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
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Date
of Report (Date of Earliest Event Reported):
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May
22 , 2009
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BroadVision,
Inc.
______________________
____________________
____________________(Exact
name of registrant as specified in its charter)
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Delaware
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000-28252
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94-3184303
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_____________________
(State
or other jurisdiction
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_____________
(Commission
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______________
(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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1600
Seaport Blvd, Suite 550,
North Bldg, Redwood City, California
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94063
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_________________________________
(Address
of principal executive offices)
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___________
(Zip
Code)
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Registrant's
telephone number, including area code:
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(650)
331-1000
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______________________________________________
Former
name or former address, if changed since last 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:
[ ] 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))
Item 1.02 Termination
of a Material Definitive Agreement
As
previously reported, on December 21, 2006, BroadVision, Inc. (“Broadvision”)
entered into a sublease agreement (the “Sublease Agreement”) with Dexterra, Inc.
(“Dexterra”) to sublease the second floor of Building 6 in Pacific Shores Center
containing approximately 22,509 rentable square feet of office space located at
1600 Seaport Boulevard, Redwood City, California. The original
sublease term commenced on January 8, 2007 (the “Commencement Date”) and expires
on June 30, 2012 unless earlier terminated. Pursuant to the terms of
the Sublease Agreement, Dexterra has the right to terminate the sublease at the
end of the 36th month from the Commencement Date, upon six months’ prior written
notice to BroadVision and payment of a termination fee equal to three months’
base rent.
On May
22, 2009, BroadVision received written notice from Dexterra of its exercise of
its right to early termination of the Sublease Agreement and payment of the
applicable termination fee.
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 hereunto
duly authorized.
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BroadVision,
Inc.
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May 28,
2009
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By:
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/s/ Shin-Yuan
Tzou
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Name: Shin-Yuan
Tzou
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Title: Chief Financial
Officer
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