SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of earliest event reported: December 7, 2017
Actua Corporation
(Exact name of registrant as specified in charter)
Delaware | 001-16249 | 23-2996071 | ||
(State of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification No.) |
555 East Lancaster Avenue, Suite 640, Radnor, PA |
19087 | |
(Address of Principal Executive Offices) | (Zip Code) |
(610) 727-6900
(Registrants telephone number, including area code)
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:
☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.07. | Submission of Matters to a Vote of Security Holders. |
On December 7, 2017, Actua Corporation, a Delaware corporation (the Company), held a special meeting of stockholders (the Special Meeting). As of November 2, 2017, the record date of the Special Meeting, there were a total of 32,156,605 shares of the Companys Common Stock issued and outstanding and entitled to vote at the Special Meeting. At the Special Meeting, 25,492,277 shares of the Companys Common Stock were represented in person or by proxy, and, accordingly, a quorum was present.
The following is a brief description of each matter voted upon at the Special Meeting, as well as the final number of votes cast for and cast against, as applicable, for each matter, as well as the number of abstentions and broker non-votes, as applicable, with respect to each such matter.
Proposal 1: The vote to approve the transactions contemplated by the Membership Interest Purchase Agreement, dated as of September 23, 2017, by and among the Company, Actua Holdings, Inc., a Delaware corporation and a wholly-owned subsidiary of the Company (Actua Holdings), Arsenal Acquisition Holdings, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Actua Holdings, and Velocity Holdco III Inc. (f/k/a Arsenal Buyer Inc.), a Delaware corporation and an affiliate of CVC Growth Fund (such agreement, the Velocity/Bolt Sale Agreement), and the Agreement and Plan of Merger, dated as of September 25, 2017, by and among Folio Dynamics Holdings, Inc., a Delaware corporation and a majority-owned subsidiary of the Company (FolioDynamix), Envestnet, Inc., a Delaware corporation (Envestnet), FCD Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Envestnet, and Actua USA Corporation, a Delaware corporation and a wholly-owned subsidiary of the Company, as the representative of FolioDynamixs stockholders (such agreement, the Folio Sale Agreement), which together constitute a sale of substantially all of the Companys assets (such transactions together, the Transactions), were as follows:
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
25,439,240 |
9,764 | 43,273 | 0 |
Proposal 2: The non-binding advisory vote to approve the compensation of the Companys named executive officers based on or that otherwise relates to the Transactions.
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
17,197,890 |
8,247,848 |
46,539 |
0 |
Proposal 3: The votes to approve an adjournment of the Special Meeting, if necessary.
Votes For | Votes Against | Abstentions | Broker Non-Votes | |||
24,125,002 |
1,324,051 | 43,224 | 0 |
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, thereunto duly authorized.
ACTUA CORPORATION | ||||||
Date: December 7, 2017 | By: | /s/ Suzanne L. Niemeyer | ||||
Name: | Suzanne L. Niemeyer | |||||
Title: | Managing Director, General Counsel and Secretary |