07/28/2025 | Press release | Distributed by Public on 07/28/2025 14:58
TABLE OF CONTENTS
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Per Share
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Total
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Public offering price(1)
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$
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$
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Underwriting discount
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$
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$
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Proceeds, before expenses, to the selling stockholders(1)
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$
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$
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(1)
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See "Underwriting" for additional information regarding underwriting compensation.
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Page
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About This Prospectus Supplement
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S-ii
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Note Regarding Forward-Looking Statements
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S-iii
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Summary
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S-1
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The Offering
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S-3
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Risk Factors
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S-5
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Use of Proceeds
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S-7
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Selling Stockholders
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S-9
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Underwriting
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S-14
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Legal Matters
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S-22
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Experts
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S-22
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Where You Can Find More Information
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S-22
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Incorporation of Certain Documents by Reference
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S-23
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Page
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About This Prospectus
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1
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About VeriSign, Inc.
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2
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Risk Factors
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3
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Where You Can Find More Information
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4
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Incorporation of Certain Documents by Reference
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5
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Special Note Regarding Forward-Looking Statements
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6
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Use of Proceeds
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8
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Description of Capital Stock
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9
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Selling Stockholders
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11
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Plan of Distribution
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12
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Legal Matters
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15
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Experts
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15
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attempted security breaches, cyber-attacks, and Distributed Denial of Service attacks against our systems and services;
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the introduction of undetected or unknown defects in our systems or services;
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vulnerabilities in the global routing system;
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system interruptions or system failures;
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damage to our data centers or our data center systems or resolution systems;
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risks arising from our operation of root servers and our performance of the Root Zone Maintainer functions under the Root Zone Maintainer Service Agreement with the Internet Corporation for Assigned Names and Numbers ("ICANN");
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any loss or modification of our right to operate the .com and .net generic top-level domains ("gTLDs");
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changes or challenges to the pricing provisions of the .com Registry Agreement;
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new or existing governmental laws and regulations in the U.S. or other applicable non-U.S. jurisdictions;
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new laws, regulations, directives or ICANN policies that require us to obtain and maintain personal information of registrants;
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economic, legal and political risks associated with our international operations;
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the impact of unfavorable tax rules and regulations;
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risks from the adoption of ICANN's consensus and temporary policies, technical standards and other processes;
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the weakening of or changes to the multi-stakeholder form of internet governance;
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the outcome of claims, lawsuits, audits or investigations;
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lower economic growth;
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our ability to compete in the highly competitive business environment in which we operate;
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changes in internet practices and behavior and the adoption of substitute technologies, or the negative impact of wholesale price increases;
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our ability to expand our services into developing and emerging economies;
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our ability to maintain strong relationships with registrars and their resellers;
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our ability to attract, retain and motivate our highly skilled employees;
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our ability to pay dividends on our common stock in the future; and
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our ability to protect and enforce our intellectual property rights.
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Distributed Servers: We operate a large number of high-speed servers globally to support localized transaction volume and performance demands. In conjunction with our proprietary software, processes and procedures, this purpose-built global constellation of servers offers rapid failover, global and local load balancing, and threshold monitoring on critical servers.
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Networking: We deploy and maintain a redundant and diverse global network, maintain high-speed, redundant connections to numerous internet service providers, and maintain network interconnection relationships globally to ensure that our critical services are readily accessible to end users.
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Security and Availability: We incorporate architectural concepts such as protected domains, restricted nodes, and distributed access control in our system architecture. In addition, we employ firewalls and intrusion detection software, endpoint and network detection and response systems as well as proprietary security mechanisms at many points across our infrastructure. We perform continuous internal vulnerability testing and periodic controls audits, and also contract with third-party security organizations to perform periodic penetration tests and security risk assessments on our systems. We have engineered resiliency and diversity into how we host classes of products throughout our set of interconnected sites to reduce the risk of unknown vendor defects and zero-day security vulnerabilities.
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Data Integrity: We use several proprietary systemic integrity checks and validations to ensure data correctness when updating and publishing the DNS records for the registries we operate.
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801,470 shares of common stock issuable upon the settlement of restricted stock units outstanding as of June 30, 2025,
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8,962,110 shares of common stock reserved for future issuance under our equity compensation plans as of June 30, 2025, and
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168,823 shares of common stock repurchased by the Company after June 30, 2025.
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no settlement of the outstanding RSUs referred to above; and
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no exercise of the underwriter's option to purchase additional shares from the selling stockholders.
