[DEFM14A] Vimeo, Inc. Merger Proxy Statement
Vimeo (VMEO) asks stockholders to approve its sale to Bending Spoons via a merger in which holders will receive $7.85 in cash per share. The price reflects premiums of approximately 68% to the 9/8/2025 close, approximately 89% to the 30‑day VWAP ended 9/8/2025, and approximately 7% to the 52‑week high close through that date.
The special meeting will be held virtually at 10 a.m. ET on November 19, 2025. Each share of common stock has one vote; each share of Class B common stock has ten votes. Approval of the merger requires the affirmative vote of a majority of the voting power of shares outstanding and entitled to vote. The Board unanimously recommends voting “FOR” the merger, the advisory merger‑related compensation proposal, and the adjournment proposal.
The transaction is not conditioned on financing; Bending Spoons US expects to fund the deal with available cash and existing credit facilities. Holders who properly perfect appraisal rights may seek a court‑determined fair value instead of the cash consideration. A $40.1 million termination fee may be payable by Vimeo under specified circumstances. Outstanding equity awards will be cashed out based on the $7.85 price (out‑of‑the‑money awards cancel).
Vimeo (VMEO) chiede agli azionisti di approvare la vendita a Bending Spoons tramite una fusione in cui i detentori riceveranno 7,85 $ in contanti per azione. Il prezzo riflette premi di circa il 68% rispetto alla chiusura del 8 settembre 2025, circa l'89% rispetto al VWAP a 30 giorni terminato il 8 settembre 2025, e circa il 7% rispetto al massimo a 52 settimane chiusura fino a tale data.
La riunione speciale si terrà in forma virtuale alle 10:00 ET il 19 novembre 2025. Ogni azione ordinaria ha un voto; ogni azione ordinaria di Classe B ha dieci voti. L'approvazione della fusione richiede il voto affermativo della maggioranza della potenza di voto delle azioni in circolazione e aventi diritto al voto. Il Consiglio raccomanda all'unanimità di votare “A FAVORE” la fusione, la proposta di compensi legata alla fusione e la proposta di sospensione.
La transazione non è condizionata al finanziamento; Bending Spoons US prevede di finanziare l'accordo con liquidità disponibile e strutture creditizie esistenti. I detentori che perfezionano correttamente i diritti di valutazione possono chiedere un valore equo determinato dal tribunale invece della contropartita in contanti. Una penale di circa $40,1 milioni potrebbe essere pagata da Vimeo in determinate circostanze. Le assegnazioni azionarie pendenti saranno liquidate in base al prezzo di $7,85 (le opzioni fuori dal denaro si cancellano).
Vimeo (VMEO) pide a los accionistas que aprueben su venta a Bending Spoons mediante una fusión en la que los tenedores recibirán $7.85 en efectivo por acción. El precio refleja primas de aproximadamente el 68% con respecto al cierre del 8/9/2025, aproximadamente el 89% al VWAP de 30 días terminado el 8/9/2025, y aproximadamente el 7% con respecto al máximo de 52 semanas hasta esa fecha.
La reunión especial se llevará a cabo virtualmente a las 10 a.m. hora del Este el 19 de noviembre de 2025. Cada acción común tiene un voto; cada acción de Clase B tiene diez votos. La aprobación de la fusión requiere el voto afirmativo de una mayoría del poder de voto de las acciones en circulación y con derecho a voto. El Consejo recomienda por unanimidad votar “A FAVOR” de la fusión, de la propuesta de compensación relacionada con la fusión y de la propuesta de aplazamiento.
La transacción no está condicionada al financiamiento; Bending Spoons US espera financiar el acuerdo con efectivo disponible y facilidades de crédito existentes. Los tenedores que perfeccionen correctamente sus derechos de tasación pueden buscar un valor justo determinado por un tribunal en lugar de la contraprestación en efectivo. Podría pagar Vimeo una tarifa de terminación de $40.1 millones en determinadas circunstancias. Las adjudicaciones de capital pendientes se liquidarán basándose en el precio de $7.85 (las adjudicaciones fuera del dinero se cancelan).
Vimeo (VMEO) 주주는 Bending Spoons와의 합병을 통해 매각을 승인해야 하며, 보유 주주는 주당 $7.85 현금을 받게 됩니다. 가격은 2025년 9월 8일 종가 대비 약 68%, 9월 8일 종료된 30일 VWAP 대비 약 89%, 그리고 그 날짜까지의 52주 최고가 대비 약 7%의 프리미엄을 반영합니다.
특별 주주총회는 동영상으로 2025년 11월 19일 동부표준시 10:00에 열립니다. 보통주의 각 주당 1표, 클래스 B 보통주 각 주당 10표를 가집니다. 합병 승인에는 표결권을 가진 발행주식의 다수의 찬성이 필요합니다. 이사회는 합병, 합병 관련 보상 제안 및 휴회 제안에 대해 만장일치로 “찬성”을 권고합니다.
거래는 자금 조달 여부에 조건을 두지 않으며, Bending Spoons US는 가용 현금과 기존 신용시설로 거래를 자금조달할 것으로 예상합니다. 적법하게 평가 권리를 행사한 보유주는 현금 대금 대신 법원이 결정한 공정가치를 청구할 수 있습니다. 특정 경우 Vimeo가 $40.1백만의 종료 수수료를 지급할 수 있습니다. 남아 있는 주식 보상은 $7.85 가격으로 현금화되며, 돈이 없는(out-of-the-money) 보상은 취소됩니다.
Vimeo (VMEO) demande aux actionnaires d’approuver sa vente à Bending Spoons par le biais d’une fusion dans laquelle les détenteurs recevront $7,85 en liquide par action. Le prix reflète des primes d’environ 68% par rapport à la clôture du 8/9/2025, d’environ 89% par rapport au VWAP sur 30 jours terminé le 8/9/2025, et d’environ 7% par rapport au plus haut sur 52 semaines à ce jour.
La réunion extraordinaire aura lieu virtuellement à 10 h HNE le 19 novembre 2025. Chaque action ordinaire a une voix; chaque action ordinaire de classe B a dix voix. L’approbation de la fusion nécessite le vote affirmative de la majorité du pouvoir de vote des actions en circulation et habilitées à voter. Le Conseil recommande à l’unanimité de voter “POUR” la fusion, la proposition d’indemnisation liée à la fusion et la proposition de prorogation.
La transaction n’est pas conditionnée au financement; Bending Spoons US prévoit de financer l’accord avec de la trésorerie disponible et des facilités de crédit existantes. Les détenteurs qui exercissent correctement leurs droits d’évaluation peuvent demander une valeur équitable déterminée par le tribunal au lieu de la contrepartie en espèces. Des frais de résiliation de $40,1 millions pourraient être payables par Vimeo dans certaines circonstances. Les primes d’actions en circulation seront rachetées en fonction du prix de $7,85 (les primes hors de l’argent seront annulées).
