Amended Shareholder Nomination Disclosure (sc 14n/a)
March 30 2017 - 8:33AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14N/A
UNDER THE SECURITIES EXCHANGE ACT OF
1934
(Amendment No. 2)*
MAGICJACK
VOCALTEC LTD.
|
(Name of Issuer)
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Ordinary shares, no par value
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(Title of Class of Securities)
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M6787E101
(CUSIP Number)
¨
Solicitation Pursuant to § 240.14a-2(b)(7)
¨
Solicitation Pursuant to § 240.14a-2(b)(8)
¨
Notice of Submission of a Nominee or Nominees in Accordance with § 240.14a-11
x
Notice
of Submission of a Nominee or Nominees in Accordance with Procedures Set Forth Under Applicable State or Foreign Law, or the
Registrant's Governing Documents
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form, and for any subsequent amendment containing information which would alter the disclosures
provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
1
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name
of reporting persons
Paul
M. Posner
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2
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Mailing
address and phone number of each reporting person (or, where applicable, the authorized representative)
c/o Carnegie Technologies Holdings, LLC
8522 Broadway Street
Suite 217
San Antonio, Texas 78217
(210) 447-1277
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3
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Amount
of securities held that are entitled to be voted on the election of directors held by each reporting person (and, where applicable,
amount of securities held in the aggregate by the nominating shareholder group), but including loaned securities and net of securities
sold short or borrowed for purposes other than a short sale
:
247,334 Ordinary Shares (consisting
of 217,334 Ordinary Shares held by Paul M. Posner and 30,000 Ordinary Shares held by Carnegie Technologies – NY MJ Holdings,
LLC)
|
4
|
Number
of votes attributable to the securities entitled to be voted on the election of directors represented by amount in Row (3) (and,
where applicable, aggregate number of votes attributable to the securities entitled to be voted on the election of directors held
by group):
247,334 (such votes derived from
217,334 Ordinary Shares held by Paul M. Posner and 30,000 Ordinary Shares held by Carnegie Technologies – NY MJ Holdings,
LLC)
|
1
|
name
of reporting persons
CARNEGIE TECHNOLOGIES – NY MJ HOLDINGS,
LLC
|
2
|
Mailing
address and phone number of each reporting person (or, where applicable, the authorized representative)
c/o Carnegie Technologies Holdings, LLC
8522 Broadway Street
Suite 217
San Antonio, Texas 78217
(210) 447-1277
|
3
|
Amount
of securities held that are entitled to be voted on the election of directors held by each reporting person (and, where applicable,
amount of securities held in the aggregate by the nominating shareholder group), but including loaned securities and net of securities
sold short or borrowed for purposes other than a short sale
:
247,334 Ordinary Shares (consisting
of 30,000 Ordinary Shares held by Carnegie Technologies – NY MJ Holdings, LLC and 217,334 Ordinary Shares held by Paul M.
Posner)
|
4
|
Number
of votes attributable to the securities entitled to be voted on the election of directors represented by amount in Row (3) (and,
where applicable, aggregate number of votes attributable to the securities entitled to be voted on the election of directors held
by group):
247,334 (such votes derived from
30,000 Ordinary Shares held by Carnegie Technologies – NY MJ Holdings, LLC and 217,334 Ordinary Shares held by Paul M. Posner)
|
SCHEDULE 14N
This Amendment No. 2 to Statement on Schedule
14N (this “Amendment No. 2”) amends the Statement on Schedule 14N filed by the Reporting Persons on January 18, 2017
(as further amended on March 2, 2017, the “Schedule 14N”), with respect to the Ordinary Shares, with no par value (the
“Ordinary Shares”), of magicJack VocalTec, Ltd., a company organized under the laws of the State of Israel (the “Issuer”).
Capitalized terms used but not defined in this Amendment No. 2 shall have the meanings set forth in the Schedule 14N. Except as
amended and supplemented by this Amendment No. 2, the Schedule 14N remains unchanged.
