-----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, ItgkvNW5sWhC+LyoE8fDmvJfTTWkjA/CAzWw2iUkumlbrMTlMCYNKo4Ct78fL4BU lvNV+m2BSqTqZwmv9QfYCw== 0001104659-05-041299.txt : 20050825 0001104659-05-041299.hdr.sgml : 20050825 20050825143851 ACCESSION NUMBER: 0001104659-05-041299 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050823 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050825 DATE AS OF CHANGE: 20050825 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: 051048516 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 a05-15291_28k.htm 8-K

 

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 –  August 23, 2005
(Date of Earliest Event Reported)

 

COMPUTER HORIZONS CORP.

(Exact name of registrant as specified in its charter)

 

New York

 

0-7282

 

13-2638902

(State or other jurisdiction

 

(Commission

 

(IRS Employer Identification No.)

of incorporation or organization)

 

File Number)

 

 

 

 

 

 

 

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)

 

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:

 

ý  Written communication 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 8.01

 

Other Events.

 

On August 23, 2005, Computer Horizons Corp. (“CHC” or the “Company”) was served with an Order to Show Cause and Verified Complaint in connection with a legal action commenced in the Supreme Court of the State of New York, County of New York, by Crescendo Partners II, L.P., Series R., one of the Company’s shareholders (“Crescendo”), seeking, among other things, a temporary restraining order preventing the consummation of the previously announced proposed merger between a subsidiary of the Company and Analysts International Corporation.  The Order to Show Cause further seeks the confirmation and announcement of the record date and the date, time and place of a special meeting (unrelated to the proposed merger) requested by Crescendo in a letter to the Company, dated August 2, 2005. The Court denied Crescendo’s request for a temporary restraining order and set a hearing for August 30, 2005 to determine whether an injunction should issue.

 

CHC has previously announced that on April 12, 2005, it entered into an Agreement and Plan of Merger with JV Merger Corp., a Minnesota corporation and its own wholly-owned subsidiary (the “Sub”), and Analysts International Corporation, a Minnesota corporation (“Analysts”) pursuant to the terms of which Sub will be merged with and into Analysts and each issued and outstanding share of common stock, par value $.10 per share, of Analysts (other than shares held of record by CHC, Sub, Analysts and any of their subsidiaries) shall be converted into the right to receive 1.15 fully paid and nonassessable shares of CHC’s common stock, par value $.10 per share.  As previously disclosed, completion of the merger is subject to various conditions, including approval by the shareholders of each company to be sought at a special meeting of each company’s shareholders scheduled for September 2, 2005 and other customary closing conditions. Also as previously disclosed, Crescendo is soliciting proxies in opposition to the proposed merger.

 

The legal action and the results of the court appearance were announced in a press release issued by the Company on August 24, 2005, which release is set forth in Exhibit 99.1 attached hereto and is incorporated herein by reference.

 

Item 9.01

 

Financial Statements and Exhibits.

 

 

 

(c)

 

Exhibits.

 

Exhibit Number

 

Description

 

 

 

99.1

 

Press release dated August 24, 2005

 

2



 

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.

 

Dated: August 24, 2005

 

 

 

 

 

 

COMPUTER HORIZONS CORP.

 

 

 

 

 

By:

/s/ William J. Murphy

 

 

 

William J. Murphy

 

 

Chief Executive Officer

 

3


EX-99.1 2 a05-15291_2ex99d1.htm EX-99.1

Exhibit 99.1

 

 

FOR IMMEDIATE RELEASE

 

NY SUPREME COURT DENIES CRESCENDO’S PLEA FOR INJUNCTIVE RELIEF

 

MOUNTAIN LAKES, N.J., August 24, 2005 – Computer Horizons Corp. (Nasdaq: CHRZ), today announced that the Supreme Court for the State of New York denied Crescendo Partners’ request for an immediate injunction to block the consummation of Computer Horizons’ proposed merger with Analysts International (Nasdaq: ANLY), and set a hearing date for August 30, 2005.

