Interactive Intelligence Inc - Annual Report of Employee Stock Plans (11-K)
June 30 2008 - 2:02PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 11-K
(Mark
One)
þ
ANNUAL REPORT PURSUANT TO SECTION
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the
fiscal year ended December 31, 2007
OR
r
TRANSITION REPORT PURSUANT TO SECTION
15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the
transition period from ____ to ____.
Commission file
number
:
000-27385
A.
Full
title of the plan and the address of the plan, if different from that of the
issuer named below:
INTERACTIVE
INTELLIGENCE, INC.
401(k)
SAVINGS PLAN
B.
Name of
issuer of the securities held pursuant to the plan and the address of its
principal executive office:
INTERACTIVE INTELLIGENCE,
INC.
7601 Interactive
Way
Indianapolis, Indiana
46278
REQUIRED
INFORMATION
Item
4. The Plan’s financial statements and schedule have been
prepared in accordance with the financial reporting requirements of the Employee
Retirement Income Security Act of 1974 (“ERISA”). To the extent required by
ERISA, the Plan’s financial statements have been examined by independent
accountants, except that the “limited scope exemption” contained in Section
103(a)(3)(C) of ERISA was not available. Such financial statements and schedule
are included in this Annual Report on Form 11-K in lieu of the information
required by Items 1-3 of Form 11-K.
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Page
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Financial Statements
and Exhibits
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(a)
Financial Statements:
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3
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Financial
Statements:
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4
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5
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6
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(b)
Supplemental Schedule:
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13
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14
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15
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See
Exhibit Index
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Supplemental schedules other than
those listed above have been omitted due to the absence of conditions under
which they are required.
Plan
Administrator
Interactive
Intelligence, Inc. 401(k) Savings Plan:
We have
audited the accompanying statements of net assets available for benefits of the
Interactive Intelligence, Inc. 401(k) Savings Plan as of December 31, 2007 and
2006, and the related statement of changes in net assets available for benefits
for the year ended December 31, 2007. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.
We
conducted our audits in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our
opinion, the financial statements referred to above present fairly, in all
material respects, the net assets available for benefits of the Plan as of
December 31, 2007 and 2006, and the changes in net assets available for benefits
for the year ended December 31, 2007 in conformity with accounting principles
generally accepted in the United States of America.
Our
audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule, Schedule H,
Line 4i-Schedule of Assets (Held at End of Year) as of December 31, 2007, is
presented for the purpose of additional analysis and is not a required part of
the basic financial statements but is supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974. This supplemental schedule
is the responsibility of the Plan's management. The supplemental schedule has
been subjected to the auditing procedures applied in the audits of the basic
financial statements and, in our opinion, is fairly stated in all material
respects in relation to the basic financial statements taken as a
whole.
/s/ KPMG
LLP
Indianapolis,
Indiana
Statements of Net Assets Available
for Benefits
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December
31,
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Assets:
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2007
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2006
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Cash
and cash equivalents
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$
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45,053
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$
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2,000
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Investments,
at fair value
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16,918,359
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12,632,960
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Participant
loans
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178,246
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173,667
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Receivables:
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Employer
contributions
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311,809
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—
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Net
assets available for benefits, at fair value
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17,453,467
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12,808,627
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Adjustment
from fair value to contract value for fully benefit-responsive investment
contracts
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7,606
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15,915
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Net
assets available for benefits
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$
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17,461,073
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$
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12,824,542
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See accompanying notes to financial
statements
Statement of Changes in Net Assets
Available for Benefits
Year
Ended December 31, 2007
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Additions
to net assets attributed to:
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Contributions:
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Participants
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$
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2,599,823
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Rollovers
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729,510
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Employer
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311,809
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3,641,142
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Investment
income:
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Dividend
income
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1,130,338
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Net
realized and unrealized appreciation in fair value of
investments
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343,469
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Interest
income
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12,952
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1,486,759
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Total
additions
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5,127,901
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Deductions
from net assets attributed to:
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Benefits
paid to participants
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489,844
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Administrative
expenses
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1,526
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Total
deductions
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491,370
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Net
increase
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4,636,531
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Net
assets available for benefits at:
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Beginning
of year
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12,824,542
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End
of year
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$
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17,461,073
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See accompanying notes to financial
statements
Notes to Financial
Statements
December 31, 2007
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1.
