Business Context and Reporting Period
This Form 6-K filing by NICE Systems Ltd. (NICE) covers the month of May 2006, specifically dated May 18, 2006. NICE is a global provider of advanced solutions enabling organizations to extract insight from interactions to drive performance. The company serves over 23,000 customers in 100 countries, including more than 75 of the Fortune 100 companies.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate action regarding the company's capital structure rather than financial performance results.
Material Changes
The primary material change announced is a two-for-one stock split of the Company's Ordinary Shares/ADRs, effected as a 100% stock dividend. Key dates associated with this change include:
- Record Date: May 30, 2006
- Ex-Dividend Date: May 31, 2006 (for NASDAQ and TASE)
- Payment Date (TASE): June 1, 2006
- Payment Date (ADRs): On or about June 6, 2006
Shareholders of record will receive one additional Ordinary Share/ADR for each share held.
Guidance, Outlook, and Risks
The press release contains forward-looking statements based on management's current expectations. The filing outlines several risk factors that could cause actual results to differ materially, including:
- Changes in technology and market requirements.
- Decline in demand for the Company's products.
- Inability to timely develop and introduce new technologies.
- Difficulties in absorbing and integrating acquired operations.
- Loss of market share and pricing pressure from competition.
The Company undertakes no obligation to update these forward-looking statements.
Investor Verification Checklist
- Verify the record date of May 30, 2006, to confirm eligibility for the stock dividend.
- Confirm the ex-dividend date of May 31, 2006, for trading purposes on NASDAQ and TASE.
- Review the specific payment dates for TASE (June 1) and ADRs (June 6) to manage cash flow expectations.
- Consult the Company's most recent Form 20-F for detailed financial metrics not included in this 6-K.