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
May 19, 2008
OPTIBASE LTD
(Translation
of registrant’s name into English)
2 Gav Yam Center, 7 Shenkar Street, Herzliya 46120, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes o No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A
Attached hereto and incorporated by reference herein is a copy of the press release: Optibase issues an open letter to Scopus shareholders.
This report is hereby incorporated by reference to the Registration Statements on Form S-8 (File Nos. 333-10840; 333-12814; 333-13186; 333-91650; 333-122128; 333-137644; and 333-139688) of the Company.
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.
| OPTIBASE LTD. (Registrant) By: /s/ Amir Philips —————————————— Amir Philips Chief Financial Officer |
Date: May 19, 2008
 |
Media Contacts:
Talia Rimon, Director of Corporate Communications, Optibase Ltd. 011-972-9-9709-125 taliar@optibase.com Jennifer Hicks, ink Communications for Optibase +1-617-488-0988 ext. 2 jennifer@theinkstudio.com Investor Relations Contact: Lee Roth / Marybeth Csaby, KCSA for Optibase +1-212-896-1209 / 1236 lroth@kcsa.com / mcsaby@kcsa.com |
FOR IMMEDIATE RELEASE
OPTIBASE ISSUES AN OPEN LETTER TO SCOPUS SHAREHOLDERS
HERZLIYA, Israel, May 19, 2008 – Optibase Ltd. (NASDAQ:OBAS) a leader in advanced digital video solutions today issued an open letter to the shareholders of Scopus Video Networks Ltd. in connection with the request of Optibase to convene a general meeting of shareholders of Scopus to declassify the board of directors of Scopus and to elect a slate of directors, and in response to the letter to Scopus shareholders and the proxy statement by Scopus, dated May 9, 2008. The meeting is scheduled to be held on Monday, June 16, 2008. Shareholders of record at the close of business on May 9, 2008 will be entitled to vote at the meeting.
A copy of Optibase’s open letter to Scopus’ shareholders will be filed with the Securities and Exchange Commission on Schedule 13D and is also available at www.optibase.com/scopusvote/.
In the letter, Optibase demonstrates why the “concerns” raised by the board of directors of Scopus are baseless, motivated by self-enriching interests and ignore basic fundamental principles of the Israeli Companies Law.
Scopus shareholders’ are urged to vote “AGAINST” proposal 1 (the proposal of Scopus’ board of directors) and “FOR” proposal 2 and proposal 3 (Optibase’ proposals).
Scopus shareholders are encouraged to review carefully the proxy statement, the letters issued by Scopus’board of directors and by Optibase and other documents filed by either Optibase or Scopus with the Securities and Exchange Commission relating to Optibase’s proposals when they are filed, because they contain important information about the proposals and the forthcoming general meeting of Scopus shareholders.
Copies of the documents filed with the Securities and Exchange Commission by Optibase or Scopus may be obtained free of charge from the SEC website maintained at www.sec.gov.
About Optibase
Optibase provides professional
encoding, decoding, video server upload and streaming solutions for telecom operators,
service providers, broadcasters and content creators. The company’s platforms enable
the creation, broadband streaming and playback of high quality digital video.
Optibase’s breadth of product offerings are used in applications, such as: video over
DSL/Fiber networks, post production for the broadcast and cables industries, archiving;
high-end surveillance, distance learning; and business television. Headquartered in
Israel, Optibase operates through its fully owned subsidiary in Mountain View, California
and offices in, Japan, China, India and Singapore. Optibase products are marketed in
over 40 countries through a combination of direct sales, independent distributors, system
integrators and OEM partners. For further information, please visit
www.optibase.com.
This release and prior releases are available on the Company’s Web site at www.optibase.com. This release and prior releases are also available on the KCSA Public Relations Worldwide Web site at www.kcsa.com.