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DESCRIPTION OF THE
PLAN
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The
following brief description of the Interactive Intelligence, Inc. 401(k) Savings
Plan (the “Plan”) provides only general information. Participants should refer
to the Plan document for a more complete description of the Plan’s provisions.
The Plan is subject to the provisions of the Employee Retirement Income Security
Act of 1974 (“ERISA”).
General
The Plan
is a defined contribution plan established by Interactive Intelligence, Inc.
(the “Company” and “Plan Administrator”) for qualifying employees effective
January 1, 1996. The Plan is administered by an Investment Committee
appointed by the Company. The trustee and record-keeper of the Plan is Merrill
Lynch Trust Company, FSB (“Merrill Lynch” or the “Trustee”). The purpose of the
Plan is to provide retirement income and other benefits to eligible employees of
the Company.
On
September 29, 2006, the investment management businesses of BlackRock, Inc. and
Merrill Lynch completed a merger (the “Merger”) that created a new independent
company (the “Combined Company”) that became the custodian of all investment
funds previously managed by the two companies. Following the Merger, the
Combined Company has operated under the BlackRock name, however, the Merger did
not constitute a change in the Trustee of the Plan.
Plan
Termination
Although
the Company has not expressed any intent to terminate the Plan, it has the
option to do so at any time subject to the provisions of ERISA. Upon termination
of the Plan, either full or partial, participants become fully vested in their
entire account balances.
Eligibility
For
purposes of making a pretax contribution or rollover contribution, an employee
must have reached 21 years of age to be eligible for participation in the Plan.
If an employee has met the age requirement, he or she is eligible to participate
in the Plan as of his or her first day of service.
Contributions
Each year
participants may contribute up to 50% of their pretax annual compensation, as
defined in the Plan. Participant contributions are subject to the maximum
limitations as defined in the Internal Revenue Code, as amended (the “Code”),
plus “catch-up” adjustments as permitted by the Code. Participants may also
contribute amounts representing qualified rollovers from other qualified benefit
plans. Qualified matching and qualified non-elective Company contributions may
be made as determined by the Company. Prior to December 31, 2007, the Company
made no contributions to the Plan.
In
December 2006, the Company announced to its employees that for the year ended
December 31, 2007, and subject to the Company achieving a certain annual
financial performance target, the Company would make a Company matching
contribution to eligible participants, as defined in the Plan, up to 25% of the
first 4% of the eligible participants’ contributions. See Note 9 –
Subsequent Events for information about the Company match.
Rollover
and Transfer Contributions
The Plan
permits participants to have their account balance in other qualified plans
rolled over to the Plan. Such transfers or rollovers to the Plan may only be
made with the approval of the Plan Administrator and do not affect any other
contributions made by or on behalf of a participant.
INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
Vesting
Participants
are immediately vested in their contributions plus the actual earnings thereon.
For an eligible participant who has worked for the Company for less than four
years at the time of the Company matching contribution, the contribution will
vest in equal installments over four years based on the anniversary date of the
participant’s employment. For an eligible participant who has worked for the
Company for four or more years at the time of contribution, the contribution
will be 100% vested.
Participant
Accounts
Each
participant’s account is credited with the participant’s contributions,
rollovers, Company contributions, if any, and an allocation of Plan earnings.
Investment earnings are allocated proportionately among all participants’
accounts based on the ratio of their account balance to the total fund balance.
The benefit to which a participant is entitled equals the participant’s vested
account balance.
Investment
Options
Participants
may direct their pretax contributions to any of the investment options selected
by the Plan Administrator. All investment elections are
participant-directed.
Payment
of Benefits
Upon
termination of service or retirement, participants may elect to receive payments
over a period provided in the Plan Document or in a lump sum amount equal to the
vested portion of their accounts as of the most recent valuation date before the
distribution. Participants may also elect in-service withdrawals or rollover
their accounts from the Plan to another qualified retirement plan. Such benefit
payments are subject to the provisions of the Plan.
Participant
Loans
A
participant of the Plan can borrow from his or her account. Amounts borrowed by
the participant are transferred from one or more of the investment funds. The
participant pays interest on the loan based on market rates at the date the loan
is issued. This interest is credited to the participant’s account balance. Both
the maximum amounts available and repayment terms for such borrowings are
subject to the provisions of the Plan.
