UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 6, 2007
BackWeb Technologies Ltd.
(Exact name of registrant as specified in its charter)
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| Israel
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000-26241
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51-2198508 |
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer
Identification No.) |
10 Ha’amal Street, Park Afek, Rosh Ha’ayin, Israel 48092
(Address of principal executive offices, including zip code)
(972) 3-6118800
(Registrant’s telephone number, including area code)
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 |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
TABLE OF CONTENTS
Explanatory Note
On September 12, 2007, BackWeb Technologies Ltd. (“BackWeb”) filed a Current Report on Form
8-K under Item 4.01 (the “Form 8-K”) to report that on September 6, 2007, the Audit Committee of
BackWeb’s Board of Directors dismissed Grant Thornton LLP (“Grant Thornton”) as BackWeb’s
independent registered public accounting firm and approved the appointment of Brightman Almagor &
Co. (“Brightman Almagor”) as BackWeb’s new independent registered public accounting firm. This Form
8-K/A is filed in order to correct a typographical error contained in the original Form 8-K.
ITEM 4.01. CHANGES IN REGISTRANT’S CERTIFYING ACCOUNTANT.
(a) Former independent registered public accounting firm
On September 6, 2007, the Audit Committee of BackWeb’s Board of Directors dismissed Grant
Thornton as its independent registered public accounting firm.
Grant Thornton’s reports on the financial statements of BackWeb for the years ended December
31, 2006 and 2005 did not include any adverse opinion or disclaimer of opinion, or any
qualification or modification as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2006 and 2005 and through September 6, 2007, there were no
disagreements with Grant Thornton on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to Grant
Thornton’s satisfaction, would have caused Grant Thornton to make reference thereto in its reports
on BackWeb’s financial statements for such years.
During the years ended December 31, 2006 and 2005 and through September 6, 2007, there were no
“reportable events” (as that term is defined in Item 304(a)(1)(v) of Regulation S-K), except as
follows:
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Grant Thornton identified two material weaknesses in BackWeb’s internal
control over financial reporting in connection with its audit of BackWeb’s
consolidated financial statements for the year ended and as of December 31, 2006 and
its review of BackWeb’s September 30, 2006 interim financial statements, related to
failure to maintain effective controls over the completeness and accuracy of our
accounting for nonstandard transactions. These material weaknesses in BackWeb’s
internal control over financial reporting related to adjustments proposed by Grant
Thornton related to (1) the accounting for deferred rent on a new facilities operating
lease agreement entered into during 2006 and (2) recognition of revenue on two term
license agreements entered into during the quarter ended September 30, 2006 for which
BackWeb did not have vendor-specific objective evidence of fair value for the bundled
post-contract support. |
BackWeb’s Audit Committee discussed the subject matter of these material weaknesses with Grant
Thornton and authorized Grant Thornton to respond fully to the inquiries of BackWeb’s new
independent registered public accounting firm regarding these material weaknesses.
BackWeb has provided Grant Thornton with a copy of the above disclosures. Grant Thornton’s
response letter stating whether or not it agrees with the statements made above is filed
herewith as an exhibit to this Form 8-K/A.
(b) New independent registered public accounting firm
On September 6, 2007, BackWeb’s Audit Committee approved the appointment of Brightman Almagor
as its new independent registered public accounting firm.
During the fiscal years ended December 31, 2006 and 2005 and through September 6, 2007,
BackWeb did not consult with Brightman Almagor regarding any of the matters or events set forth in
Item 304(a)(2)(i) and (ii) of Regulation S-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
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(d)
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Exhibits |
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16.1
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Letter to the Securities and Exchange Commission from Grant Thornton, dated
September 27, 2007, regarding Item 4.01 to BackWeb’s
Form 8-K/A |