Filed by LogMeIn, Inc.
pursuant to Rule 425 under the Securities Act of 1933,
as amended, and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934, as amended
Subject Companies: LogMeIn, Inc.
(Commission File No. 001-34391)
This filing relates to a proposed business combination involving
LogMeIn, Inc., Citrix Systems, Inc. and GetGo, Inc.
The following information was emailed to all global employees of LogMeIn, Inc. on September 27, 2016.
Employee FAQ
The purpose of this document is to provide answers to questions of LogMeIn employees. It will be updated whenever we have additional information.
Update as of 9/27/16
Leadership
How was the leadership team chosen?
| • | The senior leadership team of the combined company is the result of extensive discussions with members of the management and HR teams of both LogMeIn and GetGo, led by Bill Wagner, as well as consultations with an independent consultant. |
| • | We believe this group is incredibly well suited to lead the combined company into its next chapter as it’s made up of great, well respected leaders across both orgs who are already running – and growing – the businesses today. |
If there’s a leadership change in my organization, what does that mean for me?
| • | At this point, nothing new – final decisions on org structure and team make up won’t come for some time. |
| • | Additionally, until close, it’s business as usual and LogMeIn and GetGo remain separate companies. Our respective senior management teams remain in place and both are focused on leading their individual functions and companies to a strong and successful finish to 2016. |
| • | The combined company executive team announcement is just the first step in the process of defining the combined company |
| • | You can expect a “best of both” approach will be taken to all teams, regardless of which company the leader comes from – i.e. you should expect virtually every team to include members of both GetGo and LMI |
| • | As always, we have and will continue to value highly engaged, passionate employees |
When will decisions be made on the next level of leaders and teams? How will these decisions be made?
| • | The combined company exec team announcement is the first step in the process to making broader team decisions – one that gives us the next level of detail necessary to more effectively execute on the specifics associated with the integration plan. |
| • | The combined company team represents a best of both approach in people and in location – we will have great leaders from both LMI and GetGo and will have a bi-coastal, multi-location leadership team |
| • | Individual team decisions will be made as part of the overall integration planning process and will be informed by both general strategy and org structure integration tracks, as well as functional integration tracks. |
| • | Moving forward, we’ll be bringing more people into the integration planning process – and it will be this process that helps to inform and make choices future org design decisions. |
| • | As we’ve said previously, we will communicate decisions and information to the extent possible. |
Will we have a chance to meet any new leaders from GetGo?
| • | We intend to make introductions as soon as possible, without disrupting the normal course of business. |
| • | The combined company leadership team will be reaching their future direct reports in the coming days with the hopes of following that up – if/when possible – with in-person visits. |
| • | The leaders may not meet everyone right away, but executives from both sides will try to meet as much of their new teams as soon as possible. |
Does the naming of senior executives have impact on facilities or office locations?
| • | While facilities decisions have yet to be finalized, we expect the combined company to have far larger bases than current LMI structure – and these locations will be very cross-functional. |
| • | In addition to our Boston headquarters (as announce previously), we are committed to having a strong presence in places like Southern and Northern California, and Budapest. |
| • | We expect that upon close of the deal, our functional teams and leadership will be represented across many offices. |
Forward-Looking Statements
This communication contains “forward-looking statements” concerning LogMeIn, Inc. (“LMI”), Citrix Systems, Inc. (“Citrix”), GetGo, Inc. (“GetGo”), the proposed transactions and other matters. All statements other than statements of historical fact contained in this report are forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not
forward-looking. These forward-looking statements are based on the current expectations, beliefs and assumptions of the management of LMI, Citrix and GetGo concerning future developments, business conditions, the Company’s plans to issue dividends in connection with the transaction, and their potential effects. There can be no assurance that future developments affecting the parties will be those that the parties anticipate.
Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements are the following: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (2) the risk that LMI’s stockholders may not approve the issuance of the Company common stock in connection with the proposed merger, (3) the risk that the necessary regulatory approvals may not be obtained or may be obtained subject to conditions that are not anticipated, (4) risks that any of the closing conditions to the proposed merger, including Citrix’s distribution of the shares of GetGo, may not be satisfied in a timely manner, (5) risks related to disruption of management time from ongoing business operations due to the proposed transactions, (6) failure to realize the estimated synergies or growth from the proposed transactions or that such benefits may take longer to realize than expected, (7) risks related to unanticipated costs of integration of GetGo by LMI, (8) the effect of the announcement of the proposed transactions or the consummation of the proposed transactions on the ability of LMI and Citrix to retain and hire key personnel and maintain relationships with their key business partners and customers, and on their operating results and businesses generally, (9) the length of time necessary to consummate the proposed transactions, (10) adverse trends in economic conditions generally or in the industries in which the LMI and Citrix operate, (11) adverse changes to, or interruptions in, relationships with third parties unrelated to the announcement, (12) LMI’s ability to compete effectively and successfully and to add new products and services, (13) LMI’s ability to successfully manage and integrate acquisitions, (14) the ability to attract new customers and retain existing customers in the manner anticipated, (15) unanticipated changes relating to competitive factors in the parties’ industries, and (16) the business interruptions in connection with the LMI’s technology systems. Discussions of additional risks and uncertainties are contained in LMI’s, Citrix’s and GetGo’s filings with the U.S. Securities and Exchange Commission (the “SEC”). None of LMI, Citrix or GetGo is under any obligation, and each expressly disclaim any obligation, to update, alter, or otherwise revise any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events, or otherwise. Persons reading this announcement are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof.
No Offer or Solicitation
This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction.
Important Additional Information Will be Filed with the SEC
In connection with the proposed transaction, LogMeIn and GetGo intend to file registration statements with the SEC. LogMeIn will also file a proxy statement. Citrix stockholders are urged to read the prospectus and/or information statement that will be included in the registration statements and any other relevant documents when they become available, and LogMeIn stockholders are urged to read the proxy statement and any other relevant documents when they become available, because they will contain important information about LogMeIn, GetGo, Citrix and the proposed transactions. The proxy statement, prospectus and/or information statement and other documents relating to the proposed transactions (when they become available) can also be obtained free of charge from the SEC’s website at www.sec.gov. The proxy statement, prospectus and/or information statement and other documents (when they are available) can also be obtained free of charge from Citrix upon written request to Investor Relations, 851 Cypress Creek Road, Fort Lauderdale, FL 33309, or by calling (954) 229-5758 or upon written request to LogMeIn, Investor Relations, 320 Summer Street, Boston, MA 02210 or by calling (781) 897-0694.
Participants in the Solicitation
This communication is not a solicitation of a proxy from any security holder of LogMeIn. However, LogMeIn, Citrix and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from shareholders of LogMeIn in connection with the proposed transaction under the rules of the SEC. Information regarding the persons who are, under the rules of the SEC, participants in the solicitation of the stockholders of LogMeIn in connection with the proposed transactions, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the [proxy statement/prospectus when it is filed with the SEC. Information about the directors and executive officers of Citrix may be found in its Annual Report on Form 10-K filed with the SEC on February 18, 2016, and its definitive proxy statement relating to its 2016 Annual Meeting of Shareholders filed with the SEC on April 29, 2016. Information about the directors and executive officers of LogMeIn may be found in its Annual Report on Form 10-K filed with the SEC on February 19, 2016, and its definitive proxy statement relating to its 2016 Annual Meeting of Stockholders filed with the SEC on April 8, 2016.