FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
The Securities Exchange Act of 1934
For the month of December, 2009
Commission File Number: 0-19415
MAGIC SOFTWARE ENTERPRISES LTD.
(Translation of Registrant's Name into English)
5 HaPlada Street, Or-Yehuda, Israel 60218
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F:
Form 20-F |_| Form 40-F |_|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by RegulationS-T Rule 101(b)(1): N/A
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by RegulationS-T Rule 101(b)(7): N/A
Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes |_| No |_|
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- N/A
CONTENTS
This report on Form 6-K of MAGIC SOFTWARE ENTERPRISES Ltd. consists of the
following documents, which are attached hereto and incorporated by reference
herein:
1. Magic Software Announces Distribution of Cash Dividend
PRESS RELEASE
Magic Software Announces Distribution of Cash Dividend
Or-Yehuda, Israel, December 29, 2009 - Magic Software Enterprises Ltd. (NASDAQ:
MGIC), a global provider of application platforms and business and process
integration solutions, announced today that its board of directors has declared
a cash dividend in the amount of US$0.50 per share and in the aggregate amount
of approximately US$16.0 million.
The dividend is payable January 25, 2010 to all of the Company's shareholders of
record at the close of the NASDAQ Global Market on January 11, 2010. In
accordance with Israeli tax law, the Company will deduct 20% withholding tax of
the dividend amount payable to each shareholder, subject to applicable
exemptions. The Company has not established a dividend policy with respect to
future dividend distributions
The dividend will be paid in US dollars on the ordinary shares of Magic Software
Enterprises that are traded on the Tel Aviv Stock Exchange (TASE), and on the
ordinary shares of Magic Software Enterprises that are traded on the NASDAQ
Global Market.
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About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of
multiple-mode application platform solutions - including Full Client, Rich
Internet Applications (RIA), Mobile or Software-as-a-Service (SaaS) modes - and
business and process integration solutions. Magic Software has offices in 10
countries and a presence in over 50, as well as a global network of ISV's,
system integrators, value-added distributors and resellers, and consulting and
OEM partners. The company's award-winning code-free solutions give partners and
customers the power to leverage existing IT resources, enhance business agility
and focus on core business priorities. Magic Software's technological approach,
product roadmap and corporate strategy are recognized by leading industry
analysts. Magic Software has partnerships with global IT leaders including SAP
AG, salesforce.com, IBM and Oracle. For more information about Magic Software
and its products and services, visit www.magicsoftware.com, and for more about
our industry related news, business issues and trends, read the Magic Software
Blog.
Except for the historical information contained herein, the matters discussed in
this news release include forward-looking statements that may involve a number
of risks and uncertainties. Actual results may vary significantly based upon a
number of factors including, but not limited to, risks in product and technology
development, market acceptance of new products and continuing product
conditions, both here and abroad, release and sales of new products by strategic
resellers and customers, and other risk factors detailed in the Company's most
recent annual report and other filings with the Securities and Exchange
Commission.
Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks
are the trademarks of their respective owners.
Press contacts:
Amit Birk
Vice President M&A and General Counsel
Magic Software Enterprises Ltd.
Tel. +972 (0)3 538 9480
Email: abirk@magicsoftware.com
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, thereunto duly authorized.
Date: December 29, 2009 Magic Software Enterprises Ltd
By: /s/ Amit Birk
--------------------------------
Amit Birk
VP, General Counsel
EXHIBIT INDEX
Exhibit Number Description of Exhibit
10.1 Magic Software Announces Distribution of Cash Dividend
Exhibit 10.1