e425
Filed by: JDA Software Group, Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: i2 Technologies, Inc.
Commission File No.: 000-28030
This filing contains forward-looking statements as defined in the Private Securities Litigation
Reform Act of 1995. The words anticipate, believe, estimate, expect, intend, will,
should and similar expressions, as they relate to us, are intended to identify forward-looking
statements. These statements reflect managements current beliefs, assumptions and expectations and
are subject to a number of factors that may cause actual results to differ materially. These
factors include but are not limited to: the unprecedented volatility in the global economy; the
risk that the future business operations of i2 Technologies, Inc. (i2) will not be successful;
the risk that we will not realize all of the anticipated benefits from our acquisition of i2; the
risk that customer retention and revenue expansion goals for the i2 transaction will not be met and
that disruptions from the i2 transaction will harm relationships with customers, employees and
suppliers; the risk that we will not successfully raise adequate financing for the intended
structure; the risk that if our intended financing structure is not successful that our alternative
financing structure will not be successful; the risk that unexpected costs will be incurred; the
outcome of litigation and regulatory proceedings to which we may be a party; actions of
competitors; changes and developments affecting our industry; quarterly or cyclical variations in
financial results; development of new products and services; interest rates and cost of borrowing;
our ability to protect our intellectual property rights; our ability to maintain and improve cost
efficiency of operations, including savings from restructuring actions; changes in foreign currency
exchange rates; changes in economic conditions, political conditions, trade protection measures,
licensing requirements and tax matters in the foreign countries in which we do business; reliance
on third parties for manufacturing of products and provision of services; and other factors that
are set forth in the Risk Factors section and other sections of our 2009 Annual Report on Form
10-K and i2s 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission.
Neither JDA Software Group, Inc. (JDA) nor i2 assumes any obligation to update any
forward-looking statements as a result of new information or future events or developments, except
as required by law.
This communication is being made in respect of the proposed transaction involving JDA and i2. In
connection with the proposed transaction, JDA plans to file with the Securities and Exchange
Commission (the SEC) a Registration Statement on Form S-4 containing a Joint Proxy
Statement/Prospectus and each of JDA and i2 plan to file with the SEC other documents regarding the
proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to
stockholders of JDA and i2. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain free copies of the Registration Statement and
the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC by JDA
and i2 through the website maintained by the SEC at www.sec.gov. In addition, investors and
security holders may obtain free copies of the Registration Statement and Joint Proxy
Statement/Prospectus (when available) and other documents filed with the SEC from JDA by directing
a request to JDA Software Group, Inc., 14400 North 87th Street, Scottsdale, Arizona 85260,
Attention: Investor Relations (telephone: (480) 308-3000) or going to JDAs corporate website at
www.jda.com, or from i2 by directing a request to i2 Technologies, Inc., One i2 Place, 11701 Luna
Road, Dallas, Texas 75234, Attention: Investor Relations (telephone (469) 357-1000) or going to
i2s corporate website at www.i2.com.
JDA, i2 and their respective directors and executive officers, may be deemed to be participants in
the solicitation of proxies in respect of the proposed transaction. Information regarding JDAs
directors and executive officers is set forth in JDAs proxy statement for its 2009 Annual Meeting
of Stockholders, which was filed with the SEC on April 7, 2009, and Annual Report on Form 10-K
filed with the SEC on March 13, 2009. Information regarding i2s directors and executive officers
is set forth in i2s proxy statement for its 2009 Annual Meeting of Stockholders, which was filed
with the SEC on April 28, 2009, and Annual Report on Form 10-K filed with the SEC on March 12,
2009. Additional information regarding the interests of such potential participants will be
included in the Joint Proxy Statement/Prospectus and the other relevant documents filed with the
SEC (when available).
Filed below is a list of frequently asked questions and responses provided to employees of JDA and
i2 on December 21, 2009 regarding JDAs proposed acquisition of i2.
Employee FAQ: JDAs Pending Acquisition of i2
Associate Frequently Asked Questions
Related to JDA Software Group, Inc.s Pending Acquisition of
i2 Technologies, Inc.
Update date December 16, 2009
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General Information |
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Workforce, Positions, Salaries & Bonuses |
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Benefits Information |
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Appendix 1 |
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Legal Legends |
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© 2009 JDA Software Group, Inc.
