(Mark One)
|
|||
T
|
Quarterly
Report Pursuant to Section 13 or 15(d) of
|
£
|
Transition
Report Pursuant to Section 13 or 15(d) of
|
Delaware
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04-2735766
|
(State
or other jurisdiction of incorporation or organization)
|
(I.R.S.
Employer Identification No.)
|
Large accelerated
filer £
|
Accelerated
filer £
|
Non-accelerated
filer £ (Do not
check if a smaller reporting company)
|
Smaller
reporting company T
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Page
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Part I – Financial
Information
|
||
Item
1.
|
2
|
|
2
|
||
3
|
||
4
|
||
5
|
||
Item
2.
|
14
|
|
Item
3.
|
23
|
|
Item
4.
|
23
|
|
Part II – Other
Information
|
||
Item
1.
|
24
|
|
Item
1A.
|
24
|
|
Item
4.
|
24
|
|
Item
5.
|
24
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|
Item
6.
|
24
|
|
EX-31.1
SECTION 302 CERTIFICATION OF CEO
|
||
EX-31.2
SECTION 302 CERTIFICATION OF CFO
|
||
EX-32.1
SECTION 906 CERTIFICATION OF CEO
|
||
EX-32.2
SECTION 906 CERTIFICATION OF
CFO
|
Part
I
|
Financial
Information
|
Item
1.
|
Condensed
Consolidated Financial Statements
|
December 31,
|
June 30,
|
|||||||
2009
|
2009
|
|||||||
(Unaudited)
|
||||||||
ASSETS
|
||||||||
Current
assets:
|
||||||||
Cash
and cash equivalents
|
$ | 31,002 | $ | 29,110 | ||||
Accounts
receivable, less allowance for doubtful accounts of $84 at December 31,
2009 and $97 at June 30, 2009
|
10,168 | 14,546 | ||||||
Inventories
- net
|
4,132 | 3,060 | ||||||
Prepaid
expenses and other current assets
|
1,768 | 1,444 | ||||||
Total
current assets
|
47,070 | 48,160 | ||||||
Property,
plant and equipment - net
|
4,589 | 3,860 | ||||||
Intangible
- purchased technology, net
|
2,740 | 3,166 | ||||||
Intangible
- customer relationships, net
|
1,171 | 1,257 | ||||||
Other
long-term assets - net
|
663 | 692 | ||||||
Total
assets
|
$ | 56,233 | $ | 57,135 | ||||
LIABILITIES
AND STOCKHOLDERS' EQUITY
|
||||||||
Current
liabilities:
|
||||||||
Accounts
payable and accrued expenses
|
$ | 7,055 | $ | 10,582 | ||||
Deferred
revenue
|
7,971 | 7,870 | ||||||
Revolving
bank line of credit
|
949 | - | ||||||
Total
current liabilities
|
15,975 | 18,452 | ||||||
Long-term
liabilities:
|
||||||||
Deferred
revenue
|
3,926 | 1,041 | ||||||
Revolving
bank line of credit
|
- | 949 | ||||||
Pension
liability
|
1,980 | 1,868 | ||||||
Other
|
1,411 | 1,297 | ||||||
Total
liabilities
|
23,292 | 23,607 | ||||||
Commitments
and contingencies (Note 12)
|
||||||||
Stockholders'
equity:
|
||||||||
Shares
of common stock, par value $.01; 100,000,000 authorized;8,379,027 and
8,321,916 issued and outstanding at December 31, 2009 and June 30, 2009,
respectively
|
84 | 83 | ||||||
Capital
in excess of par value
|
205,454 | 205,222 | ||||||
Accumulated
deficit
|
(173,185 | ) | (172,259 | ) | ||||
Treasury
stock, at cost; 37,788 at December 31, 2009and June 30,
2009
|
(255 | ) | (255 | ) | ||||
Accumulated
other comprehensive income
|
843 | 737 | ||||||
Total
stockholders' equity
|
32,941 | 33,528 | ||||||
Total
liabilities and stockholders' equity
|
$ | 56,233 | $ | 57,135 |
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Revenues:
|
||||||||||||||||
Product
|
$ | 8,664 | $ | 11,066 | $ | 15,346 | $ | 23,115 | ||||||||
