-----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, P7RzGk9awZCEWWWmXqnlljDiLZ69n3SGQnLDhdoqI0kuKO64p/OKHtjwT7OUJ2mB YgDMCYZXdpflCyjKDf0dfA== 0001157523-09-004599.txt : 20090626 0001157523-09-004599.hdr.sgml : 20090626 20090625174956 ACCESSION NUMBER: 0001157523-09-004599 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081231 FILED AS OF DATE: 20090626 DATE AS OF CHANGE: 20090625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VOLT INFORMATION SCIENCES, INC. CENTRAL INDEX KEY: 0000103872 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 135658129 STATE OF INCORPORATION: NY FISCAL YEAR END: 1101 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09232 FILM NUMBER: 09910539 BUSINESS ADDRESS: STREET 1: 560 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-2928 BUSINESS PHONE: 2127042400 MAIL ADDRESS: STREET 1: 560 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10022-2928 FORMER COMPANY: FORMER CONFORMED NAME: VOLT INFORMATION SCIENCES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: VOLT TECHNICAL CORP DATE OF NAME CHANGE: 19680913 11-K 1 a5994951.txt VOLT INFORMATION SCIENCES, INC. 11-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 11-K ---- / X / Annual Report Pursuant to Section 13 or 15(d) of the Securities ---- Exchange Act of 1934 for the Year Ended December 31, 2008 Or ---- / / Transition Report Pursuant to Section 15(d) of the Securities ---- Exchange Act of 1934 For the transition period from ______________________ to _________________ Commission File No. 1-9232 A. Full title of the plan and address of the plan, if different from that of the issuer named below: Volt Information Sciences, Inc. Savings Plan -------------------------------------------- B. Name of issuer of the securities held pursuant to the plan and address of its principal executive office: Volt Information Sciences, Inc. ------------------------------- 1600 Stewart Ave, Suite 100 ------------------------------- Westbury, NY 11590 ------------------------------- VOLT INFORMATION SCIENCES, INC. SAVINGS PLAN FORM 11-K TABLE OF CONTENTS
Page No. -------- Report of Independent Registered Public Accounting Firm 2 (a) Financial Statements: Statements of Net Assets Available for Benefits - December 31, 2008 and December 31, 2007 3 Statements of Changes in Net Assets Available for Benefits - For the years ended December 31, 2008 and December 31, 2007 4 Notes to Financial Statements 5 Supplemental Schedule: Schedule of Assets (Held at End of Year) 14 Signature 15 (b) Exhibit: Consent of Independent Registered Public Accounting Firm 16
Report of Independent Registered Public Accounting Firm The Trustees of the Volt Information Sciences, Inc. Savings Plan We have audited the accompanying statements of net assets available for benefits of the Volt Information Sciences, Inc. Savings Plan as of December 31, 2008 and 2007, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan's internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at December 31, 2008 and 2007, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2008, is presented for purposes of additional analysis and is not a required part of the financial statements but is supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan's management. The supplemental schedule has been subjected to the auditing procedures applied in our audit of the financial statements and, in our opinion, is fairly stated in all material respects in relation to the financial statements taken as a whole. /s/Mitchell & Titus, LLP New York, New York June 25, 2009 2 Volt Information Sciences, Inc. Savings Plan Statements of Net Assets Available for Benefits
December 31 2008 2007 -------------------------------------- Assets Cash $ 6,289 $ 20,375 Investments, at fair value: Mutual funds 43,327,498 73,067,196 Volt Information Sciences, Inc. Common Stock Fund 4,942,724 13,301,977 Common/Collective trusts 26,375,621 25,345,117 Participant loans 2,546,496 3,335,055 -------------------------------------- Total investments 77,192,339 115,049,345 -------------------------------------- Contributions receivable: From employer 1,483,869 1,314,113 From participants 173,549 205,201 -------------------------------------- Total contributions receivable 1,657,418 1,519,314 -------------------------------------- Interest and dividend receivable 72,256 34,269 -------------------------------------- Total assets 78,928,302 116,623,303 -------------------------------------- Adjustment from fair value to contract value for interest in collective trusts relating to fully benefit-responsive investment contracts 887,554 7,141 -------------------------------------- Net assets available for benefits $ 79,815,856 $ 116,630,444 ======================================
See accompanying notes to financial statements. 3 Volt Information Sciences, Inc. Savings Plan Statements of Changes in Net Assets Available for Benefits
