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~~Report (Date of earliest event reported): ~~May 19~~June 12, 2023

SEACHANGE INTERNATIONAL, INC.

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in its ~~Charter~~charter)

DELAWARE		001-38828	04-3197974
Delaware	001-38828	04-3197974
(State or other jurisdiction of incorporation)		(Commission File Number)	(IRS Employer Identification No.)
(State or other jurisdiction ofincorporation)	(CommissionFile Number)	(IRS EmployerIdentification No.)

177 Huntington Avenue, Suite ~~1703~~1703PMB 73480Boston, ~~PMB~~MA ~~73480~~02115 (Address of principal executive offices and zip code)

Boston, MA 02115

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: (978) 897-0100

N/A

(Former ~~Name~~name or ~~Address~~address, if ~~Changed~~changed ~~Since~~since ~~Last~~last ~~Report~~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 (~~seeGeneral~~see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	~~TradingSymbol(s)~~Name of each exchange on which registered		~~Name of each exchange on which registered~~
Common Stock, $0.01 Par Value	SEAC	~~SEAC~~The Nasdaq Capital Market		~~The Nasdaq Capital Market~~

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth ~~company~~ ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 32.0302 Results ~~Material~~of ~~Modification~~Operations toand ~~Rights~~Financial ~~of Security Holders~~Condition.

ToAttached ~~the~~as ~~extent~~Exhibit ~~required~~99.1 byhereto, ~~Item~~and ~~3.03~~incorporated ofherein ~~Form~~by ~~8-K~~reference, is a copy of the ~~information~~press ~~contained~~release inissued ~~Item~~by 5SeaChange International, Inc.03 of(“SeaChange”) ~~this~~dated ~~Current~~June ~~Report~~12, on2023, ~~Form~~reporting ~~8-K~~SeaChange’s isfinancial ~~incorporated~~results ~~herein~~for bythe ~~reference.~~quarter ended April 30, 2023.

The information contained in this Item 52.0302 ~~Amendments~~and Exhibit 99.1 attached hereto and incorporated herein by reference is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to ~~Articles~~the liabilities of ~~Incorporation~~that section, unless SeaChange specifically states that the information is to be considered “filed” under the Exchange Act or ~~Bylaws;~~incorporates ~~Change~~it inby ~~Fiscal~~reference ~~Year~~into a filing under the Securities Act of 1933, as amended.

OnItem ~~May 19, 2023, SeaChange International, Inc~~8. (the “Company” or “SeaChange”) filed a certificate of amendment to the Company’s Amended and Restated Certificate of Incorporation (the “Certificate of Amendment”), with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of the shares of the Company’s common stock, par value $0.01 Other ~~per share (“Common Stock”), effective as of 5:00 p~~Events.m., Eastern Time, on May 19, 2023 (the “Reverse Stock Split”). The Certificate of Amendment did not amend the number of authorized shares of Common Stock, which will remain unchanged at 100,000,000 shares. The Common Stock is expected to begin trading on a post-split basis on The Nasdaq Capital Market (“Nasdaq”) as of the open of trading on May 23, 2023. There will be no change in the Company’s Nasdaq ticker symbol, “SEAC”. In connection with the Reverse Stock Split, the CUSIP number for the Common Stock has been changed to 811699 404.

AsOn ~~described~~June ~~below~~7, ~~under~~2023, ~~Item~~SeaChange ~~5.07~~received ofwritten ~~this~~notice ~~Current~~(the ~~Report~~“Notice”) onfrom ~~Form~~the ~~8-K,~~Listing ~~the~~Qualifications ~~Company’s~~Department ~~stockholders~~of ~~approved~~The ~~the~~Nasdaq ~~Certificate~~Stock ofMarket ~~Amendment~~LLC to(“Nasdaq”) ~~effect~~stating ~~the~~that ~~Reverse~~SeaChange ~~Stock~~has ~~Split~~regained atcompliance with the ~~Annual~~minimum ~~Meeting~~bid ofprice ~~Stockholders~~requirement ~~held~~under onNasdaq ~~May 19,~~Listing ~~2023~~Rule 5550(a)(2) (the “~~Annual~~Bid ~~Meeting~~Price Rule”). ~~Following~~for ~~the~~continued ~~Annual~~listing ~~Meeting,~~on ~~the~~The ~~Company~~Nasdaq Capital Market because SeaChange’s ~~Board~~common stock had a closing bid price of ~~Directors~~at ~~(the~~least ~~“Board”)~~$1.00 ~~determined~~per toshare ~~effect~~for 10 consecutive business days. Accordingly, in the ~~Reverse~~Notice, ~~Stock~~Nasdaq ~~Split~~stated atthat athe ~~ratio~~matter ofis ~~1-for-20~~now closed. There can be no assurance, however, that SeaChange will be able to maintain compliance with the Bid Price Rule in the future.

AsItem a result of the Reverse Stock Split, every twenty (20) shares of the Company’s issued and outstanding Common Stock will be automatically combined into one issued and outstanding share of Common Stock, without any change in the par value per share9. ~~No fractional shares will be issued as a result of the Reverse Stock Split~~01. Financial ~~Instead,~~Statements ~~any~~and ~~fractional shares of Common Stock that would have otherwise resulted from the Reverse Stock Split will be rounded up to the nearest whole share~~Exhibits.

