UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
(Amendment No. 1)
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
TYLER TECHNOLOGIES, INC. (Name of Subject Company (Issuer)) |
TYLER TECHNOLOGIES, INC. (Issuer) (Names of Filing Persons (Identifying Status as Offeror, Issuer, or Other Person) |
Common Stock (Title of Class of Securities) |
902252105 (CUSIP Number of Class of Securities) |
H. Lynn Moore, Jr., Esq. General Counsel 5949 Sherry Lane, Suite 1400 Dallas, Texas 75225 (972) 713-3719 (Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons) |
With a copy to: Randall G. Ray, Esq. Gardere Wynne Sewell LLP 1601 Elm Street, Suite 3000 Dallas, Texas 75201-4761 (214) 999-3000 |
CALCULATION OF FILING FEE
Transaction Valuation* |
Amount of Filing Fee** |
|
---|---|---|
$16,800,000 | $1,360 | |
Amount Previously Paid: | $1,360 | Filing Party: | Tyler Technologies, Inc. | ||
Form or Registration No.: | Schedule TO | Date Filed: | April 14, 2003 |
Check the appropriate boxes below to designate any transaction to which the statement relates:
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
This Amendment No. 1 ("Amendment No. 1") to the Issuer Tender Offer Statement on Schedule TO is filed by Tyler Technologies, Inc., a Delaware corporation (the "Company"), in connection with its offer to purchase up to 4,200,000 shares of common stock of the Company, $0.01 par value per share (the "Common Stock"), or such lesser number of shares as is properly tendered and not properly withdrawn, at a price specified by the Company that is not in excess of $4.00 nor less than $3.60 per share, net to the seller in cash, without interest, at which the Company's stockholders have indicated they are willing to sell their shares. The Company's offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated April 14, 2003 (the "Offer to Purchase") and the related Letter of Transmittal (the "Letter of Transmittal"), as amended or supplemented from time to time, which together constitute the offer. This Amendment No. 1 amends and supplements the Issuer Tender Offer Statement on Schedule TO originally filed by the Company on April 14, 2003 (the "Schedule TO") as set forth below. This Amendment No. 1 to the Schedule TO is intended to satisfy the reporting requirements of Rule 13(e)-4(c)(3) of the Securities Exchange Act of 1934, as amended.
The information in the Offer to Purchase and the Letter of Transmittal, copies of which were previously filed on Schedule TO as Exhibit (a)(1)(i) and (a)(i)(ii), respectively, is incorporated in this Amendment No. 1 by reference to all of the applicable items in the Schedule TO, except that such information is hereby amended and supplemented to the extent specifically provided herein.
Items 4 and 11 of the Schedule TO, which incorporate by reference the information contained in the Offer to Purchase and the Letter of Transmittal, are hereby amended and supplemented as follows:
(i) Section 1 ("Number of Shares; Proration") of the Offer to Purchase is amended by adding the following sentence prior to the last sentence of the third paragraph found on page 3 of the Offer to Purchase:
"We will announce by press release the single per share purchase price that we have selected to pay for shares properly tendered and not properly withdrawn promptly after such determination has been made."
(ii) Section 7 ("Conditions of the Offer") of the Offer to Purchase is amended as follows:
(a) In the first paragraph on page 15, the phrase "before the time of payment for any shares" is deleted and replaced with "before the expiration of the offer."
(b) Subparagraph (2) under the first bullet point on page 15 is deleted in its entirety and replaced with the following:
"in our reasonable judgment, could materially and adversely affect our and our subsidiaries' business, condition (financial or otherwise), income, operations, or prospects, taken as a whole, or otherwise materially impair in any way the future conduct of our business or our subsidiaries' business (as contemplated by our current business plans as discussed in our past public reports filed with the SEC) or materially impair our ability to purchase up to 4,200,000 shares of our common stock in the offer;"
(c) Subparagraph (3) under the second bullet point on page 16 is deleted in its entirety and replaced with the following:
"materially impair our ability to purchase up to 4,200,000 shares of our common stock in the offer; or"
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(d) Subparagraph (4) under the second bullet point on page 16 is deleted in its entirety and replaced with the following:
"materially and adversely affect our and our subsidiaries' business, condition (financial or otherwise), income, operations, or prospects, taken as a whole, or otherwise materially impair in any way the future conduct of our business or our subsidiaries' business (as contemplated by our current business plans as discussed in our past public reports filed with the SEC);"
(e) Subparagraph (5) of the third bullet point on page 16 is deleted in its entirety and replaced with the following:
"any decrease of more than 10% in the market price for our common stock or a 10% or greater decrease in the New York Stock Exchange, the Nasdaq Composite Index, the Dow Jones Industrial Average, the S&P 500 Composite Index or the market prices of equity securities generally in the United States, as measured from the close of business on Friday, April 11, 2003, the last trading day prior to the commencement of the offer, and the close of trading on the last trading day prior to the expiration of the offer;
(f) The seventh bullet point on page 17 is deleted in its entirety and replaced with the following:
"any change or event is discovered or is threatened in our or our subsidiaries' business, condition (financial or otherwise), assets, income, operations, or prospects, or in the ownership of our shares that, in our reasonable judgment, is or is reasonably likely to have a material adverse affect on us or our subsidiaries; or"
(g) In the last paragraph on page 17, the phrase "(including any action or omission to act by us)" is deleted.
(iii) The second paragraph under the subheading "Incorporation by Reference" under Section 10 ("Certain Information Concerning Us") of the Offer to Purchase is amended by deleting such paragraph in its entirety and replacing it with the following sentence:
"We incorporate by reference the above documents."
(iv) The first sentence of the last paragraph under Section 14 ("Certain U.S. Federal Income Tax Consequences") is amended by deleting such sentence in its entirety and replacing it with the following sentence:
"The tax discussion set forth above is not tax advice."
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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
TYLER TECHNOLOGIES, INC. |
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By: |
/s/ H. Lynn Moore, Jr. |
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H. Lynn Moore, Jr. Vice President and General Counsel |
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Dated: April 24, 2003 |