Service
|
6,338 | 7,054 | 12,406 | 13,340 | ||||||||||||
Total
revenues
|
15,002 | 18,120 | 27,752 | 36,455 | ||||||||||||
Cost
of sales:
|
||||||||||||||||
Product
|
3,503 | 5,106 | 6,393 | 10,741 | ||||||||||||
Service
|
2,201 | 2,394 | 4,322 | 4,812 | ||||||||||||
Total
cost of sales
|
5,704 | 7,500 | 10,715 | 15,553 | ||||||||||||
Gross
margin
|
9,298 | 10,620 | 17,037 | 20,902 | ||||||||||||
Operating
expenses:
|
||||||||||||||||
Sales
and marketing
|
3,946 | 4,238 | 7,751 | 7,806 | ||||||||||||
Research
and development
|
3,096 | 3,307 | 6,196 | 7,146 | ||||||||||||
General
and administrative
|
2,084 | 2,180 | 4,001 | 4,503 | ||||||||||||
Total
operating expenses
|
9,126 | 9,725 | 17,948 | 19,455 | ||||||||||||
Operating
income (loss)
|
172 | 895 | (911 | ) | 1,447 | |||||||||||
Interest
income
|
4 | 46 | 30 | 156 | ||||||||||||
Interest
expense
|
(28 | ) | (34 | ) | (56 | ) | (64 | ) | ||||||||
Other
(expense) income
|
(43 | ) | 91 | 57 | (198 | ) | ||||||||||
Income
(loss) before income taxes
|
105 | 998 | (880 | ) | 1,341 | |||||||||||
Provision
for income taxes
|
16 | 468 | 46 | 718 | ||||||||||||
Net
income (loss)
|
$ | 89 | $ | 530 | $ | (926 | ) | $ | 623 | |||||||
Net
income (loss) per share
|
||||||||||||||||
Basic
|
$ | 0.01 | $ | 0.06 | $ | (0.11 | ) | $ | 0.08 | |||||||
Diluted
|
$ | 0.01 | $ | 0.06 | $ | (0.11 | ) | $ | 0.07 | |||||||
Weighted
average shares outstanding - basic
|
8,325 | 8,274 | 8,305 | 8,283 | ||||||||||||
Weighted
average shares outstanding - diluted
|
8,419 | 8,302 | 8,305 | 8,316 |
Six
Months Ended
|
||||||||
December 31,
|
||||||||
2009
|
2008
|
|||||||
OPERATING
ACTIVITIES
|
||||||||
Net
(loss) income
|
$ | (926 | ) | $ | 623 | |||
Adjustments
to reconcile net (loss) income to net cash provided by operating
activities:
|
||||||||
Depreciation
and amortization
|
1,535 | 1,564 | ||||||
Share-based
compensation
|
233 | 247 | ||||||
Other
non-cash expenses
|
17 | 284 | ||||||
Changes
in operating assets and liabilities:
|
||||||||
Accounts
receivable
|
4,378 | 2,359 | ||||||
Inventories
|
(1,117 | ) | 1,799 | |||||
Prepaid
expenses and other current assets
|
(316 | ) | (324 | ) | ||||
Other
long-term assets
|
34 | 29 | ||||||
Accounts
payable and accrued expenses
|
(3,527 | ) | (4,094 | ) | ||||
Deferred
revenue
|
2,986 | (809 | ) | |||||
Other
long-term liabilities
|
158 | 119 | ||||||
Total
adjustments to net (loss) income
|
4,381 | 1,174 | ||||||
Net
cash provided by operating activities
|
3,455 | 1,797 | ||||||
INVESTING
ACTIVITIES
|
||||||||
Capital
expenditures
|
(1,713 | ) | (1,016 | ) | ||||
Net
cash used in investing activities
|
(1,713 | ) | (1,016 | ) | ||||
FINANCING
ACTIVITIES
|
||||||||
Purchase
of treasury stock
|
- | (255 | ) | |||||
Net
cash used in financing activities
|
- | (255 | ) | |||||
Effect
of exchange rates on cash and cash equivalents
|
150 | (217 | ) | |||||
Increase
in cash and cash equivalents
|
1,892 | 309 | ||||||
Cash
and cash equivalents at beginning of period
|
29,110 | 27,359 | ||||||
Cash
and cash equivalents at end of period
|
$ | 31,002 | $ | 27,668 | ||||
Cash
paid during the period for:
|
||||||||
Interest
|
$ | 31 | $ | 31 | ||||
Income
taxes (net of refunds)
|
$ | 439 | $ | 408 |
1.