Vimeo (VMEO) bittet die Aktionäre um Zustimmung zum Verkauf an Bending Spoons durch eine Fusion, bei der Inhaber $7,85 Cash pro Aktie erhalten. Der Preis spiegelt Prämien von ca. 68% gegenüber dem Schlusskurs vom 8.9.2025, ca. 89% gegenüber dem 30-Tage-VWAP, der am 8.9.2025 endete, und ca. 7% gegenüber dem 52-Wochen-Hoch bis zu diesem Datum wider.
Das Sondertreffen wird am virtuellen Ort um 10:00 Uhr ET am 19. November 2025 stattfinden. Jede Stammaktie hat eine Stimme; jede Class-B-Stammaktie hat zehn Stimmen. Die Genehmigung der Fusion erfordert die zustimmende Stimme einer Mehrheit der stimmberechtigten Aktien. Der Vorstand empfiehlt einstimmig, für die Fusion, den beratenden Fusion-bezogenen Vergütungsantrag und den Adjournment-Antrag zu stimmen.
Die Transaktion ist nicht von einer Finanzierung abhängig; Bending Spoons US geht davon aus, das Geschäft mit verfügbarem Bargeld und bestehenden Kreditfazilitäten zu finanzieren. Inhaber, die Rechte auf Anfechtung wirksam durchsetzen, können statt der Bareinlage einen gerichtlichen fairen Wert verlangen. Eine Beendigungsgebühr von $40,1 Millionen könnte unter bestimmten Umständen von Vimeo zu zahlen sein. Ausstehende Aktienbelohnungen werden basierend auf dem Preis von $7,85 ausgezahlt (aus dem Geld liegende Optionen werden storniert).
تطلب فيميو (VMEO) من المساهمين الموافقة على بيعها إلى بندنغ سبوز عبر اندماج يحصل بموجبه الحائزون على $7.85 نقداً للسهم. يعكس السعر علاوات بنحو 78% تقريباً على إغلاق 9/8/2025، وبنحو 89% على VWAP لمدة 30 يوماً المنتهية في 9/8/2025، وببنسبة نحو 7% إلى أقرب سعر أقصى خلال 52 أسبوعاً حتى ذلك التاريخ.
سيعقد الاجتماع الخاص افتراضياً في الساعة 10 صباحاً بتوقيت شرق الولايات المتحدة في 19 نوفمبر 2025. كل سهم عادي له صوت واحد؛ كل سهم عادي من Class B لديه عشرة أصوات. موافقة الاندماج تتطلب صوتاً إيجابياً من أغلبية سلطة التصويت من الأسهم القائمة والمؤهلة للتصويت. توصي الهيئة الإدارية وبإجماع بالتصويت "لصالح" الاندماج، والاقتراح المتعلق بتعويض الاندماج الاستشاري، واقتراح التعليق.
المعاملة ليست مشروطة بتمويل؛ تتوقع Bending Spoons US تمويل الصفقة من النقد المتاح والتسهيلات الائتمانية القائمة. يمكن للحاملي حقوق التقييم أن يطلبوا قيمة عادلة تقررها المحكمة بدلاً من المقابل النقدي. قد تكون هناك رسوم إنهاء قدرها $40.1 مليون قابلة للدفع من قبل Vimeo في ظروف محددة. ستتم تسوية الجوائز الرأسمالية القائمة بناءً على سعر $7.85 (تُلغى الجوائز خارج المال).
Vimeo (VMEO) 要求股东通过合并方式同意将公司出售给 Bending Spoons,持有者将获得每股 $7.85 现金。该价格对比截至 2025-09-08 的收盘价约高出 68%,对比至 2025-09-08 结束的 30 天 VWAP 约高出 89%,并对比该日期前的52周最高收盘价约高出 7%。
特别股东大会将于美国东部时间 2025 年 11 月 19 日上午 10 点通过虚拟方式举行。每股普通股有一票;每股B类普通股有十票。合并的批准需要< b>具有表决权的已发行且有投票权股份的多数之同意票。董事会一致建议投票“同意”合并、相关合并相关薪酬提案和休会提案。
该交易不以融资为条件;Vimeo US 预计将以可用现金和现有信贷额度为交易提供资金。正确行使评估权的持有者可以寻求法院确定的公平价值,而不是现金对价。 在特定情况下,Vimeo 可能需要支付 4010万美元的终止费。未兑现的股票奖励将基于 $7.85 的价格进行兑现(价外奖励将被取消)。
- None.
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Insights
Cash sale at $7.85 with large premiums; approval and clearances remain.
Vimeo agreed to be acquired by Bending Spoons at
The merger requires a majority of voting power outstanding, HSR expiration/termination, and absence of legal restraints. The buyer indicated funding from available cash and existing credit lines; the agreement is not conditioned on financing. Vimeo may owe a
Key dependencies are stockholder approval at the virtual meeting on
Vimeo (VMEO) chiede agli azionisti di approvare la vendita a Bending Spoons tramite una fusione in cui i detentori riceveranno 7,85 $ in contanti per azione. Il prezzo riflette premi di circa il 68% rispetto alla chiusura del 8 settembre 2025, circa l'89% rispetto al VWAP a 30 giorni terminato il 8 settembre 2025, e circa il 7% rispetto al massimo a 52 settimane chiusura fino a tale data.
La riunione speciale si terrà in forma virtuale alle 10:00 ET il 19 novembre 2025. Ogni azione ordinaria ha un voto; ogni azione ordinaria di Classe B ha dieci voti. L'approvazione della fusione richiede il voto affermativo della maggioranza della potenza di voto delle azioni in circolazione e aventi diritto al voto. Il Consiglio raccomanda all'unanimità di votare “A FAVORE” la fusione, la proposta di compensi legata alla fusione e la proposta di sospensione.
La transazione non è condizionata al finanziamento; Bending Spoons US prevede di finanziare l'accordo con liquidità disponibile e strutture creditizie esistenti. I detentori che perfezionano correttamente i diritti di valutazione possono chiedere un valore equo determinato dal tribunale invece della contropartita in contanti. Una penale di circa $40,1 milioni potrebbe essere pagata da Vimeo in determinate circostanze. Le assegnazioni azionarie pendenti saranno liquidate in base al prezzo di $7,85 (le opzioni fuori dal denaro si cancellano).
Vimeo (VMEO) pide a los accionistas que aprueben su venta a Bending Spoons mediante una fusión en la que los tenedores recibirán $7.85 en efectivo por acción. El precio refleja primas de aproximadamente el 68% con respecto al cierre del 8/9/2025, aproximadamente el 89% al VWAP de 30 días terminado el 8/9/2025, y aproximadamente el 7% con respecto al máximo de 52 semanas hasta esa fecha.
