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
May 13, 2015
Date of Report (Date of earliest event reported)
Rovi Corporation
(Exact name of registrant as specified in its charter)
Delaware | 000-53413 | 26-1739297 | ||
(State or other jurisdiction of | (Commission | (I.R.S. employer | ||
incorporation or organization) | File No.) | identification number) |
2830 De La Cruz Boulevard
Santa Clara, California 95050
(Address of principal executive offices, including zip code)
(408) 562-8400
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
¨ | 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)) |
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Listing Rule 5605(c)(2)(A) of The NASDAQ Stock Market requires that each listed company must have an audit committee of at least three members and Listing Rule 5605(d)(2)(A) of The NASDAQ Stock Market requires that each listed company must have a compensation committee of at least two members. Based on final voting results of the 2015 Annual Meeting of Stockholders of Rovi Corporation (the Company or Rovi) held on May 13, 2015, two of the Companys incumbent directors were not re-elected to the Companys Board of Directors.
As a result of the above election results, on May 13, 2015, Rovi notified The NASDAQ Stock Market that Rovis audit committee no longer has at least three members and its compensation committee no longer has at least two members, and thus that Rovi is not in current compliance with Listing Rules 5605(c)(2)(A) and 5605(d)(2)(A), respectively. Rovi intends to fill the vacancies on the audit committee and the compensation committee, and thereby regain compliance with the audit committee and compensation committee requirements as set forth in such Listing Rules, by the earlier of the Companys next annual stockholders meeting or May 13, 2016.
On May 14, 2015, the Company received a notice from The NASDAQ Stock Market acknowledging that the Company no longer complies with the audit committee and compensation committee requirements as set forth in Listing Rules 5605(c)(2)(A) and 5605(d)(2)(A) and confirming the Companys opportunity to regain compliance within the cure period as provided in Listing Rules 5605(c)(4) and 5605(d)(4), respectively.
Item 5.07. Submission of Matters to a Vote of Security Holders.
The Annual Meeting of Stockholders of Rovi was held on May 13, 2015 (the Annual Meeting). Set forth below are the proposals voted upon at the Annual Meeting along with the final voting results as certified by the independent inspector of election, IVS Associates, Inc. (IVS).
Proposal 1To elect seven directors to serve until the Companys 2016 Annual Meeting of Stockholders and until their successors have been duly elected and qualified:
Final Voting Results | ||||||||
Nominees |
For | Withheld | ||||||
Thomas Carson (Rovi nominee) |
74,116,127 | 7,193,746 | ||||||
Alan L. Earhart (Rovi nominee) |
74,202,185 | 7,107,688 | ||||||
N. Steven Lucas (Rovi nominee) |
74,062,884 | 7,246,989 | ||||||
Andrew K. Ludwick (Rovi nominee) |
26,956,825 | 6,979,841 | ||||||
James E. Meyer (Rovi nominee) |
33,755,932 | 180,734 | ||||||
James P.OShaughnessy (Rovi nominee) |
30,875,311 | 3,061,355 | ||||||
Ruthann Quindlen (Rovi nominee) |
74,192,969 | 7,116,904 | ||||||
David Lockwood (Engaged Capital nominee) |
5,378,308 | 41,994,899 | ||||||
Raghavendra Rau (Engaged Capital nominee) |
47,428,345 | 881,284 | ||||||
Glenn W. Welling (Engaged Capital nominee) |
43,087,469 | 5,222,160 |
In addition, IVS has advised the Company that there were 540,142 broker non-votes on Proposal 1. Based on the final voting results reported for Proposal 1, the following nominees were elected as directors at the Annual Meeting, each to serve until the 2016 Annual Meeting of Stockholders and until his or her successor is elected and qualified: Thomas Carson; Alan L. Earhart; N. Steven Lucas; James E. Meyer; Ruthann Quindlen, Raghavendra Rau, and Glenn W. Welling.
Proposal 2To ratify the selection by the audit committee of the board of directors of Ernst & Young LLP as Rovis independent registered public accounting firm for the fiscal year ending December 31, 2015:
Final Voting Results | ||||
For |
Against |
Abstain | ||
81,431,927 |
86,808 | 331,280 |
IVS has advised the Company that there were no broker non-votes on Proposal 2.
Proposal 3To approve, on an advisory basis, the compensation of the Companys named executive officers, as disclosed in the Proxy Statement:
Final Voting Results | ||||
For |
Against |
Abstain | ||
68,338,496 |
11,936,313 | 1,035,064 |
In addition, IVS has advised the Company that there were 540,142 broker non-votes on Proposal 3.
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.
Rovi Corporation | ||||||
(Registrant) | ||||||
Date: May 19, 2015 |
By: | /s/ Pamela Sergeeff Pamela Sergeeff EVP and General Counsel |