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NTSP > SEC Filings for NTSP > Form 8-K on 18-Jun-2013All Recent SEC Filings

Show all filings for NETSPEND HOLDINGS, INC.

Form 8-K for NETSPEND HOLDINGS, INC.


18-Jun-2013

Submission of Matters to a Vote of Security Holders


Item 5.07 Submission of Matters to a Vote of Security Holders.

On June 18, 2013 NetSpend Holdings, Inc. (the "Company") reconvened its special meeting of stockholders (the "Special Meeting") to consider and vote on (i) a proposal to adopt the previously announced Agreement and Plan of Merger, dated as of February 19, 2013, as amended on May 29, 2013 (as amended, the "Merger Agreement"), by and among the Company, Total System Services, Inc., a Georgia corporation ("TSYS" or "Parent"), and General Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Sub") providing for the merger of Sub with and into the Company (the "merger") and (ii) a proposal to approve, on a non-binding, advisory basis, certain agreements with, and items of compensation that may be paid or become payable to, the Company's named executive officers in connection with the merger. Of the 72,464,376 shares of common stock outstanding and entitled to vote as of the April 3, 2013 record date, 52,870,830 shares of common stock were represented in person or by proxy at the Special Meeting. A summary of the final voting results for each of the matters voted upon by the stockholders at the Special Meeting is set forth below. The proposals related to each matter are described in detail in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 23, 2013.

Proposal 1: Adoption of the Agreement and Plan of Merger, dated as of February 19, 2013, by and among Total System Services, Inc., General Merger Sub, Inc. and the Company (as amended on May 29, 2013 and as it may be further amended from time to time):

Votes For Votes Against Abstentions Broker Non-Votes 52,595,890 228,991 1,268 44,681

Proposal 2: Approval of a non-binding advisory proposal to approve certain agreements with, and items of compensation that may be paid or become payable to, the Company's named executive officers in connection with the merger:

Votes For Votes Against Abstentions Broker Non-Votes 41,416,132 10,571,472 838,545 44,681

The closing of the merger is subject to the satisfaction or waiver of the conditions contained in the Merger Agreement.

Cautionary Statement Regarding Forward-Looking Statements

Statements about the expected timing, completion and effects of the proposed merger and all other statements in this document, other than historical facts, constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. The Company may not be able to complete the proposed merger on acceptable terms or at all because of a number of factors, including the failure to satisfy the closing conditions. Factors that may affect the business or financial results of the Company are described in the risk factors included in the Company's filings with the Securities and Exchange Commission, including the Company's 2012 Annual Report on Form 10-K, the Company's 2012 Annual Report on Form 10-K/A and later filed quarterly reports on Form 10-Q and Current Reports on Form 8-K, which factors are incorporated herein by reference. The Company expressly disclaims a duty to provide updates to forward-looking statements, whether as a result of new information, future events or other occurrences.


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