La reunión especial se llevará a cabo virtualmente a las 10 a.m. hora del Este el 19 de noviembre de 2025. Cada acción común tiene un voto; cada acción de Clase B tiene diez votos. La aprobación de la fusión requiere el voto afirmativo de una mayoría del poder de voto de las acciones en circulación y con derecho a voto. El Consejo recomienda por unanimidad votar “A FAVOR” de la fusión, de la propuesta de compensación relacionada con la fusión y de la propuesta de aplazamiento.
La transacción no está condicionada al financiamiento; Bending Spoons US espera financiar el acuerdo con efectivo disponible y facilidades de crédito existentes. Los tenedores que perfeccionen correctamente sus derechos de tasación pueden buscar un valor justo determinado por un tribunal en lugar de la contraprestación en efectivo. Podría pagar Vimeo una tarifa de terminación de $40.1 millones en determinadas circunstancias. Las adjudicaciones de capital pendientes se liquidarán basándose en el precio de $7.85 (las adjudicaciones fuera del dinero se cancelan).
Vimeo (VMEO) 주주는 Bending Spoons와의 합병을 통해 매각을 승인해야 하며, 보유 주주는 주당 $7.85 현금을 받게 됩니다. 가격은 2025년 9월 8일 종가 대비 약 68%, 9월 8일 종료된 30일 VWAP 대비 약 89%, 그리고 그 날짜까지의 52주 최고가 대비 약 7%의 프리미엄을 반영합니다.
특별 주주총회는 동영상으로 2025년 11월 19일 동부표준시 10:00에 열립니다. 보통주의 각 주당 1표, 클래스 B 보통주 각 주당 10표를 가집니다. 합병 승인에는 표결권을 가진 발행주식의 다수의 찬성이 필요합니다. 이사회는 합병, 합병 관련 보상 제안 및 휴회 제안에 대해 만장일치로 “찬성”을 권고합니다.
거래는 자금 조달 여부에 조건을 두지 않으며, Bending Spoons US는 가용 현금과 기존 신용시설로 거래를 자금조달할 것으로 예상합니다. 적법하게 평가 권리를 행사한 보유주는 현금 대금 대신 법원이 결정한 공정가치를 청구할 수 있습니다. 특정 경우 Vimeo가 $40.1백만의 종료 수수료를 지급할 수 있습니다. 남아 있는 주식 보상은 $7.85 가격으로 현금화되며, 돈이 없는(out-of-the-money) 보상은 취소됩니다.
Vimeo (VMEO) demande aux actionnaires d’approuver sa vente à Bending Spoons par le biais d’une fusion dans laquelle les détenteurs recevront $7,85 en liquide par action. Le prix reflète des primes d’environ 68% par rapport à la clôture du 8/9/2025, d’environ 89% par rapport au VWAP sur 30 jours terminé le 8/9/2025, et d’environ 7% par rapport au plus haut sur 52 semaines à ce jour.
La réunion extraordinaire aura lieu virtuellement à 10 h HNE le 19 novembre 2025. Chaque action ordinaire a une voix; chaque action ordinaire de classe B a dix voix. L’approbation de la fusion nécessite le vote affirmative de la majorité du pouvoir de vote des actions en circulation et habilitées à voter. Le Conseil recommande à l’unanimité de voter “POUR” la fusion, la proposition d’indemnisation liée à la fusion et la proposition de prorogation.
La transaction n’est pas conditionnée au financement; Bending Spoons US prévoit de financer l’accord avec de la trésorerie disponible et des facilités de crédit existantes. Les détenteurs qui exercissent correctement leurs droits d’évaluation peuvent demander une valeur équitable déterminée par le tribunal au lieu de la contrepartie en espèces. Des frais de résiliation de $40,1 millions pourraient être payables par Vimeo dans certaines circonstances. Les primes d’actions en circulation seront rachetées en fonction du prix de $7,85 (les primes hors de l’argent seront annulées).
Vimeo (VMEO) bittet die Aktionäre um Zustimmung zum Verkauf an Bending Spoons durch eine Fusion, bei der Inhaber $7,85 Cash pro Aktie erhalten. Der Preis spiegelt Prämien von ca. 68% gegenüber dem Schlusskurs vom 8.9.2025, ca. 89% gegenüber dem 30-Tage-VWAP, der am 8.9.2025 endete, und ca. 7% gegenüber dem 52-Wochen-Hoch bis zu diesem Datum wider.
Das Sondertreffen wird am virtuellen Ort um 10:00 Uhr ET am 19. November 2025 stattfinden. Jede Stammaktie hat eine Stimme; jede Class-B-Stammaktie hat zehn Stimmen. Die Genehmigung der Fusion erfordert die zustimmende Stimme einer Mehrheit der stimmberechtigten Aktien. Der Vorstand empfiehlt einstimmig, für die Fusion, den beratenden Fusion-bezogenen Vergütungsantrag und den Adjournment-Antrag zu stimmen.
Die Transaktion ist nicht von einer Finanzierung abhängig; Bending Spoons US geht davon aus, das Geschäft mit verfügbarem Bargeld und bestehenden Kreditfazilitäten zu finanzieren. Inhaber, die Rechte auf Anfechtung wirksam durchsetzen, können statt der Bareinlage einen gerichtlichen fairen Wert verlangen. Eine Beendigungsgebühr von $40,1 Millionen könnte unter bestimmten Umständen von Vimeo zu zahlen sein. Ausstehende Aktienbelohnungen werden basierend auf dem Preis von $7,85 ausgezahlt (aus dem Geld liegende Optionen werden storniert).
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Securities Exchange Act of 1934
(Amendment No. )
![[MISSING IMAGE: lg_vimeo-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001837686/000110465925101569/lg_vimeo-bw.jpg)
![[MISSING IMAGE: sg_philipmoyer-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001837686/000110465925101569/sg_philipmoyer-bw.jpg)
Chief Executive Officer & Director
![[MISSING IMAGE: lg_vimeo-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001837686/000110465925101569/lg_vimeo-bw.jpg)
TO BE HELD ON
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TIME AND DATE:
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| | 10 a.m. Eastern Time on November 19, 2025 | |
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PLACE:
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| | www.virtualshareholdermeeting.com/VMEO2025SM | |
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ITEMS OF BUSINESS:
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1.
To consider and vote on the proposal to adopt the Agreement and Plan of Merger (as it may be amended from time to time), dated as of September 10, 2025, which we refer to as the merger agreement, by and among Vimeo, Bending Spoons US Inc., which we refer to as Bending Spoons US, Bending Spoons S.p.A., which we refer to as Bending Spoons S.p.A. or Guarantor, and Bloomberg Merger Sub Inc., which we refer to as Merger Sub, a wholly-owned subsidiary of Bending Spoons US, a copy of which is attached as Annex A to the proxy statement accompanying this notice, which proposal we refer to as the merger proposal;
2.
