Zipcar CEO Scott Griffith twitter message created exta work for Zipcar legal department.
Scott Griffith 86-character message, however, created extra work for the legal department at Zipcar, which by the end of the day Friday had made a filing with the Securities and Exchange Commission disclosing it to Zipcar’s investors.
Zipcar’s short 8-K filing said:
On January 4, 2013, Scott Griffith, chairman of the board of directors and chief executive officer of Zipcar, Inc. (“ Zipcar ”), posted communications on Twitter regarding the announcement on January 2, 2013 by Zipcar and Avis Budget Group, Inc. (“ Avis ”) of the execution of an Agreement and Plan of Merger among Zipcar, Avis and Millennium Acquisition Sub, Inc. (the “ Transaction ”). A copy of Mr. Griffith’s communications posted on Twitter is filed as Exhibit 99.1 hereto and is incorporated herein by reference. A copy of the article, dated January 3, 2013, appearing in The Boston Globe to which Mr. Griffith’s communications refers is filed as Exhibit 99.2 hereto and is incorporated herein by reference.
Dealbook reported that Zipcar’s filing also mentioned that Mr. Griffith appeared on CNBC to discuss the Avis deal, and attached a copy of the transcript of Mr. Griffith’s discussion with the program’s hosts.