UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 30, 2005
SPESCOM SOFTWARE INC.
(Exact name of registrant as specified in its charter)
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California |
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0-15935 |
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95-3634089 |
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(State or other
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(Commission file number) |
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(I.R.S. Employer |
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10052
Mesa Ridge Court, Suite 100 |
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92121 |
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(Address of principal executive offices) |
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(Zip Code) |
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 3.03 Material Modification to Rights of Security Holders.
On August 30, 2005, the Board of Directors of Spescom Software Inc. (the “Company”) agreed to extend for one year the expiration date of certain warrants and increase the exercise price from $.20 per share to $.30 per share. The warrants to purchase 917,502 shares of common stock at an exercise price of $.20 per share were due to expire on August 31, 2005. The Board of Directors believe it is in the best interest of the Company to extend the expiration date of the warrants to August 31, 2006 and to increase the exercise price to encourage the warrant holders to continue to support the Company and to potentially provide additional working capital through the exercise of such warrants.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On August 30, 2005, the Board of Directors of the Company appointed Keith Stentiford, age 54, as a Director of the Company. The Directors of the Company are annually elected by the shareholders and hold office until their successors have been elected and qualified. Mr. Stentiford is currently the interim Chief Executive Officer of the Company.
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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 hereunto duly authorized.
Dated: September 6, 2005
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SPESCOM SOFTWARE INC. |
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By: |
/s/ John W. Low |
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John W. Low |
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Chief Financial Officer |
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