SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
March 6, 2020 (March 5, 2020)
Date of Report (date of earliest event reported)
Rimini Street, Inc.
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of
incorporation or organization)
(Commission File Number)
3993 Howard Hughes Parkway, Suite 500
Las Vegas, NV 89169
(Address of principal executive offices) (Zip Code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class:
Name of each exchange on which registered:
Common Stock, par value $0.0001 per share
The Nasdaq Global Market
Public Units, each consisting of one share of Common Stock, $0.0001 par value, and one-half of one Warrant
OTC Pink Current Information Marketplace
Warrants, exercisable for one share of Common Stock, $0.0001 par value
OTC Pink Current Information Marketplace
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2) of this chapter.
Emerging growth company ý
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.1 and incorporated into this Item 7.01 by reference is a copy of a statement issued by Rimini Street, Inc. (the “Company”) on March 5, 2020, titled “Rimini Street Prepared to Deliver Uninterrupted Support During COVID-19 Virus Outbreak,” which will be used beginning March 6, 2020, in whole or in part, from time to time, by executives and other employees of the Company in various contexts.
The information presented in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, unless we specifically state that the information is to be considered “filed” under the Exchange Act or specifically incorporate it by reference in any filing under the Securities Act or the Exchange Act.
All information in Exhibit 99.1 is presented as of the particular date or dates referenced therein, and the Company does not undertake any obligation to, and disclaims any duty to, update any of the information provided.
Certain statements included in this Current Report on Form 8-K are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding the Company’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, catastrophic events that disrupt our business, changes in the business environment in which the Company operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which the Company operates; adverse developments in pending litigation or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of our recently introduced products and services, including our Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services we expect to introduce in the near future; the loss of one or more members of the Company’s management team; uncertainty as to the long-term value of Company’s equity securities; and those discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-Q filed on November 7, 2019, and as updated from time to time by the Company’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by the Company with the Securities and Exchange Commission. In addition, forward-looking statements provide the Company’s expectations, plans or forecasts of future events and views as of the date of this communication. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this communication.
FINANCIAL STATEMENTS AND EXHIBITS
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
RIMINI STREET, INC.
Dated: March 6, 2020
/s/ Seth A. Ravin
Name: Seth A. Ravin
Title: Chief Executive Officer
March 5, 2020
Rimini Street Prepared to Deliver Uninterrupted Support During COVID-19 Virus Outbreak
Rimini Street is prepared under its Global Emergency Operating Plan to continue delivering uninterrupted, mission-critical 24x7x365 support services to its thousands of global clients during the current COVID-19 virus outbreak. There is no change in any process used to request product support, AMS or account assistance.
Rimini Street has hundreds of Oracle and SAP engineers working in 17 countries (none in China) that provide extensive global workforce redundancy and resilience to enable uninterrupted service 24x7x365 even if some of our workforce were to be offline for a period due to illness.
In addition, we have a unique, innovative and secure global remote-connectivity infrastructure and data center model in place that enables our entire workforce of thousands of Rimini Street professionals to securely perform their work from any location with Internet connectivity - giving us the flexibility to close one or all our global facilities if necessary while continuing to provide uninterrupted, mission-critical client support under our contractual SLA’s.
Years ago, Rimini Street developed a Global Emergency Operating Plan to protect our clients, employees, partners and suppliers in the case of a medical, natural disaster or other type of emergency. We have continually revised the plan over the years with the MERS and H1N1 outbreaks and other events. Today, we are prepared for the COVID-19 coronavirus outbreak that is continuing its global spread.
Rimini Street is already taking some actions under the Global Emergency Operating Plan designed to reduce employee exposure risks in our facilities and when traveling globally. These measures align to the United States Center for Disease Control’s (CDC) guidance to mitigate the spread of acute respiratory viruses.
Rimini Street will continue to closely monitor, assess and react to changing circumstances and new information around this global virus outbreak.