Acxiom 8-k
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
December 29, 2005
ACXIOM CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-13163 71-0581897
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification Number)
1 Information Way, P.O. Box 8180
Little Rock, Arkansas 72203-8180
(Address of principal executive offices)
(501) 342-1000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
Asset Purchase and License Agreement
On December 29, 2005, Acxiom Corporation ("Acxiom") entered into a definitive Asset Purchase and License Agreement (the "Agreement")
with EMC Corporation ("EMC"). The Agreement provides, among other things, for the purchase by EMC of Acxiom's information grid
software (the "Base Technology") and for the grant of a license from EMC to Acxiom of the Base Technology and further developments
for Acxiom's continued use in connection with its business. Acxiom also licensed other ancillary related technology to EMC.
Under the terms of the agreement, EMC will pay Acxiom $30 million ($20 million paid on December 29, 2005 and $5 million payable on
each of April 1, 2006 and July 1, 2006), and the parties will work together to further develop the Base Technology. Fees received by
Acxiom from EMC pursuant to the Agreement will be recorded by offsetting previously capitalized software balances and amounts
capitalized in the future to further develop the technology. Acxiom expects a per quarter reduction of approximately $1.5 million in
operating expense over a two-year period as result of this arrangement.
Acxiom and EMC also plan to agree upon appropriate go-to-market and product support arrangements for products utilizing the Base
Technology in a joint sales and marketing agreement. EMC and Acxiom will support the commercialization of the grid infrastructure by
linking components of each company's technology and relevant systems, software, services and data into a complete product-based
information grid solution for customers to deploy within their own enterprises.
Item 9.01. Financial Statement and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press Release
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 hereunto duly authorized.
ACXIOM CORPORATION
Date: January 5, 2006
By: /s/ Jerry C. Jones
__________________________________
Name: Jerry C. Jones
Title: Business Development/Legal Leader
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release