Initially, the Rights will be attached to all certificates representing Common Stock then outstanding, and no separate Rights Certificates (as hereinafter defined) will be distributed. The Rights will become exercisable and separate from the Common...Concurrent Computer Corp/De • September 25th, 2002 • Electronic computers
The amendment and restatement of the Rights Agreement is not in response to any action by a third party. If your Board of Directors had not amended the Rights Agreement, it would have expired on August 14, 2002. Rather than allow it to expire, the Board extended it for another ten (10) year term and amended it to make it a state-of-the-art, updated Rights Agreement. The primary change was redefining "acquiring person" causing the rights to be exercisable if a person or group acquires 15% or more of Concurrent's common stock.
