[PREM14A] Vimeo, Inc. Preliminary Merger Proxy Statement
The proxy statement describes a proposed merger in which Bending Spoons US Inc. will acquire Vimeo, Inc. pursuant to an Agreement and Plan of Merger dated September 10, 2025. If approved, each outstanding share of Vimeo common or Class B common stock (other than dissenting or excluded shares) will be converted into the right to receive $7.85 in cash per share, representing a premium of approximately 68% to Vimeo's closing price on September 8, 2025, 89% to the 30‑day VWAP ended that date, and 7% to the 52‑week high through that date. The Vimeo board unanimously recommends shareholders vote FOR adoption of the merger agreement and has received a fairness opinion from Allen & Company LLC. The merger is expected to close in Q4 2025, is not conditioned on buyer financing, and is subject to customary conditions including shareholder approval and regulatory clearances. Appraisal rights and treatment of equity awards are described; a $40.1M termination fee applies in certain circumstances.
Il proxy statement descrive una fusione proposta in cui Bending Spoons US Inc. acquisirà Vimeo, Inc. ai sensi di un Accordo e Piano di Fusione datato 10 settembre 2025. Se approvata, ogni azione ordinaria Vimeo o azione ordinaria di Classe B (salvo azioni dissentienti o escluse) sarà convertita nel diritto a ricevere $7.85 in contanti per azione, rappresentando un premio di circa 68% rispetto al prezzo di chiusura di Vimeo il 8 settembre 2025, 89% rispetto al VWAP a 30 giorni terminato in quella data, e 7% rispetto al massimo di 52 settimane fino a quella data. Il consiglio di Vimeo, all'unanimità, raccomanda agli azionisti di votare FOR l'adozione dell'accordo di fusione e ha ricevuto un'opinione di fairness da Allen & Company LLC. Si prevede che la fusione si chiuda nel Q4 2025, non è condizionata al finanziamento da parte dell'acquirente ed è soggetta a condizioni usuali tra cui l'approvazione degli azionisti e le autorizzazioni regolamentari. Vengono descritte le prerogative di valutazione e il trattamento dei premi azionari; si applica una penale di risoluzione di $40.1M in determinate circostanze.
El comunicado de proxy describe una fusión propuesta en la que Bending Spoons US Inc. adquirirá Vimeo, Inc. conforme a un Acuerdo y Plan de Fusión fechado el 10 de septiembre de 2025. Si se aprueba, cada acción en circulación de Vimeo, ya sea ordinaria o de Clase B (excepto las acciones disidentes o excluidas) se convertirá en el derecho a recibir $7.85 en efectivo por acción, lo que representa una prima de aproximadamente 68% frente al precio de cierre de Vimeo el 8 de septiembre de 2025, 89% frente al VWAP de 30 días terminado ese día, y 7% frente al máximo de 52 semanas hasta esa fecha. La junta de Vimeo recomienda por unanimidad a los accionistas votar POR la adopción del acuerdo de fusión y ha recibido una opinión de fairness de Allen & Company LLC. Se espera que la fusión se cierre en el 4T 2025, no está condicionada al financiamiento del comprador y está sujeta a condiciones habituales, incluidas la aprobación de los accionistas y las autorizaciones regulatorias. Se describen los derechos de tasación y el tratamiento de las adjudicaciones de capital; se aplica una tarifa de terminación de $40.1M en ciertas circunstancias.
주주공시서는 Bending Spoons US Inc.가 Vimeo, Inc.를 인수하는 제안된 합병을 설명하며, 2025년 9월 10일자로 체결된 합병 계약 및 계획에 따라 이루어집니다. 승인되면, 비공개 또는 제외 주식을 제외한 Vimeo 보통주 또는 Class B 보통주의 각 발행 주식은 주주가 $7.85의 현금 대가를 받을 권리로 전환되며, 이는 Vimeo의 2025년 9월 8일 종가 대비 약 68%의 프리미엄, 그 날짜에 종료된 30일 VWAP 대비 89%, 그리고 그 날짜까지의 52주 최고가 대비 7%의 프리미엄을 의미합니다. Vimeo 이사회는 주주들에게 합병계약 채택에 대해 모두 찬성 투표할 것을 권고하며 Allen & Company LLC로부터 공정성 의견을 받았습니다. 합병은 2025년 4분기에 마감될 것으로 예상되며, 매수측 자금 조달 여부와 무관하고, 주주 승인 및 규제 승인을 포함한 관례적 조건에 따라 달라집니다. 평가 권리 및 주식 보상에 대한 처리가 설명되며, 특정 상황에서 $40.1M의 해지 수수료가 적용됩니다.
