UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
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Preliminary Proxy Statement |
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) |
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Soliciting Material under§240.14a-12 |
ART TECHNOLOGY GROUP, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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ATG ANNOUNCES ADJOURNMENT
OF SPECIAL STOCKHOLDER MEETING
Special Meeting to be Reconvened On Tuesday, January 4, 2011
ATG Stockholders Urged To Vote FOR the Proposed Acquisition ATG by Oracle Corporation
CAMBRIDGE, Mass. December 21, 2010 ATG (Art Technology Group, Inc., NASDAQ: ARTG) announced
that a special meeting of stockholders, convened today for the purpose of obtaining the approval of
ATG stockholders of its agreement to be acquired by Oracle Corporation for $6.00 per share in cash,
was adjourned without a vote on the merger proposal. The special meeting has been adjourned until
Tuesday, January 4, 2011 at 10:00 a.m. in response to an order of the Delaware Court of Chancery
requiring ATG to make available to its stockholders prior to the vote additional information
regarding fees received by ATGs financial advisor, Morgan Stanley & Co., Incorporated (Morgan
Stanley) for services performed for Oracle Corporation from 2007 to the present.
At the time of the adjournment, a preliminary count indicated that the holders of approximately 71%
of ATGs outstanding shares represented at the special meeting in person or by proxy intended to
vote in favor of the merger. The results of voting at the special meeting, once reconvened on
January 4, 2011, could differ materially from this preliminary count.
Assuming the merger agreement is approved by ATG stockholders at the special meeting, as
adjourned, and that other customary closing conditions are met, the transaction is expected to
close on or about January 5, 2011.
Additional Soliciting Materials. As stated in the definitive proxy statement dated November 29,
2010 that was previously mailed to ATG stockholders (the Proxy Statement), Morgan Stanley
provided financial advisory services to ATG and also provided a fairness opinion to the Board of
Directors of ATG in connection with the proposed merger. ATG will file with the Securities and
Exchange Commission additional soliciting materials (the Additional Soliciting Materials) that
supplement the Proxy Statement by providing additional disclosure concerning investment banking and
other services provided by Morgan Stanley to Oracle from 2007 to the present and the amount of the
fees received by Morgan Stanley from Oracle for such services. ATG stockholders are urged to
carefully read the Additional Soliciting Materials when available.
As will be described in the Additional Soliciting Materials, any stockholder who has previously
delivered a proxy may revoke it at any time before the polls close at the special meeting on
January 4, 2011. Stockholders who do not wish to rescind their votes, including stockholders who
have already voted in favor of the merger proposal or the adjournment proposal and do not wish to
change that vote, do not need to take any further action. All shares of Art Technology Group common
stock represented by properly executed proxies that are received in time for the special meeting,
as adjourned, and that are not revoked, will be voted at the special meeting in the manner
specified by the holder.
ATG stockholders of record as of November 23, 2010, the record date for the special meeting, who
have not yet voted and still wish to do so may vote in the manner set forth in the Proxy Statement.
Stockholders who have questions about the merger or how to submit proxies, or who need additional
copies of the Proxy Statement or the enclosed proxy card or about the Additional Soliciting
Materials may contact ATGs proxy solicitor, Phoenix Advisory Partners, at (800) 576-4314.
ATGs board of directors, which previously recommended that ATG stockholders adopt the merger
agreement, reaffirms that recommendation and encourages stockholders to vote FOR the adoption of
the merger agreement at the special meeting, as adjourned.
About ATG
ATG (Nasdaq: ARTG) provides the most advanced cross-channel commerce software and services to fuel
the growth of the worlds best brands. Offering the industrys leading commerce solution, ATG works
in partnership
with clients to drive sales via a personalized customer experience unifying and optimizing
interactions across the Web, contact center, mobile devices, social media, physical stores, and
other key channels. Exclusively focused on online and cross-channel commerce, ATG is uniquely
capable of powering the most innovative and successful commerce experiences, with results that
outperform industry norms. ATG Commerce is the commerce platform and business user application
solution top-rated by industry analysts for powering results-driven, personalized, and innovative
e-commerce sites. ATGs platform-neutral optimization solutions for live help, lead performance,
and product recommendations can be easily added to any website to quickly and measurably grow
revenue, boost loyalty, and unlock profits and insight. ATG is headquartered in Cambridge,
Massachusetts, with additional locations throughout North America and Europe. For more information,
please visit http://www.atg.com.
© 2010 Art Technology Group, Inc. ATG and Art Technology Group are registered trademarks of Art
Technology Group, Inc. All other product names, service marks, and trademarks mentioned herein are
trademarks of their respective owners.