|
Overview
of Business and Basis of
Presentation
|
2.
|
Basic
and Diluted Net Income (Loss) per
Share
|
Three Months Ended
December 31,
|
Six Months Ended
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Basic
and diluted earnings per share (EPS) calculation:
|
||||||||||||||||
Net
(loss) income
|
$ | 89 | $ | 530 | $ | (926 | ) | $ | 623 | |||||||
Basic
weighted average number of shares outstanding
|
8,325 | 8,274 | 8,305 | 8,283 | ||||||||||||
Effect
of dilutive securities:
|
||||||||||||||||
Restricted
stock
|
94 | 28 | - | 33 | ||||||||||||
Diluted
weighted average number of shares outstanding
|
8,419 | 8,302 | 8,305 | 8,316 | ||||||||||||
Basic
EPS
|
$ | 0.01 | $ | 0.06 | $ | (0.11 | ) | $ | 0.08 | |||||||
Diluted
EPS
|
$ | 0.01 | $ | 0.06 | $ | (0.11 | ) | $ | 0.07 |
3.
|
Share-Based
Compensation
|
4.
|
Inventories
|
December 31,
|
June 30,
|
|||||||
2009
|
2009
|
|||||||
Raw
materials, net
|
$ | 2,553 | $ | 2,239 | ||||
Work-in-process
|
574 | 289 | ||||||
Finished
goods
|
1,005 | 532 | ||||||
$ | 4,132 | $ | 3,060 |
5.
|
Fair
Value Measurements
|
|
● Level
1
|
Quoted
prices (unadjusted) in active markets for identical assets or
liabilities;
|
|
● Level
2
|
Inputs
other than quoted prices included within Level 1 that are either directly
or indirectly observable;
|
|
● Level
3
|
Assets
or liabilities for which fair value is based on valuation models with
significant unobservable pricing inputs and which result in the use of
management estimates.
|
Assets/(liabilities):
|
||||||||||||
Level 1
|
Level 2
|
Level 3
|
||||||||||
Cash
& cash equivalents
|
$ | 31,002 | $ | - | $ | - | ||||||
Revolving
line of credit
|
- | (949 | ) | - |
6.
|
Other
Intangible Assets
|
December 31,
|
June 30,
|
|||||||
2009
|
2009
|
|||||||
Cost
of amortizable intangibles:
|
||||||||
Purchased
technology
|
$ | 7,700 | $ | 7,700 | ||||
Customer
relationships
|
1,900 | 1,900 | ||||||
Total
cost of intangibles
|
9,600 | 9,600 | ||||||
Less
accumulated amortization:
|
||||||||
Purchased
technology
|
(4,960 | ) | (4,534 | ) | ||||
Customer
relationships
|
(729 | ) | (643 | ) | ||||
Total
accumulated amortization
|
(5,689 | ) | (5,177 | ) | ||||
Total
intangible assets, net
|
$ | 3,911 | $ | 4,423 |
7.
|
Accounts
Payable and Accrued Expenses
|
December 31,
|
June 30,
|
|||||||
2009
|
2009
|
|||||||
Accounts
payable, trade
|
$ | 2,892 | $ | 4,175 | ||||
Accrued
payroll, vacation, severance and other employee expenses
|
2,941 | 4,682 | ||||||
Other
accrued expenses
|
1,222 | 1,725 | ||||||
$ | 7,055 | $ | 10,582 |
8.