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authorize our board of directors to establish one or more series of undesignated preferred stock, the terms of which can be determined by our board of directors at the time of issuance;
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do not authorize cumulative voting;
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authorize our board of directors, subject to certain exceptions, to alter, amend or repeal any bylaw;
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provide that special meetings of our stockholders may be called only by the chairman of our board of directors, the president, our board of directors, or our secretary (acting as a representative of the stockholders) whenever a stockholder or group of stockholders owning at least 10% in the aggregate of the capital stock issued, outstanding and entitled to vote, and who held that amount in a net long position continuously for at least one year, so request in writing;
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provide that our stockholders may take action only at a duly called meeting and not by written consent;
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in connection with stockholder meetings, provide an advanced written notice procedure with respect to stockholder nomination for directors and bringing other business; and
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provide that our directors may fill any vacancies on our board of directors, including newly created board seats resulting from an increase in the authorized number of directors and vacancies resulting from the death, resignation, or other cause.
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our board of directors approved the business combination or the transaction in which the person became an interested stockholder prior to the date the person attained this status;
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upon consummation of the transaction that resulted in the person becoming an interested stockholder, the person owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding shares owned by persons who are directors and also officers and issued under employee stock plans under which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
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on or subsequent to the date the person became an interested stockholder, our board of directors approved the business combination and the stockholders other than the interested stockholder authorized the transaction at an annual or special meeting of stockholders by the affirmative vote of at least two-thirds of the outstanding stock not owned by the interested stockholder.
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any merger or consolidation involving us and the interested stockholder;
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any sale, transfer, pledge or other disposition involving the interested stockholder of 10% or more of our assets;
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in general, any transaction that results in the issuance or transfer by us of any of our stock to the interested stockholder;
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any transaction involving us that has the effect of increasing the proportionate share of our stock owned by the interested stockholders; and
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the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges, or other financial benefits provided by or through us.
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Name of Selling Stockholders
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Number of Shares of Common
Stock Beneficially Owned
Prior to this Offering
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Number of
Shares of
Common Stock
Offered Hereby
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Number of Shares of Common
Stock Beneficially Owned
After this Offering
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No Exercise of Option to
Purchase Additional Shares
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Full Exercise of Option to
Purchase Additional Shares
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Number
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Percentage
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Number
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Percentage
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Number
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Percentage
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Entities Affiliated with Berkshire Hathaway Inc.(1)
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13,271,457
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14.2%
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4,815,032
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8,971,457
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9.6%
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8,456,425
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9.0%
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(1)
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Includes 4,815,032 total shares of common stock owned by the selling stockholders in this offering, consisting of 1,015,032 shares of common stock owned by Berkshire Hathaway Consolidated Pension Plan Master Trust and 3,800,000 shares of common stock owned by Burlington Northern Santa Fe, LLC Master Retirement Trust. Other affiliates of Berkshire Hathaway Inc. collectively own 8,456,425 shares of common stock. Affiliates of Berkshire Hathaway Inc. have owned shares of common stock since 2012. Berkshire Hathaway Inc. directs the investments of Berkshire Hathaway Consolidated Pension Plan Master Trust and Burlington Northern Santa Fe, LLC Master Retirement Trust. The principal business address of Berkshire Hathaway Consolidated Pension Plan Master Trust is Berkshire Hathaway Consolidated Pension Plan Master Trust, c/o Berkshire Hathaway Inc., 3555 Farnam Street, Omaha, NE 68131. The principal business address of Burlington Nothern Santa Fe, LLC Master Retirement Trust is BNSF Master Retirement Trust, c/o BNSF Railway, 2650 Lou Menk Drive, Fort Worth, TX 76131.
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banks, insurance companies or other financial institutions;
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tax-exempt entities or governmental organizations;
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brokers, traders or dealers in securities or currencies;
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persons that own, or are deemed to own, more than five percent of our capital stock;
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U.S. expatriates and certain former citizens or long-term residents of the United States;
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persons who hold our common stock as a position in a hedging transaction, "straddle," "conversion transaction" or other risk reduction transaction;
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persons that have elected the mark-to-market method of tax accounting,
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persons who do not hold our common stock as a capital asset within the meaning of Section 1221 of the Internal Revenue Code of 1986, as amended (the "Code") (generally, for investment purposes);
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partnerships or other entities or arrangements treated as pass-through entities for U.S. federal income tax purposes (or investors in any such entities);
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persons deemed to sell our common stock under the constructive sale provisions of the Code;
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regulated investment companies or real estate investment trusts;
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pension plans or funds, or an entity that is wholly owned by a pension plan or fund;
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persons that will hold our common stock in an individual retirement account, 401(k) plan or similar tax-favored account;
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controlled foreign corporations;
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passive foreign investment companies; or
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persons that acquire our securities as compensation for services.
