SHORETEL, INC. (NASDAQ:SHOR) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01
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Completion of Acquisition or Disposition of Assets. |
This form 8-K/A amends the Current Report on Form 8-K of
ShoreTel, Inc. (ShoreTel), filed on January 8, 2016 as amended by
the Form 8-K/A, filed on February 12, 2016, regarding the
acquisition of Corvisa LLC (Corvisa) to the terms of a Membership
Interest Purchase Agreement dated as of December 21, 2015 (the
Agreement) by and among ShoreTel, Novation Companies, Inc.
(Parent) and Corvisa Services LLC (Seller). Because the
acquisition of Corvisa was determined to be of major significance
under the SECs Division of Corporation Finance Financial
Reporting Manual, the sole purpose of this amendment is to
provide updated financial statements and pro forma information
required by Item 9.01, which were excluded from the original
filing in reliance on paragraph (a)(4) of Item 9.01 of Form 8-K.
Item 9.01 |
Financial Statements and Exhibits |
(a) |
Financial Statements of Business Acquired. |
The audited consolidated financial statements of Corvisa LLC, as
of and for the years ended December 31, 2015 and 2014 are filed
hereto as Exhibit 99.1.
(b) |
Pro Forma Financial Information. |
The unaudited pro forma condensed combined statement of
operations of ShoreTel, Inc. and Corvisa LLC, for the year ended
June 30, 2016 is filed hereto as Exhibit 99.2.
(d) |
Exhibits |
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Exhibit 23.1 |
Consent of Grant Thornton LLP. |
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Exhibit 99.1 |
Audited consolidated financial statements of Corvisa LLC, as of and for the years ended December 31, 2015 and 2014. |
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Exhibit 99.2 |
Unaudited pro forma condensed combined statement of operations of ShoreTel, Inc. and Corvisa LLC, for the year ended June 30, 2016. |
About SHORETEL, INC. (NASDAQ:SHOR)
ShoreTel, Inc. is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose. The Company provides this to the market through two solutions: ShoreTel Connect, its UC solution, and Contact Center offering and ShoreTel Summit, its platform for developers and integrators. ShoreTel Connect delivers a featured UC solution and applications, such as mobility, collaboration and workgroups. ShoreTel Connect offers three different delivery models, including cloud, onsite and hybrid. Connect Cloud provides a hosted voice solution to its customers. Connect OnSite provides its customers the ability to own and operate their equipment. Connect Hybrid enables its customers to use both its cloud and onsite offerings. SHORETEL, INC. (NASDAQ:SHOR) Recent Trading Information
SHORETEL, INC. (NASDAQ:SHOR) closed its last trading session up +0.12 at 7.18 with 500,329 shares trading hands.