8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

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) September 7, 2010

 

 

RADIANT SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Georgia   0-22065   11-2749765

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

3925 Brookside Parkway, Alpharetta, Georgia   30022
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code (770) 576-6000

N/A

(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 (see General Instruction A.2. below):

 

¨ 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 240.14a-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 7.01 Regulation FD Disclosure.

On September 7, 2010, Radiant Systems, Inc., or the Company, announced its intention to offer, in conjunction with certain selling shareholders, up to 4,693,848 shares of the Company’s common stock in an underwritten registered public offering. The press release is furnished herewith as Exhibit 99.1.

The Press Release furnished as Exhibit 99.1 is being furnished under Item 7.01 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, or the Exchange Act, or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

 

Item 8.01 Other Events.

The following information corrects certain inadvertent mathematical errors contained in the Tables, “Outstanding Equity Awards at 2009 Fiscal Year End” and “Option Exercises and Stock Vested during Fiscal Year 2009,” included in our 2010 definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 16, 2010, related to the Company’s Annual Meeting of Shareholders held on Thursday, May 27, 2010.

Outstanding Equity Awards at 2009 Fiscal Year-End

The following table provides certain information concerning the outstanding equity awards for each named executive officer as of December 31, 2009. The number of options held as of December 31, 2009 includes options granted under the 1995 Plan and the 2005 Plan.

Outstanding Equity Awards at 2009 Fiscal Year-End

 

 

     Option Awards     Stock Awards

Name

    Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable		    Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable		     Equity
Incentive Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
(#)		    Option
Exercise Price
($)		    Option
Expiration
Date		    Number of
Shares or
Units of Stock
That Have Not
Vested
(#)		     Market Value
of Shares or
Units of Stock
That Have
Not Vested
($)		     Equity
Incentive Plan
Awards:
Number of
Unearned
Shares, Units
or Other
Rights That
Have Not
Vested
(#)		    Equity
Incentive
Plan
Awards:
Market
or Payout
Value of
Unearned
Shares,
Units or
Other
Rights
That
Have Not
Vested
($)

(a)

    (b)    (c)     (d)    (e)    (f)    (g)     (h)     (i)    (j)

John H. Heyman

    60,000    —        —      $ 13.0000    4/28/2011    —          —        —      —  
   40,000    —        —      $ 6.2000    10/15/2011    —          —        —      —  
   70,295    —        —      $ 5.6300    10/19/2011    —          —        —      —  
   57,000    28,500 1    —      $ 12.2700    3/15/2012    —          —        —      —  
   117,500    —        —      $ 9.3300    4/15/2012    —          —        —      —  
   55,391    110,783 2    —      $ 14.3800    3/24/2013    —          —        —      —  
   40,000    —        —      $ 6.7500    10/15/2013    —          —        —      —  
   150,000    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   45,000    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   —      127,500 3    —      $ 3.2500    3/13/2016    —          —        —      —  
   —      —        —        —      —      26,634 4    $ 276,994 6    —      —  
   —      —        —        —      —      61,200 5    $ 636,480      —      —  

Alon Goren

    20,000    —        —      $ 13.0000    4/28/2011    —          —        —      —  
   40,000    —        —      $ 6.2000    10/15/2011    —          —        —      —  
   71,010    —        —      $ 5.6300    10/19/2011    —          —        —      —  
   14,667    7,333 1    —      $ 12.2700    3/15/2012    —          —        —      —  
   60,000    —        —      $ 9.3300    4/15/2012    —          —        —      —  
   9,693    19,388 2    —      $ 14.3800    3/24/2013    —          —        —      —  
   40,000    —        —      $ 6.7500    10/15/2013    —          —        —      —  
   27,600    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   50,000    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   —      19,688 3    —      $ 3.2500    3/13/2016    —          —        —      —  
   —      —        —        —      —      4,661 4    $ 48,474 6    —      —  
   —      —        —        —      —      9,450 5    $ 92,280      —      —  

Andrew S. Heyman

    43,600    —        —      $ 13.0000    4/28/2011    —          —        —      —  
   70,308    —        —      $ 5.6300    10/19/2011    —          —        —      —  
   40,000    —        —      $ 6.2000    10/15/2011    —          —        —      —  
   60,000    30,000 1    —      $ 12.2700    3/15/2012    —          —        —      —  
   40,000    —        —      $ 9.3300    4/15/2012    —          —        —      —  
   36,927    73,856 2    —      $ 14.3800    3/24/2013    —          —          
   40,000    —        —      $ 6.7500    10/15/2013    —          —        —      —  
   12,960    —        —      $ 4.1000    5/17/2014    —          —        —      —  
   40,000    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   —      84,375 3    —      $ 3.2500    3/13/2016    —          —        —      —  
   —      —        —        —      —      17,756 4    $ 184,662 6    —      —  
   —      —        —        —      —      40,500 5    $ 421,200      —      —  

Mark E. Haidet

    10,000    —        —      $ 15.4000    4/16/2011    —          —        —      —  
   18,000    —        —      $ 13.000    4/28/2011    —          —        —      —  
   11,250      —      $ 6.2000    10/15/2011    —          —        —      —  
   20,000    10,000 1    —      $ 12.2700    3/15/2012    —          —        —      —  
   7,500    —        —      $ 9.3300    4/15/2012    —          —        —      —  
   13,848    27,696 2    —      $ 14.3800    3/24/2013    —          —        —      —  
   45,000    —        —      $ 6.7500    10/15/2013    —          —        —      —  
   7,952    —        —      $ 4.1000    5/17/2014    —          —        —      —  
   15,000    —        —      $ 4.6600    10/15/2014    —          —        —      —  
   —      32,813 3    —      $ 3.2500    3/13/2016    —          —        —      —  
   —      —        —        —      —      6,658 4    $ 69,243 6    —      —  
   —      —        —        —      —      15,750 5    $ 163,800      —      —  

 

1

The options became exercisable on March 15, 2010.

2

Half of the options became exercisable on March 24, 2010 and half of the options become exercisable on March 24, 2011.

3

One-third of the options became exercisable on March 13, 2010, and one-third of the options become exercisable on March 13, 2011 and 2012.

4

Stock vests March 24, 2011.

5

Stock vests March 13, 2012.

6

Corrected amount.

Option Exercises and Stock Vested during Fiscal Year 2009

The following table provides certain information concerning the option exercises for each named executive officer during the fiscal year ended December 31, 2009.

 

     Option Awards     Stock Awards

Name

    Number of Shares
Acquired on
Exercise
(#)		     Value Realized  on
Exercise
($)		     Number of Shares
Acquired on
Vesting
(#)		    Value Realized  on
Vesting
($)

(a)

    (b)     (c)     (d)    (e)

John H. Heyman

    —        —        —      —  

Alon Goren

    —        —        —      —  

Andrew S. Heyman

    75,000      453,755      —      —  

Mark E. Haidet

    23,018 1    120,963 1    —      —  

 

1

Corrected amounts.

 

Item 9.01 Financial Statements and Exhibits.

 

  (d) Exhibits.

 

  99.1 Press Release, dated September 7, 2010, issued by Radiant Systems, Inc.

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.

 

RADIANT SYSTEMS, INC.
By:  

/s/ John H. Heyman

Name:   John H. Heyman
Title:   Chief Executive Officer

Dated: September 7, 2010