Additional Proxy Soliciting Materials (definitive) (defa14a)
January 18 2018 - 5:17PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
(Amendment No. )
Filed by the
Registrant ☒ Filed by a Party other than the
Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to § 240.14a-12
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BROADSOFT, INC.
(Name
of Registrant as Specified In Its Charter)
(Name of Person(s)
Filing Proxy Statement if Other Than the Registrant)
Payment of Filing Fee (Check the appropriate box)
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing
fee is calculated and state how it was determined):
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Proposed maximum aggregate value of transaction:
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. 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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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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On January 18, 2018, BroadSoft, Inc. issued the following press release:
BroadSoft Obtains Antitrust Clearance for Pending Acquisition by Cisco
GAITHERSBURG, MDJanuary 18, 2018 BroadSoft, Inc. (NASDAQ: BSFT) today announced that it received notice from the U.S. Department
of Justice and the Federal Trade Commission granting early termination of the waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with its pending merger with a wholly-owned subsidiary of
Cisco Systems, Inc. (Cisco).
As previously announced, BroadSoft entered into an agreement to be acquired by Cisco for $55 per share, in
cash, in exchange for each share of common stock of BroadSoft, or an aggregate purchase price of approximately $1.9 billion net of cash, assuming fully diluted shares including conversion of debt. The acquisition has been approved by the board
of directors of each company. The transaction is expected to close in the first quarter of calendar year 2018, subject to approval by BroadSofts stockholders, remaining foreign regulatory approval, and other customary closing conditions.
BroadSoft has scheduled a Special Meeting of Stockholders for January 25, 2018 at 9:00 a.m. Eastern Time to vote on the proposed
transaction. The BroadSoft Board of Directors unanimously recommends that stockholders vote FOR the proposal to adopt the merger agreement with Cisco.
About BroadSoft
BroadSoft is the technology innovator in cloud PBX, unified communications, team collaboration, and contact center solutions for businesses and
service providers across 80 countries. We are a cloud unified communications leader with an open, mobile and secure platform trusted by 25 of the worlds top 30 service providers by revenue. Our BroadSoft Business application suite empowers
users and teams to share ideas and work simply to achieve breakthrough performance. For additional information, visit
www.BroadSoft.com
.
Forward-Looking Statements
The statements in this press release contain forward-looking statements regarding the proposed acquisition of BroadSoft by Cisco Systems,
Inc. (Cisco). These statements are based on plans, estimates and projections at the time BroadSoft makes the statements, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements
by the use of forward-looking terms may and will. Forward-looking statements involve inherent risks and uncertainties, and BroadSoft cautions readers that a number of important factors could cause actual results to differ
materially from those contained in any such forward-looking statement. Factors that could cause actual results to differ materially from those described in this press release include, among others: the occurrence of any event, change or other
circumstances that could give rise to the termination of the merger agreement and the inability to complete the proposed merger due to the failure to obtain stockholder approval for the proposed merger or the failure to satisfy other conditions to
completion of the proposed merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the proposed merger. Additional risks are described in BroadSofts Quarterly Report on Form
10-Q
for the quarter ended September 30, 2017, and its subsequently filed reports with the Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on the
forward-looking statements included in the statements in this press release , which speak only as of the date hereof. BroadSoft does not undertake to update any of these statements in light of new information or future events.
Additional Information and Where to Find It
In connection with the proposed transaction, BroadSoft filed a definitive proxy statement relating to the proposed transaction with the SEC on
December 13, 2017, as supplemented on January 10, 2018. The definitive proxy statement has been mailed to BroadSoft stockholders in connection with the proposed transaction. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS
ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT AND ANY OTHER DOCUMENTS TO BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE IN THE PROXY STATEMENT BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION. Investors and security holders may obtain free copies of the definitive proxy statement and other related documents filed with the SEC at the SECs web site at
www.sec.gov
, on BroadSofts Investor Relations
website at
www.investor.broadsoft.com
or by contacting BroadSoft Investor Relations at (561)
404-2130.
BroadSoft, Cisco and their respective directors and executive officers may be deemed participants
in the solicitation of proxies from the stockholders of BroadSoft in connection with the proposed transaction. Information regarding the special interests of BroadSofts directors and executive officers in the proposed transaction is included
in the proxy statement described above. These documents are available free of charge at the SECs web site at
www.sec.gov
and from BroadSofts Investor Relations as described above. Information about Ciscos directors and
executive officers can be found in Ciscos definitive proxy statement filed with the SEC on October 25, 2017, annual report on Form
10-K
filed with the SEC on September 7, 2017, Form
8-K
filed with the SEC on December 14, 2017, Form
8-K
filed with the SEC on December 12, 2017, Form
8-K
filed with the SEC on
September 18, 2017 and Form
8-K
filed with the SEC on March 13, 2017. You can obtain a free copy of these documents at the SECs website at
www.sec.gov
or by accessing Ciscos
Investor Relations website at
http://investor.cisco.com
.
Contact Information
For further information contact:
Investor Relations:
Chris Martin
+1-561-404-2130
cmartin@broadsoft.com
Media Contact:
Niaobh Levestam
+240-720-9643
nlevestam@broadsoft.com
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