Item 5.07
Submission of Matters to a Vote of Securities Holders.
On July 28, 2016, Marketo, Inc. (
Marketo
) held a special meeting of stockholders (the
Special Meeting
) at Marketos principal executive offices in San Mateo, CA.
As of the record date, June 28, 2016, there were 45,027,099 shares of common stock of Marketo eligible to be voted at the Special Meeting. At the Special Meeting, 37,139,769 shares, or approximately 82% of all outstanding shares of common stock, were present either in person or by proxy. Two matters were voted upon at the special meeting, with the Board of Directors of Marketo recommending a vote FOR in connection with each of the proposals voted upon, as further described in the definitive proxy statement filed with the Securities and Exchange Commission on June 29, 2016 (the
Definitive Proxy Statement
).
Proposal No. 1 (the
Merger Proposal
) was to consider and vote on the proposal to adopt the Agreement and Plan of Merger, dated as of May 27, 2016 (the
Merger Agreement
) by and among Marketo, Milestone Holdco, LLC (
Parent
), and Milestone Merger Sub, Inc. (
Merger Sub
). Parent and Merger Sub are entities that are affiliated with Vista Equity Partners Management, LLC, a leading private equity firm focused on investments in software, data and technology-enabled companies. Pursuant to the terms of the Merger Agreement, Merger Sub will merge with and into Marketo, with Marketo continuing as the surviving corporation and a wholly owned direct subsidiary of Parent (the
Merger
).
Proposal No. 2 (the
Adjournment Proposal
) was to consider and vote on any proposal to adjourn the Special Meeting to a later date or dates if necessary or appropriate to solicit additional proxies if there were insufficient votes to adopt the Merger Agreement at the time of the Special Meeting. Since there were sufficient votes cast at the Special Meeting to adopt the Merger Agreement, a second proposal to adjourn the Special Meeting, if needed or appropriate, to solicit additional proxies was rendered moot.
The Merger Proposal and Adjournment Proposal were approved. The table below shows the final voting results from the Special Meeting.
|
|
For
|
|
Against
|
|
Abstain
|
Proposal 1 The Merger Proposal
|
|
36,747,502
|
|
19,968
|
|
372,299
|
Proposal 2 The Adjournment Proposal
|
|
35,725,336
|
|
1,333,812
|
|
80,621
|
Legal Notice Regarding Forward-Looking Statements
This filing contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding possible or assumed future results of operations of Marketo, the expected completion and timing of the Merger and other information relating to the Merger. Without limiting the foregoing, the words believes, anticipates, plans, expects, intends, forecasts, should, estimates, contemplate, future, goal, potential, predict, project, projection, may, will, could, should, would, assuming and other words or expressions of similar meaning or import are intended to identify forward-looking statements. You should, therefore, carefully read and consider statements that contain these words or expressions, as such forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those indicated in such forward-looking statements, including, but not limited to, (i) the risk that the proposed Merger may not be completed in a timely manner or at all, which may adversely affect Marketos business and the price of the common stock of Marketo, (ii) the failure to satisfy all of the conditions precedent to the consummation of the proposed Merger, including, but not limited to, the receipt of certain governmental or regulatory approvals, (iii) the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the merger agreement, (iv) the effect of the announcement or pendency of the transaction on Marketos business relationships, operating results and business generally, (v) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of the transaction, (vi) risks related to diverting managements attention from Marketos ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against us related to the merger agreement or the Merger and (viii) such other risks and uncertainties as
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