To consider and vote on the proposal to approve, by means of a non-binding, advisory vote, compensation that will or may become payable to the named executive officers of Vimeo in connection with the merger, which proposal we refer to as the merger-related compensation proposal; and
3.
To consider and vote on the proposal to approve one or more adjournments of the special meeting to a later date or dates, if necessary or appropriate, to solicit additional proxies if there are insufficient votes to adopt the merger agreement at the then-scheduled date and time of the special meeting, which proposal we refer to as the adjournment proposal.
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ADJOURNMENTS AND POSTPONEMENTS:
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| | Any action on the items of business described above may be considered at the special meeting or at any time and date to which the special meeting may be properly adjourned or postponed. | |
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RECORD DATE:
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| | Stockholders of record at the close of business on October 21, 2025 are entitled to notice of, and to vote at, the special meeting and any adjournments or postponements thereof. | |
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INSPECTION OF LIST OF STOCKHOLDERS OF RECORD:
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| | A list of stockholders of record will be available for inspection at our corporate headquarters located at 330 West 34th Street, 5th Floor, New York, New York 10001, during ordinary business hours during the 10-day period before the special meeting. | |
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VOTING:
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| | Whether or not you plan to attend the special meeting, we urge you to vote your shares via the toll-free telephone number or over the Internet as described in the proxy materials. You may also sign, date and mail the proxy card in the pre-paid envelope provided. | |
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IMPORTANT INFORMATION:
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| | Your vote is very important to us. The merger contemplated by the merger agreement, which we refer to as the merger, is conditioned on the receipt of, and we cannot consummate the merger unless the merger proposal receives, the affirmative vote of a majority of the voting power of the shares of | |
| | | | common stock, par value $0.01, which we refer to as company common stock, and Class B common stock, par value of $0.01, which we refer to as Class B common stock and, together with company common stock, as company capital stock, and we refer to shares of company capital stock as shares or Vimeo shares, outstanding and entitled to vote thereon. | |
| | | | The affirmative vote of a majority of the voting power of the shares outstanding and entitled to vote thereon, provided a quorum is present, is required to approve the merger proposal. The affirmative vote of a majority of the voting power of the shares entitled to vote which are present, in person (including virtually) or by proxy, and voting at the special meeting, provided a quorum is present, is required to approve, by means of a non-binding, advisory vote, the merger-related compensation proposal. The affirmative vote of a majority of the voting power of the shares entitled to vote which are present, in person (including virtually) or by proxy, at the special meeting, whether or not a quorum is present, is required to approve the adjournment proposal. | |
| | | | The failure of any stockholder of record to submit a signed proxy card, grant a proxy electronically over the Internet or by telephone or to vote at the special meeting will have the same effect as a vote “AGAINST” the merger proposal but will not have any effect on the merger-related compensation proposal or the adjournment proposal. If you hold your shares in “street name,” the failure to instruct your broker, bank or other nominee on how to vote your shares will have the same effect as a vote “AGAINST” the merger proposal but will not have any effect on the merger-related compensation proposal or the adjournment proposal. Abstentions will have the same effect as a vote “AGAINST” the merger proposal and the adjournment proposal, but will not have any effect on the merger-related compensation proposal. Stockholders who do not vote in favor of the merger proposal will have the right to seek appraisal of the fair value of their shares if they deliver a demand for appraisal before the vote is taken on the merger proposal and comply with all applicable requirements under Delaware law, which are summarized herein and reproduced in their entirety in Annex C to the accompanying proxy statement. | |
| | | | The Vimeo Board of Directors recommends that you vote (i) “FOR” the merger proposal, (ii) “FOR” the merger-related compensation proposal and (iii) “FOR” the adjournment proposal. | |
| New York, New York | | | By Order of the Board of Directors, | |
| | | |
![]() |
|
|
330 W 34th Street,
5th Floor New York, New York 10001 |
| |
Jessica Tracy
General Counsel & Secretary |
|
1212 Avenue of the Americas, 17th Floor
New York, NY 10036
Email: info@okapipartners.com
Toll-free: (888) 785-6673
Banks & Brokers may call collect: (212) 297-0720
| | |
Page
|
| |||
PROXY SUMMARY
|
| | | | 1 | | |
QUESTIONS AND ANSWERS
|
| | | | 12 | | |
FORWARD-LOOKING STATEMENTS
|
| | | | 20 | | |
THE SPECIAL MEETING
|
| | | | 22 | | |
PARTIES INVOLVED IN THE MERGER
|
| | | | 27 | | |
PROPOSAL 1: ADOPTION OF THE MERGER AGREEMENT
|
| | | | 28 | | |
THE MERGER
|
| | | | 28 | | |
TERMS OF THE MERGER AGREEMENT
|
| | | | 55 | | |
PROPOSAL 2: ADVISORY VOTE ON MERGER-RELATED EXECUTIVE
|
| | | | 77 | | |
COMPENSATION ARRANGEMENTS
|
| | | | 77 | | |
PROPOSAL 3: ADJOURNMENT OF THE SPECIAL MEETING
|
| | | | 78 | | |
MARKET PRICES AND DIVIDEND DATA
|
| | | | 79 | | |
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
|
| | | | 79 | | |
APPRAISAL RIGHTS
|
| | | | 81 | | |
FUTURE STOCKHOLDER PROPOSALS
|
| | | | 86 | | |
HOUSEHOLDING INFORMATION
|
| | | | 86 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 87 | | |
MISCELLANEOUS
|
| | | | 89 | | |
| | | | | | | |
Annexes | | | | | | | |
Annex A — Agreement and Plan of Merger
|
| | | | A-1 | | |
Annex B — Opinion of Allen & Company LLC
|
| | | | B-1 | | |
Annex C — Section 262 of the General Corporations Law of the State of Delaware
|
| | | | C-1 | | |
Attention: Investor Relations
330 West 34th Street, 5th Floor
New York, New York 10001
Call (212) 524-8791 and ask to speak to Investor Relations or email ir@vimeo.com
1212 Avenue of the Americas, 17th Floor
New York, NY 10036
Email: info@okapipartners.com
Toll-free: (888) 785-6673
Banks & Brokers may call collect: (212) 297-0720
|
Implied Equity Value
Reference Ranges Per Vimeo Share Based On: |
| |
Merger Consideration
|
| ||||||
|
CY2025E Revenue
|
| |
CY2026E Revenue
|
| ||||||
|
$5.42 – $6.61
|
| |
$5.76 – $7.06
|
| | | $ | 7.85 | | |
|
CY2025E Adjusted EBITDA
|
| |
CY2026E Adjusted EBITDA
|
| | |||||
|
$4.12 – $5.65
|
| |
$5.17 – $6.64
|
| |
Announcement Date
|
| |
Acquiror
|
| |
Target
|
|
November 2024 | | |
•
Bending Spoons US Inc.