|
Comprehensive
Income (Loss)
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Net
income (loss)
|
$ | 89 | $ | 530 | $ | (926 | ) | $ | 623 | |||||||
Other
comprehensive income (loss):
|
||||||||||||||||
Foreign
currency translation adjustment
|
(60 | ) | 178 | 104 | 249 | |||||||||||
Adjustment
in pensions
|
1 | 10 | 2 | 21 | ||||||||||||
Total
comprehensive income (loss)
|
$ | 30 | $ | 718 | $ | (820 | ) | $ | 893 |
9.
|
Concentration
of Credit Risk, Segment, and Geographic
Information
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
United
States
|
$ | 11,330 | $ | 13,643 | $ | 21,414 | $ | 28,871 | ||||||||
Japan
|
1,937 | 3,128 | 2,807 | 5,117 | ||||||||||||
Other
Asia Pacific countries
|
90 | 313 | 1,014 | 535 | ||||||||||||
Asia
Pacific
|
2,027 | 3,441 | 3,821 | 5,652 | ||||||||||||
Europe
|
1,645 | 1,036 | 2,517 | 1,932 | ||||||||||||
Total
revenue
|
$ | 15,002 | $ | 18,120 | $ | 27,752 | $ | 36,455 |
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Customer
A
|
19 | % | 19 | % | 16 | % | 23 | % | ||||||||
Customer
B
|
13 | % | 16 | % | 12 | % | 18 | % | ||||||||
Customer
C
|
<10 | % | 12 | % | <10 | % | 10 | % |
10.
|
Term
Loan and Revolving Credit Facility
|
11.
|
Retirement
Plans
|
Three
Months Ended
|
Six
Months Ended
|
|||||||||||||||
December 31,
|
December 31,
|
|||||||||||||||
2009
|
2008
|
2009
|
2008
|
|||||||||||||
Service
cost
|
$ | 4 | $ | 5 | $ | 9 | $ | 9 | ||||||||
Interest
cost
|
71 | 69 | 139 | 128 | ||||||||||||
Expected
return on plan assets
|
(29 | ) | (36 | ) | (58 | ) | (68 | ) | ||||||||
Amortization
of net gain
|
- | - | (1 | ) | - | |||||||||||
Amortization
of transition amount
|
1 | 10 | 3 | 21 | ||||||||||||
Net
periodic benefit cost
|
$ | 47 | $ | 48 | $ | 92 | $ | 90 |
12.
|
Commitments
and Contingencies
|
Asserting Party
|
Jurisdiction
|
Patents at Issue
|
||
Acacia
Media Technologies, Corp.
|
U.S.
District Court
|
U.S.
Patent Nos. 5,132,992; 5,253,275;
|
||
Northern
District of California
|
5,550,863,
6,002,720 and 6,144,702
|
|||
U.S.A
Video Inc.
|
U.S.
District Court
|
U.S.
Patent No. 5,130,792
|
||
Eastern
District of Texas
|
||||
Vtran
Media Technologies, LLC
|
U.S.
District Court
|
U.S.
Patent Nos. 4,890,320 and
|
||
Eastern
District of Texas
|
4,995,078
|
Item
2.
