-----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, IhmQZUS6rJdhZDkwGfJgxjZ+1mXcsxsnsziGHurZwAQe8NEDApaS5V2ptjzMesUK 9H29cErOLNjxJkT/jjSiXw== 0001047469-03-020538.txt : 20030604 0001047469-03-020538.hdr.sgml : 20030604 20030604163302 ACCESSION NUMBER: 0001047469-03-020538 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030604 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER HORIZONS CORP CENTRAL INDEX KEY: 0000023019 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 132638902 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07282 FILM NUMBER: 03732816 BUSINESS ADDRESS: STREET 1: 49 OLD BLOOMFIELD AVE CITY: MOUNTAIN LAKES STATE: NJ ZIP: 07046-1495 BUSINESS PHONE: 9732994000 MAIL ADDRESS: STREET 1: 49 0LD BLOOMFIELD AVE CITY: MOUNTAIN LAKES STATE: NJ ZIP: 07046-1495 8-K 1 a2112537z8-k.htm FROM 8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 4, 2003

Computer Horizons Corp.
(Exact name of registrant as specified in its charter)

New York
(State or other jurisdiction
of incorporation or organization)
  0-7282
(Commission
File Number)
  13-2638902
IRS Employer
Identification No.)


49 Old Bloomfield Avenue
Mountain Lakes, New Jersey 07046-1495
(Address of principal executive offices)

Registrant's telephone number, including area code: (973) 299-4000

(Former name or former address, if changed since last report)





Item 5—Other Events and Required FD Disclosure

        1.    On June 4, 2003, Computer Horizons Corp. (the "Company") issued a press release announcing that it reconvened its annual meeting and seated a slate of six directors, consisting of four incumbent directors and two directors proposed by a dissident shareholder. At the same time, the Company announced that it is moving ahead on legal proceedings challenging the outcome of the annual meeting vote. The Company also reported that the shareholders had approved an amendment to its by-laws so as to permit shareholders holding 10% or more of the Company's stock to call a special meeting of shareholders; ratified the selection of Grant Thornton LLP as the Company's independent auditors; approved an amendment to the Company's 1991 Directors Stock Option Plan; ratified the issuance of 903,404 Company shares under the Company Employee Stock Purchase Plan and approved a further amendment thereto to reserve an additional 3,500,000 shares (inclusive of the 903,404 shares).


Item 7—Financial Statements, Pro Forma Financial Information and Exhibits.

    (a)
    Not applicable.

    (b)
    Not applicable.

    (c)
    Exhibits

    99.1
    Press Release of Computer Horizons Corp. (the "Company") dated June 4, 2003 announcing that it reconvened its annual meeting and, among other things, seated a slate of six directors, consisting of four incumbent directors and two directors proposed by a dissident shareholder. At the same time, the Company announced that it is moving ahead on legal proceedings challenging the outcome of the annual meeting vote.

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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, hereto duly authorized.

Dated: June 4, 2003        
    COMPUTER HORIZONS CORP.

 

 

By:

 

/s/  
WILLIAM J. MURPHY      
William J. Murphy
Chief Executive Officer and President

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SIGNATURES
EX-99.1 3 a2112537zex-99_1.htm EXHIBIT 99.1
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GRAPHIC

FOR IMMEDIATE RELEASE

CONTACT:   Michael Shea, CFO
David Reingold, Senior Vice President
Computer Horizons Corp.
(973) 299-4000
  Investors:   Lauren Felice
RF Binder Partners
(212) 994-7541
lauren.felice@rfbinder.com
    mshea@computerhorizons.com
dreingol@computerhorizons.com
  Media:   Kate Rothen
RFBinder Partners
(212) 994-7537
kate.rothen@rfbinder.com


COMPUTER HORIZONS RECONVENES ANNUAL MEETING

Company Seats Board of Directors; Continues Court Challenge of Shareholder Vote

        Mountain Lakes, New Jersey, June 4, 2003—Computer Horizons Corp. (Nasdaq: CHRZ), a strategic human capital management and professional services company, today reconvened its annual meeting and, according to the shareholder vote certified by the Inspectors of Election, IVS Associates, seated a slate of six directors. The slate includes four incumbent directors—William M. Duncan, Earl L. Mason, William J. Marino, William J. Murphy, and two directors proposed by a dissident shareholder Karl L. Meyer and Robert A. Trevisani.

        At the same time, the Company announced that it is moving ahead on legal proceedings challenging the outcome of the annual meeting vote.

        The New York State Supreme Court has set a date of June 11, 2003 to hear argument relating to the validity of the results of the election of directors. The Company has also filed a Notice of Appeal with the United States Court of Appeals for the Third Circuit, in a separate action to set aside the election of directors.

        William J. Murphy, president and CEO of Computer Horizons, stated, "While legal proceedings are still undetermined, we feel it is only proper to seat the entire Board according to the certified vote count, so that we may move ahead with our business activities. We do so in anticipation of the continued support and encouragement of the Board, and with confidence that we are on the right track towards the resumption of profitability and growth of the Company."

        The Company also reported that the shareholders had approved an amendment to the Company's by-laws so as to permit shareholders holding 10% or more of the Company's stock to call a special meeting of shareholders; ratified the selection of Grant Thornton LLP as the Company's independent auditors; approved an amendment to the Company's 1991 Directors Stock Option Plan; ratified the issuance of 903,404 Company shares under the Company Employee Stock Purchase Plan and approved a further amendment thereto to reserve an additional 3,500,000 shares (inclusive of the 903,404 shares).

About Computer Horizons Corp.

        Computer Horizons Corp. (Nasdaq: CHRZ) is a strategic human capital management and professional services company with more than thirty years of experience, specifically in information technology. As a global leader in systems integration and managed services, Computer Horizons



enables companies to maximize technology investments. By leveraging its core business in IT services and its proprietary technology through Chimes, its wholly-owned subsidiary, Computer Horizons is enabling its Global 2000 customer base to align and integrate business planning with human resource management across an enterprise's business functions. For more information on Computer Horizons, please visit our Web site at www.computerhorizons.com.

        Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995) that involve a number of risks and uncertainties. It is possible that the assumptions made by management—including, but not limited to, those relating to contract awards, service offerings, market opportunities, results, performance expectations, expectations of cost savings, or proceeds from sale of certain operations—may not materialize.

        Actual results may differ materially from those projected or implied in any forward-looking statements. In addition to the above factors, other important factors include the risks associated with unforeseen technical difficulties, the ability to meet customer requirements, market acceptance of service offerings, changes in technology and standards, the ability to complete cost-reduction initiatives, the ability to execute the sale of certain operations or other initiatives, dependencies on key employees, customer satisfaction, availability of technical talent, dependencies on certain technologies, delays, market acceptance and competition, as well as other risks described from time to time in the Company's filings with the Securities and Exchange Commission, press releases, and other communications.

###

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COMPUTER HORIZONS RECONVENES ANNUAL MEETING Company Seats Board of Directors; Continues Court Challenge of Shareholder Vote
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