|
| |
•
Brightcove Inc.
|
|
May 2024 | | |
•
Permira Advisers LLC
|
| |
•
Squarespace, Inc.
|
|
October 2023 | | |
•
NICE Ltd.
|
| |
•
LiveVox Holdings, Inc.
|
|
August 2023 | | |
•
STG Partners, LLC (f/k/a Symphony Technology Group, LLC)
|
| |
•
Avid Technology, Inc.
|
|
March 2023 | | |
•
STG Partners, LLC (f/k/a Symphony Technology Group, LLC)
|
| |
•
Momentive Global Inc.
|
|
November 2020 | | |
•
Clearlake Capital Group L.P.
|
| |
•
Endurance International Group
Holdings, Inc.
|
|
October 2019 | | |
•
Platinum Equity Advisors, LLC
|
| |
•
Cision Ltd.
|
|
June 2018 | | |
•
Siris Capital Group, LLC
|
| |
•
Web.com Group, Inc.
|
|
December 2016 | | |
•
Synchronoss Technologies, Inc.
|
| |
•
IntraLinks Holdings, Inc.
|
|
August 2016 | | |
•
Genesys Telecommunications Laboratories, Inc.
|
| |
•
Interactive Intelligence Group, Inc.
|
|
February 2016 | | |
•
Web.com Group, Inc.
|
| |
•
Yodle, Inc.
|
|
November 2015 | | |
•
Endurance International Group Holdings, Inc.
|
| |
•
Constant Contact, Inc.
|
|
|
Implied Equity Value
Reference Ranges Per Vimeo Share Based On: |
| |
Merger Consideration
|
| ||||||
|
NTM Revenue
|
| |
NTM Adjusted EBITDA
|
| ||||||
|
$5.59 – $7.45
|
| |
$5.43 – $6.05
|
| | | $ | 7.85 | | |
|
Implied Equity Value Reference Range
Per Vimeo Share |
| |
Merger Consideration
|
| |||
|
$7.33 – $10.49
|
| | | $ | 7.85 | | |
| | |
2025E
|
| |
2026E
|
| |
2027E
|
| |
2028E
|
| |
2029E
|
| |
2030E
|
| |
2031E
|
| |
2032E
|
| |
2033E
|
| |
2034E
|
| ||||||||||||||||||||||||||||||
Revenue ($mm)
|
| | | | 424 | | | | | | 465 | | | | | | 518 | | | | | | 596 | | | | | | 677 | | | | | | 759 | | | | | | 848 | | | | | | 940 | | | | | | 1,032 | | | | | | 1,124 | | |
Gross Profit ($mm)
|
| | | | 330 | | | | | | 366 | | | | | | 413 | | | | | | 479 | | | | | | 543 | | | | | | 610 | | | | | | 681 | | | | | | 755 | | | | | | 829 | | | | | | 903 | | |
Adjusted EBITDA ($mm)(1)
|
| | | | 45 | | | | | | 66 | | | | | | 80 | | | | | | 110 | | | | | | 138 | | | | | | 167 | | | | | | 197 | | | | | | 228 | | | | | | 259 | | | | | | 286 | | |
Unlevered Free Cash Flow ($mm)(2)
|
| | | | 10 | | | | | | 33 | | | | | | 51 | | | | | | 84 | | | | | | 99 | | | | | | 119 | | | | | | 142 | | | | | | 164 | | | | | | 184 | | | | | | 203 | | |
Name
|
| |
Position
|
|
Philip Moyer* | | | Chief Executive Officer | |
Austin Kaplicer** | | | Interim Chief Financial Officer | |
Javier Ortega Estrada | | | Chief Revenue Officer | |
Gillian Munson*** | | |
Finance Advisor (Former Chief Financial Officer)
|
|
Bob Petrocelli* | | | Chief Product and Technology Officer | |
Jessica Tracy* | | | General Counsel & Secretary | |
| | |
Vimeo Options
|
| | | | | | | | | | | | | | | | | | | | | | | | | |||||||||||||||||||||
| | |
Vested
Vimeo Options |
| |
Unvested
Vimeo Options |
| |
Vimeo SARs
|
| |
Vimeo RSUs
|
| ||||||||||||||||||||||||||||||||||||
Name
|
| |
Number
(#)(1) |
| |
Value
($) |
| |
Number
(#)(1) |
| |
Value
($) |
| |
Number
(#) |
| |
Value
($) |
| |
Number
(#)(2) |
| |
Value
($) |
| ||||||||||||||||||||||||
Executive Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Philip Moyer
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,120,293 | | | | | | 8,794,300 | | |
Austin Kaplicer
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 68,522 | | | | | | 537,898 | | |
Javier Ortega Estrada
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 555,000 | | | | | | 4,356,750 | | |
Gillian Munson
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Bob Petrocelli
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 480,000 | | | | | | 3,768,000 | | |
Jessica Tracy
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 243,334 | | | | | | 1,910,172 | | |
Non-Employee Directors | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Adam Cahan
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 45,391 | | | | | | 356,319 | | |
Adam Gross
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 103,574 | | | | | | 813,055 | | |
Lydia Jett
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 44,444 | | | | | | 348,885 | | |
Jay Herratti
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 66,666 | | | | | | 523,328 | | |
Kirsten Kliphouse
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 44,444 | | | | | | 348,885 | | |
Mo Koyfman
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 128,224 | | | | | | 1,006,558 | | |
Glenn H. Schiffman
|
| | | | 488,673 | | | | | | 1,936,274 | | | | | | 250,000 | | | | | | 962,500 | | | | | | — | | | | | | — | | | | | | 262,777 | | | | | | 2,062,799 | | |
Alexander von Fürstenberg
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 66,666 | | | | | | 523,328 | | |
Name
|
| |
Cash Severance
($) |
| |
Benefits Continuation
($) |
| |
Total Severance
($) |
| |||||||||
Philip Moyer
|
| | | $ | 600,000 | | | | | $ | 21,917 | | | | | $ | 621,917 | | |
Austin Kaplicer(1)
|
| | | $ | 200,000 | | | | | $ | 15,711 | | | | | $ | 215,711 | | |
Javier Ortega Estrada
|
| | | $ | 225,000 | | | | | $ | 6,103 | | | | | $ | 231,103 | | |
Bob Petrocelli
|
| | | $ | 250,000 | | | | | $ | 17,350 | | | | | $ | 267,350 | | |
Jessica Tracy
