8-K 1 k05791e8vk.txt CURRENT REPORT, DATED JUNE 1, 2006 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): June 1, 2006 COVANSYS CORPORATION (Exact Name of Registrant as Specified in its Charter) MICHIGAN (State or Other Jurisdiction of Incorporation)
0-22141 38-2606945 (Commission File Number) (I.R.S. Employee Identification Number)
32605 WEST TWELVE MILE ROAD, SUITE 250, FARMINGTON HILLS, MI 48334 (Address of Principal Executive Office) (Zip Code) (248) 488-2088 (Registrant's Telephone Number, Including Area Code) None (Former Name and Former Address, if Change 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 (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 140.14a.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 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS On June 1, 2006, Covansys Corporation announced it had completed the previously announced sale of the assets and certain liabilities of its state and local consulting practice to Saber Solutions, Inc. Saber Solutions, Inc. is a portfolio company of Accel-KKR, a leading technology-focused private equity firm. Proceeds from the sale were $33.8 million subject to normal post closing adjustments. A copy of the press release is attached as Exhibit 99.1. SIGNATURE 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 duly authorized. Covansys Corporation Dated: June 5, 2006 By: /s/ James S. Trouba Vice President and Chief Financial Officer EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION 99.1 Press Release Dated June 1, 2006