Item 8.01. Other Events.
On November 3, 2008, Actuate Corporation (the "Company") issued a press release
announcing its intention to repurchase up to $60,000,000 worth of the common
stock of the Company in a modified "Dutch auction" tender offer. The Company
expects to commence the tender offer in early November 2008.
The Company has suspended its stock repurchase program pursuant to which the
Company was authorized to repurchase shares in an amount not to exceed
$6.25 million per quarter (not to exceed $12.4 million in the first six months
of fiscal year 2008), and the cumulative amount not to exceed $50.0 million over
a two year period beginning on October 24, 2007.
A copy of the Company's press release is filed as Exhibit 99.1 to this Report
and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is furnished herewith:
Exhibit Number Description
99.1 Text of press release issued by Actuate Corporation dated November 3, 2008.