Forfeitures
Forfeitures
are non-vested account balances of terminated employees, which may be applied at
the discretion of the Company. Prior to January 1, 2008, there were no
forfeitures as participants were 100% vested in their account balances, which
consisted of employee contributions and investment earnings. Effective January
1, 2008, as a result of the Company matching contribution for 2007, forfeitures
will be used first to reduce Employer contributions. Any remaining forfeitures
will be used to offset Plan expenses with any remaining forfeitures then
allocated to participants’ account balances. There were no forfeited non-vested
balances during 2007 and 2006.
Administrative
Expenses
Expenses
related to the Plan may be paid by either the Plan or the Company; however, the
Company has typically paid for substantially all of the Plan’s
expenses.
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2.
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SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES
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Basis of
Accounting
The
financial statements of the Plan have been prepared under the accrual basis of
accounting.
INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
Recent
Accounting Pronouncements
In
September 2006, the Financial Accounting Standards Board (“FASB”) issued
Statement of Financial Accounting Standards (“SFAS”) No. 157,
Fair
Value Measurements
(“SFAS 157”). SFAS 157 defines fair value, establishes
a framework for measuring fair value in generally accepted accounting principles
and expands disclosures about fair value measurements. This Statement applies to
previous accounting pronouncements that require or permit fair value
measurements. Accordingly, SFAS 157 does not require any new fair value
measurements. SFAS 157 became effective for the Plan beginning January 1, 2008.
Upon early adoption of SFAS 157, there was no material impact on the Plan’s
financial statements. See Note 3 for further information and related disclosures
regarding the Plan’s fair value measurements.
In December 2005, the FASB
issued FASB Staff Position AAG INV-1 and Statement of Position 94-4-1,
Reporting
of Fully Benefit-Responsive Investment Contracts Held by Certain Investment
Companies Subject to the AICPA Investment Company Audit Guide and
Defined-Contribution Health and Welfare and Pension Plans
(the “FSP”).
The FSP provides a definition of fully benefit-responsive investment contracts
and guidance on financial statement presentation and disclosure of fully
benefit-responsive investment contracts. As of December 31, 2007, the Plan
adopted the FSP and has retroactively restated the December 31, 2006
presentation of investments in the accompanying Statements of Net Assets
Available for Benefits as required by the transition provisions of the FSP. The
implementation of the FSP had no net impact on the net assets of the Plan and
only affects the presentation of the investments within the Plan’s Statements of
Net Assets Available for Benefits.
Use of
Estimates
The
preparation of financial statements in conformity with U.S. generally accepted
accounting principles requires management to make estimates that affect the
amounts reported in the financial statements and accompanying notes. Actual
results could differ from those estimates.
Investment Valuation and Income
Recognition
Except
for the Plan’s investment in the common collective trust, the Plan’s investments
are stated at fair value. The investments in the common collective trust
(primarily fully benefit-responsive investment contracts) are stated at contract
value which is equal to the principal balance plus accrued interest. The fair
value of fully benefit-responsive investment contracts is calculated using a
discounted cash flow model which considers recent fee bids as determined by
recognized dealers, discount rate and the duration of the underlying portfolio
securities.
One of
the investment options offered by the Plan, the Retirement Preservation Trust
(formerly the “Merrill Lynch Retirement Preservation Trust”), is a common
collective trust that primarily invests in synthetic guaranteed investment
contracts (“SIC”) deemed to be fully benefit-responsive within the meaning of
the FSP. SIC contracts are a combination of a portfolio of securities plus
wrapper contracts issued by financially responsible third-parties (typically
financial institutions). A wrapper contract generally provides market and cash
flow protection to the Plan.
The FSP
requires that these investments be reported at fair value, which
includes the value of the underlying securities and the value of the wrapper
contracts. SIC wrapper contracts are valued by determining the difference
between the present value of the replacement cost of the wrapper contract and
the present value of the contractually obligated payments in the original
wrapper contract. However, contract value is the relevant measure to the Plan
because it is the amount that is available for Plan benefits. Accordingly,
investments as reflected in the Statements of Net Assets Available for Benefits
state the Retirement Preservation Trust at its fair value, with a corresponding
adjustment to reflect the investment at its contract value.
Shares of
Interactive Intelligence, Inc. common stock are traded on a national securities
exchange and are valued at the last reported sales price on the last business
day of the Plan year. Mutual funds are valued at quoted market prices that
represent the net asset values of shares held by the Plan at the end of the Plan
year. Participant loans are valued at their outstanding balances, which
approximate fair value.
