SONUS NETWORKS,INC. (NASDAQ:SONS) Files An 8-K Other EventsItem 8.01. Other Events.
On August15, 2017, Solstice Sapphire Investments,Inc. (“NewCo”), a direct wholly-owned subsidiary of Sonus Networks,Inc. (the “Company”), identified those individuals it expects will serve as its officers immediately following the transaction (the “Transaction”) contemplated by the previously announced Agreement and Plan of Merger, dated as of May23, 2017, by and among the Company, NewCo, Solstice Sapphire,Inc., a direct wholly-owned subsidiary of NewCo, Green Sapphire Investments LLC, a direct wholly-owned subsidiary of NewCo, Green Sapphire LLC, a direct wholly-owned subsidiary of NewCo, GENBAND Holdings Company (“GENBAND”), GENBAND Inc. (“GB”) and GENBAND II,Inc. (“GB II” and, together with GENBAND and GB, the “GENBAND Parties”) (the “Merger Agreement”).
The following individuals are expected to become officers of NewCo, serving in the respective offices set forth beside each individual’s name, immediately following the Transaction:
· Raymond Dolan, President and Chief Executive Officer
· David Walsh, Kandy, Corporate Development,Integration
· Mike Swade, WW Sales- Core
· Patrick Joggerst, WW Marketing, Growth-related WW Sales
· Kevin Riley, Global CTO, including Growth-related R&D
· John McCready, Core R&D, PLM
· Steven Bruny, Global Operations, including Services and Manufacturing
· Daryl Raiford, Chief Financial Officer/Finance
· Jeff Snider, General Counsel/Chief Administrative Officer
· Bill Parks, Chief Information Officer
The consummation of the Transaction remains subject to the closing conditions in the Merger Agreement.
IMPORTANT ADDITIONAL INFORMATION ABOUT THE TRANSACTION WILL BE FILED WITH THE SEC
In connection with the proposed transaction, NewCo has filed with the SEC a Registration Statement on FormS-4 that includes a joint preliminary proxy statement of the Company and the GENBAND Parties and a preliminary prospectus of NewCo, and the Company and the parties will file with the SEC other relevant documents concerning the proposed transaction. The Company will mail a definitive joint proxy statement/prospectus to the Company stockholders and the GENBAND Party equity holders. COMPANY STOCKHOLDERS AND GENBAND PARTY EQUITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus and other filings containing information about the Company at the SEC’s website at www.sec.gov. The joint proxy statement/prospectus and the other filings may also be obtained free of charge from the Company’s Investor Relations website (http://investors.sonusnet.com/) or by requesting them from the Company corporate secretary at Sonus Networks,Inc., 4 Technology Park Drive, Westford, Massachusetts 01886, Attention: Corporate Secretary.
The Company, NewCo, the GENBAND Parties and certain of their respective directors and executive officers, under the SEC’s rules, may be deemed to be participants in the solicitation of proxies of the