La déclaration de procuration décrit une fusion proposée selon laquelle Bending Spoons US Inc. acquerra Vimeo, Inc. en vertu d'un accord et plan de fusion daté du 10 septembre 2025. Si elle est approuvée, chaque action ordinaire ou action de classe B en circulation de Vimeo (à l'exception des actions dissidentes ou exclues) sera convertie en droit de recevoir $7.85 en espèces par action, représentant une prime d'environ 68% par rapport au cours de clôture de Vimeo le 8 septembre 2025, 89% par rapport au VWAP sur 30 jours terminé à cette date, et 7% par rapport au sommet sur 52 semaines jusqu'à cette date. Le conseil d'administration de Vimeo recommande à l'unanimité aux actionnaires de voter POUR l'adoption de l'accord de fusion et a reçu une opinion d'équité de Allen & Company LLC. La fusion devrait se clôturer au Q4 2025, n'est pas conditionnée par le financement de l'acheteur et est soumise à des conditions habituelles comprenant l'approbation des actionnaires et les autorisations réglementaires. Des droits d'évaluation et le traitement des attributions d'actions sont décrits; des frais de résiliation de $40.1M s'appliquent dans certaines circonstances.
Die Proxy-Erklärung beschreibt eine vorgeschlagene Fusion, bei der Bending Spoons US Inc. Vimeo, Inc. gemäß einem Vertrag und Plan zur Fusion mit Datum vom 10. September 2025 erwerben wird. Wenn genehmigt, wird jede ausstehende Aktie von Vimeo Stammaktien oder Class B Stammaktien (mit Ausnahme von dissenting oder ausgeschlossenen Aktien) das Recht erhalten, $7.85 in bar pro Aktie zu erhalten, was eine Prämie von ca. 68% gegenüber dem Schlusskurs von Vimeo am 8. September 2025, 89% gegenüber dem 30-Tage-VWAP, der an diesem Datum endete, und 7% gegenüber dem 52-Wochen-Hoch bis zu diesem Datum darstellt. Der Vimeo-Vorstand empfiehlt einstimmig den Aktionären, über die Annahme des Fusionsvertrags abzustimmen und hat eine Fairness-Meinung von Allen & Company LLC erhalten. Die Fusion soll im Q4 2025 abgeschlossen werden, ist nicht von der Finanzierung des Käufers abhängig und unterliegt üblichen Bedingungen, einschließlich der Zustimmung der Aktionäre und behördlicher Genehmigungen. Bewertungsrechte und Behandlung von Eigenkapitalzuteilungen werden beschrieben; in bestimmten Fällen gilt eine Kündigungsgebühr von $40.1M.
تصف بيان الوكيل اقتراح اندماج يتم بموجبه استحواذ Bending Spoons US Inc. على Vimeo, Inc. وفق اتفاق وخطة اندماج مؤرخة في 10 سبتمبر 2025. إذا تمت الموافقة عليه، ستتحول كل سهم عادي قائم في Vimeo أو سهم Class B عادي (باستثناء الأسهم المعترضة أو المستبعدة) إلى حق استلام $7.85 نقداً لكل سهم، وهو يمثل علاوة قدرها حوالي 68% مقارنة بسعر إغلاق Vimeo في 8 سبتمبر 2025، و89% مقارنة بـ VWAP لمدة 30 يوماً حتى ذلك التاريخ، و7% مقارنة بأعلى سعر خلال 52 أسبوعاً حتى ذلك التاريخ. يوصي مجلس Vimeo بالإجماع بتصويت المساهمين لصالح اعتماد اتفاق الاندماج وقد تلقى رأي عدالة من Allen & Company LLC. من المتوقع أن يغلق الاندماج في الربع الرابع من 2025، وهو غير مشروط بتمويل الطرف المشترى، وهو خاضع لشروط اعتيادية بما فيها موافقة المساهمين والتصاريح التنظيمية. يتم وصف حقوق التثمين ومعاملة أسهم حقوق الملكية؛ وتطبق رسوم إنهاء قدرها $40.1M في ظروف معينة.
