Varonis Systems Inc. filed SEC Form 8-K: Other Events
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Item 8.01 Other Events
On February 14, 2025, in accordance with the Indenture (the “Indenture”) dated May 11, 2020, by and between Varonis Systems, Inc. (the “Company”) and U.S. Bank National Association, as Trustee, relating to the Company’s 1.250% Convertible Senior Notes due 2025 (the “Notes”), the Company gave notice to the Trustee, the Conversion Agent, and the Holders (each as defined in the Indenture) that the Company elected to change the “Default Settlement Method” (as defined in the Indenture) for conversions of Notes to “Physical Settlement” (as defined in the Indenture). As a result, all conversions of Notes after the date of the notice will be settled by delivery of shares of the Company’s common stock using Physical Settlement in accordance with the Indenture.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VARONIS SYSTEMS, INC. | ||
| Dated: February 14, 2025 | By: | /s/ Guy Melamed |
| Name: Guy Melamed | ||
| Title: Chief Financial Officer and Chief Operating Officer | ||