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
October
20, 2010 (October 19, 2010)
Date of
Report (Date of earliest event reported)
MAM
SOFTWARE GROUP, INC.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-27083
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84-1108035
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File No.)
|
(IRS
Employer Identification No.)
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Maple
Park, Maple Court, Tankersley, Barnsley, UK S75 3DP
(Address
of principal executive offices, including zip code)
Registrant's
telephone number, including area code: 011 44 124 431
1794
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligations of the registrant under any of the following
provisions (see General Instruction A.2. below):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
As
previously disclosed, on September 15, 2010, MAM Software Group, Inc. (“the
Company”) commenced a $3.3 million rights offering (the “Rights Offering”),
whereby our existing holders were granted non-transferable rights to purchase
additional shares of our Common Stock. The rights were issued to the
holders of the Common Stock on September 7, 2010 and enabled such holders to
purchase 0.6 shares for each share of Common Stock then owned for $0.065 per
share. The Rights Offering was scheduled to expire on October 15, 2010
unless extended by our Board of Directors.
On
October 19, 2010, the Company issued a press release stating that, based on a
preliminary report of our transfer agent, as of Friday, October 15, 2010, Rights
Offering was over-subscribed. Given this over-subscription, our Board
of Directors met on the afternoon of October 15, 2010 and unanimously resolved
not to extend the Rights Offering, and authorized management to take all actions
necessary to close the Rights Offering and take receipt of the funds derived
therefrom. A copy of the press release is attached hereto as Exhibit
99.1.
| Exhibit
No. |
Description |
| 99.1 |
Press Release, dated
October 19, 2010 |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned thereunto duly authorized.
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Dated:
October 20, 2010
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MAM
SOFTWARE GROUP, INC.
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By:
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/s/
Charles F. Trapp
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Name:
Charles F. Trapp
Title:
Chief Financial Officer
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