8-K

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): June 24, 2014

STARTEK, INC.

(Exact name of registrant as specified in its charter)

DELAWARE	1-12793	84-1370538
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

8200 E. Maplewood Ave., Suite 100  Greenwood Village, Colorado	80111
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (303) 262-4500

(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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.05 Costs Associated with Exit or Disposal Activities

On June 24, 2014, StarTek, Inc. (the "Company") announced the planned closure of our Heredia, Costa Rica facility. This closure is part of the Company’s efforts to optimize capacity across all locations. The Company expects to cease operations at the Heredia facility in the third quarter of 2014.

The major costs expected to be incurred with closing the Costa Rica site are facility-related costs, primarily consisting of those costs associated with the real estate lease. The Company estimates that facility-related costs will be approximately $0.5 million to be paid through the remainder of the lease term, or December 2014, and expects to incur approximately $1.0 million in one-time employee termination benefits. The Company estimates that substantially all of the restructuring costs associated with these closures will be cash expenditures.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.        Description of Exhibit

99.1         Press Release dated June 24, 2014.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	STARTEK, INC.
Date: June 24, 2014	By:	/s/ Lisa A. Weaver
		Lisa A. Weaver Senior Vice President, Chief Financial Officer and Treasurer

EX-99.1

Exhibit 99.1

Media Contact:

Rosemary Hanratty

Director of Marketing

STARTEK

Tel +1 303.262.4144

720.314.1042

E-mail: rosemary.hanratty@startek.com

June 24, 2014

STARTEK Announces Closure of Heredia, Costa Rica Location

Denver, CO --- STARTEK (SRT: NYSE) a leading provider of business process outsourcing services announced today the closure of their Heredia, Costa Rica location. The last day of operation is planned for August 30, 2014. The approximately 500 employees were notified of the news today June 24, 2014.

“The difficult decision to close our Heredia site was made as part of our strategic plan to optimize our capacity and continue building upon the efficient solutions we provide our clients,” said Chad Carlson, president and CEO. “This decision was not due to performance of our employees in Costa Rica and we are grateful for their service to STARTEK and our clients.”

STARTEK will be holding job fairs and offering assistance to the employees in finding other jobs within Heredia.

About STARTEK

STARTEK is a comprehensive contact center and business process outsourcing service company with approximately 11,500 employees, we call Brand Warriors who for over 25 years have been committed to making a positive impact on our clients’ business results.  Our mission is to enable and empower our Brand Warriors to promote our clients’ brands every day and bring value to our stakeholders. We accomplish this by aligning with our clients’ business objectives resulting in a trusted partnership.