SeaChange International, Inc.
Extract: Poison Pill Activity: Exemption/Carveout/Waiver Announcement from a 8-K on 01/09/2020   Download
SEC Document
SEC Filing

NOL Plan

Effective January 6, 2020, SeaChange determined that The Vanguard Group, Inc. (“Vanguard”) shall not be deemed an “Acquiring Person” pursuant to the terms of the Tax Benefits Preservation Plan, dated as of March 4, 2019 (the “NOL Plan”), between SeaChange and Computershare Inc., as Rights Agent, on the basis of a representation letter, dated as of January 3, 2020, from Vanguard on the basis of which SeaChange determined that Vanguard did not jeopardize or endanger SeaChange’s ability to utilize “Tax Benefits”, as defined in the NOL Plan.