Retalix 6-K 2005
Report of Foreign Private Issuer
Pursuant to Rule 13a-16
For the month of June, 2005 (report no. 1)
Commission File Number: 0-29742
(Formerly Point of Sale
10 Zarhin Street,
Raanana 43000, Israel
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 x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-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 Regulation S-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 o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
This Report on Form 6-K, including all exhibits hereto, is hereby incorporated by reference into: (i) the Registrants Registration Statement on Form F-3, Registration No. 333-110681; (ii) the Registrants Registration Statement on Form S-8, Registration No. 333-09840; (iii) the Registrants Registration Statement on Form S-8, Registration No. 333-12146; (iv) the Registrants Registration Statement on Form S-8, Registration No. 333-14238; (v) the Registrants Registration Statement on Form S-8, Registration No. 333-109874; and (vi) the Registrants Registration Statement on Form S-8, Registration No. 333-118930.
New Officer and Director
On April 1, 2005, in connection with the acquisition of substantially all the assets of Integrated Distribution Solutions, LLC (IDS), Victor Hamilton was employed as President and Chief Executive Officer of Retalix SCM, Inc., a wholly-owned subsidiary of Retalix Ltd. His responsibilities will include managing the development and integration for the supply chain division to be created for the purpose of integrating the operations of Retalix and OMI International, Inc., also a subsidiary of Retalix Ltd. In addition, Mr. Hamilton was appointed as a director of Retalix Ltd. on May 9, 2005.
Mr. Hamilton, age 51, founded H&S Computer Systems in 1981. H&S provided customized computer software for the food distribution industry, specializing in ERP warehousing, and sales force automation applications. In January 2000, Mr. Hamilton assumed the role of Chairman and Chief Executive Officer of a newly formed company, IDS, and served in such capacities until the acquisition of substantially all of the assets of IDS by a subsidiary of Retalix Ltd. in April 2005.
In addition to his role as Chairman and Chief Executive Officer, Mr. Hamilton was the owner of approximately 35%, and controlled a majority, of IDS. Retalix paid total consideration for the acquisition of IDSs assets of $44.4 million, consisting of $37.4 million in cash and $7.0 million in Retalix shares. Retalix also agreed to pay up to an additional $5.0 million in Retalix shares contingent upon IDS meeting certain performance criteria over the next two years.
Financial Statements and Related Documents and Consents
The following documents, which are attached hereto, relating to the acquisitions by subsidiaries of Retalix Ltd. of TCI Solutions, Inc. and substantially all of the assets of IDS are incorporated by reference herein:
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.