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EX-99.1 - EX.99.1 - PRESS RELEASE - COMVERSE TECHNOLOGY INC/NY/mm01-1411_8ke991.htm
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):
January 14, 2011

COMVERSE TECHNOLOGY, INC.
 
(Exact name of registrant as specified in its charter)
 
NEW YORK
0-15502
13-3238402
 
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
 
   
810 Seventh Avenue,
New York, New York
10019
 
(Address of Principal Executive Offices)
(Zip Code)
 
Registrant’s telephone number, including area code: (212) 739-1000
 
 
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 (see General Instruction A.2. below):
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
 
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Item 8.01                      Other Events
 
 
On January 14, 2011, Comverse Technology, Inc. (the “Company”) completed the sale of 2.3 million shares of common stock of its majority owned subsidiary, Verint Systems Inc. (“Verint”) in a previously announced secondary public offering (the “Offering”) for aggregate proceeds net of underwriting discounts and commissions of $76.5 million. The offering was completed as part of the initiatives undertaken by management to improve the Company’s cash position.
 
 
On January 14, 2011, Verint announced the closing of the Offering by the Company. The full text of the press release issued in connection with the announcement is filed as Exhibit 99.1 to this Current Report on Form 8-K.
 
 
Item 9.01.                      Financial Statements and Exhibits
 
     (d) Exhibits
 

     
99.1
 
Press release issued by Verint on January 14, 2011.
 
Forward-Looking Statements
 
 
This Current Report on Form 8-K contains certain statements that constitute “forward-looking statements.”  In some cases, forward-looking statements can be identified by the use of terminology such as “may,” “expects,” “plans,” “anticipates,” “estimates,” “believes,” “potential,” “projects,” “forecasts,” “intends,” or the negative thereof or other comparable terminology.  The Company undertakes no commitment to update or revise forward-looking statements except as required by law.
 

 
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SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
 
COMVERSE TECHNOLOGY, INC.
 
     
     
Date:  January 14, 2011
By:
  /s/ Shefali A. Shah   
 
Name:
Shefali A. Shah   
 
Title:
Senior Vice President, General Counsel and Corporate Secretary  

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
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Exhibits
 

     
99.1
 
Press release issued by Verint on January 14, 2011.


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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