0001014108-14-000007.txt : 20140122 0001014108-14-000007.hdr.sgml : 20140122 20140122162620 ACCESSION NUMBER: 0001014108-14-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140115 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140122 DATE AS OF CHANGE: 20140122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANAGEMENT NETWORK GROUP INC CENTRAL INDEX KEY: 0001094814 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MANAGEMENT CONSULTING SERVICES [8742] IRS NUMBER: 481129619 FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-34006 FILM NUMBER: 14540534 BUSINESS ADDRESS: STREET 1: 7300 COLLEGE BLVD., STE 302 CITY: OVERLAND PARK STATE: KS ZIP: 66210 BUSINESS PHONE: 9133459315 MAIL ADDRESS: STREET 1: 7300 COLLEGE BLVD., STE 302 CITY: OVERLAND PARK STATE: KS ZIP: 66210 8-K 1 tmng-form8k_jan222014.htm FORM 8-K tmng-form8k_jan222014.htm


 
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):  January 15, 2014

The Management Network Group, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation)
001-34006
 (Commission
File Number)
48-1129619
(I.R.S. Employer
Identification No.)

7300 College Boulevard, Suite 302
Overland Park, Kansas 66210
 (Address of principal executive office)(Zip Code)

(913) 345-9315
 (Registrant's telephone number, including area code)

Not Applicable
(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 (17 CFR 230.425)
 
¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-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 5.02             Departure of Directors or Certain Officers; Election of Directors; Appointment ofCertain Officers; Compensatory Arrangements of Certain Officers.

(b) On January 21, 2014, Andrew D. Lipman resigned from the Board of Directors of The Management Network Group, Inc. (the "Company") effective immediately.  Mr. Lipman had no disagreements with the Company regarding any matter related to the Company's operations, policies or practices.

(c)(1)  On January 15, 2014, the Company’s Board of Directors appointed Susan Simmons to serve as the Company’s Chief Operating Officer.  Ms. Simmons was most recently Senior Vice President and Managing Director of the Company’s CSMG strategy practice.

(2) The information required by Items 401(b), (d) and (e) and 404(a) of Regulation S-K regarding Ms. Simmons is contained in the Company's Proxy Statement filed with the Securities and Exchange Commission on April 29, 2013 under the captions "Executive Officers" and "Certain Relationships and Related Transactions" and is incorporated by reference herein.

(3) Ms. Simmons did not enter into any material plan, contract or arrangement or any material amendment thereto, or receive any grant or award under any such plan, contract or arrangement, in connection with her change in officer status as described above.

Item 7.01             Regulation FD Disclosure.
 
On January 22, 2014, the Company issued a press release announcing the officer appointment described under Item 5.02(c) above.  The press release is furnished with this Current Report on Form 8-K as Exhibit 99.1.
 
The information in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth in such filing.

Item 9.01             Financial Statements and Exhibits.
 
Exhibit No.                                Description
 
 
      99.1
      Press Release dated January 22, 2014

 
 
 
 

 
 
 
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.


 
THE MANAGEMENT NETWORK GROUP, INC.
   
     
 
By:
/s/ Donald E. Klumb
   
Donald E. Klumb
Chief Executive Officer, President and Chief Financial Officer

Date: January 22, 2014
 
 
 
 

 
 
EXHIBIT INDEX
 
Exhibit Number
 
Description
99.1
 
Press Release dated January 22, 2014
EX-99.1 2 tmng-ex991toform8k.htm EXHIBIT 99.1 - PRESS RELEASE tmng-ex991toform8k.htm



 
CONTACT:
 
Brainerd Communicators
Ray Yeung (Media)
yeung@braincomm.com
Corey Kinger (Investors)
kinger@braincomm.com
212.986.6667


TMNG GLOBAL REFINES ITS ORGANIZATIONAL STRUCTURE AND APPOINTS SUSAN SIMMONS CHIEF OPERATING OFFICER

Company Integrates Business Units into Single Organization

Overland Park, KS – January 22, 2014 – TMNG Global (Nasdaq: TMNG), a premier provider of professional services and technical solutions to the global leaders in the communications, digital media, and technology industries, today announced that it has named Susan Simmons as Chief Operating Officer.  In this position, in addition to being the head of corporate strategy, she is responsible for leading the Company’s global consulting and technical delivery teams, as well as managing all sales support and product management functions.  Ms. Simmons was most recently Senior Vice President and Managing Director of the Company’s CSMG strategy practice.

The appointment is being made in conjunction with a broader initiative to better align the Company’s go-to-market and service delivery capabilities. Under the new corporate structure, TMNG has collapsed its business units and is now organized as a more integrated firm with separation of sales and delivery functions designed to increase focus and accountability and to maximize opportunities in serving telecommunications, media and technology customers.  Sales teams are now organized around client accounts regionally, focused on UK/Europe and North America, with delivery teams also being connected globally to maximize intellectual property creation and sharing.

Donald Klumb, Chief Executive Officer of TMNG Global, noted, “We have reached a major milestone in TMNG’s corporate transformation efforts to optimize our consulting and expand the technology solutions businesses. Over the past year, we have been collaborating far more extensively across business units, and we have now formalized our efforts, tearing down the business unit walls and assigning new leadership functions designed to increase focus, efficiency and accountability and to maximize opportunities with our clients.”
 
 
 
 

 

 
“TMNG has made significant strides over the past two years in redefining our strategy, innovating our offerings and becoming a more team-based and collaborative company. I look forward to managing the global delivery team as we further our efforts to evolve our business model and to continue to generate positive return on investment for our TMT customers,” said Susan Simmons, Chief Operating Officer.

About TMNG Global
TMNG Global (NASDAQ: TMNG) is a premier provider of professional services and technical solutions to the global leaders in the communications, digital media, and technology industries.  TMNG Global and its divisions, CSMG and Cartesian, and a team of approximately 500 experts, provide strategy, operations and technology consulting services and technical solutions to more than 1,200 communications clients worldwide.  The company is headquartered in Overland Park, Kansas, with offices in Boston, London, New Jersey, and Washington, D.C. For more information about the Company and its services, visit www.tmng.com.

Cautionary Statement Regarding Forward Looking Information

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  In particular, any statements that do not relate to historical or current facts constitute forward-looking statements, including any statements contained herein regarding expectations with respect to the Company’s future business, financial condition and results of operations.  Forward-looking statements are subject to known and unknown risks, uncertainties, and contingencies, many of which are beyond the Company’s control, which may cause actual results, performance, or achievements to differ materially from those projected or implied in such forward-looking statements.  Factors that might affect actual results, performance, or achievements include, among other things, our ability to successfully complete and implement the proposed strategic partnership; conditions in the telecommunications industry, overall economic and business conditions (including the current economic slowdown), the demand for the Company’s services (including the slowing of client decisions on proposals and project opportunities along with scope reduction of existing projects), the level of cash and non-cash expenditures incurred by the Company, technological advances and competitive factors in the markets in which the Company competes, and the factors described in this press release and in The Management Network Group’s filings with the Securities and Exchange Commission, including the risks described in its periodic reports filed with the SEC, including, but not limited to, “Cautionary Statement Regarding Forward Looking Information” under Part I of its Annual Report on Form 10-K for the fiscal year ended December 29, 2012 and subsequent periodic reports containing updated disclosures of such risks. These filings are available at the SEC’s web site at www.sec.gov. Any forward-looking statements made in this release speak only as of the date of this release. TMNG Global does not intend to update these forward-looking statements and undertakes no duty to any person to provide any such update under any circumstances.



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