Purchases
and sales are recorded on a trade-date basis. Interest income is recorded on an
accrual basis.
INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
Payments
to participants, including in-service withdrawals, transfers and qualified
distributions, are recorded when paid.
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3.
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FAIR VALUE
MEASUREMENTS
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As of
December 31, 2007, the Plan adopted SFAS 157, which establishes a fair value
hierarchy that prioritizes the inputs to valuation techniques used to measure
fair value. The hierarchy gives the highest priority to unadjusted quoted prices
in active markets for identical assets or liabilities (Level 1 measurements) and
the lowest priority to unobservable inputs (Level 3 measurements). The three
levels of the fair value hierarchy under SFAS No. 157 are described
below:
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●
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Level
1
- Unadjusted quoted prices in active markets that are accessible
at the measurement date for identical, unrestricted assets or
liabilities.
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●
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Level
2
- Observable inputs other than Level 1 prices such as quoted
prices for similar assets or liabilities; quoted prices in markets that
are not active; or other inputs that are observable or can be corroborated
by observable market data for substantially the full term of the assets or
liabilities.
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●
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Level
3
- Unobservable inputs that are supported by little or no market
activity and that are significant to the fair value of the assets or
liabilities.
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The
Plan’s investments that are measured at fair value on a recurring basis, such as
money market funds, mutual funds and equity securities, are generally classified
within Level 1 of the fair value hierarchy. The fair value of these
investments is valued based on quoted market prices in active markets. The
Plan also invests in a common collective trust whose funds are traded daily and
does not adjust the quoted price for such investments.
The
following table sets forth a summary of the Plan’s investments measured at fair
value on a recurring basis as of December 31, 2007:
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Fair
Value Measurements at
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Quoted
Prices in
Active
Markets for
Identical
Assets
(Level
1)
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Significant
Other
Observable
Inputs
(Level
2)
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Significant
Unobservable
Inputs
(Level
3)
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Cash
and cash equivalents
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$
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45,053
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$
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45,053
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N/A
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N/A
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Mutual
funds
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15,060,984
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15,060,984
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N/A
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N/A
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Interactive
Intelligence, Inc. common stock
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1,019,912
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1,019,912
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N/A
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N/A
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Common
collective trust (1)
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837,463
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--
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837,463
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N/A
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Total
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$
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16,963,412
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$
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16,125,949
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837,463
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N/A
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(1)
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Although
the amount reflected in the table represents the fair value of this
investment, the contract value (the amount available for Plan benefits)
was $845,069 as of December 31,
2007.
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INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
Except
for the Plan’s investment in the common collective trust, investments are stated
at current market value. The investments in the common collective trust (fully
benefit-responsive investment contracts) are stated at contract value which is
equal to the principal balance plus accrued interest. The market value of
individual investments that represent 5% or more of the Plan’s net assets as
follows:
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December
31,
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2007
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2006
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Mutual
funds:
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Davis
NY Venture A
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$
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2,508,092
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$
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1,830,085
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Franklin
Small-Mid Cap Growth A
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2,444,540
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661,390
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American
Funds Growth Fund of America R3
|
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2,363,987
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1,777,773
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American
Funds Capital World Growth & Income R3
|
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2,237,794
|
|
|
|
1,432,410
|
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*
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BlackRock
S&P 500 Index I
|
|
|
1,260,012
|
|
|
|
1,143,424
|
|
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PIMCO
Total Return A
|
|
|
1,209,011
|
|
|
|
794,018
|
|
|
*
|
BlackRock
Global Allocation A
|
|
|
832,641
|
|
|
|
699,015
|
|
|
|
MFS
Utilities Fund A
|
|
|
808,890
|
|
|
|
**
|
|
|
|
Van
Kampen Aggressive Growth A (1)
|
|
|
--
|
|
|
|
1,015,608
|
|
|
|
|
|
|
|
|
|
|
|
|
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Common
stock:
|
|
|
|
|
|
|
|
|
|
*
|
Interactive
Intelligence, Inc.
|
|
|
1,019,912
|
|
|
|
891,374
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common collective
trust:
|
|
|
|
|
|
|
|
|
|
*
|
Retirement
Preservation Trust (2)
|
|
|
845,069
|
(2)
|
|
|
838,937
|
(2)
|
_______________
|
*
|
Indicates
a party-in-interest to the Plan.
