UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 21, 2009
GLOBAL CASH ACCESS HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
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Delaware
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001-32622
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20-0723270 |
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(State or other jurisdiction
of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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3525 East Post Road, Suite 120
Las Vegas, Nevada
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89120 |
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(Address of principal executive offices)
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(Zip Code) |
Registrants telephone number, including area code: (800) 833-7110
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01. Entry into a Material Definitive Agreement.
On August 21, 2009, Global Cash Access, Inc. (GCA), a wholly-owned subsidiary of Global Cash
Access Holdings, Inc., entered into a Processing Services Agreement (the Processing Agreement)
with TSYS Acquiring Solutions, L.L.C. (TSYS).
Pursuant to the Processing Agreement, TSYS is to provide GCA with transaction processing
services that are necessary for GCA to consummate automated teller machine cash withdrawal, credit
card cash advance, and point-of-sale debit card transactions for patrons of GCAs gaming
establishment customers using GCAs products and services. The processing services include card
and merchant authorization services and merchant accounting and clearing services. TSYS is to
provide the processing services with respect to transactions in the United States and several
foreign jurisdictions.
The Processing Agreement was entered into in connection with GCAs transition from using
processing services provided by USA Payment Systems to processing services provided by TSYS. Upon
the completion of such transition, GCA will no longer use processing services provided by USA
Payment Systems. Pursuant to the Processing Agreement, TSYS is to provide GCA with various
development, implementation and conversion services to facilitate the transition.
Among other fees payable by GCA to TSYS in consideration of TSYS providing processing services
pursuant to the Processing Agreement, GCA is to pay TSYS certain fees on a per transaction basis,
which in some circumstances depend upon transaction volumes.
The Processing Agreement contains confidentiality obligations of both GCA and TSYS (including
certain obligations required to comply with applicable consumer privacy laws), indemnification
obligations of both GCA and TSYS, and obligations of TYS to satisfy certain service levels in its
provision of processing services. Subject to certain qualifications, TSYS has agreed to refrain
from providing processing services to any other provider of cash access services to patrons of
gaming establishments during the term of the Processing Agreement.
The Processing Agreement was made effective as of July 1, 2009 and has an initial term of four
years. Subject to various rights of GCA or TSYS to terminate the Processing Agreement earlier,
upon the expiration of the initial term the Processing Agreement automatically renews for
successive one-year terms until either party provides at least 180 days prior notice of
termination. The Processing Agreement obligates TSYS to provide certain services and cooperation
in connection with GCAs transition to a successor.
The foregoing description of the Processing Agreement is qualified in its entirety by
reference to the Processing Agreement, which is attached as Exhibit 10.1 hereto and incorporated
herein by reference.
On August 21, 2009, GCA, TSYS and Infonox on the Web (Infonox) entered into an Amendment to
Professional Services Agreement, Amended and Restated Software License Agreement, and Transending
Services Agreement (the Infonox Amendment) which amended the terms of that certain Professional
Services Agreement, effective as of March 10, 2004, by and
between GCA and Infonox (the Infonox Services Agreement), and the terms of that certain
Amended and Restated Software License Agreement, effective as of March 10, 2004, by and between GCA
and Infonox (the Infonox License Agreement).
Among other amendments, the Infonox Amendment revised the amount of certain fees payable by
GCA to Infonox pursuant to the Infonox Services Agreement. Pursuant to the Infonox Amendment, TSYS
guaranteed Infonoxs payment of certain obligations pursuant to the Infonox Services Agreement and
the Infonox License Agreement.
The foregoing description of the Infonox Amendment is qualified in its entirety by reference
to the Infonox Amendment, which is attached as Exhibit 10.2 hereto and incorporated herein by
reference.
Item 8.01. Other Events.
On August 21, 2009, Global Cash Access Holdings, Inc. issued a press release announcing the
execution of the Processing Agreement. A copy of the press release is attached hereto as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
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Document |
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10.1 |
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Processing Services Agreement, dated as of August 21, 2009,
between Global Cash Access, Inc., and TSYS Acquiring
Solutions, L.L.C. effective July 1, 2009. |
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10.2 |
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Amendment to Professional Services Agreement, Amended and
Restated Software License Agreement, and Transending Services
Agreement, dated as of August 21, 2009, between Global Cash
Access, Inc., Infonox on the Web and TSYS Acquiring Solutions,
L.L.C. |
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99.1 |
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Press Release announcing the execution of the Processing
Services Agreement, dated as of August 21, 2009, between
Global Cash Access, Inc., and TSYS Acquiring Solutions, L.L.C.
effective July 1, 2009. |