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12/21/2009
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Page 1 |
All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
SECTION 1: GENERAL INFORMATION
1. |
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What does this acquisition mean to the Workplace Strategy pilot that was scheduled for the
Irving, Texas office? Will Irving still go thru the WPS pilot with some assoc working from
home? |
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JDA continues to have the goal to reduce the real estate footprint by 30% by the end of
2010 which will require the implementation of telecommuting across the organization. With
the acquisition of i2, the Workplace Strategy plans will be revisited and a new rollout
strategy defined by the end of January, 2010 however the goals and strategy to achieve them
remain the same. Once this updated plan is finalized it will be communicated to the
associates. |
2. |
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After the close, what will be the process for JDA associates in the field to engage with
product teams regarding innovative Product/Process/Function ideas? |
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There is both a formal and an informal process for all JDA associates to share their ideas
and provide input into Product/Process/Function improvements and innovations. Our formal
process includes an Enhancement Request document that both clients and associates may use
to enter their requests for added features and functionalities in our products. In
addition, the Excellence in Performance program allows our associates to identify and put
into action their ideas for innovation and business improvements. Our informal process
includes many vehicles for information gathering including product information sharing
sessions, product launch meetings, product training sessions and discussion forums all
designed to foster internal knowledge sharing and collaboration. We encourage our
associates to share their innovative ideas to positively impact all aspects of the JDA
business whether it is through new solutions and functionality or new process and
productivity improvements. |
3. |
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I would like to get a list of products discontinued by JDA though their various acquisitions
and reasons for such discontinuation. |
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While JDA has a tradition of growth through acquisition, we have also gained the knowledge
and reputation within the industry of not only supporting the solutions we acquire but
enhancing those solutions as well. We will continue to support and enhance our solutions
to meet the needs of our customers and protect the investments they have made. There have
been less than a handful of products that we have ever actually discontinued and that was
because there were few to no customers on those products, and we were able to immediately
provide our customers with a superior solution. |
4. |
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After the close, will any of I2s internal systems be inherited if they are better than
JDAs? |
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The functional integration teams that are representing multiple business areas across the company
will review the internal processes and applications used by their i2 counterparts. Each team is
working to define their ongoing department processes and procedures along with the applications
required to support them. |
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© 2009 JDA Software Group, Inc.
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12/21/2009
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All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
5. |
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Is there an opportunity to take Manugistics Product Training in January? |
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Given that we must continue to operate as separate companies until the close, Manugistics
product training should be deferred until after the close. However, each associate at JDA
has a development plan that includes product training. Each associates training plan may
be different and may or may not include the Manugistics training. All associates can take
advantage of the entire JDA training library in their own time. |
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Click Here to view the available training for the Manugistics products |
SECTION 2: WORKFORCE, POSITIONS, SALARIES & BONUSES
1. |
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Many i2 employees have been waiting 2 years for the annual appraisal process. Upon
transitioning to a JDA associate, what are the prospects of salary increase for the i2
employees? |
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i2 associates will become JDA associates as of the date of the close. Provided that a
budgeted merit increase is approved for JDA for 2010, all eligible associates will be
considered for merit increases. |
2. |
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How is people integration between the two companies going to be done? Will each employee of
i2 be talked to individually and then his performance evaluated? Will JDA have access to the
performance evaluations from the current i2 evaluation process? |
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The main objective in the integration process is to create the most efficient organization
possible giving the combined organization the greatest chance of success going forward. A
key part of this process will be identifying the appropriate individuals to fill the
various roles in the organization. This process will entail discussions between JDA and
i2 management regarding the capabilities and performance of the associates and, to the
extent possible, conversations with the individual associates. It is unlikely that JDA
will be reviewing the performance evaluations currently being conducted by i2, as the
evaluation process will not be completed until mid to late January. Each department and
region may have a slightly different approach based upon local needs, legal requirements
and custom and practice. The goal is to approach the exercise with objectivity and fairness
for both i2 and JDA associates. |
3. |
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If I am not retained, how will severance be paid out? |
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In the US, JDAs practice is to pay severance in a lump sum, upon the expiration of a 7 day period
after the associate has signed his or her severance agreement and release. If an associate has a
change in control or other severance agreement currently in place, severance will be paid out
according to the terms of that agreement. In the international locations, severance will be paid
according to contract or the local legal requirements. |
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© 2009 JDA Software Group, Inc.
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12/21/2009
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All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
SECTION 3: BENEFITS INFORMATION
1. |
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If I am not retained, how long will I have medical benefits? (US only) |
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Coverage will continue through the end of the month in which you are terminated.
Thereafter you may elect COBRA coverage for a period up to 18 months. |
2. |
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If I am not retained, what happens to my 401K account? (US only) |
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Depending on the size of your balance, unless you act to transfer your balance to another
401(k) plan or individual IRA within 90 days from the date of termination the following
rules will apply: |
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For vested plan balances less than $1,000. Your balance will automatically be distributed
to you in cash as a lump sum. |
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For vested plan balances more than $1,000 but less than or equal to $5,000. Your balance
will automatically be rolled over to a new individual retirement account. |
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For vested plan balances of more than $5,000. You can choose any of the following options: |
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Directly roll over your savings |
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Leave your money in the plan |
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Take your savings in cash as a lump sum (This choice has tax complications and
potentially an IRS penalty, more detailed information will follow from Vanguard.) |
A lump sum distribution taken before the qualified retirement age has tax consequences and
potentially an IRS penalty.
3. |
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If relocation is required, will relocation assistance be provided? |
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A determination as to whether any associate will be asked to relocate will only be made after a
review of the organization is completed and a determination is made as the resources needed and the
location of those required resources. If an associate is asked to relocate, an appropriate level
of relocation assistance will be provided, consistent with the level of the associates role in the
organization. Currently, we anticipate that there will be little need to relocate associates. |
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© 2009 JDA Software Group, Inc.