|
|
|
|
|
**
|
Investment
did not represent 5% or more of the Plan’s net assets as of December 31,
2006
.
|
|
|
|
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(1)
|
No
longer an investment option in the
Plan
.
|
|
|
|
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(2)
|
Formerly
the Merrill Lynch Retirement Reserves Money Fund. The amounts as of
December 31, 2007 and 2006 represent the contract value, which is the
amount available for Plan benefits. The fair value of these amounts was
$837,463 and $823,022 as of December 31, 2007 and 2006,
respectively.
|
During
2007, the Plan’s investments (including gains and losses on investments
purchased and sold, as well as held during the year) appreciated in fair value
as determined by quoted market prices as follows:
|
|
Net
Realized and Unrealized Appreciation in Fair
Value
of Investments
|
|
Mutual
funds
|
$
|
165,003
|
|
Interactive
Intelligence, Inc. common stock
|
|
|
|
|
$
|
343,469
|
INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
The Plan
is a proto-type plan administered by Merrill Lynch. The Internal Revenue Service
has determined and informed the Plan Administrator by a letter dated March 31,
2008 that its amended and restated prototype plan as of January 1, 2007 is
designed in accordance with Section 401(a) of the Code and, therefore, the
related trust is exempt from taxation. The Plan is required to operate in
conformity with the Code to maintain its qualification. The Plan Administrator
believes the Plan is designed, and is currently being operated, in compliance
with the applicable requirements of the Code and, therefore, believes that the
Plan is qualified and the related trust is tax-exempt.
|
6.
|
RISKS AND
UNCERTAINTIES
|
The Plan
invests in various types of investment securities. Investment securities, in
general, are exposed to various risks, such as interest rate, market and credit
risks. Due to the level of risk associated with certain investment securities,
it is reasonably possible to expect that changes in the values of investment
securities will occur in the near term and that such changes could materially
affect the participants’ account balances and the amounts reported in the
statements of net assets available for benefits.
|
7.
|
PARTIES-IN-INTEREST
TRANSACTIONS
|
As
discussed in Note 1, the investment management businesses of BlackRock and
Merrill Lynch completed a merger that created a Combined Company that became the
custodian of all investment funds. Certain Plan investments are shares of mutual
funds and a common collective trust previously managed separately by the two
companies prior to the Merger but during 2007 were managed by the Combined
Company. Therefore, transactions involving these types of investments qualify as
party-in-interest transactions. There have been no fees paid by the Plan during
2007 or 2006 for investment management services provided by the Combined Company
or previously by the two individual companies prior to the
Merger.
In
addition, the Plan’s investments include shares of the Company’s common stock.
Therefore, transactions involving the acquisition or disposition of the
Company’s common stock also qualify as party-in-interest transactions. The
Company has never declared or paid cash dividends on its common stock and does
not expect to declare or pay any cash dividends in the foreseeable
future.
|
8.
|
RECONCILIATION
OF FINANCIAL STATEMENTS TO FORM
5500
|
The
following is a reconciliation of net assets available for benefits according to
the financial statements at December 31, 2007 as compared to the Form
5500:
|
|
|
|
|
|
Net
assets available for benefits according to the financial
statements
|
|
$
|
17,461,073
|
|
|
Less:
Amounts allocated to withdrawing participants at December 31,
2007
|
|
|
(43,873
|
)
|
|
Net
assets available for benefits according to the Form 5500
|
|
$
|
17,417,200
|
|
Amounts
allocated to withdrawing participants are recorded on the Form 5500 for benefit
claims that have been processed and approved for payment prior to December 31,
but not yet distributed as of that
date.
INTERACTIVE INTELLIGENCE, INC. 401(k)
SAVINGS PLAN
Notes to Financial Statements
(continued)
As
discussed in Note 1, the Company announced to its employees that for the year
ended December 31, 2007 and subject to the Company achieving a certain annual
financial performance target, the Company would make a matching contribution to
eligible participants, up to 25% of the first 4% of the participants’
contributions to the Plan. Upon determination of the Company’s fiscal 2007
financial results, which were not finalized until early 2008, it was determined
that the Company had met the annual performance target during 2007, and each
eligible participant received the applicable Company matching contribution
during the first quarter of 2008. The total amount of the Company’s
matching contribution for the year ended December 31, 2007 was
$311,809.
