On November 14, 2016, in connection with
the consummation of the Merger, the Company notified The NASDAQ Capital Market (“NASDAQ”) that the Merger had been
consummated, and requested that the trading of Company Stock on NASDAQ be suspended and the listing of the Company Stock on NASDAQ
be removed. Trading of common stock on NASDAQ was suspended prior to the opening of trading on November 14, 2016. In addition,
the Company requested that, upon consummation of the Merger, NASDAQ file with the Securities and Exchange Commission (the “SEC”)
an application on Form 25 to delist the Company Stock shares from NASDAQ and to deregister the Company Stock shares under Section
12(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company intends to file with the
SEC a certification on Form 15 to request that the Company’s reporting obligations under Sections 13 and 15(d) of the Exchange
Act be suspended.
||Material Modification to Rights of Security Holders.|
The information set forth under Item 2.01
and 3.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.03.
||Changes in Control of Registrant.|
The information set forth under Item 2.01
and Item 5.02 of this Current Report on Form 8-K is incorporated by reference into this Item 5.01.
A change in control of the Company occurred
on November 14, 2016, upon the filing of the certificate of merger with the Secretary of State of the State of Delaware, at which
time Merger Subsidiary merged with and into the Company. Upon the consummation of the Merger, the Company became a wholly-owned
indirect subsidiary of Parent.
||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
As of the Effective Time, pursuant to the
terms of the Merger Agreement, each of the Company’s directors immediately prior to the Effective Time (Theodore Stern, Paul
Jarman, Steve Barnett, Blake O. Fisher, Jr., Paul F. Koeppe, Mark Emkjer and Hamid Akhavan) ceased to be directors of the Company,
and Barak Eilam and Eran Porat became directors of the Company.
Under the terms of the Indenture, the consummation
of the Merger constituted a Fundamental Change and a Make-Whole Fundamental Change, as defined in the Indenture. As a result, holders
of the Convertible Notes are permitted to choose (i) to convert their Convertible Notes at a temporarily increased conversion rate,
(ii) to require the Company to repurchase their Convertible Notes for a price equal to their principal amount plus accrued but
unpaid interest to but excluding the repurchase date, or (iii) to continue holding their Convertible Notes. The options of the
holders of the Convertible Notes as a result of the consummation of the Merger are further described in a Notice of Anticipated
Merger Event (the “Notice to Holders”), which the Company caused to be delivered to the holders of the Convertible
Notes on November 11, 2016.
A copy of the Indenture is filed as Exhibit
4.1 hereto and is incorporated herein by reference. The above description of the Convertible Notes contained herein is qualified
in its entirety by the full text of such exhibit.
A copy of the Notice to Holders is filed
as Exhibit 99.2 hereto and is incorporated herein by reference. The above description of the Notice to Holders contained herein
is qualified in its entirety by the full text of such exhibit.
||Financial Statements and Exhibits.|
||Agreement and Plan of Merger, dated as of May 17, 2016, by and among inContact, Inc., NICE-Systems Ltd., and Victory Merger Sub Inc. (incorporated herein by reference to Exhibit 2.1 to Current Report on Form 8-K filed by inContact, Inc. on May 18, 2016).|
||Indenture between inContact, Inc., and Wells Fargo Bank, National Association, dated as of March 30, 2015 (incorporated herein by reference to Exhibit 4.1 to Current Report on Form 8-K filed by inContact, Inc. on March 30, 2015).|
||First Supplemental Indenture between inContact, Inc., and Wells Fargo Bank, National Association, dated as of November 14, 2016.|
||Joint Press Release of inContact, Inc. and NICE Ltd., dated November 14, 2016.|
||Notice of Anticipated Merger Event, dated November 11, 2016.|