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LNUX > SEC Filings for LNUX > Form 8-K on 3-Nov-2008All Recent SEC Filings

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Form 8-K for SOURCEFORGE, INC


3-Nov-2008

Results of Operations and Financial Condition, Other Events, Financial Statement


Item 2.02. Results of Operations and Financial Condition.

On November 3, 2008, SourceForge, Inc. (the "Company") issued a press release announcing its preliminary revenue ranges for the first quarter of its fiscal year 2009, which ended October 31, 2008. A copy of the Company's press release is attached hereto as Exhibit 99.1.

The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto are being furnished pursuant to Item 2.02 of Form 8-K and shall not, except to the extent required by applicable law or regulation, be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.



Item 8.01. Other Events.

On November 3, 2008, the Company also announced that its Board of Directors has authorized a stock repurchase program, pursuant to which up to $10 million of the company's outstanding common stock may be repurchased over the next 12 months. Share repurchases under this program may be made through a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions or otherwise, or by any combination of such methods. The timing and actual number of shares repurchased will depend on a variety of factors including the common share price, corporate and regulatory requirements and other market and economic conditions. The share repurchase program may be suspended or discontinued at any time. The Company expects to fund the share repurchase program using its existing cash and investment balances.



Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

EXHIBIT
NUMBER    DESCRIPTION

99.1      Press Release issued by SourceForge, Inc. entitled SourceForge Reports
          Preliminary First Quarter Fiscal 2009 Revenue and Announces Stock
          Repurchase Program*

*This exhibit is furnished to, but not filed with, the Securities and Exchange Commission by inclusion herein.


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