SEC Info - Verint Systems Inc - ‘8-K’ for 6/8/20

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form i 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): i June 8, 2020

Verint Systems Inc.

(Exact name of registrant as specified in its charter)

i 001-34807

(Commission File Number)

i Delaware

i 11-3200514

(State or other jurisdiction

of incorporation)

(I.R.S. Employer

Identification No.)

i 175 Broadhollow Road

i Melville, i New York i 11747

(Address of principal executive offices, with zip code)

i (631) i 962-9600

(Registrant’s 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 (see General Instruction A.2. below):

i ☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

i ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

i ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

i ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

symbol

Name of exchange

on which registered

i Common Stock, $0.001 par value per share

i VRNT

i The NASDAQ Stock Market, LLC (NASDAQ Global Select Market)

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 i ☐

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 1.01

Entry into a Material Definitive Agreement.

On June 8, 2020, Verint Systems Inc. (“Verint”) entered into the Second Amendment (“Second Amendment”) to the Credit Agreement, dated as of June 29, 2017 (as previously amended by the First Amendment, dated as of January 31, 2018 (the “Existing Credit Agreement”) and as further amended by the Second Amendment, the “Amended Credit Agreement”), by and among Verint, the lenders from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent.

Pursuant to the Second Amendment, (i) Verint is permitted to effect the previously announced spin-off of its cyber intelligence business unit within the parameters set forth in the Amended Credit Agreement and (ii) for purposes of the acceleration of the maturity of the term loan and revolving credit facility under the Amended Credit Agreement, Verint’s outstanding 1.50% convertible senior notes due June 1, 2021 will not be deemed to be outstanding if such notes are cash collateralized in accordance with the Amended Credit Agreement. Verint currently intends to cash collateralize, or otherwise refinance or repurchase, the notes prior to their maturity.

Other than the changes described above, all other material provisions of the Existing Credit Agreement remain unchanged.

Certain of the lenders party to the Amended Credit Agreement, and their respective affiliates, have performed, and may in the future perform for Verint and its subsidiaries, various commercial banking, investment banking, underwriting and other financial advisory services, for which they have received, or may receive, customary fees and expense reimbursements.

The foregoing description of the Second Amendment is not complete and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits


Exhibit Number		Description

	10.1	Second Amendment, dated June 8, 2020 to the Credit Agreement dated June 29, 2017, among Verint Systems Inc., as borrower, the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent

	104	Cover Page Interactive Data File (embedded within XBRL document)

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.


VERINT SYSTEMS INC.

By:		/s/ *Peter Fante*
Name:		Peter Fante
Title:		Chief Administrative Officer

Date: June 9, 2020

This ‘8-K’ Filing	Date	Other Filings

	6/1/21
Filed on:	6/9/20	10-Q, 8-K
For Period end:	6/8/20
	1/31/18	10-K, 8-K
	6/29/17	8-K
		List all Filings

Verint Systems Inc – ‘8-K’ for 6/8/20

On: Tuesday, 6/9/20, at 4:18pm ET · For: 6/8/20 · Accession #: 1193125-20-164670 · File #: 1-34807

Previous ‘8-K’: ‘8-K’ on / for 6/9/20 · Next: ‘8-K’ on 6/19/20 for 6/18/20 · Latest: ‘8-K’ on / for 3/27/24 · 5 References:

Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

5 Subsequent Filings that Reference this Filing