Year ended December 31 2008 2007 ------------------------------------------ Additions to net assets attributed to: Investment income: Interest and dividend income $ 1,005,760 $ 4,347,806 Net depreciation in fair value of investments (37,729,551) (10,806,544) ------------------------------------------ Total investment loss (36,723,791) (6,458,738) ------------------------------------------ Contributions: Participant 14,886,442 13,258,460 Employer 2,972,884 2,321,116 ------------------------------------------ Total contributions 17,859,326 15,579,576 ------------------------------------------ Total additions (net of investment losses) (18,864,465) 9,120,838 ------------------------------------------ Deductions to net assets attributed to: Benefits paid to participants 8,578,853 9,850,193 Transfers from plan 9,353,295 - Other deductions 17,975 11,875 ------------------------------------------ Total deductions 17,950,123 9,862,068 ------------------------------------------ Net (decrease) (36,814,588) (741,230) Net assets available for benefits at beginning of year 116,630,444 117,371,674 ------------------------------------------ Net assets available for benefits at end of year $ 79,815,856 $ 116,630,444 ==========================================
See accompanying notes to financial statements. 4 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements December 31, 2008 and 2007 A. Plan Description The Volt Information Sciences, Inc. Savings Plan (the "Plan"), as amended and restated, was adopted by the Board of Directors of Volt Information Sciences, Inc. ("Volt" or the "Company") on September 29, 1980. It is a defined contribution savings plan in which eligible employees of the Company can participate. The Plan consists of employee 401(k) contributions, and employer contributions. In January 2000, the Volt Information Sciences, Inc. Employees' Stock Ownership Plan ("ESOP") was merged into the Plan. In connection therewith, all of the ESOP assets were transferred into the Plan. All ESOP benefit accruals were frozen and all accounts became fully vested, effective January 1, 2000. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). A brief description of certain provisions of the Plan agreement is as follows. A more detailed description of the Plan provisions is maintained in the Plan Document. Eligibility: Employees become eligible on their first day of employment, except as outlined in the Plan Document. Participant Contributions: Effective May 2007, new employees were automatically enrolled in the plan with a 3% contribution, with a thirty day grace period to opt out. Participants have the option of contributing up to 60% of base compensation, up to the Internal Revenue Service maximum or Plan limitations, which is not currently taxable to the employee, into any of the Plan's available core fund options. Participants who have reached age 50 on or before December 31 and who have already contributed the maximum, may elect to make a catch-up contribution up to the Internal Revenue Service maximum. Employer Contributions: The Company provides a matching contribution equal to 50% of the first 3% of salary contributions by eligible participants. These contributions are made semi-annually. Company matching contributions vest at a rate of 20% per year over a five-year period. The forfeited portion of an account of an employee who leaves employment with VIS without being fully vested may be used to reduce future employer contributions. At December 31, 2008 and 2007, the balance of unused forfeitures was $616,394 and $474,244, respectively. 5 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) A. Plan Description (continued) Rollover Contributions: The Plan permits the acceptance of rollover contributions upon approval of the Company. Rollover contributions generally consist of lump-sum distributions received by a participant from a qualified retirement plan, an individual retirement account or individual retirement annuity. Rollover contributions are included in participant contributions in the statements of changes in net assets available for benefits. Investments: Upon enrollment or re-enlistment and on a daily basis thereafter, each participant can direct that his or her contributions and the Company matching contribution be invested in one or more of the available core funds. In addition, participants have the option to participate in a self-directed account and may invest up to 50% of their total account balance in mutual funds outside of the core funds. Payment of Benefits: Participants may make a withdrawal from any of their vested accounts at any time on or after attaining age 59 1/2. If a participant terminates service with the Company, the participant can request a distribution of their vested account balance at any time. Benefits are recorded when paid. The Plan has a loan provision which permits participating employees to borrow from their 401(k) contribution account. The maximum loan is 50% of the participant's account balance, up to $50,000. The loan, together with interest, is repaid through payroll deductions. Interest is credited to the participant's account. The interest rate is the prime rate plus 1% at the time the loan is processed. Although it has not expressed any intent to do so, the Company has the right to terminate the Plan subject to the provisions of ERISA. Upon such termination, participants become 100% vested and Plan assets will be distributed to participants based on their individual account balances. B. Significant Accounting Policies The financial statements of the Plan are prepared on the accrual basis of accounting. Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date. See note D for discussion of fair value measurements. 6 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) B. Significant Accounting Policies (continued) As described in Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and SOP 94-4-1, "Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans" (the "FSP"), investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. The Plan invests in investment contracts through collective trust funds. As required by the FSP, the Statements of Net Assets Available for Benefits presents the fair value of the investment in the collective trusts as well as the adjustment of the investment in the collective trusts from fair value to contract value relating to the investment contracts. The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for benefits. Costs and expenses incurred with regard to the administration of the Plan may be paid by the Plan. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates. C. Investments The Company, with the approval of the Board of Directors, changed the trustee of the Plan from Bank of New York Mellon to Charles Schwab. In May 2007, the assets, excluding the investment in the Mellon Stable Value Fund, were transferred to the new trustee. The investment in the Mellon Stable Value Fund was transferred to the new trustee over a nine-month period beginning May 2007. During this transition period, the Mellon Stable Value Fund and the Schwab Stable Value Fund were combined into a blended fund called the Volt Unitized Stable Value Fund. In April 2008, the Volt Unitized Stable Fund was removed from the plan and the assets were transferred to the Schwab Stable Value Fund. 7 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) C. Investments (continued) The fair value of investments held by the Plan as of December 31, 2008 and 2007 were as follows:
Investments at fair value December 31 2008 2007 ------------------------------------------ Common/Collective Trusts: Schwab Managed Retirement 2010 $ 1,793,177 $ 2,995,423 Schwab Managed Retirement 2020 2,076,486 3,196,632 Schwab Managed Retirement 2030 2,112,238 2,509,812 Schwab Managed Retirement 2040 1,113,802 1,174,913 Schwab Managed Retirement 2050 554,094 233,108 Schwab Managed Retirement Inc 443,748 230,238 Schwab Stable Value Fund (1) 18,282,076* 8,762,817* Mellon Stable Value Fund (1) - 6,242,174* Mutual Funds: Alger Small Cap Growth Fund 1,791,195 3,578,825 American Beacon Large Cap Value Fund 2,140,993 3,950,280 Davis New York Venture Fund 1,211,748 1,378,432 Goldman Sachs Mid-Cap Value Fund 8,545,203* 16,626,638* Laudus International Market Masters Fund 4,913,157* 10,304,889* Morgan Stanley Mid Cap Growth Fund 1,306,324 2,596,016 Northern Small Cap Value Fund 906,068 585,165 Schwab S&P 500 Index Fund 13,389,625* 23,612,213* T Rowe Price Growth Stock Fund 1,793,865 2,231,381 Western Asset Core Plus Port Fund 6,467,680* 7,319,201* Volt Information Sciences, Inc. Common Stock Fund 4,942,724* 13,301,977* Self-directed accounts 861,640 884,156 Participant loans 2,546,496 3,335,055 ------------------------------------------ Total investments $ 77,192,339 $ 115,049,345 ==========================================
*Individual investment representing 5% or more of net assets available for benefits. (1) In 2007, these funds were components of the Volt Unitized Stable Value Fund. In April 2008, the Volt Unitized Stable Value Fund was removed from the plan and the assets were transferred to the Schwab Stable Value Fund. 8 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) C. Investments (continued) During the years ended December 31, 2008 and 2007, the Plan's investments (including investments purchased, sold and held during the year) depreciated in fair value as follows:
December 31 2008 2007 ----------------------------------------- Mutual funds $ (27,387,806) $ (717,700) Volt Information Sciences, Inc. Common Stock Fund (7,571,931) (10,500,320) Common/Collective trusts (2,769,814) 411,476 ----------------------------------------- Net change in fair value $ (37,729,551) $ (10,806,544) =========================================
The following table details information about the net assets and the significant components of the changes in net assets relating to the Volt Information Sciences, Inc. Common Stock Fund, which until March 31, 2007 included both participant and non-participant directed amounts.
