Asure Software, Inc. (NASDAQ:ASUR) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry Into a Material Definitive Agreement.
the sellers of Mangrove Employer Services, Inc. and certain
assets of Mangrove COBRASource, Inc. Under the settlement
agreement, we paid off the $6.0 million secured subordinated
promissory note we entered into in March 2016 in favor of the
sellers for a discounted lump sum of $5,879,000. We further
agreed to a mutual release of claims, except that the sellers
have agreed to continue to indemnify us against certain future
tax claims, subject to a $100,000 deductible. We refer you to the
full text of the settlement agreement filed as Exhibit 10.1
hereto.
Change in Fiscal Year.
eliminate, in certain circumstances, the minimum 20-day period
during which a consent solicitation of 10 or more of our
stockholders must remain open. The 20-day period will no longer
apply to a consent solicitation conducted by us when the matter
is on behalf of the Board and uncontested. In these
circumstances, the Bylaw amendment also eliminates the
requirement to use an independent inspector of elections. We
refer you to the full text of this Bylaw amendment filed as
Exhibit 3.1 hereto.
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Exhibit No.
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Description
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3.1
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Text of Bylaw Amendment
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10.1
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Letter dated March 20, 2017 from Asure Software, Inc. to
Richard S. Cangemi, as Stockholder Representative |
About Asure Software, Inc. (NASDAQ:ASUR)
Asure Software, Inc. is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces. Its SaaS-based offerings include asset management, mobile room scheduling, mobile time tracking, scheduling software, space utilization solutions, tablet-based time clocks, time clocks, touch panels for room scheduling and workplace business intelligence (BI) analytics. It offers approximately two product lines, including AsureSpace and AsureForce. Its AsureSpace provides workplace management solutions that enable organizations to manage their office environments and manage real estate utilization. Its AsureForce time and labor management solutions help organizations to manage labor and labor administration costs and activities. Asure Software, Inc. (NASDAQ:ASUR) Recent Trading Information
Asure Software, Inc. (NASDAQ:ASUR) closed its last trading session down -0.78 at 10.66 with 224,203 shares trading hands.
