MAGICJACK VOCALTEC LTD. (NASDAQ:CALL) Files An 8-K Other Events
Item 8.01.
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Other Events
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issued a press release providing an update on its SMB business
unit. In connection with the new direction of the SMB business
unit, Keith Reed, General Manager and Senior Vice President of
Enterprise, will depart the Company effective February 3, 2017.
Under the terms of the Executive Employment Agreement that the
Company entered into with Mr. Reed, effective as of December 1,
2015, Mr. Reed will not receive any severance payment or
accelerated vesting of his options as a result of his departure
from the Company. A copy of the press release is attached hereto
as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
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Financial Statements and Exhibits.
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Exhibit No.
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Description
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99.1
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Press Release dated January 24, 2017.
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About MAGICJACK VOCALTEC LTD. (NASDAQ:CALL)
magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer. The Company’s products and services allow users to make and/or receive free telephone calls to and from anywhere in the world where the customer has broadband access to the Internet, and allows customers to make free calls back to the United States and Canada from anywhere legally permitted in the world. MAGICJACK VOCALTEC LTD. (NASDAQ:CALL) Recent Trading Information
MAGICJACK VOCALTEC LTD. (NASDAQ:CALL) closed its last trading session down -0.05 at 7.35 with 107,108 shares trading hands.