December 31 2007 ------------------ Additions Investment income: Interest, dividend and other income $ 1,527 Net (depreciation) appreciation in fair value (10,500,320) Participant contributions 835,151 Employer contributions 140,380 Transfers from (to) other investment funds, net 26,577 ------------------ (9,496,685) Deductions Benefits paid to participants 819,283 Other deductions 659 ------------------ Net (decrease) increase (10,316,627) Net assets available for benefits at beginning of year 23,729,752 ------------------ Net assets available for benefits at end of year $ 13,413,125 ==================
9 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) D. Fair Value Measurements Effective January 1, 2008, the Plan adopted Statement of Financial Accounting Standard ("SFAS") No. 157, "Fair Value Measurements" for certain financial assets and liabilities. This standard establishes a framework for measuring fair value and requires enhanced disclosures about fair value measurements. SFAS 157 clarifies that fair value is an exit price, representing the amount that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. SFAS 157 also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The statement requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Quoted prices in active markets for similar assets and liabilities, quoted prices for identically similar assets or liabilities in markets that are not active and models for which all significant inputs are observable either directly or indirectly. Level 3: Unobservable inputs reflecting the reporting entity's own assumptions or external inputs for inactive markets. The asset or liability's fair value measurement level within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2008. Common Stocks Fund: Valued at the closing price reported on the active market on which the individual securities are traded. Common/Collective Trusts: Valued at the net asset value per unit as reported by the respective funds. Mutual funds: Valued at the net asset value (NAV) of shares held by the Plan as reported on the active market at year end. Participant loans: Valued at amortized cost, which approximate fair value. 10 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) D. Fair Value Measurements (continued) The preceding methods described may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value as of December 31, 2008:
Level 1 Level 2 Level 3 Total ------------------------------------------------------------------------------------ Volt Common Stock Fund $ 4,942,724 - - $ 4,942,724 Mutual funds 43,327,498 - - 43,327,498 Common/Collective trusts - $ 26,375,621 - 26,375,621 Participant loans - - $ 2,546,496 2,546,496 ------------------------------------------------------------------------------------ Total assets at fair value $ 48,270,222 $ 26,375,621 $ 2,546,496 $ 77,192,339 ====================================================================================
The following table sets forth a summary of changes in the fair value of the Plan's level 3 assets for the year ended December, 31, 2008:
Participant Loans ------------------ Balance, beginning of year $ 3,335,055 Realized gains (losses) - Unrealized gains (losses) - Purchases, sales, issuances and settlements (net) (788,559) ------------------ Balance, end of year $ 2,546,496 ==================
11 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) E. Tax Status The Plan has received a determination letter from the Internal Revenue Service dated October 7, 2008, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the "Code") and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. Once qualified, the Plan is required to operate in conformity with the Code to maintain its qualified status. The Plan Administrator believes that the Plan is being operated in compliance with the applicable requirements of the Code and therefore believes the Plan, as amended, is qualified and the related trust is tax-exempt. F. Reconciliation of Financial Statements to Form 5500 The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500:
December 31 2008 2007 ---------------------------------------- Net assets available for benefits per the financial statements $ 79,815,856 $ 116,630,444 Less: contract value adjustment (887,554) (7,141) Less: amounts allocated to withdrawing participants (279,011) (268,959) ---------------------------------------- Net assets available for benefits per the Form 5500 $ 78,649,291 $ 116,354,344 ========================================
The following is a reconciliation of benefits paid to participants per the financial statements to the Form 5500 for the year ended December 31, 2008:
