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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

 

Date of Report (Date of earliest event reported): December 28, 2023

 

ALARM.COM HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-37461   26-4247032

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

8281 Greensboro Drive Suite 100 Tysons Virginia  22102
(Address of principal executive offices)  (Zip Code)

 

Registrant’s telephone number, including area code: (877) 389-4033

 

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations 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   Trading Symbol   Name of each exchange on which registered
Common Stock, $0.01 par value per share   ALRM   The Nasdaq Stock Market LLC

 

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 ¨

 

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. ¨

 

 

 

 

 

 

Item 8.01 Other Events.

 

On December 28, 2023, Alarm.com Holdings, Inc. (the “Company”) issued a press release announcing that the Company and Vivint, Inc. have resolved all outstanding litigation between them and entered into a long-term intellectual property license agreement under which the Company will license to Vivint its intellectual property portfolio. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

In November 2023, the Company provided “early thoughts” on its expected financial performance for 2024, which anticipated that litigation with Vivint would continue through 2024. The Company will provide financial guidance for 2024 when it reports its full year 2023 financial results in February 2024, including the expected revenue from this resolution and any other updates since November 2023.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release Dated December 28, 2023
104   Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

 

2

 

 

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.

 

    Alarm.com Holdings, Inc.
     
Date: December 28, 2023  
    By:   /s/ Steve Valenzuela
      Steve Valenzuela
      Chief Financial Officer

 

3

 

 

Exhibit 99.1

 

Alarm.com and Vivint Settle Litigation, Enter into License Agreement

 

Tysons, VA and Provo, UT (December 28, 2023) – Alarm.com (Nasdaq: ALRM) and Vivint announce they have resolved all outstanding litigation between them and entered into a long-term intellectual property license agreement under which Alarm.com will license to Vivint its intellectual property portfolio.

 

Except as required under the rules of the Securities and Exchange Commission, no other information shall be provided regarding the settlement of these matters.

 

About Alarm.com

 

Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com's technology to manage and control their property from anywhere. Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces. Our security, video, access control, intelligent automation, energy management, and wellness solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit www.alarm.com.

 

About Vivint

 

Vivint, an NRG company, is a leading smart home company in the United States, delivering an integrated smart home system with in-home consultation, professional installation, and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves over 2 million customers throughout the United States. For more information, visit https://www.vivint.com.

 

 

 

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