UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign
Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities
Exchange Act of 1934
For the month of July, 2008
Commission File Number 001-14552
Top Image Systems Ltd.
(Translation
of registrant’s name into English)
2 Habarzel Street, Ramat Hahayal, Israel 69710
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
CONTENTS
Attached hereto as Exhibit 99.1 is a copy of the Registrant’s press release dated July 17, 2008, regarding a notice by the trustee of the Registrant’s Series A Convertible Debentures.
This Form 6-K is being incorporated by reference into the Registration Statement on Form S-8 (file no. 333-125064) and the Registration Statement on Form F-3 (file no. 333-119885).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 17, 2008 |
Top Image Systems Ltd. By: /s/ Ido Schechter —————————————— Ido Schechter Chief Executive Officer |
EXHIBIT INDEX
| Exhibit No. | Description of Exhibit |
| 99.1 | A copy of the Registrant’s press release dated July 17, 2008, regarding a notice by the Trustee of the Registrant’s Series A Convertible Debentures. |
FOR IMMEDIATE RELEASE
Top Image Systems’ Series A Convertible Debentures Trustee’s Report
Tel Aviv, Israel – July 17, 2008 – Top Image Systems, Ltd. (NASDAQ: TISA, TASE: TISA), the leading innovator of data capture solutions announced that on July 17, 2008, the Company has filed a current report (in Hebrew) with the Tel Aviv Stock Exchange. Below is an English Translation of the report:
The Company was requested by Reznik Paz Nevo Trustees Ltd., the trustee of the Company’s Series A Convertible Debentures, to advise the holders of the Debenture that the trustee’s report regarding its activities during the first year of the trust, is available for their review during business hours, Sunday to Thursday (except for holidays), at the trustee’s office, at 14 Yad Harutzim St., Shevach House, 1st floor, Tel Aviv, Israel by appointment only.
About Top Image Systems
Top Image Systems is a leading
innovator of enterprise solutions for managing and validating content entering
organizations from various sources. Whether originating from mobile, electronic, paper or
other sources, TIS solutions deliver the content to applications that drive the
organization. TIS’s eFLOW Unified Content Platform is a common platform for
the company’s solutions. TIS markets its platform in more than 30 countries through a
multi-tier network of distributors, system integrators, value-added resellers as well as
strategic partners. Visit the company’s website www.TopImageSystems.com for
more information.
Caution Concerning
Forward-Looking Statements
Certain matters discussed in this
news release are forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, particularly statements regarding future operating or
financial performance. Words such as “will,” “expects,”
“anticipates,” “estimates,” “intends,” “believes,”
“plans” and words and terms of similar substance in connection with any
discussion of future operating or financial performance identify forward-looking
statements. These statements are based on management’s current expectations or
beliefs and are subject to a number of risks and uncertainties that could cause actual
results to differ materially including, but not limited to, risks in product development
plans and schedules, rapid technological change, changes and delays in product approval
and introduction, customer acceptance of new products, the impact of competitive products
and pricing, market acceptance, the lengthy sales cycle, proprietary rights of TIS and its
competitors, risk of operations in Israel, government regulation, dependence on third
parties to manufacture products, quarterly fluctuations in sales of products in the Data
Capture market (where in general the fourth quarter is the strongest and the first quarter
is the weakest), TIS’s ability to successfully integrate businesses it
acquires, litigation (including litigation over intellectual property rights), general
economic conditions and other risk factors detailed in the Company’s most recent
annual report on Form 20-F and other subsequent filings with the United States Securities
and Exchange Commission. We are under no obligation to, and expressly disclaim any
obligation to, update or alter our forward-looking statements, whether as a result of new
information, future events or otherwise.
Contacts:
| Top Image Systems Ltd.: |
| Adi Bar-Lev |
| Director of Marketing and IR |
| +972 545 330537 |
| adi@topimagesystems.com |