UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
Filed by the
Registrant ☒ Filed by a Party other than the
Registrant ☐
Check the appropriate box:
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Preliminary Proxy Statement
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Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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Brocade
Communications Systems, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
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No fee required.
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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(1)
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Title of each class of securities to which transaction applies:
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(2)
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Aggregate number of securities to which transaction applies:
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(3)
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing
fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
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(1)
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Amount Previously Paid:
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(2)
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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This Schedule 14A filing consists of the following communication relating to the proposed acquisition of Brocade
Communications Systems, Inc. (Brocade) by Broadcom Limited (Ultimate Parent), a limited liability company organized under the laws of the Republic of Singapore, Broadcom Corporation (Parent), a California
corporation and an indirect subsidiary of Ultimate Parent, and Bobcat Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent (Merger Sub), pursuant to the terms of an Agreement and Plan of Merger, dated
November 2, 2016 by and among Brocade, Ultimate Parent, Parent and Merger Sub:
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(i)
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Post by Dan Rabinovitzj published on November 6, 2016 on the Ruckus Room blog.
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The item listed above was
first used or made available on November 6, 2016.
Post by Dan Rabinovitzj published on November 6, 2016 on the Ruckus Room blog
Our Shared Values
Not long ago, Ruckus Wireless was
acquired by Brocade. This started our new adventure to build a stronger presence at the Network Edge with tight integration of the ICX family of switches and an even greater commitment to grow revenue while delighting customers. After this
weeks news that Broadcom intends to acquire Brocade and divest the IP Networking assets of Brocade, I wanted to take the time to reflect on what weve achieved, our value as the Network Edge business unit of Brocade, and why we value our
partners and customers and intend to continue delivering the quality products and customer service Ruckus is known for.
Brocades IP Networking
business was built on the dedication and hard work of a team of innovative and talented employees and was recently bolstered by the acquisition of Ruckus. The combination resulted in a new type of networking company for the digital age, one that
delivers solutions from the data center to the wireless edge. Brocade is a recognized leader in the IP Networking market, offering best-in-class data center, edge and software infrastructure solutions for the worlds leading enterprise, cloud,
and service provider customers.
The good news is that Ruckus has a strong, growing business with #1 market share positions in key verticals like
hospitality and service provider Wi-Fi with a growing base in K-12, higher education and smart cities. I have confidence in our portfolio. With recent launches of Ruckus Cloud Wi-Fi and Cloudpath ES 5.0 software, weve proven we can
deliver high value software and services based on customer requirements and market needs.
Additionally, we have built an enviable world-class portfolio of
wireless and wired products for the edge of the network. The recent success we have shown in selling ICX switches alongside Ruckus Wi-Fi solutions demonstrates the power of a combined portfolio. Our rolling thunder on Wave2 11ac access points
continues, with strong adoption rates across our whole customer portfolio. Last but not least, our thought and execution leadership in OpenG technology comes at a perfect time to generate significant interest in the future of converged
wireless technology.
For our partners, I cannot express enough how committed we are to remaining a strong player in this market, wherever our new home
may be. Our first priority remains the relationships weve built with our partners and providing top-notch products and services to our customers.
For all of our channel partners, go-to-market partners and customers, let me say that the now expanded Ruckus team is committed to you, your mission and your
success. We thrive off mutual achievementsthat is what embodies the spirit of Ruckus. We live to serve.
Stay tuned as we transition through what we
intend will be a short period of uncertainty.
Additional Information and Where to Find It
This communication is being made in respect of the proposed transaction involving Brocade Communications Systems, Inc. (Brocade) and Broadcom
Limited (Broadcom). In connection with the proposed transaction, Brocade intends to file relevant materials with the Securities and Exchange Commission (the SEC), including a preliminary proxy statement on Schedule 14A.
Promptly after filing its definitive proxy statement with the SEC, Brocade will mail the definitive proxy statement and a proxy card to each stockholder of Brocade entitled to vote at the special meeting relating to the proposed transaction.
INVESTORS AND SECURITY HOLDERS OF BROCADE ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT BROCADE WILL FILE WITH THE SEC WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BROCADE AND THE PROPOSED TRANSACTION. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the proposed transaction
(when they become available), and any other documents filed by Brocade with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at Brocades website (http://www.brcd.com) or by contacting Brocades
Investor Relations at (408) 333-6208 or
scoli@brocade.com
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Participants in the Solicitation
Brocade and its directors and executive officers may be deemed to be participants in the solicitation of proxies from Brocades stockholders with respect
to the proposed transaction. Information about Brocades directors and executive officers and their ownership of Brocades common stock is set forth in Brocades proxy statement on Schedule 14A filed with the SEC on February 25, 2016,
and Brocades Annual Report on Form 10-K for the fiscal year ended October 31, 2015, which was filed on December 22, 2015. Information regarding the identity of the potential participants, and their direct or indirect interests in the proposed
transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the proposed transaction.
Legal Notice Regarding Forward-Looking Statements
This
communication, and any documents to which Brocade refers you in this communication, contains not only historical information, but also forward-looking statements made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements represent Brocades current expectations or beliefs concerning future events, including but not limited to the expected completion and timing of the proposed transaction, expected benefits and costs
of the proposed transaction, management plans relating to the proposed transaction, strategies and objectives of Brocade and Broadcom for future operations and other information relating to the proposed transaction. Without limiting the foregoing,
the words believes, anticipates, plans, expects, intends, forecasts, should, estimates, contemplate, future, goal,
potential, predict, project, projection, target, seek, may, will, could, should, would, assuming and
similar expressions are intended to identify forward-looking statements. You should read any such forward-looking statements carefully, as they involve a number of risks, uncertainties and assumptions that may cause actual results to differ
significantly from those projected or contemplated in any such forward-looking statement. Those risks, uncertainties and assumptions include, (i) the risk that the proposed transaction may not be completed in a timely manner or at all, which may
adversely affect Brocades business and the price of the common stock of Brocade, (ii) the failure to satisfy any of the conditions to the consummation of the proposed transaction, including the adoption of the merger agreement by the
stockholders of Brocade and the receipt of certain governmental and regulatory approvals, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (iv) the effect of the
announcement or pendency of the proposed transaction on Brocades business relationships, operating results and business generally, (v) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in
employee retention as a result of the proposed transaction, (vi) risks related to diverting managements attention from Brocades ongoing business operations (vii) the outcome of any legal proceedings that may be instituted against us
related to the merger agreement or the proposed transaction; (viii) unexpected costs, charges or expenses resulting from the proposed transaction, (ix) the ability of Broadcom to achieve its plans, forecasts and other expectations with respect to
Brocades business after completion of the proposed transaction; and (x) other risks described in Brocades and Broadcoms filings with the SEC, such as their respective Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K.
Forward-looking statements speak only as of the date of this communication or the date of any document incorporated by reference in this document. Except as required by applicable law or regulation, Brocade does not assume any obligation to update
any such forward-looking statements whether as the result of new developments or otherwise.
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