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1.
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an individual who is a United States citizen or resident of the United States;
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2.
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a corporation or other entity treated as a corporation for United States federal income tax purposes created in, or organized under the law of, the United States or any state or political subdivision thereof;
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3.
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an estate the income of which is includible in gross income for United States federal income tax purposes regardless of its source; or
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4.
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a trust (A) the administration of which is subject to the primary supervision of a United States court and which has one or more United States persons (within the meaning of the Code) who have the authority to control all substantial decisions of the trust or (B) that has in effect a valid election under applicable Treasury regulations to be treated as a United States person.
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the gain is effectively connected with the conduct of a trade or business by the non-U.S. Holder within the United States (and, if an applicable tax treaty so requires, is attributable to a U.S. permanent establishment or fixed base maintained by the non-U.S. Holder);
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the non-U.S. Holder is an individual who is present in the United States for 183 days or more in the taxable year of disposition and certain other conditions are met; or
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we are or have been a "United States real property holding corporation" for U.S. federal income tax purposes during a specified period and certain other requirements are met. We do not expect to be a "United States real property holding corporation" for U.S. federal income tax purposes, but there can be no assurance in that regard.
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Underwriter
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Number of Shares
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J.P. Morgan Securities LLC
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4,300,000
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Total
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4,300,000
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Without option to purchase additional
shares exercise
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With full option to purchase additional
shares exercise
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Per Share
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$
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$
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Total
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$
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$
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(A)
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in the case of any transfer or distribution pursuant to clause (a)(i), (ii), (iii), (iv), (v), (vi) and (vii) above, such transfer shall not involve a disposition for value and each donee, devisee, transferee or distributee shall execute and deliver to the underwriter a lock-up agreement on substantially the same terms as the lock-up agreements referenced herein for the remainder of the restricted period;
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(B)
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in the case of any transfer, disposition or distribution pursuant to clause (a)(i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix), (x) and (xi) above, no filing by any party (donor, donee, devisee, transferor, transferee, distributer or distributee) under the Exchange Act or other public announcement shall be made voluntarily in connection with such transfer or distribution and if any filing under Section 16(a) of the Exchange Act, or other public filing (including Schedule 13 filings), report or announcement reporting a reduction in beneficial ownership of shares of our common stock in connection with such transfer or distribution shall be legally required during the restricted period, such filing, report or announcement shall clearly indicate the nature and conditions of such transfer; and
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(C)
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in the case of any transfer or disposition pursuant to clause (a)(xiii) each transferee or distributee shall execute and deliver to the underwriter a lock-up letter in the form referenced herein.
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to any person which is a professional client as defined under the FinSA;
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to fewer than 500 persons (other than professional clients as defined under the FinSA), subject to obtaining the prior consent of the underwriter for any such offer; or
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in any other circumstances falling within Article 36 FinSA in connection with Article 44 of the Swiss Financial Services Ordinance;
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our 2024 Form 10-K, filed on February 13, 2025;
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our Q1 2025 Form 10-Q, filed on April 24, 2025 and our Q2 2025 Form 10-Q, filed on July 24, 2025;
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the portions of the Definitive Proxy Statement on Schedule 14A for the annual meeting of stockholders on May 22, 2025, filed on April 11, 2025, that are incorporated by reference into Part III of our 2024 Form 10-K;
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our Current Reports on Form 8-K (File No. 000-23593) filed on February 13, 2025, March 11, 2025 (two filed on this date), May 22, 2025, June 2, 2025, June 12, 2025, July 24, 2025 (Item 8.01 only) and our Amendment No. 1 filed on Form 8-K/A on April 25, 2025; and
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the description of our common stock contained in our registration statement on Form 8-A, filed on January 6, 1998 (File No. 000-23593), pursuant to Section 12(g) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description, including the description of our common stock included as Exhibit 4.05 to our 2024 Form 10-K.
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Page
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About This Prospectus
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1
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About VeriSign, Inc.