|
Management’s
Discussion and Analysis of Financial Condition and Results of
Operations
|
Three
Months Ended
|
||||||||||||||||
December 31,
|
||||||||||||||||
(Dollars
in Thousands)
|
2009
|
2008
|
$ Change
|
% Change
|
||||||||||||
Product
revenues
|
$ | 8,664 | $ | 11,066 | $ | (2,402 | ) | (21.7 | %) | |||||||
Service
revenues
|
6,338 | 7,054 | (716 | ) | (10.2 | %) | ||||||||||
Total
revenues
|
15,002 | 18,120 | (3,118 | ) | (17.2 | %) | ||||||||||
Product
cost of sales
|
3,503 | 5,106 | (1,603 | ) | (31.4 | %) | ||||||||||
Service
cost of sales
|
2,201 | 2,394 | (193 | ) | (8.1 | %) | ||||||||||
Total
cost of sales
|
5,704 | 7,500 | (1,796 | ) | (23.9 | %) | ||||||||||
Product
gross margin
|
5,161 | 5,960 | (799 | ) | (13.4 | %) | ||||||||||
Service
gross margin
|
4,137 | 4,660 | (523 | ) | (11.2 | %) | ||||||||||
Total
gross margin
|
9,298 | 10,620 | (1,322 | ) | (12.4 | %) | ||||||||||
Operating
expenses:
|
||||||||||||||||
Sales
and marketing
|
3,946 | 4,238 | (292 | ) | (6.9 | %) | ||||||||||
Research
and development
|
3,096 | 3,307 | (211 | ) | (6.4 | %) | ||||||||||
General
and administrative
|
2,084 | 2,180 | (96 | ) | (4.4 | %) | ||||||||||
Total
operating expenses
|
9,126 | 9,725 | (599 | ) | (6.2 | %) | ||||||||||
Operating
income
|
172 | 895 | (723 | ) | (80.8 | %) | ||||||||||
Interest
(expense) income - net
|
(24 | ) | 12 | (36 | ) | NM | (1) | |||||||||
Other
(expense) income - net
|
(43 | ) | 91 | (134 | ) | NM | (1) | |||||||||
Income
before income taxes
|
105 | 998 | (893 | ) | (89.5 | %) | ||||||||||
Provision
for income taxes
|
16 | 468 | (452 | ) | (96.6 | %) | ||||||||||
Net
income
|
$ | 89 | $ | 530 | $ | (441 | ) | (83.2 | %) |
|
(1)
|
NM
denotes percentage is not
meaningful
|
Six
Months Ended
|
||||||||||||||||
December 31,
|
||||||||||||||||
(Dollars
in Thousands)
|
2009
|
2008
|
$ Change
|
% Change
|
||||||||||||
Product
revenues
|
$ | 15,346 | $ | 23,115 | $ | (7,769 | ) | (33.6 | %) | |||||||
Service
revenues
|
12,406 | 13,340 | (934 | ) | (7.0 | %) | ||||||||||
Total
revenues
|
27,752 | 36,455 | (8,703 | ) | (23.9 | %) | ||||||||||
Product
cost of sales
|
6,393 | 10,741 | (4,348 | ) | (40.5 | %) | ||||||||||
Service
cost of sales
|
4,322 | 4,812 | (490 | ) | (10.2 | %) | ||||||||||
Total
cost of sales
|
10,715 | 15,553 | (4,838 | ) | (31.1 | %) | ||||||||||
Product
gross margin
|
8,953 | 12,374 | (3,421 | ) | (27.6 | %) | ||||||||||
Service
gross margin
|
8,084 | 8,528 | (444 | ) | (5.2 | %) | ||||||||||
Total
gross margin
|
17,037 | 20,902 | (3,865 | ) | (18.5 | %) | ||||||||||
Operating
expenses:
|
||||||||||||||||
Sales
and marketing
|
7,751 | 7,806 | (55 | ) | (0.7 | %) | ||||||||||
Research
and development
|
6,196 | 7,146 | (950 | ) | (13.3 | %) | ||||||||||
General
and administrative
|
4,001 | 4,503 | (502 | ) | (11.1 | %) | ||||||||||
Total
operating expenses
|
17,948 | 19,455 | (1,507 | ) | (7.7 | %) | ||||||||||
Operating
(loss) income
|
(911 | ) | 1,447 | (2,358 | ) | NM | (1) | |||||||||
Interest
(expense) income - net
|
(26 | ) | 92 | (118 | ) | NM | (1) | |||||||||
Other
income (expense) - net
|
57 | (198 | ) | 255 | NM | (1) | ||||||||||
(Loss)
income before income taxes
|
(880 | ) | 1,341 | (2,221 | ) | NM | (1) | |||||||||
Provision
for income taxes
|
46 | 718 | (672 | ) | (93.6 | %) | ||||||||||
Net
(loss) income
|
$ | (926 | ) | $ | 623 | $ | (1,549 | ) | NM | (1) |
|
(1)
|
NM
denotes percentage is not
meaningful
|
|
·
|
the
impact of the global economic recession on our business and our
customers;
|
|
·
|
the
rate of growth or decline, if any, of video solutions market expansions
and the pace that broadband companies implement, upgrade or replace video
technology;
|
|
·
|
the
rate of growth or decline, if any, of deployment of our real-time
operating systems and tools;
|
|
·
|
the
actual versus anticipated decline in revenue from maintenance and product
sales of real-time proprietary
systems;
|
|
·
|
our