代理声明描述了一项拟议合并,其中 Bending Spoons US Inc. 将根据一份 2025年9月10日 签署的《合并协议与计划》收购 Vimeo, Inc.。如果获得批准,Vimeo 的每股在外普通股或甲类普通股(不含不同意股或被排除的股份)将转换为每股收到 $7.85 的现金权利,约较 Vimeo 2025 年 9 月 8 日的收盘价溢价 68%,并较该日期结束的 30 天 VWAP 高出 89%,较该日期的 52 周高点高出 7%。Vimeo 董事会一致建议股东投票通过合并协议的采纳,并已收到 Allen & Company LLC 的公允性意见。预计合并将在 2025 年第四季度完成,不以买方融资为条件,且需符合包含股东批准和监管许可在内的惯常条件。文中描述了评估权利和股票奖励的处理;在特定情况下适用 $40.1M 的终止费。
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Insights
Deal mechanics and shareholder protections are standard for a cash acquisition.
The transaction is a stockholder-approved cash-out merger at $7.85 per share with common closing conditions: shareholder vote, regulatory clearances (including HSR), and no material adverse effect. The agreement includes a typical no‑shop with specified fiduciary exceptions and a $40.1M termination fee payable in defined scenarios.
This overview means shareholders have statutory appraisal rights under Delaware law if they strictly follow Section 262 procedures, but exercising appraisal replaces the cash consideration with a court-determined fair value.
The cash price reflects a sizable premium and immediate liquidity for shareholders.
The offer of $7.85 implies a material premium: ~68% to the prior close and ~89% to the 30‑day VWAP, which is quantitatively significant and likely persuasive to many holders. Bending Spoons represents it has cash and credit facilities to fund the deal and the merger is not financing‑contingent.
Key investor-impact items: potential regulatory conditions or required divestitures could delay closing, and equity award holders will receive cash treatment where underwater options are canceled for no consideration.
Il proxy statement descrive una fusione proposta in cui Bending Spoons US Inc. acquisirà Vimeo, Inc. ai sensi di un Accordo e Piano di Fusione datato 10 settembre 2025. Se approvata, ogni azione ordinaria Vimeo o azione ordinaria di Classe B (salvo azioni dissentienti o escluse) sarà convertita nel diritto a ricevere $7.85 in contanti per azione, rappresentando un premio di circa 68% rispetto al prezzo di chiusura di Vimeo il 8 settembre 2025, 89% rispetto al VWAP a 30 giorni terminato in quella data, e 7% rispetto al massimo di 52 settimane fino a quella data. Il consiglio di Vimeo, all'unanimità, raccomanda agli azionisti di votare FOR l'adozione dell'accordo di fusione e ha ricevuto un'opinione di fairness da Allen & Company LLC. Si prevede che la fusione si chiuda nel Q4 2025, non è condizionata al finanziamento da parte dell'acquirente ed è soggetta a condizioni usuali tra cui l'approvazione degli azionisti e le autorizzazioni regolamentari. Vengono descritte le prerogative di valutazione e il trattamento dei premi azionari; si applica una penale di risoluzione di $40.1M in determinate circostanze.
El comunicado de proxy describe una fusión propuesta en la que Bending Spoons US Inc. adquirirá Vimeo, Inc. conforme a un Acuerdo y Plan de Fusión fechado el 10 de septiembre de 2025. Si se aprueba, cada acción en circulación de Vimeo, ya sea ordinaria o de Clase B (excepto las acciones disidentes o excluidas) se convertirá en el derecho a recibir $7.85 en efectivo por acción, lo que representa una prima de aproximadamente 68% frente al precio de cierre de Vimeo el 8 de septiembre de 2025, 89% frente al VWAP de 30 días terminado ese día, y 7% frente al máximo de 52 semanas hasta esa fecha. La junta de Vimeo recomienda por unanimidad a los accionistas votar POR la adopción del acuerdo de fusión y ha recibido una opinión de fairness de Allen & Company LLC. Se espera que la fusión se cierre en el 4T 2025, no está condicionada al financiamiento del comprador y está sujeta a condiciones habituales, incluidas la aprobación de los accionistas y las autorizaciones regulatorias. Se describen los derechos de tasación y el tratamiento de las adjudicaciones de capital; se aplica una tarifa de terminación de $40.1M en ciertas circunstancias.
