Washington, D.C. 20549
(Amendment No. 1)
Date of Report (date of earliest event reported): January 10, 2013
DIGITAL RIVER, INC.
(Exact name of registrant as specified in its charter)
10380 Bren Road West, Minnetonka, MN 55343
(Address of principal executive offices) (Zip Code)
(Registrants telephone number, including area code): (952) 253-1234
(Former name or former address, if changed since last report)
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
The purpose of this Amendment No. 1 on Form 8K/A to Digital River, Inc.s current report on Form 8K, filed with the United States Securities and Exchange Commission on January 10, 2013 (the Form 8K), is solely to add Items 9.01(a) and (b) to the Form 8K.
No other changes have been made to the Form 8K. This Amendment No. 1 speaks as of the original filing date of the Form 8K, does not reflect events that may have occurred subsequent to the original filing date and, except as specifically described herein, does not modify or update in any way disclosures made in the original Form 8K.
Item 2.01 Completion of Acquisition or Disposition of Assets.
Consummation of Plan of Arrangement
On January 10, 2013 (the Closing Date), Digital River, Inc. (Digital River) completed its acquisition of LML Payment Systems Inc., a corporation existing under the laws of British Columbia, Canada (LML). As previously announced, on September 21, 2012, Digital River entered into an Arrangement Agreement (the Arrangement Agreement), by and among Digital River, LML Acquisition Corp., a wholly-owned indirect subsidiary of Digital River (Acquisition Sub) and LML, pursuant to which Digital River, through Acquisition Sub, agreed to acquire all of the issued and outstanding equity of LML (the Arrangement). On the Closing Date, the Arrangement was consummated by way of a statutory plan of arrangement under British Columbia law (the Plan of Arrangement), and LML became a wholly-owned indirect subsidiary of Digital River.
Pursuant to the Arrangement Agreement and the Plan of Arrangement, on the Closing Date, (i) each share of LML common stock issued and outstanding immediately prior to the closing was acquired for US$3.45 in cash (the Per-Share Consideration) and (ii) all outstanding options and warrants to acquire shares of LML common stock were acquired for a cash amount equal to the amount, if any, by which the number of common shares underlying such option or warrant, multiplied by the Per-Share Consideration, exceeded the aggregate exercise price payable under the option or warrant to acquire the common shares underlying the option or warrant.
A copy of the Arrangement Agreement (including the Plan of Arrangement) was filed as Exhibit 2.1 to Digital Rivers Current Report on Form 8-K filed with the United States Securities and Exchange Commission on September 24, 2012, and is incorporated herein by reference. The foregoing description of the Arrangement Agreement and Plan of Arrangement is qualified in its entirety by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits.
(a) This Current Report on Form 8-K will be supplemented by amendment to provide the required financial statements of LML not later than 71 days after the date that this Current Report on Form 8-K was required to be filed.
(b) This Current Report on Form 8-K will be supplemented by amendment to provide the required pro forma financial information not later than 71 days after the date that this Current Report on Form 8-K was required to be filed.
(d) The Exhibit Index attached to this Current Report on Form 8-K is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.