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2
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Risk Factors
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3
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Where You Can Find More Information
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4
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Incorporation of Certain Documents by Reference
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5
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Special Note Regarding Forward-Looking Statements
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6
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Use of Proceeds
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8
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Description of Capital Stock
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9
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Selling Stockholders
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11
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Plan of Distribution
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12
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Legal Matters
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15
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Experts
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15
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our Annual Report on Form 10-K (File No. 000-23593) for the fiscal year ended December 31, 2024, filed on February 13, 2025;
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our Quarterly Reports on Form 10-Q (File No. 000-23593) for the quarterly period ended March 31, 2025, filed on April 24, 2025 and for the quarterly period ended June 30, 2025, filed on July 24, 2025;
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the portions of the Definitive Proxy Statement on Schedule 14A for the annual meeting of stockholders on May 22, 2025, filed on April 11, 2025, that are incorporated by reference into Part III of our Annual Report on Form 10-K (File No. 000-23593) for the fiscal year ended December 31, 2024;
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our Current Reports on Form 8-K (File No. 000-23593) filed on February 13, 2025, March 11, 2025 (two filed on this date), May 22, 2025, June 2, 2025, June 12, 2025, July 24, 2025 (Item 8.01 only) and our Amendment No. 1 filed on Form 8-K/A on April 25, 2025; and
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the description of our common stock contained in our registration statement on Form 8-A, filed on January 6, 1998 (File No. 000-23593), pursuant to Section 12(g) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description, including the description of our common stock included as Exhibit 4.05 to our 2024 Form 10-K.
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attempted security breaches, cyber-attacks, and Distributed Denial of Service attacks against our systems and services;
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•
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the introduction of undetected or unknown defects in our systems or services;
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•
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vulnerabilities in the global routing system;
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•
|
system interruptions or system failures;
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•
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damage to our data centers or our data center systems or resolution systems;
|
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•
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risks arising from our operation of root servers and our performance of the Root Zone Maintainer functions under the Root Zone Maintainer Service Agreement with the Internet Corporation for Assigned Names and Numbers ("ICANN");
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•
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any loss or modification of our right to operate the .com and .net generic top-level domains;
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•
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changes or challenges to the pricing provisions of the .com Registry Agreement;
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•
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new or existing governmental laws and regulations in the U.S. or other applicable non-U.S. jurisdictions;
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•
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new laws, regulations, directives or ICANN policies that require us to obtain and maintain personal information of registrants;
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•
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economic, legal and political risks associated with our international operations;
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•
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the impact of unfavorable tax rules and regulations;
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•
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risks from the adoption of ICANN's consensus and temporary policies, technical standards and other processes;
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•
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the weakening of or changes to the multi-stakeholder form of internet governance;
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•
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the outcome of claims, lawsuits, audits or investigations;
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•
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lower economic growth;
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•
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our ability to compete in the highly competitive business environment in which we operate;
|
|
•
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changes in internet practices and behavior and the adoption of substitute technologies, or the negative impact of wholesale price increases;
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•
|
our ability to expand our services into developing and emerging economies;
|
|
•
|
our ability to maintain strong relationships with registrars and their resellers;
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•
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our ability to attract, retain and motivate our highly skilled employees;
|
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•
|
our ability to pay dividends on our common stock in the future; and
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•
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our ability to protect and enforce our intellectual property rights.
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authorize our board of directors to establish one or more series of undesignated preferred stock, the terms of which can be determined by our board of directors at the time of issuance;
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do not authorize cumulative voting;
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authorize our board of directors, subject to certain exceptions, to alter, amend or repeal any bylaw;
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provide that special meetings of our stockholders may be called only by the chairman of our board of directors, the president, our board of directors, or our secretary (acting as a representative of the
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provide that our stockholders may take action only at a duly called meeting and not by written consent;
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in connection with stockholder meetings, provide an advanced written notice procedure with respect to stockholder nomination for directors and bringing other business; and
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provide that our directors may fill any vacancies on our board of directors, including newly created board seats resulting from an increase in the authorized number of directors and vacancies resulting from the death, resignation, or other cause.
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our board of directors approved the business combination or the transaction in which the person became an interested stockholder prior to the date the person attained this status;
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upon consummation of the transaction that resulted in the person becoming an interested stockholder, the person owned at least 85% of our voting stock outstanding at the time the transaction commenced, excluding shares owned by persons who are directors and also officers and issued under employee stock plans under which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or
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on or subsequent to the date the person became an interested stockholder, our board of directors approved the business combination and the stockholders other than the interested stockholder authorized the transaction at an annual or special meeting of stockholders by the affirmative vote of at least two-thirds of the outstanding stock not owned by the interested stockholder.
