-----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, RUmA7Gos6TGNmuKwr5LxplAlZUoEq/EqtTSEre5f2x3/E1VIUFGe6ldCmJWrolTd KMTgNzX3HQlYvHAy2aNhJg== /in/edgar/work/0000930661-00-002417/0000930661-00-002417.txt : 20000928 0000930661-00-002417.hdr.sgml : 20000928 ACCESSION NUMBER: 0000930661-00-002417 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000925 ITEM INFORMATION: FILED AS OF DATE: 20000926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EDGEWATER TECHNOLOGY INC/DE/ CENTRAL INDEX KEY: 0001017968 STANDARD INDUSTRIAL CLASSIFICATION: [7363 ] IRS NUMBER: 710788538 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20971 FILM NUMBER: 728777 BUSINESS ADDRESS: STREET 1: 234 EAST MILLSAP CITY: FAYETTEVILLE STATE: AR ZIP: 72703 BUSINESS PHONE: 5019736000 MAIL ADDRESS: STREET 1: 234 EAST MILLSAP CITY: FAYETTEVETTE STATE: AR ZIP: 72703 FORMER COMPANY: FORMER CONFORMED NAME: STAFFMARK INC DATE OF NAME CHANGE: 19960702 8-K 1 0001.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, DC 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): September 25, 2000 EDGEWATER TECHNOLOGY, INC. -------------------------- (Exact name of registrant as specified in its charter) Delaware 0-20971 71-0788538 --------------------- ----------- ------------------- (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 302 East Millsap Road, Fayetteville, Arkansas 72703 --------------------------------------------------- (Address of principal executive offices) (zip code) Registrant's telephone number, including area code (501) 973-6000 ----------------------------------------------------------------- Not Applicable ------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events Attached as an exhibit to this Form 8-K is a copy of a Edgewater Technology, Inc. press release which was disseminated publicly on September 25, 2000. (c) Exhibits. The following exhibit is filed with this Form 8-K: 99.1 Edgewater Technology, Inc. Press Release dated September 25, 2000. 2 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. EDGEWATER TECHNOLOGY, INC.. (Registrant) Date: September 26, 2000 By: /s/ Terry C. Bellora --------------------------------- Terry C. Bellora Chief Financial Officer EXHIBIT INDEX 99.1 Edgewater Technology, Inc. Press Release dated September 25, 2000. 3 EX-99.1 2 0002.txt PRESS RELEASE Exhibit 99.1 Contact: Clete T. Brewer, Chairman and Chief Executive Officer Terry C. Bellora, Chief Financial Officer Edgewater Technology, Inc. (501) 973-6084 Lekha Rao Brunswick Group (212) 333-3810 Edgewater Technology, Inc. Announces The Sale Of Its Strategic Legal --------------------------------------------------------------------- Resources Division And Discusses Its Share Repurchase Program ------------------------------------------------------------- Fayetteville, Ark - September 25, 2000 - Edgewater Technology, Inc. (NASDAQ: EDGW, www.edgewater.com, the "Company"), today announced the sale of all of the ----------------- outstanding stock of its Strategic Legal Resources subsidiary, its legal staffing division, to a company owned by a group of investors including MidMark Capital II, L.P. and Edwardstone & Company for $13.25 million, of which $4.25 million is represented by a promissory note payable in 120 days. In 1999, Strategic Legal Resources recorded revenues of $17.1 million, operating income of $0.9 million and EBITDA of $2.1 million before unallocated corporate expenses of $0.6 million. During the first half of 2000, Strategic Legal Resources recorded revenues of $10.6 million, an operating loss of $0.3 million and EBITDA of $1.0 million before unallocated corporate expenses of $0.5 million. Clete T. Brewer, Chairman and Chief Executive Officer, commented, "We are pleased to announce the sale of Strategic Legal Resources. Including the proceeds from this transaction, we currently have approximately $100 million in cash and no debt. Since the July 2000 stock repurchase authorization and subject to applicable limitations, the Company has repurchased 943,000 shares of its common stock. We will continue to focus our energy on building Edgewater, our award-winning eSolutions company, which has the reputation for high quality and innovative solutions in the fast growing technology sector." About The Company - ----------------- Edgewater Technology, Inc., formerly known as StaffMark, Inc., is a holding company which owns a portfolio of business service brands. Its primary brand is Edgewater Technology, a national full-service provider of tailored Internet- centric solutions, which assists clients through proven methodologies, including eStrategy, eSolutions and Internet Outsourcing. Edgewater Technology, Inc.'s other specialty platforms are IntelliMark (information technology staffing and solutions) and ClinForce (clinical trials support services). Find more information at www.edgewater.com. ----------------- - -END- -----END PRIVACY-ENHANCED MESSAGE-----