-----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, MQLfG+pKGKz286e8B/5SODq6Q7+vjPti2Cq/s6HQtvavEkJ0b9FxeZ975o5Y01Sg vsACJtEGL0nL6fin9AWLfw== 0000950134-97-001295.txt : 19970223 0000950134-97-001295.hdr.sgml : 19970223 ACCESSION NUMBER: 0000950134-97-001295 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970205 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: 97541172 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 substantially all of the assets of APS--Advance Personnel Service, Inc., a Tennessee corporation ("APS"), through its wholly-owned subsidiary, APS--Advance Personnel Service Acquisition Corporation, a Delaware corporation. APS provides temporary staffing services in the Memphis, Tennessee, area. APS is headquartered in Memphis, Tennessee. 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. EX-99.1 2 PRESS RELEASE DATED FEBRUARY 10, 1997 1 EXHIBIT 99.1 NEWS RELEASE STAFFMARK, INC. ACQUIRES ADVANCE PERSONNEL SERVICE, INC. FAYETTEVILLE, AR -- StaffMark, Inc. (NASDAQ/NM:STAF), a leading diversified personnel staffing company, announced today that it has completed the acquisition of Advance Personnel Service, Inc., a $6 million-a-year commercial staffing company based in Memphis, Tennessee. This represents StaffMark's fourth acquisition since its initial stock offering in the Fall of 1996. Advance Personnel will be accounted for as an asset purchase, and the Company expects this acquisition to have a positive impact on its 1997 EPS. Terms of the transaction were not disclosed. "Advance Personnel is an excellent addition to StaffMark," said Clete T. Brewer, president and chief executive officer of StaffMark. "StaffMark currently has one office in Memphis. The addition of Advance Personnel strengthens our position in this fast growing Memphis market, and allows StaffMark to provide expanded service to our clients and employees." "Advance Personnel was founded in the late 1980s by Anthony Tate, who will remain with the company in a management position," stated Brewer. "Anthony and his staff have developed an excellent reputation in the Memphis community and have significant contracts with several fortune 500 companies in the area. The Company has experienced growth in excess of 25% a year, which when combined with the strong client and employee base, makes Advance Personnel an attractive purchase for StaffMark." StaffMark, Inc. is a leading provider of diversified staffing services 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 operates 94 offices located in Arkansas, Colorado, Georgia, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, and Virginia. 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 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. -----END PRIVACY-ENHANCED MESSAGE-----