Additional Proxy Soliciting Materials (definitive) (defa14a)
13 April 2016 - 7:19AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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):
April 11, 2016
JETPAY CORPORATION
(Exact Name of Registrant as Specified in
Charter)
Delaware
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001-35170
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90-0632274
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.)
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1175 Lancaster Avenue, Suite 200, Berwyn,
PA 19312
(Address of Principal Executive Offices)
(Zip Code)
(484) 324-7980
(Registrant’s Telephone Number, Including
Area Code)
Not Applicable
(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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¨
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Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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x
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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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Item 1.01.
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Entry into a Material Definitive Agreement
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Consent to Amendment of Promissory Notes
On April 11, 2016, JetPay Corporation (“JetPay”
or the “Company”) entered into Consent to Amendment of Promissory Note letter agreements with each of Bipin C. Shah,
the Company’s Chief Executive Officer, Jonathan Lubert, a Director of the Company, and Flexpoint Fund II, L.P. (“Fund
II”), an investor in the Company which has two of its principals on the Company’s Board of Directors, to extend
until July 31, 2016 the maturity dates of certain Unsecured Promissory Notes dated January 15, 2016 in the principal amounts of
$400,000, $500,000, and $1,050,000, respectively (the “Promissory Notes”). Please refer to the Current Report on Form
8-K filed on January 22, 2016 for further details on the Promissory Notes. The Promissory Notes originally carried a maturity date
of the earlier of April 14, 2016 or the occurrence of an event of a default that is not properly cured or waived.
In addition to extending the maturity dates, the Consent to
Amendment of Promissory Note letter agreements require the payment of all accrued and unpaid interest on the original Promissory
Notes, as well as any unpaid commitment fees.
The foregoing description of the Consent to Amendment of Promissory
Note letter agreements does not purport to be complete and is qualified in its entirety by reference to the Consent to Amendment
of Promissory Note letter agreements attached hereto as Exhibit 10.1, 10.2 and 10.3 and incorporated by reference herein.
Item 2.03.
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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The disclosure set forth in Item 1.01 under the heading “Consent
to Amendment of Promissory Notes” is incorporated by reference herein.
Additional Information
This communication is being made in respect of the previously disclosed Transaction involving JetPay and CollectorSolutions,
Inc. (“CSI”). This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities.
JetPay will file a proxy statement on Schedule 14A with the Securities and Exchange Commission (the “SEC”) in connection
with the proposed Transaction, which will be sent to the JetPay stockholders. Stockholders are advised to read the proxy statement
when it becomes available because it will contain important information about JetPay, CSI and the proposed Transaction. JetPay
may also file other documents with the SEC regarding the proposed Transaction with CSI. When filed, these documents and other
documents relating to the proposed Transaction can be obtained free of charge from the SEC’s website at
www.sec.gov.
These documents also can be obtained free of charge by accessing JetPay’s website at
http://www.jetpay.com/corp-investor-relations.php.
Alternatively, these documents, when available, can be obtained free of charge from JetPay upon written request to:
JetPay Corporation, Attn: Investor Relations, 1175 Lancaster Avenue, Suite 200, Berwyn, Pennsylvania 19312.
JetPay and CSI and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies
from the JetPay stockholders in connection with the proposed Transaction. Information about these participants may be found in
the definitive proxy statement of JetPay relating to its 2015 Annual Meeting of Stockholders filed with the SEC on July 2, 2015.
The definitive proxy statement (when it becomes available) can be obtained free of charge from the sources indicated above. Additional
information regarding the interests of such participants will be included in the proxy statement and other relevant documents regarding
the proposed Transaction filed with the SEC when they become available, copies of which may also be obtained free of charge from
the sources indicated above.
Item 9.01.
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Financial Statements and Exhibits.
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(c) Exhibits.
Exhibit No.
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Description
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10.1
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of Bipin C. Shah.
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10.2
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of Jonathan Lubert.
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10.3
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of Flexpoint Fund II, L.P.
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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.
Dated: April 12, 2016
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JETPAY CORPORATION
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By:
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/s/ Gregory M. Krzemien
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Name: Gregory M. Krzemien
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Title: Chief Financial Officer
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EXHIBIT INDEX
Exhibit No.
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Description
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10.1
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of Bipin C. Shah.
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10.2
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of
Jonathan Lubert.
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10.3
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Consent to Amendment of Promissory Note dated April 11, 2016, made by JetPay Corporation in favor of Flexpoint Fund II, L.P.
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