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):February 18, 2014
JIVE SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Commission File Number:001-35367
| | |
| Delaware | | 42-1515522 |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
| |
| 325 Lytton Avenue, Suite 200, Palo Alto, California | | 94301 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: 650-319-1920
Former name or former address if changed since last report: no change
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:
| ¨ | 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 February 18, 2014, Jive Software, Inc., a Delaware corporation (the “Company”), entered into a Second Loan Modification Agreement (the “Second Loan Modification Agreement”) with Silicon Valley Bank to amend the Company’s existing Second Amended and Restated Loan Agreement, dated May 23, 2012 (a copy of which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 25, 2012) as previously amended by the First Loan Modification Agreement, dated April 26, 2013 (a copy of which was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013).
The Second Loan Modification Agreement modified the minimum adjusted EBITDA financial covenant for periods occurring after December 31, 2013.
Additionally, the Second Loan Modification Agreement removed the fixed charge coverage ratio and total leverage ratio financial covenants, which were set to begin in periods occurring after December 31, 2013.
The foregoing description of the Second Loan Modification Agreement is qualified in its entirety by reference to the copy thereof which is attached hereto as Exhibit 10.1 and incorporated by reference in this Item 1.01.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is filed herewith and this list is intended to constitute the exhibit index:
| | |
Exhibit
No. | | Description |
| 10.1 | | Second Loan Modification Agreement, dated as of February 18, 2014, by and between Jive Software, Inc. and Silicon Valley Bank. |
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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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| Date: February 19, 2014 | | | | JIVE SOFTWARE, INC. |
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| | | | By: | | /s/ Bryan J. LeBlanc |
| | | | | | Bryan J. LeBlanc |
| | | | | | Chief Financial Officer |
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