mgam_8k-081412.htm
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
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Date of Report (Date of earliest event reported):
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August 14, 2012
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Multimedia Games Holding Company, Inc.
(Exact name of Registrant as Specified in its Charter)
000-28318
(Commission File Number)
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Texas
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74-2611034
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(State or other jurisdiction
of incorporation)
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(IRS Employer
Identification No.)
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206 Wild Basin Road South, Bldg. B
Austin, Texas
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78746
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(Address of Principal Executive Offices)
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(Zip Code)
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Registrant’s telephone number, including area code: (512) 334-7500
(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 (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act 17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On August 8, 2012, Adam Chibib, Multimedia Games Holding Company, Inc.’s (the “Company”) Senior Vice President and Chief Financial Officer, entered into a pre-arranged stock trading plan in accordance with guidelines specified in Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended, and the Company’s insider trading policy (a “Trading Plan”). On or about August 20, 2012, each of Jerome R. Smith, the Company’s Senior Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary, and Mick Roemer, the Company’s Vice President of Sales, intend to enter into a Trading Plan. Rule 10b5-1 permits insiders, at a time when the insiders are not in possession of material, non-public information about the Company, to enter into pre-arranged plans for buying or selling Company stock.
Mr. Chibib’s Trading Plan provides for the sale of up to approximately 10% of his total present Company holdings, beginning 14 days after his Plan was signed on August 8, 2012. Shares would be sold under his Trading Plan in the open market at a certain minimum price threshold, which may or may not be achieved. There is no assurance that any or all of the shares in Mr. Chibib’s Trading Plan will, in fact, be sold. Mr. Chibib will have no control over the timing of the stock sales under his Trading Plan. Mr. Chibib’s Trading Plan is scheduled to expire on the earlier of November 8, 2012, or if and when all of the shares under the Plan are sold. Mr. Chibib has entered into his Trading Plan for personal portfolio diversification.
Mr. Smith’s Trading Plan will provide for the sale of up 25% of his present total Company holdings, beginning on October 4, 2012. Shares would be sold under his Trading Plan in the open market at certain minimum price thresholds, which may or may not be achieved. There is no assurance that any or all of the shares in Mr. Smith’s Trading Plan will, in fact, be sold. Mr. Smith will have no control over the timing of the stock sales under his Trading Plan. Mr. Smith’s Trading Plan will be scheduled to expire on the earlier of April 30, 2013, or if and when all of the shares under the Plan are sold. Mr. Smith has entered into his Trading Plan for personal portfolio diversification.
Mr. Roemer’s Trading Plan will provide for the sale of up to 27% of his total present Company holdings, beginning 14 days after his Trading Plan is executed. Shares would be sold under his Trading Plan in the open market at certain minimum price thresholds, which may or may not be achieved. There is no assurance that any or all of the shares in Mr. Roemer’s Trading Plan will, in fact, be sold. Mr. Roemer will have no control over the timing of the stock sales under his Trading Plan. Mr. Roemer’s Trading Plan will be scheduled to expire on the earlier of six months from first sale, or if and when all of the shares under the Plan are sold. Mr. Roemer has entered into his Trading Plan for personal portfolio diversification.
Any actual stock sales under each of Mr. Chibib’s, Mr. Smith’s or Mr. Roemer’s Trading Plan will be disclosed publicly in accordance with applicable securities laws, rules and regulations, through appropriate filings with the U.S. Securities and Exchange Commission.
SIGNATURE
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.
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MULTIMEDIA GAMES HOLDING COMPANY, INC.
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Dated: August 14, 2012
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By:
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/s/ Jerome R. Smith
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Jerome R. Smith
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Senior Vice President, General Counsel and Corporate Secretary
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