|
| | | $ | 200,000 | | | | | $ | 12,667 | | | | | $ | 212,667 | | |
Name
|
| |
Total Amount of the 2025
Annual Bonus(1) ($) |
| |
Amount of the 2025 Annual
Bonus Payable at Closing ($) |
| ||||||
Philip Moyer
|
| | | $ | 1,800,000 | | | | | $ | 600,000 | | |
Austin Kaplicer
|
| | | $ | 400,000 | | | | | $ | 200,000 | | |
Javier Ortega Estrada
|
| | | $ | 450,000 | | | | | | — | | |
Gillian Munson(2)
|
| | | | — | | | | | | — | | |
Bob Petrocelli
|
| | | $ | 700,000 | | | | | $ | 400,000 | | |
Jessica Tracy
|
| | | $ | 1,018,000(3) | | | | | $ | 750,000 | | |
Name(1)
|
| |
Cash
($)(2) |
| |
Equity
($)(3) |
| |
Perquisites / Benefits
($)(4) |
| |
Total
($) |
| ||||||||||||
Philip Moyer
|
| | | | 1,200,000 | | | | | | 8,794,300 | | | | | | 21,917 | | | | | | 10,016,217 | | |
Austin Kaplicer
|
| | | | 468,175 | | | | | | 537,898 | | | | | | 15,711 | | | | | | 1,021,781 | | |
Bob Petrocelli
|
| | | | 650,000 | | | | | | 3,768,000 | | | | | | 17,350 | | | | | | 4,435,350 | | |
Jessica Tracy
|
| | | | 950,000 | | | | | | 1,910,172 | | | | | | 12,667 | | | | | | 2,872,839 | | |
Adam Gross
|
| | | | — | | | | | | 813,055 | | | | | | — | | | | | | 813,055 | | |
Gillian Munson
|
| | | | 1,525,000 | | | | | | — | | | | | | — | | | | | | 1,525,000 | | |
Name
|
| |
Cash Severance
($) |
| |
Amount of the 2025
Annual Bonus Payable at Closing ($) |
| |
Compensation
Increase ($) |
| |
Total
($) |
| ||||||||||||
Philip Moyer
|
| | | | 600,000 | | | | | | 600,000 | | | | | | — | | | | | | 1,200,000 | | |
Austin Kaplicer
|
| | | | 200,000 | | | | | | 200,000 | | | | | | 68,175 | | | | | | 468,175 | | |
Bob Petrocelli
|
| | | | 250,000 | | | | | | 400,000 | | | | | | — | | | | | | 650,000 | | |
Jessica Tracy
|
| | | | 200,000 | | | | | | 750,000 | | | | | | — | | | | | | 950,000 | | |
Adam Gross
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Gillian Munson
|
| | | | 925,000 | | | | | | 600,000 | | | | | | — | | | | | | 1,525,000 | | |
| | |
High
|
| |
Low
|
| ||||||
FY 2025 – Quarter Ended | | | | | | | | | | | | | |
December 31 (through October 21)
|
| | | $ | 7.80 | | | | | $ | 7.72 | | |
September 30
|
| | | $ | 7.78 | | | | | $ | 3.64 | | |
June 30
|
| | | $ | 5.34 | | | | | $ | 3.85 | | |
March 31
|
| | | $ | 7.14 | | | | | $ | 5.24 | | |
FY 2024 – Quarter Ended | | | | | | | | | | | | | |
December 31
|
| | | $ | 7.90 | | | | | $ | 4.64 | | |
September 30
|
| | | $ | 5.39 | | | | | $ | 3.45 | | |
June 30
|
| | | $ | 4.28 | | | | | $ | 3.43 | | |
March 31
|
| | | $ | 5.77 | | | | | $ | 3.57 | | |
FY 2023 – Quarter Ended | | | | | | | | | | | | | |
December 31
|
| | | $ | 4.39 | | | | | $ | 3.02 | | |
September 30
|
| | | $ | 4.85 | | | | | $ | 3.44 | | |
June 30
|
| | | $ | 4.74 | | | | | $ | 3.12 | | |
March 31
|
| | | $ | 5.19 | | | | | $ | 3.30 | | |
| | |
Company Common Stock
|
| |
Class B Common Stock
|
| |
Percent of Vote
|
| |||||||||||||||||||||
Name and Address of Beneficial Owner
|
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
Number of
Shares Owned |
| |
% of Class
Owned |
| |
(All Classes)
|
| |||||||||||||||
The Vanguard Group
100 Vanguard Blvd. Malvern, PA 19355 |
| | | | 17,220,182(1) | | | | | | 10.9% | | | | | | — | | | | | | — | | | | | | 6.8% | | |
Lynrock Lake LP
2 International Drive, Suite 130 Rye Brook, NY 10573 |
| | | | 15,017,039(2) | | | | | | 9.5% | | | | | | — | | | | | | — | | | | | | 6.0% | | |
BlackRock, Inc.
50 Hudson Yards New York, NY 10001 |
| | | | 12,115,246(3) | | | | | | 7.7% | | | | | | — | | | | | | — | | | | | | 4.8% | | |
Divisar Capital Management, LLC
275 Sacramento Street, 8th Floor San Francisco, CA 94111 |
| | | | 8,420,025(4) | | | | | | 5.3% | | | | | | — | | | | | | — | | | | | | 3.3% | | |
Barclays PLC
1 Churchill Place London, United Kingdom E14 5HP |
| | | | 8,027,418(5) | | | | | | 5.1% | | | | | | — | | | | | | — | | | | | | 3.2% | | |
Barry Diller
|
| | | | 10,014,087(6) | | | | | | 6.0% | | | | | | 9,399,250(7) | | | | | | 100% | | | | | | 37.6% | | |
Philip Moyer
|
| | | | 480,335(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Austin Kaplicer
|
| | | | 47,630(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jessica Tracy
|
| | | | 109,625(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Bob Petrocelli
|
| | | | 188,883(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Javier Ortega Estrada
|
| | | | 110,445(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Adam Cahan
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Adam Gross
|
| | | | 228,221(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jay Herratti
|
| | | | 101,482(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Lydia Jett
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kirsten Kliphouse
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mo Koyfman
|
| | | | 95,480(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Glenn H. Schiffman
|
| | | | 723,180(9) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Alexander von Furstenberg
|
| | | | 176,600(10) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
All current executive officers and directors
as a group (13 persons) |