Proportionate adjustments will be made to the exercise price and number of shares issuable upon the exercise of the options outstanding under the Company’s equity incentive plans, and the number of shares subject to restricted stock units, deferred stock units and performance stock units under the Company’s equity incentive plans.

Computershare Trust Company, N.A., the Company’s transfer agent, is acting as exchange agent for the Reverse Stock Split and will send instructions to stockholders of record who hold stock certificates regarding how to exchange existing stock certificates for their post-Reverse Stock Split shares of Common Stock. Those stockholders who hold their shares in brokerage accounts or in “street name” will receive instructions from their brokers.

The information set forth herein does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Amendment that effectuated the Reverse Stock Split, which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 5.07 Submission of Matters to a Vote of Security Holders.

The Annual Meeting was held on May 19, 2023, at which the Company’s stockholders voted on the following matters, as further described in SeaChange’s definitive proxy statement filed with the Securities and Exchange Commission on April 17, 2023 (the “Proxy Statement”):

1. The election of two members, Peter Aquino and David Nicol, to the Board, to serve for a three-year term as a Class III Director;

2. The approval of the Certificate of Amendment to effect, at the discretion of the Board, a reverse stock split of the Common Stock at a ratio in the range of 1-for-15 to 1-for-25, with such ratio to be determined at the discretion of the Board (the “Reverse Stock Split Vote”);

3. The approval, on an advisory basis, of the compensation of SeaChange’s named executive officers (the “Say-on-Pay Vote”);

4. The approval, on an advisory basis, of the frequency of holding future non-binding advisory votes on compensation of SeaChange’s named executive officers (the “Say-on-Frequency Vote”); and

5. The ratification of the appointment of the SeaChange’s independent registered public accounting firm, Marcum LLP, for the fiscal year ending January 31, 2024 (the “Auditor Ratification”).

The final voting results, as certified by the independent inspector of elections, Broadridge Financial Solutions, Inc., for each of the proposals submitted to a vote of the SeaChange stockholders at the Annual Meeting are as follows:

		Votes For		Votes Against		Abstentions		Broker Non-votes
Election of Peter Aquino:		23,560,485		3,037,929		96,068		9,987,601

		Votes For		Votes Against		Abstentions		Broker Non-votes
Election of David Nicol:		20,067,948		6,512,944		113,590		9,987,601

		Votes For		Votes Against		Abstentions		Broker Non-votes
Reverse Stock Split Vote:		32,420,902		3,348,427		912,754		n/a

		Votes For		Votes Against		Abstentions		Broker Non-votes
Say-on-Pay Vote:		23,402,670		2,365,988		925,824		9,987,601

		One Year		Two Years		Three Years		Abstentions		Broker Non-votes
Say-on-Frequency Vote:		24,791,694		150,746		667,340		1,084,702		9,987,601

		Votes For		Votes Against		Abstentions		Broker Non-votes
Auditor Ratification:		35,089,221		1,420,829		172,033		n/a

A majority of the shares voted on the Say-on-Frequency Vote at the Annual Meeting were voted in favor of stockholders having a non-binding, advisory vote on named executive officer compensation every year (as opposed to every two years or every three years), which was consistent with the recommendation of the Board in the Proxy Statement. In light of this stockholder vote and consistent with its recommendation in the Proxy Statement, the Board has determined that the Company will hold a non-binding stockholder advisory vote on named executive officer compensation annually until the next required vote on the frequency of future non-binding stockholder advisory votes on named executive officer compensation. The Company is required to hold a non-binding, advisory vote on the frequency of future stockholder advisory votes on named executive officer compensation no less frequently than every six years.

Item 7.01 Regulation FD Disclosure.

On May 22, 2023, the Company issued a press release, announcing the Reverse Stock Split and the ratio for the Reverse Stock Split at 1-for-20. A copy of such press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information furnished under this Item 7.01 of this Current Report on Form 8-K and the exhibit attached hereto are deemed to be “furnished” and shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information and exhibits be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

ExhibitNo.		Description
3.1		Certificate of Amendment to the Amended and Restated Certificate of Incorporation of SeaChange International, Inc.
99.1		Press release issued by SeaChange International, Inc., dated May 22, 2023.
104		Cover Page Interactive Data File, formatting Inline Extensible Business Reporting Language (iXBRL).

The following Exhibit is attached to this report:


Exhibit No.	Description

99.1	Press release issued by SeaChange International, Inc. dated June 12, 2023.

104	Cover Page Interactive Data File, formatting Inline Extensible Business Reporting Language (iXBRL).

SIGNATURE

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.

SEACHANGE INTERNATIONAL, INC.

~~SEACHANGE INTERNATIONAL, INC.~~

/s/ MARK SZYNKOWSKI

~~/s/ Peter D. Aquino~~

Peter D. Aquino

Mark Szynkowski

Dated: May 22, 2023

Chief Executive Officer

Dated: June 12, 2023

Chief Financial Officer, Senior Vice President and Treasurer

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