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CALL > SEC Filings for CALL > Form 8-K/A on 31-May-2016All Recent SEC Filings

Show all filings for MAGICJACK VOCALTEC LTD

Form 8-K/A for MAGICJACK VOCALTEC LTD


31-May-2016

Completion of Acquisition or Disposition of Assets, Financial Statements


Item 2.01 Completion of Acquisition or Disposition of Assets.

This Amendment No. 1 to Form 8-K amends the Form 8-K dated March 15, 2016 of magicJack VocalTec Ltd. (the "Company"), originally filed with the Securities and Exchange Commission ("SEC") on March 21, 2016 (the "Original Report") to provide financial statements of North American Telecommunications Corporation and subsidiary d/b/a Broadsmart ("Broadsmart") required under Item 9.01(a) of Form 8-K and pro forma financial information required by Item 9.01(b) of Form 8-K. This Amendment No. 1 effects no other changes to the Original Report. We filed the Original Report to announce the acquisition of Broadsmart pursuant to the terms of the Asset Purchase Agreement, dated as of March 15, 2016, with Todd
A. Correll, Thomas J. Tharrington, Broadsmart and magicJack Business Subsidiary, Inc. (the "Agreement"). On March 17, 2016, the Company completed its acquisition of substantially all of the assets and certain liabilities of Broadsmart pursuant to the terms of the Agreement.



Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

The following financial statements of North American Telecommunications Corporation and subsidiary d/b/a Broadsmart ("Broadsmart") are being filed with this report as Exhibit 99.2:
Audited Consolidated Balance Sheet as of December 31, 2015

Audited Consolidated Statement of Operations for the year ended December 31, 2015

Audited Consolidated Statement of Stockholders' Equity

Audited Consolidated Statement of Cash Flows for the year ended December 31, 2015

Notes to Consolidated Financial Statements

(b) Pro Forma Financial Information

The following pro forma financial information is being filed with this report as Exhibit 99.3:
Unaudited Pro Forma Condensed Combined Balance Sheet as of December 31, 2015

Unaudited Pro Forma Condensed Combined Statement of Operations for the year ended December 31, 2015

Notes and Assumptions to the Unaudited Pro Forma Condensed Combined Financial Statements

(d)      Exhibits

Exhibit
Number  Description

99.1    Consent of BDO USA, LLP
99.2    Financial Statements listed in Item 9.01(a)
99.3    Pro Forma Financial Information listed in Item 9.01(b)


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