Current Report Filing (8-k)
February 21 2017 - 8:03AM
Edgar (US Regulatory)
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): February 21, 2017
UBIQUITI NETWORKS,
INC.
(Exact name of registrant as specified in its
charter)
Delaware
(State or other jurisdiction of incorporation)
001-35300
(Commission File Number)
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32-0097377
(IRS Employer Identification No.)
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2580 Orchard Parkway
San Jose, CA 95131
(Address of principal
executive offices, including zip code)
(408) 942-3085
(Registrant’s
telephone number, including area code)
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:
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01
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Regulation FD Disclosure.
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Ubiquiti Networks, Inc.
(the “Company”) expects to use the investor presentation, in whole or in part, and possibly with modifications, in
connection with presentations by Company management to investors, analysts and others. A copy of the investor presentation is attached
hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
The information on this Current Report on Form
8-K, including Exhibit 99.1, is being furnished and shall not be deemed to be “filed” for the purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933,
as amended, in each case, whether made before or after the date hereof, regardless of any general incorporation language in such
filing. Other documents filed with the Securities and Exchange Commission (the “SEC”) shall not incorporate this information
by reference, except as otherwise expressly stated in such filing.
By filing this Current Report on Form 8-K and
furnishing the information contained herein, the Company makes no admission as to the materiality of any information in this report
that is required to be disclosed solely by reason of Regulation FD. The information contained in the investor presentation is summary
information that is intended to be considered in the context of the Company’s SEC filings and other public announcements
that the Company may make, by press release or otherwise, from time to time. The Company expressly disclaims any duty or obligation
to publicly update or revise the information contained in this Current Report on Form 8-K, although it may do so from time to time
as its management believes is warranted. Any such updating may be made through the filing of other reports or documents with the
SEC, through press releases or through other public disclosure.
The investor presentation
is available on the Company’s website located at
http://ir.ubnt.com/
, although the Company reserves the right to
discontinue the availability at any time. The information on the Company’s corporate website is not part of this Current
Report on Form 8-K.
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Item 9.01
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Financial Statements and Exhibits.
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(d) Exhibits
Exhibit No.
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Description
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99.1
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Investor Presentation of the Company dated February 2017.*
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*
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Exhibit 99.1 hereto is being furnished and shall not
be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of
that section, nor shall Exhibit 99.1 be deemed incorporated by reference into any filing of the Company under the Securities
Act of 1933, as amended, in each case, whether made before or after the date hereof, regardless of any general incorporation language
in such filing, except as expressly set forth in such filing.
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Forward Looking Statements
Certain statements in this
Current Report on Form 8-K are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including
words such as “look”, “will”, “anticipate”, “believe”, “estimate”,
“expect”, “forecast”, “consider” and “plan”
and statements in the future tense are forward
looking statements. The statements in this Current Report on Form 8-K that could be deemed forward-looking statements include
statements regarding our expectations for our financial results for the fiscal quarter ended December 31, 2016 and statements
regarding expectations related to our cash position, expenses, days sales outstanding in accounts receivable, number of distributors
and resellers, gross margin, research and development, sales, financial goals, general and administrative expenses, tax rates,
inventory turns, growth opportunities and rates, demand and long term global environment for our products, our markets (whether
total or addressable) and market shares for our products, new products, and financial performance estimates including revenues,
GAAP diluted EPS and non-GAAP diluted EPS for the Company’s fiscal quarter ending December 31, 2016, and any statements
or assumptions underlying any of the foregoing. Forward-looking statements are subject to certain risks and uncertainties that
could cause our actual future results to differ materially, or cause a material adverse impact on our results. Potential risks
and uncertainties include, but are not limited to, fluctuations in our operating results; varying demand for our products due
to the financial and operating condition of our distributors and their customers, and distributors’ inventory management
practices; political and economic conditions and volatility affecting the stability of business environments, economic growth,
currency values, commodity prices and other factors that may influence the ultimate demand for our products in particular geographies
or globally; impact of counterfeiting and our ability to contain such impact; our reliance on a limited number of distributors;
inability of our contract manufacturers and suppliers to meet our demand; our dependence on Qualcomm Atheros for chipsets without
a short-term alternative; as we move into new markets competition from certain of our current or potential competitors who may
be more established in such markets; our ability to keep pace with technological and market developments; success and timing of
new product introductions by us and the performance of our products generally; our ability to effectively manage the significant
increase in our transactional sales volumes; we may become subject to warranty claims, product liability and product recalls;
that a substantial majority of our sales are into countries outside the United States and we are subject to numerous U.S. export
control and economic sanctions laws; costs related to responding to government inquiries related to regulatory compliance; our
reliance on the Ubiquiti Community; our reliance on certain key members of our management team, including our founder and chief
executive officer, Robert J. Pera; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax
legislative proposals; whether the final determination of our income tax liability may be materially different from our income
tax provisions; the impact of any intellectual property litigation and claims for indemnification and litigation related to U.S.
Securities laws and economic and political conditions in the United States and abroad. We discuss these risks in greater detail
under the heading “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended June 30,
2016, and subsequent filings filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available
at the SEC’s website at www.sec.gov. Copies may also be obtained by contacting the Ubiquiti Networks Investor Relations
Department, by email at IR@ubnt.com or by visiting the Investor Relations section of the Ubiquiti Networks website,
http://ir.ubnt.com
.
Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements
represent our management's beliefs and assumptions only as of the date made. Except as required by law, Ubiquiti Networks undertakes
no obligation to update information contained herein. You should review our SEC filings carefully and with the understanding that
our actual future results may be materially different from what we expect.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: February 21, 2017
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Ubiquiti Networks, Inc.
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By:
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/s/ Robert J. Pera
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Name:
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Robert J. Pera
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Title:
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Chief Executive Officer
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