SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
(Amendment No.__)
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ý Soliciting Material Pursuant to § 240.14a-12
BluePhoenix Solutions Ltd.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement if Other Than the Registrant)
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BluePhoenixSolutionsLtd.NoticeofAnnualGeneralMeetingofShareholders
ToBeHeldonNovember18,2014
SEATTLE,Oct.14,2014(GLOBENEWSWIRE)--Noticeisherebygiventhatthe2014AnnualGeneral MeetingofShareholders(the"Annual Meeting")ofBluePhoenixSolutionsLtd.("BluePhoenix,"the"Company,""we"or"us")willbeheldatourofficeslocatedat601UnionStreet,Suite4616,Seattle, Washington,98101onNovember18,2014at9:00a.m.localtimeforthefollowingpurposes:
1. | Toapprovethemergeragreement(includingallothertransactionscontemplatedtherein)byandamongthe Company,Modern Systems Corporation(f/k/a BluePhoenix Solutions USA,Inc.), BP-AT Acquisition Corporation, Sophisticated Business Systems, Inc.,("Ateras"),the Aterasstockholdersand ScottMiller(the "Merger Agreement"andthe "Merger,"respectively). | |
2. | SubjecttoandconditionalupontheapprovalofProposalNo. 1andtheclosingoftheMerger,toapproveanincreaseoftheauthorizedsharecapitaloftheCompanyfrom17,500,000to25,000,000and acorrespondingamendmenttotheCompany'sArticlesofAssociation. | |
3. | SubjecttoandconditionalupontheapprovalofProposalNo. 1andtheclosingoftheMerger,toapprove agrantofpreemptiverightstocertainAterasshareholdersinconnectionwiththeMergerand acorrespondingamendmenttotheCompany'sArticlesofAssociationenablingthegrantofsuchpreemptiverights. | |
4. | TochangethenameoftheCompanyfromBluePhoenixSolutionsLtd.toModernSystems International,ModSys Internationalorsuchsimilarnameapprovedbythe IsraeliCompanies'RegistrarandtoapproveanamendmenttotheCompany'sMemorandumofAssociationandArticlesofAssociationeffectingthesame. | |
5. | Toelect(a)MelKeating,(b)TomJurewicz,(c)HarelKodeshand,subjecttoandconditionalupontheapprovalof ProposalNo. 1andtheclosingoftheMerger,(d) ScottMillertotheBoardofDirectorstoserveuntilthenextannualmeeting. | |
6. | ToelectBrianCrynestoserveasanoutsidedirectoroftheCompanyforanadditionalthree-yearterm. | |
7. | ToapprovethetermsofawaivertothepurchaseagreementexecutedbetweenPrescottGroupAggressiveSmallCapMasterFund,G.P.andtheCompanydatedasofNovember25,2013. | |
8. | ToappointBDOZivHaftasourindependentauditorfortheperiodbeginningonthedateoftheAnnual Meetingandendingon thedateofournextannualgeneral meetingofshareholders. | |
9. | ToapprovetheCompany's2007AwardPlan,asamended,toincreasetheaggregatenumberofordinarysharesauthorizedforissuanceundertheplanto2,000,000ordinaryshares. |
10. | Toapprove,onanadvisorybasis,thecompensationoftheCompany'snamedexecutiveofficers. | |
11. | Toindicate,onanadvisorybasis,thepreferredfrequencyofshareholderadvisoryvotesonthecompensationoftheCompany'snamedexecutiveofficers. | |
12. | ToreceiveandconsidertheConsolidatedFinancialStatementsoftheCompanyfortheyearendedDecember31,2013. |
TherecorddatefortheAnnualMeetingisOctober20,2014.Onlyshareholdersofrecordatthecloseofbusinessonthatdatemayvoteatthemeetingoranyadjournmentthereof.
Fullinformationoftheitemsaboveandtheproposedresolutions,includingregardingthenumberofvotesrequiredtoapproveeachresolutionareavailableintheCompany'sProxyStatementtobefiledwiththeSecuritiesandExchangeCommission("SEC").
ByOrderoftheBoardofDirectors, | |||
/s/MattBell MattBell | |||
ChiefExecutiveOfficer |
Seattle, WashingtonOctober14,2014
WhereYouCanFindMoreInformation
TheabovenoticemaybedeemedtobesolicitationmaterialinrespectoftheproposedmergerofAterasandModernSystems Corporation(f/k/aBluePhoenixSolutions USA,Inc.),anindirect,wholly-ownedsubsidiaryofBluePhoenix.Thisnoticeshouldnotbereadalone,butshouldinsteadbereadinconjunctionwiththeotherinformationregardingthecompaniesandthemergerwithAterasthatwillbecontainedin,orincorporatedbyreferenceinto,theproxystatementthatBluePhoenixwillbefilinginconnectionwithshareholderapprovalofthemergerwithAteras,aswellasintheForms10-K,Forms10-QandotherfilingsthatBluePhoenixmakeswiththeSecuritiesandExchange Commission("SEC").Theproxystatementwillbemailedorotherwisemadeavailabletoshareholdersandshareholdersandinvestorswillbeabletoobtaintheproxystatementfreeofchargewhenitbecomesavailableatwww.sec.govandhttp://bphx.com/our-company/investor-info/. INVESTORS ANDSHAREHOLDERS ARE URGEDTO READTHEPROXYSTATEMENT REGARDINGTHEPROPOSEDTRANSACTION AND ANYOTHER RELEVANT DOCUMENTS WHENTHEY BECOME AVAILABLE BECAUSETHEY WILL CONTAIN IMPORTANT INFORMATION.
ParticipantsinSolicitation
ThedirectorsandexecutiveofficersofBluePhoenixandotherpersonsmaybedeemedtobeparticipantsinthesolicitationofproxiesinrespectoftheproposedtransaction. InformationregardingBluePhoenix'sdirectorsandexecutiveofficersisavailableinitsproxystatementfiledwiththeSEC byBluePhoenixonNovember22,2013.Otherinformationregardingtheparticipantsintheproxysolicitationand adescriptionoftheirdirectandindirectinterests,bysecurityholdingsorotherwise,willbecontainedintheproxystatementandotherrelevant materialsregardingthe mergerwithAterastobefiledwiththeSEC (whentheybecomeavailable). Thesedocumentscanbeobtainedfreeofchargefromthesourcesindicatedabove.
CONTACT: | RickRinaldo, Chief Financial Officer |
BluePhoenixSolutionsLtd |
206-395-4152 |