UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
Current Report
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| Item 7.01 | Regulation FD Disclosure |
As described in the report on Form 6-K of Cognyte Software Ltd. (“Cognyte”) filed with the Securities and Exchange Commission on January 29, 2021 (the “Cognyte Form 6-K”) and incorporated herein by reference, Cognyte Technologies Israel Ltd. (formerly Verint Systems Limited) (“CTIL”) declared a cash dividend (the “Dividend”) in the aggregate amount of $35.0 million payable to Verint Systems Inc. (“Verint”), which was CTIL’s sole holder of record of ordinary shares as of the January 29, 2021 record date for the Dividend. The Dividend is subject to the conditions described in the Cognyte Form 6-K.
The information included in Item 7.01 of this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to liabilities of that section.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit |
Title | |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL | |
Forward-Looking Statements
This report contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding statements regarding the Spin-Off of Cognyte and the payment of the Dividend. These forward-looking statements are based on the Verint’s current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Some of the factors that could cause actual results or conditions to differ materially from current expectations include, among others: the Verint’s expectations regarding the anticipated benefits to be achieved following the Spin-Off, including the possibility that the spin-off may negatively impact Verint’s operations or stock price; rapid technological changes and evolving industry standards; and challenges in establishing and maintaining relationships with third-party suppliers, manufacturers, and partners. The Company assumes no obligation to revise or update any forward-looking statement, except as otherwise required by law. For a detailed discussion of these risk factors, see the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended April 30, 2020, its Quarterly Report on Form 10-Q for the quarter ended July 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended October 31, 2020 and other filings the Company makes with the SEC.
SIGNATURES
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.
| VERINT SYSTEMS INC. | ||
| By: | /s/ Peter Fante | |
| Name: | Peter Fante | |
| Title: | Chief Administrative Officer | |
Date: January 29, 2021