 BUSINESS ADDRESS: STREET 1: 810 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-739-1000 MAIL ADDRESS: STREET 1: 810 SEVENTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mm06-1809_8k.htm

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):

June 18, 2009

 

COMVERSE TECHNOLOGY, INC.

 

(Exact name of registrant as specified in its charter)

 

NEW YORK

0-15502

13-3238402

 

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

 

 

810 Seventh Avenue,

New York, New York

10019

 

(Address of Principal Executive Offices)

(Zip Code)

 

Registrant’s telephone number, including area code: (212) 739-1000

 

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 (see General Instruction A.2. below):

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 June 18, 2009, Comverse Technology, Inc. (the “Company”) issued a press release announcing that the Company had reached a settlement with the United States Securities and Exchange Commission regarding the improper backdating of stock options and other accounting practices, including the improper establishment, maintenance, and release of reserves, the reclassification of certain expenses, and the calculation of backlog of sales orders. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01

Financial Statements and Exhibits

 

 

(d)

Exhibits

Exhibit No.

Description

99.1

 

Press Release of Comverse Technology, Inc. dated June 18, 2009.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2

 

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.

                

 

COMVERSE TECHNOLOGY, INC.

 

 

 

 

Date: June 18, 2009

By:

/s/ Andre Dahan

 

Name:

Andre Dahan

 

Title:

President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3

 

EXHIBIT INDEX

 

Exhibit No.

Description

99.1

 

Press Release of Comverse Technology, Inc. dated June 18, 2009.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 EX-99 2 mm06-1809_8ke991.htm

Exhibit 99.1

 

 

CONTACT:

Paul D. Baker

 

Comverse Technology, Inc.

 

paul.baker@cmvt.com

 

(212) 739-1060

 

Comverse Technology, Inc. Announces

Settlement with the Securities and Exchange Commission

 

NEW YORK, NY, June 18, 2009 — Comverse Technology, Inc. (Pink Sheets: CMVT.PK) today announced that the company had reached a settlement with the United States Securities and Exchange Commission (the “SEC”) regarding the improper backdating of stock options and other accounting practices, including the improper establishment, maintenance, and release of reserves, the reclassification of certain expenses, and the calculation of backlog of sales orders. Without admitting or denying the allegations in the SEC’s complaint, the company consented to the entry of a final judgment under which it will be subject to a permanent injunction against any future violations of the federal securities laws and ordered to be in compliance with its obligations with respect to the filing of periodic reports with the SEC by February 8, 2010 or, if earlier, the date on which the company becomes current in its SEC reporting obligations. No monetary penalties were assessed against the company in conjunction with the settlement. Subject to the approval of the settlement by the United States District Court for the Eastern District of New York, the settlement concludes the SEC's civil action against the company in connection with these subject matters. These matters were the result of actions principally taken by senior executives of the company who were discharged in 2006. The company self-reported these matters to the SEC and has cooperated fully with the SEC and United States Department of Justice.

 

"This is an important step forward, and with these matters now resolved, we remain focused on executing our plan towards completing our restatement and executing our strategies for the long-term success of Comverse Technology, Inc.,” said Andre Dahan, the company’s President and Chief Executive Officer.

 

About Comverse Technology, Inc.

Comverse Technology, Inc. is the world’s leading provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications. Over 500 communication service providers in more than 130 countries use Comverse products to generate revenue, and improve customer loyalty and operational efficiencies.

 

Other Comverse Technology subsidiaries include: Verint Systems (Pink Sheets: VRNT.PK), a leading provider of analytic software-based actionable intelligence solutions for enterprise workforce optimization and security intelligence; and Ulticom (Pink Sheets: ULCM.PK), a leading provider of service essential signaling solutions for wireless, wireline, and Internet communications.

 

For additional information, visit the Comverse Technology website at www.cmvt.com.

 

All product and company names mentioned herein may be registered trademarks or trademarks of Comverse or the respective referenced company(s).

 

Forward-Looking Statements

 

 

This release contains “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. There can be no assurances that any forward-looking statements will be achieved. Important factors that could affect the statements contained herein include: risks relating to the court’s approval of the settlement described above, the ability of the company to become current in its reporting obligations by February 8, 2010, including the possible identification of new significant issues that impact its financial statements and unforeseen events that could delay the company’s plan for completion of its financial statements. The company undertakes no commitment to update or revise forward-looking statements except as required by law.

 

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