UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 9, 2005
ActivCard Corp.
(Exact Name of Registrant as Specified in Charter)
| | | | |
| Delaware | | 000-50223 | | 45-0485038 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | |
| 6623 Dumbarton Circle, Fremont, California | | 94555 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (510) 574-0100
Not Applicable
(Former Name or Former Address, if Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 Entry Into a Material Definitive Agreement.
On June 9, 2005, ActivCard Corp. (the “Company”) entered into a Patent License Agreement (the “Agreement”) with a private technology development company. Under the Agreement, the Company will grant an exclusive worldwide license to its portfolio of certain U.S. and international patents and patent applications related to biometric technologies in exchange for $4.1 million. The completion of the transaction is subject to completion of due diligence and certain other closing conditions. The Company will retain non-exclusive, non-transferable, worldwide rights to develop and distribute any of its current and future products and services that are covered by the patents.
The Agreement is part of the Company’s previously announced strategy to focus on its core products and to increase revenue through licensing its intellectual property assets.
SIGNATURE
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.
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| | | ActivCard Corp.
|
| | | (Registrant) |
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Date: June 13, 2005 | | /s/ Ragu Bhargava
|
| | | Ragu Bhargava |
| | | Senior Vice President and Chief Financial Officer |
