UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of September 2024
Commission File Number: 0-29452
RADCOM LTD.
(Translation of registrant’s name into English)
24 Raoul Wallenberg Street, Tel Aviv 69719,
Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form:40-F ☐
THE FIRST THREE PARAGRAPHS BELOW IN THIS REPORT
ON FORM 6-K OF THE REGISTRANT ARE HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRANT’S REGISTRATION STATEMENTS ON FORM S-8 (REGISTRATION
STATEMENT NOS. 333-190207, 333-195465,
333-203087, 333-211628,
333-215591, 333-260997,
333-270983 AND 333-276692),
AND SHALL BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FILED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY
FILED OR FURNISHED.
CONTENTS
Update regarding RADCOM’s Chairman;
Supplement to Invitation to RADCOM’s
2024 Annual General Meeting of Shareholders
On September 6, 2024, RADCOM Ltd. (the “Registrant”)
announced that Ms. Heli (Rachel) Bennun has decided to step down from her role as Executive Chairman, effective December 31, 2024. The
Registrant’s Board of Directors has nominated Mr. Sami Totah as the next Chairman, effective January 1, 2025, and subject to election
as a director at the upcoming annual general meeting of shareholders of the Registrant, scheduled for September 25, 2024.
This Report on Form 6-K is being furnished by
the Registrant, in part, to supplement certain disclosures set forth in the Invitation to the Registrant’s 2024 Annual General Meeting
of Shareholders to be held on September 25, 2024 (the “Invitation”, the “Meeting”). The supplemental disclosure
included in this Report on Form 6-K does not amend or revise the resolutions set forth in the Invitation and to be voted on at the Meeting.
Shareholders who already submitted their vote, need not take any further action and as long as they do not vote otherwise, their vote
will be counted at the Meeting as initially submitted.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words
such as “estimate,” “project,” “intend,” “expect,” “‘believe,” “may,”
“might,” “potential,” “anticipate,” “plan” or similar expressions are intended to identify
forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example,
when the Registrant discusses the election of Mr. Totah as a director at the upcoming shareholders meeting of the Registrant, it uses
forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual
results, performance, or achievements of the Registrant to be materially different from those that may be expressed or implied by such
statements. For additional information regarding these and other risks and uncertainties associated with the Registrant’s business,
reference is made to the Registrant’s reports filed from time to time with the U.S. Securities and Exchange Commission. The Registrant
does not undertake to revise or update any forward-looking statements for any reason.
This Report on Form 6-K of the registrant consists
of the contents above and the following document, which is attached hereto and incorporated by reference herein:
SIGNATURES
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, thereunto duly authorized.
|
RADCOM LTD. |
|
|
Date: September 6, 2024 |
By: |
/s/ Hadar Rahav |
|
Name: |
Hadar Rahav |
|
Title: |
Chief Financial Officer |
2
Exhibit
99.1
FOR
IMMEDIATE RELEASE
Ms.
Heli Bennun to Step Down as Executive Chairman of RADCOM; Mr. Sami Totah Nominated as Successor
TEL
AVIV, Israel - September 6, 2024 - RADCOM Ltd. (Nasdaq: RDCM) announced today that after 14 years, Ms. Heli (Rachel) Bennun has decided
to step down from her role as Executive Chairman, effective December 31, 2024. The Company’s Board of Directors has nominated Mr.
Sami Totah as the next Chairman, effective January 1, 2025, and subject to election as a director at the upcoming annual general meeting
of shareholders.
Ms.
Bennun has served as Executive Chairman of the Board since 2015. During her tenure, the Company has experienced remarkable growth, evolving
into a strong, healthy, and profitable growth company. The Company is grateful for her guidance and experience, which have been instrumental
in successfully transitioning to establishing the Company as a leading automated assurance company in the 5G market with a best-in-class
cloud-based solution.
