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Quotes & Info
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| RMKR > SEC Filings for RMKR > Form 8-K on 4-Feb-2008 | All Recent SEC Filings |
4-Feb-2008
Termination of a Material Definitive Agreement, Results of Operations and F
On February 1, 2008, Rainmaker Systems, Inc. (the "Company") received written notice from Dell Marketing L.P. ("Dell") that Dell has elected to terminate for convenience the Amendment to Master Services Agreement dated April 1, 2006, between the Company and Dell (the "Agreement). Under Dell's intended transition plan set forth in the notice, Dell intends to move approximately half of the services presently being provided by the Company under the Agreement internally effective immediately and the remainder over the next three months, at the conclusion of which the Company would no longer be performing any services for Dell.
During the fourth quarter for the fiscal year ended December 31, 2007, the Company derived approximately 25% of its net revenue from Dell, down from 28% in the prior quarter and 35% in the fourth quarter for the fiscal year ended December 31, 2006.
The following information is being furnished pursuant to both Item 2.02 and Item 7.01.
On February 4, 2008, the Company issued a press release reporting preliminary, unaudited financial results for the fiscal quarter and fiscal year ended December 31, 2007. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
The Company will host a conference call and webcast today at 1:45 p.m. Pacific
Time. Those wishing to participate in the live call should dial (800) 240-6709
using the password "Rainmaker." A replay of the call will be available for one
week beginning approximately one hour after the call's conclusion by dialing
(800) 405-2236 and entering 11108470 followed by the "#" key when prompted for a
code. To access the live webcast of the call, go to the Investor Relations
section of Rainmaker's website at www.rmkr.com. A webcast replay of the
conference call will be available for one year on the Calls/Events page of the
Investor Relations section at www.rmkr.com.
(d) Exhibits
Exhibit No. Description of Exhibit
10.1 Amendment to Master Services Agreement dated April 1, 2006, between
Rainmaker Systems, Inc., and Dell Marketing L.P. (incorporated by
reference to Exhibit 10.1 to Rainmaker's Current Report on Form 8-K
filed on March 13, 2006.)
99.1 Press Release dated February 4, 2008, issued by Rainmaker Systems,
Inc., reporting preliminary, unaudited financial results for the
fiscal quarter and fiscal year ended December 31, 2007 and client
update.
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