주주공시서는 Bending Spoons US Inc.가 Vimeo, Inc.를 인수하는 제안된 합병을 설명하며, 2025년 9월 10일자로 체결된 합병 계약 및 계획에 따라 이루어집니다. 승인되면, 비공개 또는 제외 주식을 제외한 Vimeo 보통주 또는 Class B 보통주의 각 발행 주식은 주주가 $7.85의 현금 대가를 받을 권리로 전환되며, 이는 Vimeo의 2025년 9월 8일 종가 대비 약 68%의 프리미엄, 그 날짜에 종료된 30일 VWAP 대비 89%, 그리고 그 날짜까지의 52주 최고가 대비 7%의 프리미엄을 의미합니다. Vimeo 이사회는 주주들에게 합병계약 채택에 대해 모두 찬성 투표할 것을 권고하며 Allen & Company LLC로부터 공정성 의견을 받았습니다. 합병은 2025년 4분기에 마감될 것으로 예상되며, 매수측 자금 조달 여부와 무관하고, 주주 승인 및 규제 승인을 포함한 관례적 조건에 따라 달라집니다. 평가 권리 및 주식 보상에 대한 처리가 설명되며, 특정 상황에서 $40.1M의 해지 수수료가 적용됩니다.
La déclaration de procuration décrit une fusion proposée selon laquelle Bending Spoons US Inc. acquerra Vimeo, Inc. en vertu d'un accord et plan de fusion daté du 10 septembre 2025. Si elle est approuvée, chaque action ordinaire ou action de classe B en circulation de Vimeo (à l'exception des actions dissidentes ou exclues) sera convertie en droit de recevoir $7.85 en espèces par action, représentant une prime d'environ 68% par rapport au cours de clôture de Vimeo le 8 septembre 2025, 89% par rapport au VWAP sur 30 jours terminé à cette date, et 7% par rapport au sommet sur 52 semaines jusqu'à cette date. Le conseil d'administration de Vimeo recommande à l'unanimité aux actionnaires de voter POUR l'adoption de l'accord de fusion et a reçu une opinion d'équité de Allen & Company LLC. La fusion devrait se clôturer au Q4 2025, n'est pas conditionnée par le financement de l'acheteur et est soumise à des conditions habituelles comprenant l'approbation des actionnaires et les autorisations réglementaires. Des droits d'évaluation et le traitement des attributions d'actions sont décrits; des frais de résiliation de $40.1M s'appliquent dans certaines circonstances.
Die Proxy-Erklärung beschreibt eine vorgeschlagene Fusion, bei der Bending Spoons US Inc. Vimeo, Inc. gemäß einem Vertrag und Plan zur Fusion mit Datum vom 10. September 2025 erwerben wird. Wenn genehmigt, wird jede ausstehende Aktie von Vimeo Stammaktien oder Class B Stammaktien (mit Ausnahme von dissenting oder ausgeschlossenen Aktien) das Recht erhalten, $7.85 in bar pro Aktie zu erhalten, was eine Prämie von ca. 68% gegenüber dem Schlusskurs von Vimeo am 8. September 2025, 89% gegenüber dem 30-Tage-VWAP, der an diesem Datum endete, und 7% gegenüber dem 52-Wochen-Hoch bis zu diesem Datum darstellt. Der Vimeo-Vorstand empfiehlt einstimmig den Aktionären, über die Annahme des Fusionsvertrags abzustimmen und hat eine Fairness-Meinung von Allen & Company LLC erhalten. Die Fusion soll im Q4 2025 abgeschlossen werden, ist nicht von der Finanzierung des Käufers abhängig und unterliegt üblichen Bedingungen, einschließlich der Zustimmung der Aktionäre und behördlicher Genehmigungen. Bewertungsrechte und Behandlung von Eigenkapitalzuteilungen werden beschrieben; in bestimmten Fällen gilt eine Kündigungsgebühr von $40.1M.
