-----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, KQ3rTE1+DgoF7zBuxx3vQ7FOzrzOqLnMIPftyhazwPxCB0eVjiQL4VyNmJwyonT6 zQ1ap8cw/3u9gO4ap2O/4g== 0001015402-03-002055.txt : 20030519 0001015402-03-002055.hdr.sgml : 20030519 20030519120114 ACCESSION NUMBER: 0001015402-03-002055 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030516 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DA CONSULTING GROUP INC CENTRAL INDEX KEY: 0001051209 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 760418488 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24055 FILM NUMBER: 03710022 BUSINESS ADDRESS: STREET 1: ONE EXETER PLAZA, FOURTH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 6173752800 MAIL ADDRESS: STREET 1: ONE EXETER PLAZA STREET 2: FOURTH FLOOR CITY: BOSTON STATE: MA ZIP: 02116 8-K 1 doc1.txt 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): May 16, 2003 DA CONSULTING GROUP, INC. ------------------------- (Exact name of registrant as specified in its charter) TEXAS 00-24055 76-0418488 (State or Other Jurisdiction (Commission (I.R.S. Employer of Incorporation) File Number) Identification No.) 5847 SAN FELIPE ROAD, SUITE 1100 HOUSTON, TEXAS 77057 (Address of principal executive offices) (713) 361-3000 (Registrant's telephone number, including area code) ITEM 5. OTHER EVENTS. On May 16, 2003, DA Consulting Group, Inc. (DACG) announced that it is involved in negotiations with another company regarding the possible sale of DACG. DACG's working capital position has been adversely affected by the current business environment. ITEM 7. EXHIBITS. Exhibit 99.1 Press Release 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 hereunto duly authorized. DA CONSULTING GROUP, INC. Date: May 16, 2003 By: /s/ Dennis Fairchild ------------------------------ Dennis Fairchild Chief Financial Officer, Executive Vice President, Secretary and Treasurer EX-99.1 3 doc2.txt HOUSTON-- (BUSINESSWIRE)- May 16 2003--DA Consulting Group Inc. (NASDAQ: DACG - news), a global consulting firm specializing in corporate knowledge services, has entered into negotiations regarding the possible sale of DACG due to its difficult working capital position. The current business environment has caused a decline in DACG's revenues during the first quarter of 2003, which has adversely impacted DACG's working capital position. In addition, during the second quarter of 2003, DACG has not been able to consistently maintain compliance with its Europe-based financing agreement, which has also impacted DACG's iquidity. DACG believes its current working capital to be inadequate for the Company's future operations. In light of these circumstances, DACG has entered into negotiations regarding the possible sale of DACG. As part of these negotiations, DACG is seeking interim financing in order to bridge the period between signing a letter of intent regarding this potential transaction and its consummation. However, DACG can give no assurances that such a letter will be entered into, that the interim financing will be provided, or that a transaction will occur. In the event that a transaction does not occur, DACG would need to obtain other financing to continue in operation. DACG can give no assurances that such financing can be obtained. The failure to obtain any such financing would have a material adverse effect on DACG's ability to continue in operation. DACG has also requested a waiver under its Europe-based financing agreement until a transaction is completed, but DACG can give no assurances that the waiver will be obtained, or if obtained, for how long it will be in effect. Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. ABOUT DA CONSULTING GROUP (DACG) DACG specializes in solutions that support and empower employees who face complex enterprise transformations. These solutions, which address a broad spectrum of needs, comprise a combination of change communication, business process mapping, documentation and learning content development, end-user training or performance support geared to the specific staff and more general business need. For more than 18 years DA Consulting Group has worked with some of the most progressive and dynamic businesses in the world helping their people overcome the challenges of change in the most engaging and effective manner. DA Consulting Group's solutions place the employee at the center of the project to ensure that all aspects of the solution delivered are geared towards meeting that individual's needs thereby serving the strategic ambitions of the business. For Further Information, please contact: DA Consulting Group Inc. (DACG) - Houston Dennis Fairchild email: mailto:dennis.fairchild@dacg.com -------------------------------- phone: 713-361-3000 www.dacg.com # # # -----END PRIVACY-ENHANCED MESSAGE-----