- Amended Statement of Ownership: Solicitation (SC 14D9/A)
23 Septembre 2010 - 12:04PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
14D-9/A
Solicitation/Recommendation Statement under Section 14(d)(4)
of the Securities Exchange Act of 1934
(Amendment No. 5)
ICX
TECHNOLOGIES, INC.
(Name of Subject Company)
ICX TECHNOLOGIES, INC.
(Names of Persons Filing Statement)
Common Stock,
par value $0.001 per share
(Title of Class of Securities)
44934T105
(CUSIP Number of Class of Securities)
Colin J.
Cumming
Chief Executive Officer
ICx Technologies, Inc.
2100 Crystal Drive, Suite 650
Arlington, Virginia 22202
(703) 678-2111
(Name, address and telephone numbers of person authorized to receive
notices and communications on behalf of the persons filing statement)
With copies to:
Peter Allan Atkins and Randall H. Doud
Skadden, Arps, Slate, Meagher & Flom LLP
Four Times Square
New York, New York 10036
(212) 735-3000
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.
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This Amendment No. 5 (this
Amendment
) amends and supplements
the Solicitation/Recommendation Statement on Schedule 14D-9 (the
Statement
) of ICx Technologies, Inc. (the
Company
) initially filed on September 3, 2010, as amended by Amendment No. 1 thereto filed on
September 9, 2010, Amendment No. 2 thereto filed on September 10, 2010, Amendment No. 3 thereto filed on September 17, 2010 and Amendment No. 4 thereto filed on September 21, 2010. The Statement relates to the cash
tender offer by Indicator Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of FLIR Systems, Inc., disclosed in a Tender Offer Statement on Schedule TO dated September 3, 2010 filed with the Securities and Exchange
Commission, to purchase all of the Companys outstanding common stock, par value $0.001 per share (the
Shares
), at a price of $7.55 per Share, net to the selling stockholder in cash without interest, less any required
withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated September 3, 2010, and in the related Letter of Transmittal, both of which were filed with the Statement as Exhibits (a)(1) and (a)(2),
respectively. Except as otherwise set forth below, the information set forth in the Statement remains unchanged and is incorporated by reference as relevant to the items in this Amendment. Capitalized terms used but not otherwise defined herein have
the meanings ascribed to such terms in the Statement.
Item 8. Additional Information.
Subsection (g) of Item 8 entitled Stockholder Litigation is hereby amended by adding the following after the seventh
paragraph thereof:
On September 21, 2010, a putative stockholder class action complaint was filed against the Company,
the individual members of the Company Board, Wexford, the Wexford Parties, Parent and Purchaser in the United States District Court for the District of Delaware (the
Rubin Complaint
). In the Rubin Complaint, captioned
Rubin v.
ICx Technologies, Inc., et al.
, C.A. No. 1:10CV00803, plaintiff alleges, among other things, that the members of the Company Board (i) engaged in a course of conduct in violation of Section 14(e) of the Exchange Act, (ii) are
controlling persons of the Company within Section 20(a) of the Exchange Act and caused the Company to engage in wrongful conduct, (iii) violated their fiduciary duties by putting their personal interests ahead of the interests of the
Companys stockholders, failing to take adequate measures to ensure that the interests of the Companys stockholders were properly protected and embarking on a process that avoids competitive bidding and provides Parent with an unfair
advantage in effectively excluding other alternative proposals. Plaintiff further alleges that Parent and Purchaser aided and abetted such alleged violation of Section 14(e) of the Exchange Act and the individual members of the Company
Boards breaches of their fiduciary duties. Plaintiff seeks judicial action: (i) certifying that the action is a class action; (ii) declaring that the defendants have violated or aided and abetted the violation of Section 14(e)
of the Exchange Act, and preliminarily and permanently enjoining them from proceeding with the vote and consummation or closing of the Merger; (iii) declaring that the members of the Company Board have breached their fiduciary duties;
(iv) preliminarily and permanently enjoining the individual members of the Company Board from placing their own interests ahead of the interests of the Company and its stockholders; (v) preliminarily and permanently enjoining the
individual members of the Company Board from implementing any of the protective measures in the Merger Agreement, including but not limited to the exercise of the Top-Up Option, restrictions on seeking bona-fide offers, and payment of the
termination fee and reimbursement that would inhibit the individual members of the Company Boards ability to maximize value for the Companys stockholders; (vi) awarding Plaintiff and the class compensatory damages;
(vii) awarding plaintiff costs, including reasonable attorneys fees; and (viii) granting such other relief as the Court deems just and proper. A copy of the Rubin Complaint is filed as Exhibit (a)(5)(L) hereto and incorporated herein
by reference and should be read for the complete terms of the Rubin Complaint.
Subsection (g) of Item 8 entitled
Stockholder Litigation is hereby amended by adding the following at the end thereof:
As a result of discussion
with counsel for the McGowan Plaintiffs, the parties reached an accommodation regarding the motion for expedited discovery. The McGowan Plaintiffs will withdraw their motion to expedite the proceedings and therefore the hearing scheduled for
September 14, 2010 to hear that motion will likely be canceled.
SIGNATURE
After due inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement
is true, complete and correct.
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ICX TECHNOLOGIES, INC.
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By:
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/s/ Colin J. Cumming
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Name:
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Colin J. Cumming
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Title:
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Chief Executive Officer
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Dated: September 22,
2010
Icx Technology (MM) (NASDAQ:ICXT)
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