In
February 2008, the Company announced to its employees that for the year ended
December 31, 2008, and subject to the Company achieving specified financial
performance targets, the Company will make a matching contribution to eligible
participants, up to 25% of the first 8% of the participants’ pre-tax
compensation contributed to the Plan. The Company matching contribution will be
credited to the participants’ accounts as soon as practicable after the
Company’s annual financial results are determined and the Company achieves the
financial performance target.
SUPPLEMENTAL
SCHEDULE
Schedule H, Line 4i
-
Schedule of
Assets
(Held At End of
Year)
|
EIN:
35-1933097
|
Plan Number:
002
|
December 31, 2007
|
(a)
|
|
(b) Identity of issue,
borrower, lessor or similar party
|
|
(c) Description of investment
including maturity date, rate of interest, collateral, par, or maturity
value
|
|
(e) Current
value
|
|
|
|
Mutual
funds:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
shares
|
|
$
|
|
|
|
|
Franklin
Small-Mid Cap Growth A
|
|
|
|
|
shares
|
|
|
|
|
|
|
American
Funds Growth Fund of America R3
|
|
|
|
|
shares
|
|
|
|
|
|
|
American
Funds Capital World Growth & Income R3
|
|
|
50,389
|
|
shares
|
|
|
2,237,794
|
|
*
|
|
BlackRock
S&P 500 Index I
|
|
|
69,962
|
|
shares
|
|
|
1,260,012
|
|
|
|
PIMCO
Total Return A
|
|
|
113,097
|
|
shares
|
|
|
1,209,011
|
|
*
|
|
BlackRock
Global Allocation A
|
|
|
|
|
shares
|
|
|
|
|
|
|
MFS
Utilities A
|
|
|
41,803
|
|
shares
|
|
|
808,890
|
|
|
|
Oppenheimer
Developing Markets A
|
|
|
9,486
|
|
shares
|
|
|
461,472
|
|
|
|
Munder
Micro-Cap Equity A
|
|
|
7,417
|
|
shares
|
|
|
260,543
|
|
|
|
Seligman
Communication & Information A
|
|
|
5,767
|
|
shares
|
|
|
220,294
|
|
*
|
|
BlackRock
Healthcare A
|
|
|
|
|
shares
|
|
|
|
|
|
|
Eaton
Vance Income Fund of Boston A
|
|
|
|
|
shares
|
|
|
|
|
|
|
Goldman
Sachs Mid Cap Value A
|
|
|
|
|
shares
|
|
|
|
|
|
|
Total
mutual funds
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common
stock:
|
|
|
|
|
|
|
|
|
|
*
|
|
Interactive
Intelligence, Inc.
|
|
|
|
|
shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common collective
trust:
|
|
|
|
|
|
|
|
|
|
*
|
|
Retirement
Preservation Trust
|
|
|
|
|
shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
Participant
loans
|
Interest rates range from 5.00% to 9.25%
with various maturity dates
|
|
|
|
_____________
|
|
|
|
|
|
|
$
|
17,104,211
|
|
*
|
Indicates
a party-in-interest to the Plan.
|
|
|
|
|
**
|
Disclosure
of historical cost information, column (d), has been omitted as all
investments are
participant-directed
.
|
See accompanying report of
independent registered public accounting firm
The Plan.
Pursuant
to the requirements of the Securities Exchange Act of 1934, the trustees (or
other persons who administer the employee benefit plan) have duly caused this
annual report to be signed on its behalf by the undersigned hereunto duly
authorized.
|
|
|
INTERACTIVE
INTELLIGENCE, INC. 401(k) SAVINGS PLAN
|
|
|
|
(Name
of Plan)
|
|
|
|
|
|
|
|
|
/s/ Stephen R.
Head
|
|
|
|
Stephen R.
Head
,
Chief Financial
Officer
|
|
|
|
Interactive Intelligence,
Inc.
|
|
|
|
|
|
|
|
/s/ Debra L.
Jones
|
|
|
|
Debra L.
Jones
,
Director of Human
Resources
|
|
|
|
Interactive
Intelligence, Inc.
|
|
Exhibit No.
|
|
Description
|
|
23.1
|
|
Consent
of KPMG LLP, Independent Registered Public Accounting
Firm
|
Interactive Intelligence Grp., Inc. (NASDAQ:ININ)
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