0001193125-12-500141.txt : 20121212 0001193125-12-500141.hdr.sgml : 20121212 20121212163924 ACCESSION NUMBER: 0001193125-12-500141 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121212 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121212 DATE AS OF CHANGE: 20121212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVANT E CORP CENTRAL INDEX KEY: 0000925043 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 880339012 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30983 FILM NUMBER: 121259564 BUSINESS ADDRESS: STREET 1: 2434 ESQUIRE DRIVE CITY: BEAVERCREEK STATE: OH ZIP: 45431 BUSINESS PHONE: 9374294288 MAIL ADDRESS: STREET 1: 2434 ESQUIRE DRIVE CITY: BEAVERCREEK STATE: OH ZIP: 45431 FORMER COMPANY: FORMER CONFORMED NAME: TWILIGHT PRODUCTIONS LTD DATE OF NAME CHANGE: 20000703 8-K 1 d452741d8k.htm 8-K 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): December 12, 2012

 

 

ADVANT-E CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   0-30983   88-0339012

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

2434 Esquire Dr., Beavercreek, OH   45431
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: 937-429-4288

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 8.01 OTHER EVENTS.

On December 12, 2012, Advant-e Corporation issued a press release announcing that the Company’s Board of Directors had authorized the payment of a cash dividend of $.02 per share, payable on December 28, 2012 to shareholders of record of the Company’s Common Stock as of December 18, 2012.

The Company also provided an update to its Corporate Actions previously taken and reported on November 5, 2012: a $2 million Share Repurchase Program, a Reverse/Forward Stock Split, and Voluntary Suspension of the Company’s Obligation to File Reports with the SEC.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) EXHIBITS.

 

Exhibit

Number

    

Description

  

Method of Filing

99.1

     Company Press Release    Filed herewith


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.

 

   

Advant-e Corporation

(Registrant)

December 12, 2012     By:  

/s/ Jason K. Wadzinski

      Jason K. Wadzinski
      Chief Executive Officer
EX-99.1 2 d452741dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Wednesday, December 12, 2012

Advant-e Corporation Announces $.02 per share Special Cash Dividend; Update on Corporate Actions

Dividend to be paid on December 28, 2012 to shareholders of record as of December 18, 2012

DAYTON, Ohio, December 12, 2012 — Advant-e Corporation (OTCQB: ADVC) today announced that its Board of Directors declared the payment of $.02 per share special cash dividend, payable on December 28, 2012 to shareholders of record as of December 18, 2012. The $.02 per share cash dividend will total approximately $1.3 Million.

The Company also provided the following update to Corporate Actions that were announced on November 5, 2012:

$2 million Share Repurchase Program – As of December 11, 2012, the Company has repurchased 4.3 million shares at a cost of $1.1 million at an average cost of approximately $.26 per share. As a result, $.9 million remains available for purchase of shares on the open market or in privately negotiated transactions.

Forward/Reverse Split – On November 30, 2012 the Company filed a Preliminary 14C with the SEC. Upon completion of the SEC’s review, the Company will file a Definitive 14C and mail it to the Company’s shareholders. Approximately twenty days after the mailing of the Definitive 14C, the Company will effect a 1-for-10,000 reverse split of its shares followed immediately by a 1,000-for-1 forward split. Shareholders holding a fractional share after the reverse stock split will be cashed out at $.27 per share on a pre-split basis. The reverse/forward split was approved by the written consent of the holders of 62% of the issued and outstanding shares of Common Stock.

Voluntary Suspension of the Company’s Obligation to File Reports with the SEC – As soon as practical after the Reverse/Forward splits, the Company intends to file a Form 15 with the SEC thereby suspending public reporting obligations.

Mr. Jason K. Wadzinski, Chairman and CEO of Advant-e stated, “We continue to make progress on our previously announced corporate actions. Because we are paying a special cash dividend prior to the completion of the reverse and forward splits, the $.02 per share dividend will be taken into account for the remainder of the share repurchase program.”

About Advant-e Corporation

Advant-e, via its wholly owned subsidiaries Edict Systems, Inc. and Merkur Group, Inc. is a provider of internet-based hosted Electronic Data Interchange (EDI) and electronic document management software and services. The Company helps businesses


automate manual, paper-intensive processes via expanded use of EDI or by integrating directly with ERP/MRP systems.

Additional information about Advant-e Corporation can be found at www.Advant-e.com, www.EdictSystems.com, and www.MerkurGroup.com, or by contacting investor relations at (937) 429-4288. The company’s email is advant-e@edictsystems.com.

The information in this news release includes certain forward looking statements that are based current expectations that involve a number of significant risks and uncertainties. Advant-e cautions investors not to place undue reliance on forward-looking statements because there can be no assurance that the forward-looking statements will prove to be correct and actual results could differ materially. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Advant-e undertakes no obligation to publicly update forward-looking statements at any time in the future.

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