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/0001837686/000110465925096869/lg_vimeo-bw.jpg)
Chief Executive Officer & Director
![[MISSING IMAGE: lg_vimeo-bw.jpg]](https://www.sec.gov/Archives/edgar/data/0001837686/000110465925096869/lg_vimeo-bw.jpg)
TO BE HELD ON
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TIME AND DATE:
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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 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, | |
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330 W 34th Street,
5th Floor New York, New York 10001 |
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Jessica Tracy
General Counsel & Secretary |
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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
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Page
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PROXY SUMMARY
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QUESTIONS AND ANSWERS
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FORWARD-LOOKING STATEMENTS
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THE SPECIAL MEETING
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PARTIES INVOLVED IN THE MERGER
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PROPOSAL 1: ADOPTION OF THE MERGER AGREEMENT
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THE MERGER
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TERMS OF THE MERGER AGREEMENT
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PROPOSAL 2: ADVISORY VOTE ON MERGER-RELATED EXECUTIVE
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COMPENSATION ARRANGEMENTS
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PROPOSAL 3: ADJOURNMENT OF THE SPECIAL MEETING
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MARKET PRICES AND DIVIDEND DATA
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SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
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APPRAISAL RIGHTS
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FUTURE STOCKHOLDER PROPOSALS
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HOUSEHOLDING INFORMATION
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WHERE YOU CAN FIND MORE INFORMATION
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MISCELLANEOUS
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Annexes | | | | | | | |
Annex A — Agreement and Plan of Merger
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| | | | A-1 | | |
Annex B — Opinion of Allen & Company LLC
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| | | | B-1 | | |
Annex C — Section 262 of the General Corporations Law of the State of Delaware
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| | | | 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
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Implied Equity Value
Reference Ranges Per Vimeo Share Based On: |
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Merger Consideration
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CY2025E Revenue
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CY2026E Revenue
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$5.42 – $6.61
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$5.76 – $7.06
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| | | $ | 7.85 | | |
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CY2025E Adjusted EBITDA
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CY2026E Adjusted EBITDA
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$4.12 – $5.65
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| |
$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
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 96,544 | | | | | | 757,870 | | |
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 | | |
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
($) |
| |
Amount of the 2025
Annual Bonus Payable at Closing ($) |
| |
Total
($) |
| |||||||||
Philip Moyer
|
| | | | 600,000 | | | | | | 600,000 | | | | | | 1,200,000 | | |
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 3)
|
| | | $ | 7.80 | | | | | $ | 7.74 | | |
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) | | | | | | 10.3% | | | | | | — | | | | | | — | | | | | | 6.6% | | |
Lynrock Lake LP
2 International Drive, Suite 130 Rye Brook, NY 10573 |
| | | | 15,017,039(2) | | | | | | 9.0% | | | | | | — | | | | | | — | | | | | | 5.7% | | |
BlackRock, Inc.
50 Hudson Yards New York, NY 10001 |
| | | | 12,115,246(3) | | | | | | 7.2% | | | | | | — | | | | | | — | | | | | | 4.6% | | |
Divisar Capital Management, LLC
275 Sacramento Street, 8th Floor San Francisco, CA 94111 |
| | | | 8,420,025(4) | | | | | | 5.0% | | | | | | | | | | | | | | | | | | 3.2% | | |
Barry Diller
|
| | | | 10,014,087(5) | | | | | | 5.7% | | | | | | 9,399,250(6) | | | | | | 100% | | | | | | 36.2% | | |
Philip Moyer
|
| | | | 480,335(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Gillian Munson
|
| | | | 847,472(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jessica Tracy
|
| | | | 109,625(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Bob Petrocelli
|
| | | | 188,883(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Javier Ortega Estrada
|
| | | | 110,445(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Adam Cahan
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Adam Gross
|
| | | | 228,221(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Jay Herratti
|
| | | | 101,482(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Lydia Jett
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Kirsten Kliphouse
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Mo Koyfman
|
| | | | 95,480(7) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Glenn H. Schiffman
|
| | | | 723,180(8) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
Alexander von Furstenberg
|
| | | | 176,600(9) | | | | | | * | | | | | | — | | | | | | — | | | | | | * | | |
All current executive officers and directors
as a group (13 persons) |
| | | | 3,061,723 | | | | | | 1.8% | | | | | | — | | | | | | — | | | | | | 1.2% | | |
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
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| | | | A-56 | | |
8.14
Specific Performance
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| | | | A-56 | | |
8.15
Guaranty
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| | | | 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)
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| Agreement | | |
Preamble
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| Alternative Acquisition Agreement | | |
Section 5.3(a)
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| Book-Entry Shares | | |
Section 2.2(b)(ii)
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| Capitalization Date | | |
Section 3.2(a)
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| Certificate of Merger | | |
Section 1.2
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| Certificates | | |
Section 2.2(b)(i)
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| Class B Common Stock | | |