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12/21/2009
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Page 4 |
All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
4. |
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What happens to Flex Spending accounts? Do I need to spend the money in my accounts before
the deal closes? What if I lose my job how will flex spending accounts be impacted? (US
Only) |
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JDA will continue to administer the Flexible Spending Accounts. There will be no impact to
your accounts should you remain employed through JDA. |
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Should your employment terminate in 2010 the following is how your flexible spending
accounts will be treated: |
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Dependent Daycare You will be able to submit claims up through March 31, 2010 for
expenses incurred in 2009 towards dependent daycare costs. |
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Medical Flexible Spending Account You can submit claims through March 31, 2010 for expenses
incurred in 2009 through your termination date. Should you have additional medical flexible
spending funds that you have not incurred expenses for through your termination date you can elect
COBRA for the remainder of 2010 to continue to claim for expenses incurred from your termination
date through the end of the 2009 calendar year. |
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© 2009 JDA Software Group, Inc.
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12/21/2009
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Page 5 |
All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
APPENDIX 1: LEGAL LEGENDS
Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995
These Frequently Asked Questions contain forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. The words anticipate, believe, estimate, expect,
intend, will, should and similar expressions, as they relate to us, are intended to identify
forward-looking statements. These statements reflect managements current beliefs, assumptions and
expectations and are subject to a number of factors that may cause actual results to differ
materially. These factors include but are not limited to: the unprecedented volatility in the
global economy; the risk that the future business operations of i2 Technologies, Inc. (i2) will
not be successful; the risk that we will not realize all of the anticipated benefits from our
acquisition of i2; the risk that customer retention and revenue expansion goals for the i2
transaction will not be met and that disruptions from the i2 transaction will harm relationships
with customers, employees and suppliers; the risk that we will not successfully raise adequate
financing for the intended structure; the risk that if our intended financing structure is not
successful that our alternative financing structure will not be successful; the risk that
unexpected costs will be incurred; the outcome of litigation and regulatory proceedings to which we
may be a party; actions of competitors; changes and developments affecting our industry; quarterly
or cyclical variations in financial results; development of new products and services; interest
rates and cost of borrowing; our ability to protect our intellectual property rights; our ability
to maintain and improve cost efficiency of operations, including savings from restructuring
actions; changes in foreign currency exchange rates; changes in economic conditions, political
conditions, trade protection measures, licensing requirements and tax matters in the foreign
countries in which we do business; reliance on third parties for manufacturing of products and
provision of services; and other factors that are set forth in the Risk Factors section and other
sections of our 2009 Annual Report on Form 10-K and i2s 2009 Annual Report on Form 10-K filed with
the Securities and Exchange Commission. Neither JDA Software Group, Inc. (JDA) nor i2 assumes
any obligation to update any forward-looking statements as a result of new information or future
events or developments, except as required by law.
Caution Required by Certain SEC Rules
This communication is being made in respect of the proposed transaction involving JDA and i2. In
connection with the proposed transaction, JDA plans to file with the Securities and Exchange
Commission (the SEC) a Registration Statement on Form S-4 containing a Joint Proxy
Statement/Prospectus and each of JDA and i2 plan to file with the SEC other documents regarding the
proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to
stockholders of JDA and i2. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain free copies of the Registration Statement and
the Joint Proxy Statement/Prospectus (when available) and other documents filed with the SEC by JDA
and i2 through the website maintained by the SEC at www.sec.gov. In addition, investors and
security holders may obtain free copies of the Registration Statement and Joint Proxy
Statement/Prospectus (when available) and other documents filed with the SEC from JDA by directing
a request to JDA Software Group, Inc., 14400 North 87th Street, Scottsdale, Arizona 85260,
Attention: Investor Relations (telephone: (480) 308-3000) or going to JDAs corporate website at
www.jda.com, or from i2 by directing a request to i2 Technologies, Inc., One i2 Place, 11701 Luna
Road, Dallas, Texas 75234, Attention: Investor Relations (telephone (469) 357-1000) or going to
i2s corporate website at www.i2.com.
JDA, i2 and their respective directors and executive officers, may be deemed to be participants in
the solicitation of proxies in respect of the proposed transaction. Information regarding JDAs
directors and executive officers is set forth in JDAs proxy statement for its 2009 Annual Meeting
of Stockholders, which was filed with the SEC on April 7, 2009, and Annual Report on Form 10-K
filed with the SEC on March 13,
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© 2009 JDA Software Group, Inc.
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12/21/2009
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Page 6 |
All Rights Reserved. |
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Employee FAQ: JDAs Pending Acquisition of i2
2009. Information regarding i2s directors and executive officers
is set forth in i2s proxy statement for its 2009 Annual Meeting of Stockholders, which was filed
with the SEC on April 28, 2009, and Annual Report on Form 10-K filed with the SEC on March 12,
2009. Additional information regarding the interests of such potential participants will be
included in the Joint Proxy Statement/Prospectus and the other relevant documents filed with the
SEC (when available).
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© 2009 JDA Software Group, Inc.
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12/21/2009
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Page 7 |
All Rights Reserved. |
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