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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 14A |
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Proxy
Statement Pursuant to Section 14(a) of |
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Filed by the Registrant ý |
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Filed by a Party other than the Registrant o |
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Check the appropriate box: |
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Definitive Proxy Statement |
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Definitive Additional Materials |
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Soliciting Material Pursuant to §240.14a-12 |
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BroadVision, Inc. |
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(Name of Registrant as Specified In Its Charter) |
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant) |
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Payment of Filing Fee (Check the appropriate box): |
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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(1) |
Title of each class of securities to which transaction applies: |
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(2) |
Aggregate number of securities to which transaction applies: |
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
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Proposed maximum aggregate value of transaction: |
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Total fee paid: |
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Fee paid previously with preliminary materials. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
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(1) |
Amount Previously Paid: |
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(2) |
Form, Schedule or Registration Statement No.: |
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Filing Party: |
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Date Filed: |
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Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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Subject: Extending shareholders voting period for Vector acquisition
BroadVision issued a press release today announcing that we have extended the stockholder voting period to October 26, 2005. We have a very large and widely distributed stockholder base and have not yet talked to all of them to secure their vote regarding the impending acquisition by Vector Capital. Here is the math:
We have approximately 34.3M shares outstanding, requiring 17.2M affirmative votes to approve the deal. To date, only 32% of our outstanding shares, or 10.6M, have been voted, of which 9.8M, or 92%, are affirmative. This leaves us with 7.4M more affirmative votes to go, out of possibly 8M more shares to be voted (i.e., 34% of the remaining 23.7M yet-to-be-voted shares).
We are dedicated to this cause and have engaged Georgeson Shareholder, a well respected worldwide organization, that is communicating with the necessary number of stockholders to approve the deal. Now, we must remain vigilant in our efforts to talk to the remaining stockholders and we are focusing our efforts on doing so.
If you are a stockholder and have not returned the proxy card with your vote, please do so immediately. If you know of other stockholders who have not voted, please encourage them to do so - we need everyone’s support in this effort.
If you have not received your proxy, or know any shareholder who still doesn’t have the proxy, please contact Bill Meyer immediately. We will help you get your proxy and vote done expeditiously.
If you have questions, feel free to send them to askbv@BroadVision.com <mailto:askbv@BroadVision.com> or directly to Bill. We will be in touch as we make progress.
Thanks,
Pehong