ability to manage expenses consistent with the rate of growth or decline
in our markets;
|
|
·
|
the
success of our strategy to sell our solutions to the internet and mobile
video markets;
|
|
·
|
ongoing
cost control actions and expenses, including capital
expenditures;
|
|
·
|
the
margins on our product sales;
|
|
·
|
our
ability to leverage the potential of our media data management
to serve advanced advertising and other related data
initiatives;
|
|
·
|
our
ability to raise additional capital, if
necessary;
|
|
·
|
our
ability to obtain additional or replacement bank financing, if
necessary;
|
|
·
|
our
ability to meet the covenants contained in our Credit
Agreement;
|
|
·
|
timing
of product shipments, which typically occur during the last month of the
quarter;
|
|
·
|
our
reliance on a small customer base (two of our video customers accounted
for 41% of our revenue for the six months ended December 31,
2008, and three customers accounted for 37% of our revenue in the six
months ended December 31, 2009);
|
|
·
|
the
percentage of sales derived from outside the United States where there are
generally longer accounts receivable collection cycles;
and
|
|
·
|
the
number of countries in which we operate, which may require maintenance of
minimum cash levels in each country and, in certain cases, may restrict
the repatriation of cash, such as maintained levels of
capital.
|
Item
3.
|
Quantitative
and Qualitative Disclosures About Market
Risk
|
Item
4.
|
Controls
and Procedures
|
Part
II
|
Other
Information
|
Item 1.
|
Legal
Proceedings
|
Item
1A.
|
Risk
Factors
|
Item
4.
|
Submission
of Matters to a Vote of Security
Holders
|
|
-
|
The
following persons were elected as directors to serve until the next annual
meeting of stockholders: Charles Blackmon (6,298,858 votes for, 916,343
votes withheld), Larry L. Enterline (6,308,291 votes for, 906,910 votes
withheld), C. Shelton James (6,300,954 for, 914,247 votes withheld), Dan
Mondor (6,524,340 votes for, 690,861votes withheld), Steve G. Nussrallah
(6,290,532 votes for, 924,669 votes withheld) and Krish Panu (6,308,680
votes for, 906,521 votes withheld).
|
|
-
|
The
selection of Deloitte & Touche LLP as Concurrent’s independent
registered public accountants for the fiscal year ending June 30, 2010 was
ratified (7,040,015 votes for, 107,049 votes against, 68,135 votes
abstained).
|
|
-
|
The
approval of amendments to the Concurrent Corporation 2001 Stock Option
Plan to increase the number of shares authorized by 500,000 from 1,100,000
to 1,600,000, to require that no more than 5% of the shares authorized
will be granted with performance restrictions that can all lapse within
one year, and to require stockholder approval for any repricing of
previously granted stock options (2,986,345 votes for, 1,018,153 votes
against, 17,981 votes abstained).
|
Item 5.
|
Other
Information
|
Item
6.
|
Exhibits
|
3.1
|
Restated
Certificate of Incorporation of the Registrant (incorporated by reference
to the Registrant's Registration Statement on Form S-2 (No.
33-62440)).
|
3.2
|
Amended
and Restated Bylaws of the Registrant (incorporated by reference to the
Registrant’s Quarterly Report on Form 10-Q for the period ended March 31,
2003).
|
3.3
|
Certificate
of Correction to Restated Certificate of Incorporation of the Registrant
(incorporated by reference to the Registrant’s Annual Report on Form 10-K
for the fiscal year ended June 30,
2002).
|
3.4
|
Certificate
of Amendment of the Restated Certificate of Incorporation of the
Registrant (incorporated by reference to the Registrant’s Proxy on Form
DEFR14A filed on June 2, 2008).
|
3.5
|
Amended
Certificate of Designations of Series A Participating Cumulative Preferred
Stock (incorporated by reference to the Form 8-A/A, dated August 9,
2002).
|
3.6
|
Amendment
to Amended Certificate of Designations of Series A Participating
Cumulative Preferred Stock (incorporated by reference to the Form 8-A/A,
dated August 9, 2002).