Item 7. Notice of Dissolution of Group
or Termination of Shareholder Nomination
On March 30, 2017, the Reporting
Persons issued a press release announcing the withdrawal of their nomination of Messrs. Frank J. Bell, Nabil N. El-Hage, Richard
L. Kimsey, Morris A. Miller, and Richard W. Talarico for election to the Board of the Issuer at the 2016 Annual Meeting (the “Nominations”).
The press release has been filed as Appendix A to this Amendment No. 2.
The Reporting Persons acquired the Ordinary
Shares reported in this Schedule 14N for investment purposes. The Reporting Persons may in the future acquire additional Ordinary
Shares or dispose of some or all of the Ordinary Shares held by the Reporting Persons in open-market transactions or privately
negotiated transactions, on such terms and at such times as the Reporting Persons may deem advisable. The Reporting Persons may
engage in short selling or hedging or similar transactions with respect to the Ordinary Shares, on such terms and at such times
as the Reporting Persons may deem advisable, subject to applicable law.
Item 8. Signatures
Each of the undersigned,
after reasonable inquiry and to the best of their knowledge and belief, certify that the information set forth in this notice on
Schedule 14N/A Amendment No. 2 is true, complete and correct.
Date: March 30,
2017
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/s/ Paul M. Posner
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Paul M. Posner
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CARNEGIE TECHNOLOGIES – NY MJ HOLDINGS, LLC
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|
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Date: March 30,
2017
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By:
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/s/ Paul M. Posner
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Name: Paul M. Posner
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Title: Member
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|
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|
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CARNEGIE TECHNOLOGIES HOLDINGS, LLC
|
|
|
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Date: March 30, 2017
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By:
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/s/ Paul M. Posner
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Name: Paul M. Posner
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Title: Member
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APPENDIX A
Carnegie Technologies Issues Statement
Regarding magicJack’s Annual Meeting
SAN ANTONIO, TX - March 30, 2017 –
Carnegie Technologies
Holdings, LLC and Founder Paul Posner (“Carnegie”), the holder of approximately 1.6% of the shares in magicJack VocalTec
Ltd. (“magicJack” or the “Company”) (NASDAQ:CALL), today issued the following statement regarding the
2016 Annual Meeting of Shareholders of magicJack.
Paul Posner, Founder and CEO of Carnegie Technologies, said,
“As a result of Carnegie’s director nominations on January 5, 2017 and the strong response we received from fellow
shareholders, magicJack’s Board has finally begun making positive steps towards unlocking shareholder value. We are encouraged
by the Board’s recently announced strategic alternatives process and the engagement we have had with the Company over the
last few weeks. Carnegie will continue to be an active participant in the strategic alternatives process and welcomes other parties
involved, or considering involvement, to contact us to discuss joint transaction structures that are mutually beneficial.”
Added Posner, “At this important juncture for shareholder
value creation, we have decided to withdraw our nomination of directors and we expect the Board to follow through, in a demonstrable
and public way, on its commitment to the strategic alternatives process. We want to thank our fellow shareholders for their support
in helping prompt this value creation process.”
About Carnegie Technologies and Paul Posner
Carnegie Technologies creates communications products that take
advantage of the fundamental shifts occurring in the communications technology ecosystem. Founded in 2010 by Paul Posner, Carnegie
Technologies has over 100 employees, engineering teams on four continents, and deep expertise in application development, mobile
devices, and cellular core network operations. Paul Posner, prior to Carnegie, has a long history developing telecommunications
companies including Pocket Communications, Discount Cellular & Paging, PageTexas, and several others, including a successful
exit valued at more than $200 million from a wholly-owned cellular operation that he built from the ground up.
Contact:
Investors
MacKenzie Partners, Inc.
Paul Schulman (212) 929-5364
Bob Marese (212) 929-5045
Media
Gagnier Communications
Dan Gagnier (646) 569-5897
Patrick Reynolds (646) 569-5879
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