| | | | 2,261,881 | | | | | | 1.4% | | | | | | — | | | | | | — | | | | | | 0.9% | | |
Attn: Corporate Secretary
330 West 34th Street, 5th Floor
New York, New York 10001
Attn: Investor Relations
330 West 34th Street, 5th Floor
New York, New York 10001
Attn: Corporate Secretary
330 West 34th Street, 5th Floor
New York, New York 10001
1212 Avenue of the Americas, 17th Floor
New York, NY 10036
Email: info@okapipartners.com
Toll-free: (888) 785-6673
Banks & Brokers may call collect: (212) 297-0720
| | |
Page
|
| |||
ARTICLE 1 THE MERGER
|
| | | | A-1 | | |
1.1
The Merger
|
| | | | A-1 | | |
1.2
Closing and Effective Time of the Merger
|
| | | | A-2 | | |
ARTICLE 2 CONVERSION OF SECURITIES IN THE MERGER
|
| | | | A-3 | | |
2.1
Conversion of Securities
|
| | | | A-3 | | |
2.2
Payment for Securities; Surrender of Certificates
|
| | | | A-3 | | |
2.3
Dissenting Shares
|
| | | | A-6 | | |
2.4
Treatment of Company Equity Awards
|
| | | | A-6 | | |
2.5
Withholding Rights
|
| | | | A-7 | | |
2.6
Adjustments
|
| | | | A-7 | | |
ARTICLE 3 REPRESENTATIONS AND WARRANTIES OF THE COMPANY
|
| | | | A-7 | | |
3.1
Corporate Organization
|
| | | | A-7 | | |
3.2
Capitalization
|
| | | | A-8 | | |
3.3
Authority; Execution and Delivery; Enforceability
|
| | | | A-9 | | |
3.4
No Conflicts
|
| | | | A-9 | | |
3.5
SEC Documents; Financial Statements; Undisclosed Liabilities
|
| | | | A-10 | | |
3.6
Absence of Certain Changes or Events
|
| | | | A-11 | | |
3.7
Proxy Statement
|
| | | | A-11 | | |
3.8
Legal Proceedings
|
| | | | A-11 | | |
3.9
Compliance with Laws and Orders
|
| | | | A-12 | | |
3.10
Permits
|
| | | | A-13 | | |
3.11
Employee Benefit Plans
|
| | | | A-13 | | |
3.12
Employee and Labor Matters
|
| | | | A-14 | | |
3.13
Environmental Matters
|
| | | | A-15 | | |
3.14
Real Property; Title to Assets
|
| | | | A-15 | | |
3.15
Tax Matters
|
| | | | A-16 | | |
3.16
Material Contracts
|
| | | | A-17 | | |
3.17
Intellectual Property; Information Technology; Data Privacy and Security
|
| | | | A-19 | | |
3.18
Insurance
|
| | | | A-22 | | |
3.19
Broker’s Fees
|
| | | | A-22 | | |
3.20
Opinion of Financial Advisor
|
| | | | A-22 | | |
3.21
Government Contracts
|
| | | | A-22 | | |
3.22
No Other Representations or Warranties
|
| | | | A-22 | | |
ARTICLE 4 REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB
|
| | | | A-23 | | |
4.1
Corporate Organization
|
| | | | A-23 | | |
4.2
Authority, Execution and Delivery; Enforceability
|
| | | | A-23 | | |
4.3
No Conflicts
|
| | | | A-23 | | |
4.4
Litigation
|
| | | | A-24 | | |
4.5
Financing
|
| | | | A-24 | | |
4.6
Proxy Statement
|
| | | | A-24 | | |
4.7
Ownership of Company Capital Stock
|
| | | | A-24 | | |
| | |
Page
|
| |||
4.8
Ownership of Parent and Merger Sub
|
| | | | A-24 | | |
4.9
Brokers
|
| | | | A-24 | | |
4.10
No Other Representations and Warranties
|
| | | | A-25 | | |
ARTICLE 5 COVENANTS
|
| | | | A-25 | | |
5.1
Conduct of Business by the Company Pending the Closing
|
| | | | A-25 | | |
5.2
Access to Information; Confidentiality
|
| | | | A-28 | | |
5.3
Treatment of Acquisition Proposals
|
| | | | A-28 | | |
5.4
SEC Filings; Other Actions
|
| | | | A-31 | | |
5.5
Appropriate Action; Consents; Filings
|
| | | | A-32 | | |
5.6
Certain Notices
|
| | | | A-33 | | |
5.7
Public Announcements
|
| | | | A-34 | | |
5.8
Employee Benefit Matters
|
| | | | A-34 | | |
5.9
Indemnification
|
| | | | A-36 | | |
5.10
Takeover Statutes
|
| | | | A-37 | | |
5.11
Section 16 Matters
|
| | | | A-37 | | |
5.12
Stockholder Litigation
|
| | | | A-37 | | |
5.13
Stock Exchange Delisting
|
| | | | A-38 | | |
5.14
Director Resignations
|
| | | | A-38 | | |
5.15
FIRPTA Certificate
|
| | | | A-38 | | |
5.16
No Control of the Other Party’s Business
|
| | | | A-38 | | |
5.17
Certain Cooperation
|
| | | | A-38 | | |
ARTICLE 6 CONDITIONS TO CONSUMMATION OF THE MERGER
|
| | | | A-39 | | |
6.1
Conditions to Obligations of Each Party
|
| | | | A-39 | | |
6.2
Conditions to Obligations of the Company
|
| | | | A-40 | | |
6.3
Conditions to Obligations of Parent and Merger Sub
|
| | | | A-40 | | |
ARTICLE 7 TERMINATION, AMENDMENT AND WAIVER
|
| | | | A-41 | | |
7.1
Termination
|
| | | | A-41 | | |
7.2
Effect of Termination
|
| | | | A-42 | | |
7.3
Company Termination Fee
|
| | | | A-42 | | |
7.4
Amendment
|
| | | | A-43 | | |
7.5
Waiver
|
| | | | A-43 | | |
ARTICLE 8 GENERAL PROVISIONS
|
| | | | A-44 | | |
8.1
Non-Survival of Representations and Warranties
|
| | | | A-44 | | |
8.2
Fees and Expenses
|
| | | | A-44 | | |
8.3
Notices
|
| | | | A-44 | | |
8.4
Certain Definitions
|
| | | | A-45 | | |
8.5
Terms Defined Elsewhere
|
| | | | A-52 | | |
8.6
Headings
|
| | | | A-54 | | |
8.7
Severability
|
| | | | A-54 | | |
8.8
Entire Agreement
|
| | | | A-54 | | |
8.9
Assignment
|
| | | | A-54 | | |
8.10
No Third-Party Beneficiaries
|
| | | | A-54 | | |
8.11
Mutual Drafting; Interpretation
|
| | | | A-54 | | |
| | |
Page
|
| |||
8.12
Governing Law; Consent to Jurisdiction; Waiver of Trial by Jury
|
| | | | A-55 | | |
8.13
Counterparts
|
| | | | A-56 | | |
8.14
Specific Performance
|
| | | | A-56 | | |
8.15
Guaranty
|
| | | | A-56 | | |
