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EX-99.1 - EX-99.1 - DIGITAL RIVER INC /DEc66130exv99w1.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): September 7, 2011
DIGITAL RIVER, INC.
(Exact Name of Registrant as Specified in Its Charter)
         
Delaware
(State or other jurisdiction
of incorporation)
  000-24643
(Commission File Number)
  41-1901640
(IRS Employer
Identification No.)
9625 West 76th Street, Eden Prairie, Minnesota 55344
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code): (952) 253-1234
Not Applicable
(Former name or former address, if changed since last report)
     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):
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)
o   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))
 
 

 


 

Item 8.01   Other Events.
On September 7, 2011, the Board of Directors of Digital River authorized a share repurchase program of up to $100.0 million of our outstanding shares of common stock. Under the repurchase program, shares may be repurchased in the open market or in privately negotiated transactions. Repurchases are at our discretion based on ongoing assessments of the capital needs of the business, the market price of our common stock and general market conditions. No time limit was set for the completion of the repurchase program.
Item 9.01   Financial Statements and Exhibits.
(c) Exhibits.
The following exhibit is furnished with this report:
         
  99.1    
Press release dated September 7, 2011, announcing stock repurchase program

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SIGNATURE
     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.
         
  DIGITAL RIVER, INC.
 
 
  By:   /s/ Stefan B. Schulz    
    Name:   Stefan B. Schulz   
    Title:   Chief Financial Officer   
 
Date: September 7, 2011

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