8-K Q2.2015 ER


 
 
 
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): August 6, 2015
 
 
 
Qumu Corporation 
(Exact name of Registrant as Specified in its Charter)
 
 
Minnesota
 
(State Or Other Jurisdiction Of Incorporation)
 
 
 
000-20728
 
41-1577970
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
 
 
7725 Washington Avenue South
 
 
Minneapolis, MN
 
55439
(Address Of Principal Executive Offices)
 
(Zip Code)
 
 
 
 
(952) 683-7900
 
Registrant’s Telephone Number, Including Area Code
 
 
 

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):
 
 
o
Written communications pursuant to Rule 425 under the Securities Act
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
 
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
 
 
 




Items under Sections 1 and 3 through 8 are not applicable and therefore omitted.

ITEM 2.02    RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
Qumu Corporation (the “Company”) hereby furnishes as Exhibit 99.1 a press release issued on August 6, 2015 disclosing material non-public information regarding its results of operations for the quarter ended June 30, 2015 and hereby furnishes as Exhibit 99.2 statements of Sherman L. Black, its President and Chief Executive Officer, and Peter J. Goepfrich, its Chief Financial Officer, made on August 6, 2015 at a telephone conference relating to the quarter ended June 30, 2015 results.
The Exhibit 99.1 furnished herein reports amounts for cash and marketable securities that were adjusted following the issuance of the press release. The Company recorded a reclassification adjustment which resulted in a $1.25 million decrease to cash and an offsetting increase to marketable securities as of June 30, 2015, with a corresponding increase to cash used for purchases of marketable securities for the six months ended June 30, 2015. Corrected amounts will be properly reported in the Company’s Form 10-Q for the quarter ended June 30, 2015. The line items impacted in the condensed consolidated financial statements as of and for the six months ended June 30, 2015 are as follows:
 
Amount reported
in Exhibit 99.1
 
Corrected amount
reported in
Form 10-Q
Condensed consolidated balance sheet as of June 30, 2015:
 
 
 
Cash
5,985

 
4,735

Marketable securities
13,503

 
14,753

Condensed consolidated statement of cash flows for the six months ended June 30, 2015:
 
 
 
Cash used for purchases of marketable securities
(8,000
)
 
(9,250
)
Net cash provided by continuing investing activities
9,583

 
8,333

Net cash used in investing activities
9,583

 
8,333

Net decrease in cash and cash equivalents
(5,699
)
 
(6,949
)
ITEM 9.01    FINANCIAL STATEMENTS AND EXHIBITS.
 
 
 
Exhibit No.
 
Description
99.1
 
Press Release issued on August 6, 2015.
 
 
 
99.2
 
Statements of Sherman L. Black, President and Chief Executive Officer, and Peter J. Goepfrich, Chief Financial Officer at a telephone conference held on August 6, 2015.
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, thereunto duly authorized.
 
 
 
 
QUMU CORPORATION
 
 
 
 
By:
/s/ Peter J. Goepfrich
 
 
Peter J. Goepfrich
 
 
Chief Financial Officer
 
 
 
Date: August 7, 2015