Item 8.01. Other Events
On May 18, 2009, Telular Corporation (the "Company") issued a press release
announcing that on May 18, 2009, the Company commenced a modified "Dutch
Auction" tender offer for up to 2,000,000 shares of its common stock at a price
per share of not less than $2.00 and not greater than $2.25, for a maximum
aggregate purchase price of approximately $4,500,000.
The shares sought in the tender offer represent approximately 12% of the
Company's outstanding common stock as of May 11, 2009. The tender offer will
expire at 12:01 a.m. New York City time, on June 16, 2009, unless extended by
the Company. The tender offer is not contingent upon any minimum number of
shares of common stock being tendered. However, the tender offer is subject to
other conditions as described in the Offer to Purchase, dated May 18, 2009,
which the Company will file with the Securities and Exchange Commission and mail
to holders of its common stock on May 18, 2009.
A copy of the Company's press release is filed as Exhibit 99.1 to this Report
and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
99.1 Press Release dated May 18, 2009.