-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KIPdvdIEHZgVQbUii9uaFOKXc82YG3pIuE8yZNct/m6AITXGuX34nHnoBb4L6jsY aytWOYcUb9HqdAW/nT5NKw== 0001193125-05-165261.txt : 20050811 0001193125-05-165261.hdr.sgml : 20050811 20050811164311 ACCESSION NUMBER: 0001193125-05-165261 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050810 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050811 DATE AS OF CHANGE: 20050811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ICT GROUP INC CENTRAL INDEX KEY: 0001013149 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 232458937 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20807 FILM NUMBER: 051017607 BUSINESS ADDRESS: STREET 1: 800 TOWN CENTER DR CITY: LANGHORNE STATE: PA ZIP: 19047 BUSINESS PHONE: 2157570200 MAIL ADDRESS: STREET 1: 800 TOWN CENTER DR CITY: LANGHORNE STATE: PA ZIP: 19047-1748 8-K 1 d8k.htm FORM 8-K Form 8-K

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

 

Date of Report (Date of earliest event reported): August 10, 2005

 

 

ICT GROUP, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

Pennsylvania   0-20807   23-2458937

(State or Other Jurisdiction

of Incorporation)

   (Commission File Number)  

(I.R.S. Employer

Identification No.)

 

100 Brandywine Boulevard

Newtown, Pennsylvania

   18940
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (267) 685-5000

 

 

(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 (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Section 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 1.01. Entry into a Material Definitive Agreement.

 

On August 10, 2005, ICT Group, Inc. (the “Company”) and ten of its current and former members of management (collectively, the “Insureds”) entered into a settlement agreement (the “Settlement Agreement”) with one of the Company’s D&O insurers, to settle litigation brought by the Company against the insurer regarding insurance coverage for an employment class action brought against the Company and the Insureds in the Circuit Court of Berkeley County, West Virginia. The employment class action settled in February 2005.

 

Pursuant to the Settlement Agreement, on September 15, 2005, the insurer will pay the Company $4.1 million on behalf of the Insureds in settlement of the insurance coverage litigation. In addition, the parties will dismiss the litigation and mutually release each other from any and all claims relating to the litigation. The Company will recognize the settlement sum in the period received.

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.

 

ICT GROUP, INC.

By:

  

/s/ John J. Brennan

   

John J. Brennan

   

President and Chief Executive Officer

 

Dated: August 11, 2005

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