Benefits paid to participants per the financial statements $ 8,578,853 Add: amounts allocated to withdrawing participants at year-end 279,011 Less: amounts allocated to withdrawing participants at prior year-end (268,959) ------------------ Benefits to participants per the Form 5500 $ 8,588,905 ==================
Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims to have been processed and approved for payment prior to the Plan year-end but not yet paid as of that date. 12 Volt Information Sciences, Inc. Savings Plan Notes to Financial Statements (continued) F. Reconciliation of Financial Statements to Form 5500 (continued) Fully benefit-responsive investment contracts are recorded at fair value on Form 5500 and contract value is recognized in net assets available for benefits in the financial statements. Consequently, the reported net asset values on Form 5500 and in the financial statements will differ and total additions in the financial statements may differ from the total income reported on the Form 5500. H. Transfers from Plan In September 2008, the Company sold the net assets of its directory systems and services business and its North American telephone directory publishing operations. As a result, the terminated employees' account balances were transferred to the successor company's savings plan. I. Related-Party Transactions Certain Plan investments are shares of mutual funds managed by Charles Schwab. Charles Schwab is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions. J. Subsequent Event In January 2009, the Company reduced the matching contribution to equal to 50% of the first 2% of salary contributions by eligible participants. In June 2009, the Dreyfus Bond Market Index Fund was added as an additional fund option. 13 EIN: #13-5658129 Plan: #001 Volt Information Sciences, Inc. Savings Plan Schedule H, Line 4(i)--Schedule of Assets (Held at End of Year) December 31, 2008
Description Units/Shares Current Value - ------------------------------------------------------------------------------------------------------------------ Schwab Managed Retirement 2010* 146,741 $ 1,793,177 Schwab Managed Retirement 2020* 170,204 2,076,486 Schwab Managed Retirement 2030* 172,287 2,112,238 Schwab Managed Retirement 2040* 92,126 1,113,802 Schwab Managed Retirement 2050* 89,370 554,094 Schwab Managed Retirement Inc* 43,935 443,748 Alger Small Cap Growth Fund 116,161 1,791,195 American Beacon Large Cap Value Fund 163,310 2,140,993 Davis New York Venture Fund 51,302 1,211,748 Goldman Sachs Mid-Cap Value Fund 387,362 8,545,203 Laudus International MarketMasters Fund 449,923 4,913,157 Morgan Stanley Mid Cap Growth Fund 76,393 1,306,324 Northern Small Cap Value Fund 86,128 906,068 Schwab S&P 500 Index Fund* 963,976 13,389,625 T Rowe Price Growth Stock Fund 93,821 1,793,865 Schwab Stable Value Fund 1,058,587 18,282,076 Western Asset Core Plus Port Fund 745,124 6,467,680 Personal Choice Retirement (1) 861,640 Volt Information Sciences, Inc Common Stock Fund* (2) 683,641 4,942,724 Participants loans** 2,546,496 2,546,496 -------------- $ 77,192,339 ==============
* Indicates party-in-interest to the Plan. ** All loans mature within 10 years; interest rates range from 4.25% to 10.5%. (1) Personal Choice Retirement, the participants' self-directed accounts, consists of various investments. (2) Cost $9,988,311 The "Cost" column is not applicable because all investment programs are fully participant directed. 14 Volt Information Sciences, Inc. Savings Plan SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Administrators have duly caused this annual report to be signed by the undersigned thereunto duly authorized. VOLT INFORMATION SCIENCES, INC. SAVINGS PLAN ------------------------------- By: /s/Jack Egan ------------------------------------ Jack Egan, Administrator Date: June 25, 2009 15 EX-23.1 2 a5994951ex23-1.txt EXHIBIT 23.1 Volt Information Sciences, Inc. Savings Plan Consent of Independent Registered Public Accounting Firm We consent to the incorporation by reference in Registration Statements (Form S-8 No. 333-45903, No. 333-106245, and No. 333-152661) pertaining to the Volt Information Sciences, Inc. Savings Plan of our report dated June 25, 2009, with respect to the financial statements and supplemental schedule of the Volt Information Sciences, Inc. Savings Plan included in this Annual Report (Form 11-K) for the year ended December 31, 2008. /s/Mitchell & Titus, LLP New York, New York June 25, 2009 16 -----END PRIVACY-ENHANCED MESSAGE-----