UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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):
March 20, 2017
Gartner,
Inc.
(Exact
name of registrant as specified in its charter)
Delaware
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1-14443
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04-3099750
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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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P.O. Box 10212
56 Top Gallant Road
Stamford, CT 06902-7700
(Address
of principal executive offices, including zip code)
(203) 316-1111
(Registrant’s
telephone number, including area code)
(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):
[X] 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))
Item
1.01. Entry into a Material Definitive Agreement.
On March 20, 2017, Gartner, Inc., a
Delaware corporation (“
Gartner
”) and certain of its subsidiaries (together with Gartner, the “
Loan
Parties
”), entered into an agreement among Gartner, the other Loan Parties party thereto, the lenders party thereto and
JPMorgan Chase Bank, N.A., as administrative agent (the “
Administrative Agent
,” and such agreement, the “
Amendment
”),
which amended Gartner’s existing credit facility, dated as of June 17, 2016 (as amended by the First Amendment, dated as
of January 20, 2017, the “
Existing Credit Agreement
”), among Gartner, the several lenders party thereto and
the Administrative Agent. Additionally, the Amendment amended the Guarantee and Collateral Agreement, dated as of June 17, 2016
(the “
Guarantee and Collateral Agreement
”), among Gartner, each other Loan Party party thereto and the Administrative
Agent.
The
Amendment
was entered into in connection with Gartner’s acquisition of CEB Inc. previously disclosed in Gartner’s Current Report
on Form 8-K filed with the SEC on January 5, 2017 (the “
Merger
”).
The Amendment was executed
primarily to extend the maturity date of the revolving facility and term loan A facility and revise the interest rate and amortization
schedule on the term loan A facility. Loans under the term loan A facility will bear interest at a rate equal to, at Gartner’s
option, either (i) the greatest of: (x) the Administrative Agent’s prime rate; (y) the average rate on Federal Reserve Board
of New York rate plus 1/2 of 1%; and (z) the eurodollar rate (adjusted for statutory reserves) plus 1%, in each case plus a margin
equal to between 0.125% and 1.50% depending on Gartner’s consolidated leverage ratio as of the end of the four consecutive
fiscal quarters most recently ended, or (ii) the eurodollar rate (adjusted for statutory reserves) plus a margin equal to between
1.125% and 2.50%, depending on Gartner’s leverage ratio as of the end of the four consecutive fiscal quarters most recently
ended. In addition, the Amendment effected certain changes to (i) the covenants in the Existing Credit Agreement (including increases
to certain dollar baskets and thresholds) and (ii) the Guarantee and Collateral Agreement.
The foregoing description
of the
Amendment does not purport to be complete and is qualified in its entirety by reference to the
Amendment,
which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or
an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information in Item 1.01 regarding
the Amendment is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
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Description
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10.1
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Second Amendment, dated as of March 20, 2017, among Gartner, Inc., each other Loan Party party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
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Cautionary Note Regarding Forward-Looking
Statements
This Current Report contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements generally relate to future events or Gartner’s future financial or operating performance. In some cases, you can
identify forward-looking statements because they contain words such as “may,” “will,” “should,”
“expects,” “plans,” “anticipates,” “could,” “intends,” “target,”
“projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential”
or
“continue” or the negative of these words or other similar terms or expressions that concern Gartner’s expectations,
strategy, plans or intentions. Gartner’s expectations and beliefs regarding these matters may not materialize, and actual
results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those
projected, including but not limited to:
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·
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failure of CEB stockholders to adopt the Merger Agreement or that the companies will otherwise
be unable to consummate the Merger on the terms set forth in the Merger Agreement;
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·
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the risk that the businesses will not be integrated successfully;
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·
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the risk that synergies will not be realized or realized to the extent
anticipated;
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·
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uncertainty as to the market value of the Gartner merger consideration
to be paid in the Merger;
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·
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the risk that required governmental approvals of the Merger will
not be obtained;
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·
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the risk that, following this transaction, Gartner will not realize
its financing or operating strategies;
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·
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litigation in respect of either company or the Merger; and
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·
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disruption from the Merger making it more difficult to maintain certain
strategic relationships.
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The forward-looking statements contained in this Current Report
are also subject to other risks and uncertainties, including those more fully described in Gartner’s filings with the SEC,
including Gartner’s Annual Report on Form 10-K for the year ended December 31, 2016, which was filed with the SEC on February
22, 2017 and those discussed in “Risk Factors” in the Registration Statement on Form S-4, which was filed with the
SEC on February 6, 2017, and amended on March 6, 2017 and in the documents which are incorporated by reference therein. The forward-looking
statements in this Current Report are based on information available to Gartner as of the date hereof, and Gartner disclaims any
obligation to update any forward-looking statements, except as required by law.
Additional Information and Where to
Find It
This communication references a proposed
business combination involving Gartner and CEB. In connection with the proposed transaction, Gartner filed with the SEC a Registration
Statement on Form S-4 that includes the preliminary proxy statement of CEB and that also constitutes a prospectus of Gartner. The
information in the preliminary proxy statement/prospectus is not complete and may be changed. The preliminary proxy statement/prospectus,
this Current Report on Form 8-K and any related communication are not offers to sell Gartner securities, are not soliciting an
offer to buy Gartner securities in any state where the offer and sale is not permitted and are not a solicitation of any vote or
approval. The definitive proxy statement/prospectus will be mailed to stockholders of CEB.
GARTNER AND CEB URGE INVESTORS
AND SECURITY HOLDERS TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will
be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge at the SEC’s
website, www.sec.gov. Copies of documents filed with the SEC by Gartner (when they become available) may be obtained free of charge
on Gartner’s website at www.gartner.com or by directing a written request to Gartner, Inc., Investor Relations, 56 Top Gallant
Road Stamford, CT 06902-7747. Copies of documents filed with the SEC by CEB (when they become available) may be obtained free of
charge on CEB’s website at www.cebglobal.com or by directing a written request to CEB, Inc. care of Investor Relations, 1919
North Lynn Street, Arlington, VA 22209.
Participants in the Merger Solicitation
Each of Gartner, CEB and their respective
directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation
of proxies in respect of the proposed transaction. Information regarding these persons who may, under the rules of the Securities
and Exchange Commission, be considered participants in the solicitation of CEB stockholders in connection with the proposed transaction
is set forth in the proxy statement/prospectus described above filed with the Securities and Exchange Commission. Additional information
regarding Gartner’s executive officers and directors is included in in Gartner’s Form 10-K/A, which was filed with
the SEC on March 7, 2017. Additional information regarding CEB’s executive officers and directors is included in CEB’s
definitive proxy statement, which was filed with the SEC on April 29, 2016. You can obtain free copies of these documents using
the information in the paragraph immediately above.
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.
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Gartner, Inc.
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Date: March 21, 2017
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By:
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/s/ Craig W. Safian
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Craig W. Safian
Senior Vice President,
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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Second Amendment, dated as of March 20, 2017, among Gartner, Inc., each other Loan Party party thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent.
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