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[March 11, 2014]
QUMU CORP FILES (8-K) Disclosing Termination of a Material Definitive Agreement, Material Modification to Rights of Security Holders, Other Events, Financial Statements and Exhibits
(Edgar Glimpses Via Acquire Media NewsEdge) ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT.
On March 10, 2014, Qumu Corporation (the "Company") entered into an Amendment No. 2 dated as of March 10, 2014 (the "Amendment") to the Rights Agreement, dated as of September 17, 2003 by and between the Company and Wells Fargo Bank Minnesota, N.A. as rights agent, as amended by Amendment No. 1 dated September 11, 2013 (collectively the "Rights Agreement"). The Amendment was approved by the Company's Board of Directors on March 10, 2014.
The Amendment changes the "Final Expiration Date" in Section 7(a) of the Rights Agreement from September 16, 2016 to March 21, 2014, effectively terminating the Rights Agreement as of that date.
This foregoing summary of the Amendment does not purport to be complete and is subject to and qualified in its entirety by reference to the Amendment, which is attached hereto as Exhibit 4.1 and is incorporated herein by reference.
ITEM 3.03 MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS.
The summary of the Amendment in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
ITEM 8.01 OTHER EVENTS.
On March 10, 2014, the Company issued a press release relating to the Amendment, which press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
Exhibit No. Description 4.1 Amendment No. 2 dated March 10, 2014 to Rights Agreement by and between Qumu Corporation and Wells Fargo Bank Minnesota, N.A., as Rights Agent.
99.1 Press Release of Qumu Corporation dated March 10, 2014.
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