Amended Tender Offer Statement by Issuer (sc To-i/a)
September 24 2013 - 11:41AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________
Amendment No. 4 to
SCHEDULE TO
(Rule 13e-4)
Tender Offer Statement Under Section 14(d)(1)
or 13(e)(1)
of the Securities Exchange Act of 1934
__________________________
QUMU CORPORATION
(Name of Subject Company (Issuer) and Filing
Person (Offeror))
__________________________
Options to Purchase Common Stock, $0.01 par
value
(Title of Class of Securities)
__________________________
766721104
(CUSIP Number of Class of Securities (Common
Stock))*
__________________________
Sherman L. Black
Chief Executive Officer
Qumu Corporation
7725 Washington Avenue South
Minneapolis, MN 55439
(952) 683-7900
(Name, address and telephone number of person
authorized to receive notices and
communications on behalf of filing person)
___________________________
Copies to:
April Hamlin
Charles P. Moorse
Lindquist & Vennum LLP
4200 IDS Center
80 South 8
th
Street
Minneapolis, MN 55402
(612) 371-3211
___________________________
CALCULATION OF FILING FEE
Transaction Valuation(1)
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Amount of Filing Fee
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$3,866,861.44
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$527.44
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(1)
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Estimated solely for the purposes of calculating the Amount of Filing Fee. The calculation of the
Transaction Valuation assumes that all 422,377 options to purchase the Issuer’s common stock that are eligible for exchange
will be exchanged and cancelled pursuant to this offer. The aggregate value of such options was calculated as of August 1, 2013
using a price per share of $9.155, the average of the Company’s high and low trading prices on this date.
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☒
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the
filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the
Form or Schedule and the date of its filing.
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Amount Previously Paid:
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$527.44
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Form or Registration No.:
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005-48436
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Filing Party:
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Rimage Corporation
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Date Filed:
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August 6, 2013
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☐
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Check the box if the filing relates solely to preliminary communications made before the commencement
of a tender offer.
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Check the appropriate boxes below to
designate any transactions to which the statement relates:
☐
third
party tender offer subject to Rule 14d-1.
☒
issuer
tender offer subject to Rule 13e-4.
☐
going-private
transaction subject to Rule 13e-3.
☐
amendment
to Schedule 13D under Rule 13d-2.
Check the following box if the filing
is a final amendment reporting the results of the tender offer:
* Represents the CUSIP number for the common
stock underlying the options. The options have not been assigned a CUSIP number.
Explanatory
note
This Amendment No.
4 amends and supplements the Schedule TO filed on August 6, 2013, as amended by Amendment No. 1 to Schedule TO filed on August
20, 2013, Amendment No. 2 to Schedule TO filed on September 9, 2013 and Amendment No. 3 to Schedule TO filed on September 20, 2013
(collectively the “
Schedule TO
”), relating to an offer (the “
Offer
”) by Qumu Corporation
(f/k/a Rimage Corporation) (the “
Company
”) to eligible employees to exchange some or all of their outstanding
eligible options for new options to be issued under the Company’s Second Amended and Restated 2007 Stock Incentive Plan on
the terms and subject to the conditions set forth in the Offer to Exchange Certain Outstanding Options for New Options dated August
6, 2013 filed as an exhibit to the Schedule TO filed on August 6, 2013 as supplemented by the Supplement to the Offer to Exchange
dated August 20, 2013 filed as an exhibit to Amendment No. 1 to Schedule TO filed on August 20, 2013 and as supplemented by
the Supplement No. 2 dated September 9, 2013 to the Offer to Exchange filed as an exhibit to Amendment No. 2 to Schedule TO filed
on September 9, 2013 (collectively, the “
Offer to Exchange
”).
This Amendment No.
4 reports the corrected results of the Offer and is filed in satisfaction of the reporting requirements of Rule 13e-4(c)(4) promulgated
under the Securities Exchange Act of 1934, as amended. Except as amended and supplemented hereby, all terms of the Offer and the
Offer to Exchange and all disclosures set forth in the Schedule TO and the exhibits thereto remain unchanged.
* * *
Item 4. Terms
of the Transaction.
Item 4(a) of the Schedule
TO is hereby amended and supplemented to add the following:
The Offer expired at 1:00
p.m., Eastern Time, on Wednesday, September 18, 2013. Pursuant to the Offer and in accordance with the terms and conditions of
the Offer, “eligible options” (as defined in the Offer to Exchange) to purchase an aggregate of 181,815 shares of the
Company's common stock were validly tendered and not withdrawn, representing approximately 43.0% of the total shares subject to
eligible options, and the Company has accepted for cancellation all such eligible options.
On Thursday, September
19, 2013, the Company granted to each eligible employee who validly tendered an eligible option a “new option” (as
defined in the Offer to Exchange) to purchase shares of the Company's common stock in exchange for each such tendered eligible
option, based on the exchange ratios described in the Offer to Exchange. The Company issued new options to purchase an aggregate
of 28,998 shares of the its common stock for the eligible options tendered in the Offer. The exercise price per share of the new
options was $11.87, the closing price of the Company’s common stock as reported on the Nasdaq Stock Market on September 19,
2013. The vesting terms of the new options are described in detail in the Offer to Exchange.
SIGNATURE
After due inquiry
and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 4 to Schedule TO is
true, complete and correct.
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QUMU CORPORATION
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By:
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/s/ James R. Stewart
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Name:
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James R. Stewart
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Title:
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Chief Financial Officer
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Date: September 23, 2013
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