 

William J. Murphy, President and CEO of Computer Horizons, commented, “We believe this lawsuit is without merit and is a desperate, last-minute attempt by the dissident group to stop a strategically sound merger that was announced four months ago, and to seize control of our company without paying a premium to shareholders.  It is also a clear sign that the dissidents believe they do not have enough support for their proxy campaign and must now resort to preventing the voices of our shareholders from being heard at the special meeting of shareholders on September 2nd.  We are working vigorously to defend our company and the rights of our shareholders.”

 

About Computer Horizons Corp.

Computer Horizons Corp. (‘CHC’) (NASDAQ: CHRZ) provides professional information technology (IT) services to a broad array of vertical markets, such as financial services, healthcare, pharmaceutical, telecom, consumer packaged goods, as well as the federal government, through its wholly-owned subsidiary, RGII Technologies, Inc.

 

CHC’s wholly-owned subsidiary, Chimes, uses its proprietary technology to enable 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, visit www.computerhorizons.com.

 

This communication contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,”“plan,” “potential,” “continue” or similar expressions. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. All forward-looking statements included in this communication are based on information available to Computer Horizons and Analysts on the date hereof. Computer Horizons and Analysts undertake no obligation (and expressly disclaim any such obligation) to update forward-looking statements made in this communication to reflect events or circumstances after the date of this communication or to update reasons why actual results would differ from those anticipated in such forward-looking statements.

 

Computer Horizons Corp. has filed with the Securities and Exchange Commission a registration statement on Form S-4 and Computer Horizons Corp. and Analysts International Corporation has filed with the Commission a related joint proxy statement/prospectus in connection with the merger transaction involving Computer Horizons and Analysts International.  INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND RELATED JOINT PROXY STATEMENT/ PROSPECTUS REGARDING THE PROPOSED MERGER BECAUSE IT CONTAINS IMPORTANT INFORMATION ABOUT THE MERGER TRANSACTION.  Investors and security holders may obtain a free copy of the joint proxy statement/prospectus and other documents filed by Computer Horizons Corp. and Analysts International Corporation with the Securities and Exchange Commission at the Securities and Exchange Commission’s web site at http://www.sec/gov.  Free copies of the joint proxy statement/prospectus and other documents may also be obtained for free from Computer Horizons

 

1



 

Corp.’s and Analysts International Corporation’s respective investor relations at dreingol@computerhorizons.com  and  pquist@analysts.com, respectively.

 

Computer Horizons Corp. and Analysts International Corporation and their respective directors, officers and other employees and proxy solicitors may be deemed to be participants in the solicitation of proxies from the shareholders of Computer Horizons and Analysts International with respect to the transactions contemplated by the merger agreement.  Information regarding Computer Horizons’ officers and directors is included in Computer Horizons’ Proxy Statement for its 2005 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 11, 2005.  Information regarding Analysts International’s officers and directors is included in Analysts International’s Proxy Statement for its 2005 Annual Meeting of Shareholders filed with the Securities and Exchange Commission on April 22, 2005.  These documents are or will be available free of charge at the Securities and Exchange Commission’s web site at http://www.sec.gov and from Computer Horizons Corp.’s  investor relations at dreingol@computerhorizons.com and Analysts International Corporation investor relations at pquist@analysts.com.

 

Corporate Contacts:

 

 

 

Investors:

 

 

 

 

David Reingold, SVP, Marketing, IR

 

 

 

Lauren Felice

 

 

Computer Horizons Corp.

 

 

 

Computer Horizons Corp.

 

 

(973) 299-4105

 

 

 

(917) 575-7265

 

 

dreingol@computerhorizons.com

 

 

 

lfelice@computerhorizons.com

 

 

 

 

 

 

 

 

 

 

 

Media:

 

Steve Silva/Eric Brielmann

 

 

 

 

 

 

Joele Frank, Wilkinson Brimmer Katcher

 

 

 

 

 

 

(212) 355-4449

 

 

 

 

 

 

ss@joelefrank.com/ewb@joelefrank.com

 

# # #

 

2


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