Let me fill you in with some general info from the web

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goarmy123 RobInvest #17109

Let me fill you in with some general info from the web site. I do know the Company is in some kin of dispute with the former CEO and he is also one of the largest share holders as he indicates in a recent letter. A Hedge fund apparently owns more than him and formed a committee that took over all executive level decisions. That is the reason, In my opinion, he resigned.

They are going to re-state 3 years of financials and they blamed the Former management team for this. The former CEO states in a letter linked below, It was their Audit committee that okay'd them. LOL.

I think what we are witnessing here is a hostile take over in the infantile stages In my honest opinion. I hope the info belowe helps you out. Any more questions I will be happy to help. I have every link and DD source available and saved for this baby.

Link to the letter.

http://finance.yahoo.com/news/former-chairman...00528.html

The Company indirectly responded with this.

http://finance.yahoo.com/news/block-leviton-l...00443.html

KIT digital maintains corporate headquarters in New York and 28 principal offices around the world.

http://www.kitd.com/company/offices/

KIT digital is a premium provider of end-to-end video management software and related services. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, Bristol-Myers Squibb, BSkyB, Disney-ABC, FedEx, Google, HP, Mediaset, MTV, News Corp, Telecom Argentina, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen.

Ownership

Top Holders
Shares Held % O/S Share Change Filing Date
Pyramis Global Advisors, LLC 5,789,831 10.1 404,437 09/30/12
Invigor Group, Ltd. 4,636,386 8.1 4,636,386 10/23/12
JEC II Associates, L.L.C. 4,447,000 7.8 50,000 08/07/12
Roark, Rearden & Hamot Capital Management, L.L.C. 3,800,000 6.7 550,000 09/30/12
WHV Investment Management, Inc. 3,015,000 5.3 176,900 09/30/12
BlackRock Institutional Trust Company, N.A. 2,716,933 4.8 429,595 09/30/12
Vanguard Group, Inc. 2,435,694 4.3 47,755 09/30/12
Fidelity Management & Research Company 2,356,216 4.1 0 09/30/12
Isaza Tuzman (Kaleil) 2,171,290 3.8 -677,000 05/18/12
Abacus Trustees (Gibraltar) Limited 1,998,880 3.5 0 05/15/12
Top Holders: Mutual Funds
Shares % O/S Share Change Filing Date
Fidelity Select Software and Computer Services Por 1,927,816 3.4 0 09/30/12
PRIMECAP Odyssey Aggressive Growth Fund 1,104,500 1.9 0 09/30/12
Vanguard US Opportunities Fund 851,702 1.5 340,400 06/30/12
iShares Russell 2000 Index Fund 843,725 1.5 227,643 09/30/12
Royce Opportunity Fund 732,100 1.3 335,500 09/30/12
Vanguard Small-Cap Index Fund 698,863 1.2 12,589 09/30/12
John Hancock Small Cap Intrinsic Value 618,418 1.1 618,418 08/31/12
Weitz Hickory Fund 600,000 1.1 187,900 09/30/12
Royce Pennsylvania Mutual Fund 600,000 1.1 0 09/30/12
Vanguard Extended Market Index Fund 565,766 1.0 14,256 09/30/12



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