Current Report Filing (8-k)

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):  August 14, 2017

 

Global Brokerage, Inc.

 

(Exact Name of Registrant as Specified in its Charter)

 

Delaware		001-34986		27-3268672
(State or Other Jurisdiction of		(Commission File Number)		(IRS Employer
Incorporation)				Identification No.)

55 Water Street, FL 50 New York, NY, 10041

(Address of Principal Executive Offices) (Zip Code)

 

[phone]

 (Registrant’s Telephone Number, Including Area Code)

 

Not Applicable 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 2.01

Completion of Acquisition or Disposition of Assets.

 

As previously reported on May 23, 2017, FXCM Group, LLC. (“FXCM Group”), in which Global Brokerage, Inc. has an indirect 37.3% ownership interest and an up to 33.5% effective economic interest, entered into a definitive agreement (the “Agreement”) pursuant to which FXCM Group and the other shareholders of FastMatch Inc. (“FastMatch”) agreed to sell their shares in FastMatch (the “Equity”) to Euronext US Inc. (the “Buyer”). On August 14, 2017, FXCM Group completed the disposition of the Equity to the Buyer in exchange for $55.4 million in consideration, (i) $8.7 million of which is to be held in escrow and is subject to future adjustments, including a share of a $10 million earnout if certain FastMatch performance targets are met pursuant to the terms of the Agreement.

 

Item 9.01.

Financial Statements and Exhibits.

 

(a)	Financial statements of businesses acquired: None
(b)	Pro forma financial information: None
(c)	Shell company transactions: None

(d)	Exhibits: Press release, dated August 14, 2017 issued by FXCM Group

 

Exhibit No.	Exhibit Description
99.1**	Press Release dated August 14, 2017

 

**	Furnished herewith.

 

 

 

SIGNATURE

 

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 hereunto duly authorized.

 

	GLOBAL BROKERAGE INC.
	By:	/s/David S. Sassoon
		Name:	David S. Sassoon
		Title:	General Counsel

 

Date:  August 14, 2017