-----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, GRSGg8NFolS8zGLG9uvlSV4UxbK9YAWcPgHgkx5oVgxbdonr9l33Y9tdoKWxWlox eHwZwJjt6uI7dtjDWf2ZOg== 0000950134-97-001296.txt : 19970223 0000950134-97-001296.hdr.sgml : 19970223 ACCESSION NUMBER: 0000950134-97-001296 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970207 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970221 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: STAFFMARK INC CENTRAL INDEX KEY: 0001017968 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 710788538 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20971 FILM NUMBER: 97541173 BUSINESS ADDRESS: STREET 1: 302 EAST MILLSAP CITY: FAYETTEVILLE STATE: AR ZIP: 72703 BUSINESS PHONE: 5019736000 MAIL ADDRESS: STREET 1: 302 EAST MILLSAP CITY: FAYETTEVETTE STATE: AR ZIP: 72703 8-K 1 FORM 8-K 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934 Date of Report (Date of earliest event reported): . . . . . . . February 7, 1997 STAFFMARK, INC. (Exact name of registrant as specified in its charter) Delaware 0-20971 71-0788538 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) 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 2 Item 5. Other Events On February 7, 1997, StaffMark, Inc. (the "Company") completed the purchase of all of the outstanding capital stock of MRIC Medical Recruiters International, Ltd., a British Columbia corporation ("MRIC"), through its wholly-owned subsidiary, 533993 Ltd., a British Columbia corporation. MRIC provides medical personnel recruitment and placement services throughout North America, the United Kingdom, and New Zealand. MRIC is headquartered in Vancouver, British Columbia. Item 7. Financial Statements and Exhibits (c) Exhibits. The following exhibits are filed with this Form 8-K: 99.1 Press Release dated February 10, 1997. 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. STAFFMARK, INC. (Registrant) Date: February 20, 1997 By: /s/Terry C. Bellora ------------------------------- Terry C. Bellora Chief Financial Officer 3 EXHIBIT INDEX 99.1 Press Release dated February 10, 1997. 2 EX-99.1 2 PRESS RELEASE DATED FEBRUARY 10, 1997 1 EXHIBIT 99.1 NEWS RELEASE STAFFMARK, INC. ACQUIRES MEDICAL RECRUITERS INTERNATIONAL CANADA FAYETTEVILLE, AR -- StaffMark, Inc. (NASDAQ/NM:STAF), a leading diversified personnel staffing company, announced today that is has expanded its business into Canada by completing the acquisition of Medical Recruiters International Canada (MRIC), a medical recruitment firm headquartered in Vancouver, British Columbia, with recruiting offices in Toronto, Ontario, and London, England. This marks StaffMark's fifth acquisition since its IPO in the Fall of 1996. MRIC, with $2 million in 1996 revenues, will be part of StaffMark's Specialty Medical Division, headed by executive vice president, Jack Maxwell, and will be accounted for as a stock purchase. The Company expects this acquisition to have a positive impact on 1997 EPS. Terms of the transaction were not disclosed. "MRIC is consistent with our strategy to acquire clinical and specialty medical staffing firms in targeted markets," said Clete T. Brewer, president and chief executive officer of StaffMark. "MRIC is Canada's largest and most experienced medical therapist recruitment firm. The expertise and experience of MRIC president Brad Carpenter and his team will be very valuable to StaffMark as we continue to increase our position in the specialty medical field." "MRIC specializes in the recruitment and placement of physical and occupational therapists throughout North America, the United Kingdom, and New Zealand," added Brewer. "With the addition of MRIC to StaffMark's expanding Specialty Medical Division, we expect to more than double the number of physical and occupational therapists we will place in 1997." "As the demand for physical and occupational therapists continues to grow each year, relocating people across international borders has become increasingly important. There is a tremendous amount of synergy across international borders has become increasingly important. There is a tremendous amount of synergy associated with this acquisition as both StaffMark and MRIC have extensive experience in assisting therapists with licensing and visa coordination. In addition, we will be able to leverage off of these international recruiting offices and existing visa processes for recruitment in our Professional/IT Division." StaffMark, Inc. is a leading provider of diversified staffing service to businesses, professional, medical niches, professional and service organizations, and governmental agencies, primarily in growth markets in the southeastern and southwestern United States. The Company has operations in Arkansas, Colorado, Georgia, missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Virginia, and British Columbia. This release contains forward-looking statements which involve risk and uncertainties with respect to growth opportunities and their impact on 1997 earnings. The Company's actual results could differ materially from the results anticipated in these forward-looking statements 3 2 as a result of loss of existing customers, loss of key management, unexpected costs, or operational problems and those certain risk factors set forth under "Risk Factors" and elsewhere in the Company's Prospectus dated September 26, 1996, made under the Securities and Exchange Act of 1934. 4 -----END PRIVACY-ENHANCED MESSAGE-----