0001144204-12-012931.txt : 20120305 0001144204-12-012931.hdr.sgml : 20120305 20120305170213 ACCESSION NUMBER: 0001144204-12-012931 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20120305 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120305 DATE AS OF CHANGE: 20120305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAM SOFTWARE GROUP, INC. CENTRAL INDEX KEY: 0000832488 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841108035 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27083 FILM NUMBER: 12667350 BUSINESS ADDRESS: STREET 1: MAPLE PARK, MAPLE COURT, STREET 2: TANKERSLEY CITY: BARNSLEY STATE: X0 ZIP: S75 3DP BUSINESS PHONE: 011-44-124-431-1794 MAIL ADDRESS: STREET 1: MAPLE PARK, MAPLE COURT, STREET 2: TANKERSLEY CITY: BARNSLEY STATE: X0 ZIP: S75 3DP FORMER COMPANY: FORMER CONFORMED NAME: Aftersoft Group DATE OF NAME CHANGE: 20060302 FORMER COMPANY: FORMER CONFORMED NAME: W3 GROUP INC DATE OF NAME CHANGE: 19991019 FORMER COMPANY: FORMER CONFORMED NAME: CONCORDE STRATEGIES GROUP INC DATE OF NAME CHANGE: 19970131 8-K 1 v304780_8-k.htm CURRENT REPORT

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

 

March 5, 2012 (March 5, 2012)

Date of Report (Date of earliest event reported)

 

MAM SOFTWARE GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware 000-27083 84-1108035
(State or other jurisdiction of incorporation) (Commission File No.) (IRS Employer Identification No.)

 

 

Maple Park, Maple Court, Tankersley, Barnsley, UK S75 3DP

 (Address of principal executive offices, including zip code)

 

 

Registrant's telephone number, including area code: 011 44 124 431 1794 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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))  

 

 

 
 

 

 

Information About Forward-Looking Statements

 

This Current Report on Form 8-K contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." MAM Software Group Inc.’s (the “Company”) financial and operational  results reflected herein should not be construed by any means as representative of the current or future value of its common stock or bonds. All information set forth in this Current Report on Form 8-K, except historical and factual information, represents forward-looking statements. This includes all statements about the Company’s plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual  results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission (the “SEC”).

 

 

Item 8.01 Other Events

 

On March 5, 2012, the Company issued a press release announcing that on March 5, 2012 its Board of Directors has authorized the repurchase of up to $1,000,000 of its common stock. A copy of the press release dated March 5, 2012 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits

 

 

Exhibit No. Description
   
99.1 Press Release dated March 5, 2012, entitled “MAM Software Group Announces Share Repurchase Program

 

 

 
 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

Dated: March 5, 2012   MAM SOFTWARE GROUP, INC.  
       
       
  By:  /s/ Charles F. Trapp    
  Name: Charles F. Trapp  
    Title: Chief Financial Officer  

 

 

 
 

 

 

INDEX TO EXHIBITS

 

Exhibit No. Description
   
99.1 Press Release dated March 5, 2012, entitled “MAM Software Group Announces Share Repurchase Program”

 

 

 

 

EX-99.1 2 v304780_ex99-1.htm PRESS RELEASE

 

 

 

MAM Software Group Announces Share Repurchase Program

 

Barnsley, England, March 5, 2012 /PRNewswire-FirstCall/ -- MAM Software Group, Inc. (OTC Bulletin Board: MAMS), a leading provider of business automation and ecommerce solutions for the automotive aftermarket, announced that its Board of Directors has authorized the repurchase of up to $1,000,000 of its common stock, effective March 5, 2012.  Under the authorization provided by the Board, stock repurchases may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors, including price, MAM’s cash balances, general business and market conditions, the dilutive effects of share-based incentive plans, alternative investment opportunities and working capital needs. The stock repurchase authorization, which does not require the Company to purchase any specific or minimum number of shares, does not have an expiration date and may be suspended or terminated at any time without prior notice.  Repurchased shares will be returned to the status of authorized but un-issued shares of common stock.

 

As of March 5, 2012, MAM had approximately 13,908,919 shares of common stock outstanding.

 

 

About MAM Software Group, Inc.

 

MAM Software Group, Inc. (OTC Bulletin Board: MAMS) is a supplier of business and ERP supply chain management solutions to automotive parts manufacturers, distributors and retailers. MAM Software Group provides the automotive aftermarket with a combination of business management systems, information products, and online services that together deliver benefits for all parties involved in the timely repair of a vehicle. For further information, please visit  http://www.mamsoftwaregroup.com/ .

 

This press release contains forward-looking statements regarding the Company’s working capital and future repurchases of the Company’s common stock. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from our expectations or that may cause the Company not to make share repurchases as currently anticipated, including alternative uses of cash, future competing investment opportunities, general economic, business, and market conditions, and other risks and uncertainties that may adversely impact our business.  Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including, increased competition; the ability of the Company to expand its operations through either acquisitions or internal growth, to attract and retain qualified professionals, and to expand commercial relationships; technological obsolescence; general economic conditions; and other risks detailed time to time in the Company's filings with the Securities and Exchange Commission.

 

Contact: Charles F. Trapp, Executive Vice President and Chief Financial Officer 610-336-9045 ext. 240

 

Maple Park, Maple Court

Tankersley, S75 3DP UK

Tel : +44 (0) 1244 311794

 

 

 

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