0000891092-11-005656.txt : 20110824 0000891092-11-005656.hdr.sgml : 20110824 20110824061346 ACCESSION NUMBER: 0000891092-11-005656 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110823 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110824 DATE AS OF CHANGE: 20110824 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PREMIERE GLOBAL SERVICES, INC. CENTRAL INDEX KEY: 0000880804 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 593074176 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13577 FILM NUMBER: 111052038 BUSINESS ADDRESS: STREET 1: 3280 PEACHTREE RD NW STREET 2: THE TERMINUS BUILDING, SUITE 1000 CITY: ATLANTA STATE: GA ZIP: 30305-2422 BUSINESS PHONE: 4042628400 MAIL ADDRESS: STREET 1: 3280 PEACHTREE RD NW STREET 2: THE TERMINUS BUILDING, SUITE 1000 CITY: ATLANTA STATE: GA ZIP: 30305-2422 FORMER COMPANY: FORMER CONFORMED NAME: PTEK HOLDINGS INC DATE OF NAME CHANGE: 20000306 FORMER COMPANY: FORMER CONFORMED NAME: PREMIERE TECHNOLOGIES INC DATE OF NAME CHANGE: 19951219 8-K 1 e45041_8k.htm CURRENT REPORT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) August 23, 2011

PREMIERE GLOBAL SERVICES, INC.

(Exact Name of Registrant as Specified in Its Charter)

GEORGIA

(State or Other Jurisdiction of Incorporation)

001-13577 59-3074176

(Commission File Number) (IRS Employer Identification No.)

3280 Peachtree Road, NE, Suite 1000, Atlanta, Georgia 30305

(Address of Principal Executive Offices) (Zip Code)

404-262-8400

(Registrant’s Telephone Number, Including Area Code)


(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 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.

     On August 23, 2011, Jeffrey T. Arnold, Chairman and Chief Architect of Sharecare, Inc. and Chief of Global Digital Strategy for Discovery Communications, resigned as a member of our board of directors in order to focus on the significant responsibilities he retains in these companies and is consequentially limiting his outside board activities. Mr. Arnold confirmed that there were no disputes or disagreements with our management or other members of our board in connection with his decision to resign as a director. Mr. Arnold has been a valuable member of our board since 1999, including having served as the chairman of our nominating and governance committee, and we thank him for his over twelve years of board service.

     K. Robert Draughon was appointed to our board on August 23, 2011 by the unanimous vote of our board to fill the vacancy created by Mr. Arnold’s resignation. Mr. Draughon is chief executive officer and chief financial officer of Press Ganey Associates, Inc., a leader in quality measurement and performance improvement solutions for the health care industry. Prior to joining Press Ganey, he served in a variety of roles in finance and corporate development at HLTH Corporation and its subsidiary, WebMD Health Corp., including as chief financial officer of WebMD prior to its merger with HLTH. Mr. Draughon graduated from the Fuqua School of Business at Duke University with a master’s degree in business administration and from Wake Forest University with a bachelor’s degree in economics.

     Our board has determined that Mr. Draughon is an independent director within the meaning of the rules of the New York Stock Exchange and our corporate governance guidelines, is an audit committee financial expert pursuant to the rules of the SEC and has accounting or related financial management expertise as required by the NYSE rules. He will serve as a member of our audit committee. Mr. Draughon has not entered into any plan, contract or arrangement with us in connection with his election as a director. He will be entitled to our standard non-employee director compensation. Mr. Draughon will stand for election at our 2012 annual meeting of shareholders, along with all of our directors.

     John R. Harris agreed to fill the vacancy created by Mr. Arnold’s resignation and assume the role of chairman of our nominating and corporate governance committee.

     On August 23, 2011, we issued a press release announcing Mr. Arnold’s departure and the appointment of Mr. Draughon. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated hereby reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1     Press Release dated August 23, 2011.



SIGNATURE

     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.

  PREMIERE GLOBAL SERVICES, INC.
 
 
 
Date: August 23, 2011 By: /s/ Scott Askins Leonard
   
    Scott Askins Leonard
    Senior Vice President – Legal, General
    Counsel and Secretary



EXHIBIT INDEX

99.1     

Press Release dated August 23, 2011.

 

EX-99.1 2 e45041ex99_1.htm PRESS RELEASE

Exhibit 99.1


Media Contact:
Sean O’Brien
404-262-8462
sean.obrien@pgi.com

PGi Welcomes Rob Draughon to Its Board of Directors

ATLANTA – August 23, 2011 – PGi, a global leader in virtual meetings, today announced that K. Robert (“Rob”) Draughon, CEO of Press Ganey Associates, Inc., a leader in quality measurement and performance improvement solutions for the health care industry, has joined its board of directors. Mr. Draughon, who qualifies as an independent director, replaces outgoing board member Jeffrey T. Arnold. Mr. Arnold, Chairman and Chief Architect of Sharecare, Inc. and Chief of Global Digital Strategy for Discovery Communications, has resigned from PGi’s board in order to focus on the significant responsibilities he retains in these companies.

“We are pleased to welcome Rob to the dynamic, strategic group of business leaders that makes up our board,” said Boland T. Jones, PGi founder, chairman and CEO, who is leading PGi’s next-generation product innovation. “Rob’s significant experience in corporate development and financial planning will be extremely valuable as we look to continue to expand PGi’s global footprint and grow our market share with our innovative new meetings solutions, iMeet® and GlobalMeet®.”

“Jeff has been one of PGi’s most tenured and valued board members. We thank him for his twelve years of committed service and invaluable contributions to our success,” continued Jones. “While we will miss Jeff’s counsel on our board, we support his decision to focus more of his time and energy on building Sharecare into a global leader in providing expert health information online.”

Mr. Draughon joined South Bend, Indiana-based Press Ganey in 2009 as CFO. He later assumed responsibility for the company’s day-to-day operations when his role expanded to CEO. Prior to joining Press Ganey, Mr. Draughon served in a variety of roles in finance and corporate development at HLTH Corporation and its subsidiary, WebMD Health Corp., including as CFO of WebMD prior to its merger with HLTH, where Mr. Draughon developed and led multiple strategic partnerships with many of the world’s largest technology companies.

Mr. Draughon, who resides with his family in Atlanta, graduated from the Fuqua School of Business at Duke University with a master’s in business administration, and he earned a bachelor’s in economics from Wake Forest University.



About Premiere Global Services, Inc. PGi

PGi is a global leader in virtual meetings. For 20 years, we have innovated technologies that help people meet and collaborate in more enjoyable and productive ways. Every month, we bring together over 15 million people in nearly 4 million virtual meetings. Headquartered in Atlanta, PGi has a presence in 24 countries worldwide. For more information, visit us at http://www.pgi.com.

###

Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere Global Services, Inc.’s forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of new services, including our iMeet® and GlobalMeet® services; our ability to attract new customers and to retain and further penetrate our existing customer base; risks associated with challenging global economic conditions; costs or difficulties related to the integration of any new technologies; service interruptions and network downtime; price increases from our telecommunications service providers; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security of transactions; our level of indebtedness; future write-downs of goodwill or other intangible assets; assessment of income, state sales and other taxes; restructuring and cost reduction initiatives and the market reaction thereto; risks associated with acquisitions and market expansion; the impact of the recent sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers; risks associated with international operations, including political instability and fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings with the Securities and Exchange Commission, including but not limited to the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2010. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.


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