|
4.1
|
Form
of Common Stock Certificate (incorporated by reference to the Registrant’s
Quarterly Report on Form 10-Q for the period ended March 31,
2003).
|
4.2
|
Form
of Rights Certificate (incorporated by reference to the Registrant’s
Current Report on Form 8-K/A filed on August 12,
2002).
|
4.3
|
Amended
and Restated Rights Agreement dated as of August 7, 2002 between the
Registrant and American Stock Transfer & Trust Company, as Rights
Agent (incorporated by reference to the Registrant’s Current Report on
Form 8-K/A filed on August 12,
2002).
|
4.4
|
Form
of Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on
Form 8-K dated May 15, 2007 and incorporated herein by
reference).
|
4.5
|
Form
of Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on
Form 8-K dated May 15, 2007 and incorporated herein by
reference).
|
11.1*
|
Statement
Regarding Computation of Per Share
Earnings.
|
31.1**
|
Certification
of Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
|
31.2**
|
Certification
of Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
|
32.1**
|
Certification
of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
32.2**
|
Certification
of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
|
*
|
Data
required by Statement of Financial Accounting Standards No. 128, “Earnings
per Share,” is provided in the Notes to the condensed consolidated
financial statements in this
report.
|
|
**
|
Filed
herewith.
|
Date: February
3, 2010
|
CONCURRENT
COMPUTER CORPORATION
|
||
By:
|
/s/
Emory O. Berry
|
||
Emory
O. Berry
|
|||
Chief
Financial Officer and Executive Vice President of
Operations
|
|||
(Principal
Financial and Accounting Officer)
|
3.1
|
Restated
Certificate of Incorporation of the Registrant (incorporated by reference
to the Registrant's Registration Statement on Form S-2 (No.
33-62440)).
|
3.2
|
Amended
and Restated Bylaws of the Registrant (incorporated by reference to the
Registrant’s Quarterly Report on Form 10-Q for the period ended March 31,
2003).
|
3.3
|
Certificate
of Correction to Restated Certificate of Incorporation of the Registrant
(incorporated by reference to the Registrant’s Annual Report on Form 10-K
for the fiscal year ended June 30,
2002).
|
3.4
|
Certificate
of Amendment of the Restated Certificate of Incorporation of the
Registrant (incorporated by reference to the Registrant’s Proxy on Form
DEFR14A filed on June 2, 2008).
|
3.5
|
Amended
Certificate of Designations of Series A Participating Cumulative Preferred
Stock (incorporated by reference to the Form 8-A/A, dated August 9,
2002).
|
3.6
|
Amendment
to Amended Certificate of Designations of Series A Participating
Cumulative Preferred Stock (incorporated by reference to the Form 8-A/A,
dated August 9, 2002).
|
4.1
|
Form
of Common Stock Certificate (incorporated by reference to the Registrant’s
Quarterly Report on Form 10-Q for the period ended March 31,
2003).
|
4.2
|
Form
of Rights Certificate (incorporated by reference to the Registrant’s
Current Report on Form 8-K/A filed on August 12,
2002).
|
4.3
|
Amended
and Restated Rights Agreement dated as of August 7, 2002 between the
Registrant and American Stock Transfer & Trust Company, as Rights
Agent (incorporated by reference to the Registrant’s Current Report on
Form 8-K/A filed on August 12,
2002).
|
4.4
|
Form
of Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on
Form 8-K dated May 15, 2007 and incorporated herein by
reference).
|
4.5
|
Form
of Warrant (filed as Exhibit 4.1 to the Registrant’s Current Report on
Form 8-K dated May 15, 2007 and incorporated herein by
reference).
|
11.1*
|
Statement
Regarding Computation of Per Share
Earnings.
|
31.1**
|
Certification
of Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
|
31.2**
|
Certification
of Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley
Act of 2002.
|
32.1**
|
Certification
of Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
32.2**
|
Certification
of Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002.
|
|
*
|
Data
required by Statement of Financial Accounting Standards No. 128, “Earnings
per Share,” is provided in the Notes to the condensed consolidated
financial statements in this
report.
|
|
**
|
Filed
herewith.
|