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): April 16, 2007
LAWSON SOFTWARE, INC.
(Exact name of registrant as specified in its charter)
Commission File Number: 000-51942
Delaware 20-3469219
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
380 St. Peter Street, St. Paul, Minnesota 55102-1302
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (651) 767-7000
Former name or former address, if changed since last report: Not applicable
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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:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
On April 16, 2007, Lawson Software Inc. (the "Company") issued a press
release announcing that it intends to offer $200 million aggregate principal
amount of senior convertible notes due 2012 in a private offering, subject to
market conditions and other factors, plus up to $40 million aggregate principal
amount of additional notes at the option of the initial purchaser to cover
over-allotments (the "Offering"). In conjunction with the Offering, the Company
intends to enter into a convertible note hedge transaction with an affiliate of
the initial purchaser of the notes, and a separate transaction with an affiliate
of the initial purchaser of the notes to sell warrants to purchase shares of the
Company's common stock.
The Company also announced that its share repurchase program, which was
announced on November 13, 2006, was increased from $100 million to $200 million,
primarily to accommodate the repurchase of up to $70 million of common stock of
the Company which the Company expects to undertake in conjunction with the
Offering. The Company has repurchased approximately $5.9 million worth of shares
of common stock as of April 16, 2007.
A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Press release dated April 16, 2007.
SIGNATURES
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.
Dated: April 16, 2007 LAWSON SOFTWARE, INC.
By: /s/ Stefan B. Shulz
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Stefan B. Shulz
Senior Vice President and Global Controller
Exhibit Index
99.1 Press release dated April 16, 2007.