In
a statement, Ms. Bennun remarked, “After nearly a decade as Executive Chairman, I feel it’s the right time for me to move
on. I have tremendously enjoyed working with the wonderful people and the management team at RADCOM. I am proud of our significant milestones,
including expanding our customer base to encompass some of the world’s most innovative telecom operators. I’m committed to
ensuring a seamless transition before I step down.”
“I
am confident that Sami, with his vast experience and skills, will play an integral role as Chairman in driving value for our stakeholders.
His extensive strategic and operational expertise will be invaluable” said Ms. Bennun.
Mr.
Totah added, “I am honored to be selected for this role and to have the opportunity to work alongside my fellow directors and the
management team to advance the Company’s strategic initiatives, enhance long-term stakeholder value, and drive customer satisfaction.
I look forward to contributing to the Company’s continued success and growth.”
“I
want to thank Heli for her tireless efforts in guiding the Company toward growth and profitability. I would also like to express our
gratitude for her meaningful contributions over the years and wish Heli continued success,” Mr. Totah concluded.
About
Sami Totah
Mr.
Totah has served as a director of the Company since June 2024. Mr. Sami Totah is a highly accomplished executive with over 35 years of
international management expertise and a proven track record of leading and serving tier-one telecom giants globally. Throughout his
career, he has demonstrated expertise in driving sustainable growth and delivering company success through his strategic vision and leadership
skills. Sami has served as a board member in several publicly traded companies on the Nasdaq and TASE.
From
2008 until 2023, Mr. Totah was a general partner at Viola Growth, a prestigious private equity/growth firm investing in hi-tech, specifically
in companies at their growth stage. As a general partner, Sami has invested in various companies and acted as a board member, assisting
them on their road to success.
Before
Viola Growth, Mr. Totah served as an active chairman in several hi-tech companies, notably with Sheer Networks, which Cisco successfully
acquired for $123 million, Red Bend Software, which was sold to Harman Industries, and Continuity Software, which was sold to Kedma Capital.
Throughout
the years, Mr. Totah has served as a board member in several publicly traded companies on the Nasdaq and TASE, notably ECTEL, Itamar
Medical, Gaon Holdings Group, and Pilat Media (AIM: PGB).
Mr.
Totah worked for Amdocs between 1984 and 2002, retiring from his last role as Senior VP of Operations. Before, he served as President
of Amdocs’ Customer Care and Billing Division for four years, during which the division experienced remarkable growth, with revenues
soaring from $170 million to $430 million and the employee base expanding to over 1,700.
###
For
all investor inquiries, please contact:
Investor
Relations:
Miri
Segal
MS-IR
LLC
917-607-8654
msegal@ms-ir.com
Company
Contact:
Hadar
Rahav
CFO
+972-77-7745062
hadar.rahav@radcom.com
About
RADCOM
RADCOM
(Nasdaq: RDCM) is the leading expert in 5G-ready cloud-native, network intelligence solutions for telecom operators transitioning to
5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM
Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core
for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting, and cutting-edge
techniques based on machine learning, these solutions work in harmony to provide operators with an understanding of the entire customer
experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource
utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not
form a part of this press release.
Risks
Regarding Forward-Looking Statements
Certain
statements made herein that use words such as “estimate,” “project,” “intend,” “expect,”
“‘believe,” “may,” “might,” “potential,” “anticipate,” “plan”
or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform
Act of 1995 and other securities laws. For example, when the Company discusses advancing strategic initiatives, enhancing stakeholder
value, driving customer satisfaction and the election of Mr. Totah as a director at the upcoming shareholders meeting of the Company,
it uses forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause
the actual results, performance, or achievements of the Company to be materially different from those that may be expressed or implied
by such statements, including, among others, changes in general economic and business conditions and specifically, decline in demand
for the Company’s products, inability to timely develop and introduce new technologies, products, and applications, loss of market
share and pressure on prices resulting from competition and the effects of the war in Israel. For additional information regarding these
and other risks and uncertainties associated with the Company’s business, reference is made to the Company’s reports filed
from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking
statements for any reason.
3
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