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| UNITED STATES |
| SECURITIES AND EXCHANGE COMMISSION |
| Washington, D.C. 20549 |
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| | FORM 8-K | |
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| CURRENT REPORT |
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| PURSUANT TO SECTION 13 OR 15(d) OF |
| THE SECURITIES EXCHANGE ACT OF 1934 |
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Date of Report (date of earliest event reported): August 6, 2015 |
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Qumu Corporation |
| (Exact name of Registrant as Specified in its Charter) |
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| | Minnesota | |
| (State Or Other Jurisdiction Of Incorporation) |
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| 000-20728 | | 41-1577970 |
| (Commission File Number) | | (I.R.S. Employer Identification No.) |
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| 7725 Washington Avenue South | | |
| Minneapolis, MN | | 55439 |
| (Address Of Principal Executive Offices) | | (Zip Code) |
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| | (952) 683-7900 | |
| Registrant’s Telephone Number, Including Area Code |
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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):
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| o | Written communications pursuant to Rule 425 under the Securities Act |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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Items under Sections 1 and 3 through 8 are not applicable and therefore omitted.
ITEM 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
Qumu Corporation (the “Company”) hereby furnishes as Exhibit 99.1 a press release issued on August 6, 2015 disclosing material non-public information regarding its results of operations for the quarter ended June 30, 2015 and hereby furnishes as Exhibit 99.2 statements of Sherman L. Black, its President and Chief Executive Officer, and Peter J. Goepfrich, its Chief Financial Officer, made on August 6, 2015 at a telephone conference relating to the quarter ended June 30, 2015 results.
The Exhibit 99.1 furnished herein reports amounts for cash and marketable securities that were adjusted following the issuance of the press release. The Company recorded a reclassification adjustment which resulted in a $1.25 million decrease to cash and an offsetting increase to marketable securities as of June 30, 2015, with a corresponding increase to cash used for purchases of marketable securities for the six months ended June 30, 2015. Corrected amounts will be properly reported in the Company’s Form 10-Q for the quarter ended June 30, 2015. The line items impacted in the condensed consolidated financial statements as of and for the six months ended June 30, 2015 are as follows:
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| | Amount reported in Exhibit 99.1 | | Corrected amount reported in Form 10-Q |
| Condensed consolidated balance sheet as of June 30, 2015: | | | |
| Cash | 5,985 |
| | 4,735 |
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| Marketable securities | 13,503 |
| | 14,753 |
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| Condensed consolidated statement of cash flows for the six months ended June 30, 2015: | | | |
| Cash used for purchases of marketable securities | (8,000 | ) | | (9,250 | ) |
| Net cash provided by continuing investing activities | 9,583 |
| | 8,333 |
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| Net cash used in investing activities | 9,583 |
| | 8,333 |
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| Net decrease in cash and cash equivalents | (5,699 | ) | | (6,949 | ) |
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
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| Exhibit No. | | Description |
| 99.1 | | Press Release issued on August 6, 2015. |
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| 99.2 | | Statements of Sherman L. Black, President and Chief Executive Officer, and Peter J. Goepfrich, Chief Financial Officer at a telephone conference held on August 6, 2015. |
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, thereunto duly authorized.
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| | QUMU CORPORATION |
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| | By: | /s/ Peter J. Goepfrich |
| | | Peter J. Goepfrich |
| | | Chief Financial Officer |
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| Date: August 7, 2015 | | |