THE MERGER
CONVERSION OF SECURITIES IN THE MERGER
REPRESENTATIONS AND WARRANTIES OF THE COMPANY
REPRESENTATIONS AND WARRANTIES OF PARENT AND MERGER SUB
COVENANTS
CONDITIONS TO CONSUMMATION OF THE MERGER
TERMINATION, AMENDMENT AND WAIVER
GENERAL PROVISIONS
Via Nino Bonnet 10
Milan, MI 20215
Italy
Attention: Accounting, Finance & Legal
Email: legal@bendingspoons.com, bendingspoons@legalmail.it
330 North Wabash Avenue, Suite 2800
Chicago, IL 60611
Jason Morelli
Jason.Morelli@lw.com
330 West 34th Street, 5th Floor
New York, New York 10001
One Manhattan West
New York, Ny 10001
Dohyun Kim
Dohyun.Kim@skadden.com
| 2025 Annual Bonus Amount | | |
Section 5.8(c)
|
|
| Agreement | | |
Preamble
|
|
| Alternative Acquisition Agreement | | |
Section 5.3(a)
|
|
| Book-Entry Shares | | |
Section 2.2(b)(ii)
|
|
| Capitalization Date | | |
Section 3.2(a)
|
|
| Certificate of Merger | | |
Section 1.2
|
|
| Certificates | | |
Section 2.2(b)(i)
|
|
| Class B Common Stock | | |
Recitals
|
|
| Closing | | |
Section 1.2
|
|
| Closing Date | | |
Section 1.2
|
|
| Common Stock | | |
Recitals
|
|
| Company | | |
Preamble
|
|
| Company 401(k) Plan | | |
Section 5.8(e)
|
|
| Company Benefit Plan | | |
Section 3.11(a)
|
|
| Company Board | | |
Recitals
|
|
| Company Board Recommendation | | |
Section 3.3(b)
|
|
| Company Board Recommendation Change | | |
Section 5.3(c)(i)
|
|
| Company Bylaws | | |
Section 3.1
|
|
| Company Charter | | |
Section 3.1
|
|
| Company Common Stock | | |
Recitals
|
|
| Company Disclosure Schedule | | |
Article 3
|
|
| Company Equity Plans | | |
Section 2.4(f)
|
|
| Company Leased Real Property | | |
Section 3.14(a)
|
|
| Company Material Contracts | | |
Section 3.16(b)
|
|
| Company Meeting | | |
Section 5.4(b)
|
|
| Company Option | | |
Section 2.4(a)
|
|
| Company Preferred Stock | | |
Section 3.2(a)
|
|
| Company Proprietary Software | | |
62
|
|
| Company Registered Intellectual Property | | |
Section 3.17(a)
|
|
| Company Restricted Share | | |
Section 2.4(d)
|
|
| Company RSU | | |
Section 2.4(c)
|
|
| Company SAR | | |
Section 2.4(b)
|
|
| Company SEC Documents | | |
Section 3.5(a)
|
|
| Company SEC Financial Statements | | |
Section 3.5(c)
|
|
| Company Source Code | | |
Section 3.17(e)
|
|
| Company Stockholder Approval | | |
Section 3.3(c)
|
|
| Company Stockholders | | |
Recitals
|
|
| Company System Interruption | | |
Section 3.17(g)
|
|
| Company Systems | | |
Section 3.17(g)
|
|
| Company-Owned Intellectual Property | | |
62
|
|
| Confidential Information | | |
Section 3.17(d)
|
|
| Confidentiality Agreement | | |
Section 5.2
|
|
| Continuing Employee | | |
Section 5.8(a)
|
|
| Current Insurance | | |
Section 5.9(c)
|
|
| D&O Insurance | | |
Section 5.9(c)
|
|
| Data Partners | | |
Section 3.17(i)
|
|
| Delisting Period | | |
Section 5.13
|
|
| DGCL | | |
Recitals
|
|
| Dissenting Shares | | |
Section 2.3
|
|
| DPA | | |
Section 3.9(f)
|
|
| Effective Time | | |
Section 1.2
|
|
| Financing | | |
Section 5.17
|
|
| FIRPTA Certificate | | |
Section 5.14
|
|
| First Extended Outside Date | | |
Section 7.1(d)
|
|
| Guaranteed Obligations | | |
Section 8.15
|
|
| Guarantor | | |
Preamble
|
|
| Guaranty | | |
Section 8.15
|
|
| IAC | | |
Section 3.15(h)
|
|
| Indemnitee | | |
Section 5.9(a)
|
|
| Initial Outside Date | | |
Section 7.1(d), Section 7.1(d)
|
|
| Insured Persons | | |
Section 5.9(c)
|
|
| Labor Agreement | | |
Section 3.5(b)
|
|
| Malicious Code | | |
Section 3.17(h)
|
|
| Maximum Amount | | |
Section 5.9(c)
|
|
| Merger | | |
Recitals
|
|
| Merger Consideration | | |
Section 2.1(a)
|
|
| Merger Sub | | |
Preamble
|
|
| Notice Period | | |
Section 5.3(d)(i)(B)
|
|
| Other Required Approvals | | |
Section 6.1(c)
|
|
| Parent | | |
Preamble
|
|
| Parent 401(k) Plan | | |
Section 5.8(e)
|
|
| Parent Disclosure Schedule | | |
Article 4
|
|
| Parent Subsidiary | | |
Section 4.3(a)
|
|
| Paying Agent | | |
Section 2.2(a)
|
|
| Permits | | |
Section 3.10
|
|
| Sarbanes-Oxley Act | | |
Section 3.5(b)
|
|
| Second Extended Outside Date | | |
Section 7.1(d)
|
|
| Service Provider | | |
Section 3.11(a)
|
|
| Share | | |
Recitals
|
|
| Surviving Corporation | | |
Section 1.1(a)
|
|
| Transactions | | |
Recitals
|
|
| WARN Act | | |
Section 3.12(c)
|
|
| | | | Parent: | | |||
| | | | BENDING SPOONS US INC. | | |||
| | | |
By:
/s/ Mattie Maharaj
Name: Mattie Maharaj
Title: Authorized Signatory |
| |||
| | | | Merger Sub: | | |||
| | | | BLOOMBERG MERGER SUB INC. | | |||
| | | |
By:
/s/ Francesco Patarnello
Name: Francesco Patarnello
Title: President, CEO and Secretary |
| |||
| | | | Guarantor: | | |||
| | | | BENDING SPOONS S.P.A. (solely for purposes of the sections specified herein) | | |||
| | | |
By:
/s/ Francesco Patarnello
Name: Francesco Patarnello
Title: Legal Representative |
|
| | | | The Company: | | |||
| | | | VIMEO, INC. | | |||
| | | |
By:
/s/ Philip Moyer
Name: Philip Moyer
Title: Chief Executive Officer |
|
Vimeo, Inc.
330 West 34th Street, 5th Floor
New York, New York 10001
Vimeo, Inc.
September 10, 2025
Page 2
Vimeo, Inc.
September 10, 2025
Page 3
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