Recitals
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| Closing | | |
Section 1.2
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| Closing Date | | |
Section 1.2
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| Common Stock | | |
Recitals
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| Company | | |
Preamble
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| Company 401(k) Plan | | |
Section 5.8(e)
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| Company Benefit Plan | | |
Section 3.11(a)
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| Company Board | | |
Recitals
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| Company Board Recommendation | | |
Section 3.3(b)
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| Company Board Recommendation Change | | |
Section 5.3(c)(i)
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| Company Bylaws | | |
Section 3.1
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| Company Charter | | |
Section 3.1
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| Company Common Stock | | |
Recitals
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| Company Disclosure Schedule | | |
Article 3
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| Company Equity Plans | | |
Section 2.4(f)
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| Company Leased Real Property | | |
Section 3.14(a)
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| Company Material Contracts | | |
Section 3.16(b)
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| Company Meeting | | |
Section 5.4(b)
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| Company Option | | |
Section 2.4(a)
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| Company Preferred Stock | | |
Section 3.2(a)
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| Company Proprietary Software | | |
62
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| Company Registered Intellectual Property | | |
Section 3.17(a)
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| Company Restricted Share | | |
Section 2.4(d)
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| Company RSU | | |
Section 2.4(c)
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| Company SAR | | |
Section 2.4(b)
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| Company SEC Documents | | |
Section 3.5(a)
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| Company SEC Financial Statements | | |
Section 3.5(c)
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| Company Source Code | | |
Section 3.17(e)
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| Company Stockholder Approval | | |
Section 3.3(c)
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| Company Stockholders | | |
Recitals
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| Company System Interruption | | |
Section 3.17(g)
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| Company Systems | | |
Section 3.17(g)
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| Company-Owned Intellectual Property | | |
62
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| Confidential Information | | |
Section 3.17(d)
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| Confidentiality Agreement | | |
Section 5.2
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| Continuing Employee | | |
Section 5.8(a)
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| Current Insurance | | |
Section 5.9(c)
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| D&O Insurance | | |
Section 5.9(c)
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| Data Partners | | |
Section 3.17(i)
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| Delisting Period | | |
Section 5.13
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| DGCL | | |
Recitals
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| Dissenting Shares | | |
Section 2.3
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| DPA | | |
Section 3.9(f)
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| Effective Time | | |
Section 1.2
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| Financing | | |
Section 5.17
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| FIRPTA Certificate | | |
Section 5.14
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| First Extended Outside Date | | |
Section 7.1(d)
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| Guaranteed Obligations | | |
Section 8.15
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| Guarantor | | |
Preamble
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| Guaranty | | |
Section 8.15
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| IAC | | |
Section 3.15(h)
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| Indemnitee | | |
Section 5.9(a)
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| Initial Outside Date | | |
Section 7.1(d), Section 7.1(d)
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| Insured Persons | | |
Section 5.9(c)
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| Labor Agreement | | |
Section 3.5(b)
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| Malicious Code | | |
Section 3.17(h)
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| Maximum Amount | | |
Section 5.9(c)
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| Merger | | |
Recitals
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| Merger Consideration | | |
Section 2.1(a)
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| Merger Sub | | |
Preamble
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| Notice Period | | |
Section 5.3(d)(i)(B)
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| Other Required Approvals | | |
Section 6.1(c)
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| Parent | | |
Preamble
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| Parent 401(k) Plan | | |
Section 5.8(e)
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| Parent Disclosure Schedule | | |
Article 4
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| Parent Subsidiary | | |
Section 4.3(a)
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| Paying Agent | | |
Section 2.2(a)
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| Permits | | |
Section 3.10
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| Sarbanes-Oxley Act | | |
Section 3.5(b)
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| Second Extended Outside Date | | |
Section 7.1(d)
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| Service Provider | | |
Section 3.11(a)
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| Share | | |
Recitals
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| Surviving Corporation | | |
Section 1.1(a)
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| Transactions | | |
Recitals
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| WARN Act | | |
Section 3.12(c)
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| | | | 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 |
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| | | | 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
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