-----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, S6j7TBfsboM4r95UYqRhIJtvGn12QmSmz3QZWuHmBXHsMawlISwfqSN5rCHr9WHF wsjwsZ4AfUa3w18GBtTCcw== 0001157523-06-009256.txt : 20060918 0001157523-06-009256.hdr.sgml : 20060918 20060918083519 ACCESSION NUMBER: 0001157523-06-009256 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060918 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060918 DATE AS OF CHANGE: 20060918 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAVIGANT CONSULTING INC CENTRAL INDEX KEY: 0001019737 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 364094854 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12173 FILM NUMBER: 061094564 BUSINESS ADDRESS: STREET 1: 615 N WABASH CITY: CHICAGO STATE: IL ZIP: 60611 BUSINESS PHONE: 3125735650 MAIL ADDRESS: STREET 1: 615 N WABASH CITY: CHICAGO STATE: IL ZIP: 60611 FORMER COMPANY: FORMER CONFORMED NAME: METZLER GROUP INC DATE OF NAME CHANGE: 19960826 8-K 1 a5229701.txt NAVIGANT CONSULTING, INC. 8-K COMBO 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): September 18, 2006 NAVIGANT CONSULTING, INC. ----------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-28830 36-4094854 ------------------ -------------- ------------------------ (State or Other (Commission (IRS Employer Jurisdiction of Incorporation) File Number) Identification Number) 615 North Wabash, Chicago, IL 60611 (Address of Principal Executive Offices) (Zip Code) (312) 573-5600 (Registrant's telephone number, including area code) N.A. (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: |_| Written communications pursuant to Rule 425 under the Securities Act |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act ITEM 8.01. Other Events. On September 18, 2006, Navigant Consulting, Inc. (the "Company") issued a press release reporting its receipt of a ruling from an arbitrator. A copy of the press release is filed as an exhibit to this report and is incorporated by reference into this Item. ITEM 9.01. Financial Statements and Exhibits. (d) The following items are included as Exhibits to this report: 99.1 Press Release dated September 18, 2006 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. NAVIGANT CONSULTING, INC. Date: September 18, 2006 By: /s/ Ben W. Perks ---------------------------------------- Ben W. Perks Executive Vice President and Chief Financial Officer EX-99.1 2 a5229701-ex991.txt NAVIGANT CONSULTING, INC. EXHIBIT 99.1 Exhibit 99.1 Navigant Consulting Receives Ruling From Arbitrator CHICAGO--(BUSINESS WIRE)--Sept. 18, 2006--Navigant Consulting, Inc. (NYSE:NCI) announced today that it has received a ruling in an arbitration proceeding relating to a previously-disclosed dispute with the City of Vernon, California. The dispute relates to certain electric distribution maintenance services that RMI-US, a subsidiary of the Company, provided to the City prior to November 30, 2003. Since then, the Company no longer provides electric distribution maintenance services. As previously disclosed, in February 2006 the Company received an adverse order and "interim finding" in which an arbitrator found that the City was entitled to disgorgement of unspecified amounts under the contract, and was entitled to unspecified treble damages. On September 15, 2006, the arbitrator issued an "Interim Award" in which he ruled that the City is entitled to reimbursement of approximately $13.4 million in services fees that the City paid the Company. The arbitrator also ruled that the Company must pay approximately $23.0 million in treble damages under the California False Claims Act. Finally, the arbitrator ruled that the City was entitled to reimbursement of approximately $935,000 for cleanup expenses incurred in connection with an oil spill in 2001 at the City's generation station, and the City may recover its reasonable attorneys' fees and arbitration costs. The Company strongly disagrees with the arbitrator's ruling and damages award. As previously disclosed, the Company has the right under the arbitration association's rules to appeal this ruling to a three judge panel. The Company intends to appeal both the arbitrator's findings and award. Under the rules governing the appeals process, the arbitrator's award will not be considered final and cannot be enforced until affirmed, reversed or modified as result of the appeals process. The Company will host a webcast to discuss the arbitration ruling today at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). The webcast may be accessed on the Company's website, www.navigantconsulting.com. To access the call, click the Investor Relations section and select "Conference Calls." About Navigant Consulting Navigant Consulting, Inc. (NYSE:NCI) is a specialized independent consulting firm providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services, and on the issues driving these transformations. "Navigant" is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI's use of "Navigant" is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com. Except as set forth below, statements included in the press release, which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" as defined within the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words including "anticipates," "believes," "intends," "estimates," expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation, those relating to the Company's future business prospects, revenues, working capital, liquidity, income and margins, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to several important factors, including those identified from time to time in the Company's reports filed with the SEC. Such risk factors include, but are not limited to: dependence on key personnel, acquisitions consummated and acquisitions under consideration, recruiting, attrition and the ability to successfully integrate new consultants into the Company's practices, significant client assignments, conflicts of interest, the ability to meet the challenges of rapid growth and intense competition, professional liability, any significant decline in the market value of the Company's securities that would affect its ability to attract, retain and motivate its consultants, possible legislative and regulatory changes, including without limitation federal class action, asbestos and medical malpractice reform legislation, and general economic conditions. CONTACT: Navigant Consulting, Inc. Ben W. Perks, 312-573-5630 (Executive Vice President and Chief Financial Officer) Andrew J. Bosman, 312-573-5631 (Executive Director of Marketing and Communications) -----END PRIVACY-ENHANCED MESSAGE-----