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•
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any merger or consolidation involving us and the interested stockholder;
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any sale, transfer, pledge or other disposition involving the interested stockholder of 10% or more of our assets;
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in general, any transaction that results in the issuance or transfer by us of any of our stock to the interested stockholder;
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any transaction involving us that has the effect of increasing the proportionate share of our stock owned by the interested stockholders; and
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the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges, or other financial benefits provided by or through us.
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Name of Selling Stockholders
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Number of Shares of Common
Stock Beneficially Owned
Prior to this Offering
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Number of
Shares of
Common
Stock
Offered
Hereby
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|
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Number of Shares of
Common Stock
Beneficially Owned
After this Offering
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||||||
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Number
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|
|
Percentage
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|
|
Number
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|
|
Percentage
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|||||
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Affiliates of Berkshire Hathaway Inc.(1)
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4,815,032
|
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5.15%
|
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4,815,032
|
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|
0
|
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0.00%
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|
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|
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|
|
|
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(1)
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Reflects (i) 1,015,032 shares of common stock held of record by Berkshire Hathaway Consolidated Pension Plan Master Trust and (ii) 3,800,000 shares of common stock held of record by Burlington Northern Santa Fe, LLC Master Retirement Trust. Berkshire Hathaway Inc. directs the investments of Berkshire Hathaway Consolidated Pension Plan Master Trust and Burlington Northern Santa Fe, LLC Master Retirement Trust. The principal business address of Berkshire Hathaway Consolidated Pension Plan Master Trust is Berkshire Hathaway Consolidated Pension Plan Master Trust, c/o Berkshire Hathaway Inc., 3555 Farnam Street, Omaha, NE 68131. The principal business address of Burlington Northern Santa Fe, LLC Master Retirement Trust is BNSF Master Retirement Trust, c/o BNSF Railway, 2650 Lou Menk Drive, Fort Worth, TX 76131.
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TABLE OF CONTENTS
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through underwriters in a public offering;
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through Nasdaq or any other securities exchange that quotes the common stock;
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in the over-the-counter market;
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in transactions other than on those exchanges or in the over-the-counter market (including negotiated transactions and other private transactions);
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in short sales (sales of shares completed by delivery of borrowed stock) of the common stock, in transactions to cover short sales or otherwise in connection with short sales;
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by pledge to secure debts and other obligations or on foreclosure of a pledge;
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through put or call options, including the writing of exchange-traded call options, or other hedging transactions related to the common stock;
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in a combination of any of the above transactions; or
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any other method permitted pursuant to applicable law.
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enter into transactions with a broker-dealer or any other person in connection with which such broker-dealer or other person will engage in short sales of common stock, in which case such broker-dealer or other person may use shares of common stock received from the selling stockholders to close out their short positions;
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sell common stock short themselves and redeliver shares offered by this prospectus to close out their short positions or to close out stock loans incurred in connection with their short positions;
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enter into option or other types of transactions that require the selling stockholders to deliver common stock to a broker-dealer or any other person, who will then resell or transfer the common stock under this prospectus; or
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loan or pledge the common stock to a broker-dealer or any other person, who may sell the loaned shares or, in an event of default in the case of a pledge, sell the pledged shares under this prospectus.
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a block trade in which a broker-dealer or other person may resell a portion of the block, as principal or agent, in order to facilitate the transaction;
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purchases by a broker-dealer or other person, as principal, and resale by the broker-dealer or other person for its account;
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ordinary brokerage transactions and transactions in which a broker solicits purchasers; or
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privately negotiated transactions.
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the name or names of the underwriters, if any;
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the purchase price of the securities or other consideration therefor, and the proceeds, if any, the selling stockholders will receive from the sale;
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any over-allotment options or other options under which underwriters may purchase additional securities from the selling stockholders;
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any agency fees or underwriting discounts and other items constituting agents' or underwriters' compensation;
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any public offering price;
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any discounts or concessions allowed or reallowed or paid to dealers; and
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any securities exchange or market on which the securities may be listed.
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transfer their shares of common stock in other ways not involving a market maker or established trading markets, including directly by gift, distribution or other transfer;
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sell their shares of common stock in compliance with the provisions of Rule 144 or Rule 145 under the Securities Act, if the transaction meets the requirements or Rule 144 or Rule 145, as applicable; or
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sell their shares of common stock by any other legally available means.
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TABLE OF CONTENTS