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): October 5, 2010
VERINT SYSTEMS INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-34807
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11-3200514
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(State or other Jurisdiction of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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330 South Service Road,
Melville, New York
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11747
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number,
including area code:
(631) 962-9600
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None
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(Former name or former address if changed since last report.)
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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:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
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))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1
Item 1.01 Entry into a Material
Definitive Agreement.
The information in
“Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers” below is incorporated herein by reference.
Item 3.03 Material Modification
to Rights of Security Holders.
At a special meeting
of Verint Systems Inc.’s (“Verint”) stockholders, held on
October 5, 2010 (the Special Meeting), the conversion feature of Verint’s Series A
Convertible Preferred Stock, par value $0.001 per share, was approved by its
stockholders. The information in “Item 5.07 Submission of Matters to
a Vote of Security Holders” below is incorporated herein by reference.
Item 5.02 Departure of
Directors or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain Officers.
(e)
Material
Compensatory Plan, Contract or Arrangement.
The board of directors
of Verint previously adopted the Verint Systems Inc. 2010 Long-Term Stock
Incentive Plan (the “Plan”) on August 3, 2010, subject to
stockholder approval. At the Special Meeting, Verint’s stockholders approved the Plan. The Plan
authorizes Verint’s board of directors to provide cash-based
incentive awards and equity-based
compensation in the form of stock options; stock appreciation rights; restricted
stock; restricted stock units; performance awards; other stock-based awards;
and performance compensation awards. Subject to adjustment as provided in the
Plan, up to an aggregate of 4,000,000 shares of Verint’s common stock may
be issued or transferred in connection with awards under the Plan. The Plan also provides that to the extent outstanding awards
granted under the Plan are not assumed, converted or replaced by
the resulting entity in the event of a change in control, all
outstanding awards that may be exercised will become fully exercisable, all
restrictions with respect to outstanding awards will lapse and become vested
and non-forfeitable, and any specified performance goals with respect to outstanding awards
will be deemed to be satisfied at target immediately prior to the consummation
of such change in control.
The foregoing
description of the Plan is qualified in its entirety by reference to the terms
of the Plan, a copy of which has been filed as Exhibit 10.1 hereto.
Item 5.07 Submission of Matters
to a Vote of Security Holders.
On October 5,
2010, Verint held a Special Meeting of Stockholders. A total of 29,251,748
shares were present or represented by proxy at the Special Meeting,
representing 84.26% of the shares entitled to vote. The following matters were
voted on at the Special Meeting.
Proposal One: Approval of
Issuance of Common Stock upon Conversion of Preferred Stock.
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Votes
For
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Votes Against
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Votes Abstain
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29,154,751
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93,900
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3,097
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Proposal Two: Approval of the
Verint Systems Inc. 2010 Long-Term Stock Incentive Plan.
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Votes
For
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Votes Against
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Votes Abstain
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24,215,854
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5,033,379
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2,515
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Item 9.01. Financial Statements
and Exhibits.
(d)
Exhibits
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Exhibit
Number
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Description
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10.1
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Verint Systems Inc. 2010 Long-Term Stock
Incentive Plan (incorporated by reference to the Form S-8 (Commission File
No. 333-169768), filed with the Securities and Exchange Commission on
October 5, 2010).
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