-----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, OXLZrGW5en0HiCdb5BRcD0gfhezuUAJxZep/oT1yPiiwL7a4CqSZUwBe112y9l2N 9IlQwgHDaayvof7aA18Piw== 0001193125-05-239037.txt : 20051208 0001193125-05-239037.hdr.sgml : 20051208 20051208141533 ACCESSION NUMBER: 0001193125-05-239037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051208 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051208 DATE AS OF CHANGE: 20051208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KORN FERRY INTERNATIONAL CENTRAL INDEX KEY: 0000056679 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EMPLOYMENT AGENCIES [7361] IRS NUMBER: 952623879 STATE OF INCORPORATION: DE FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14505 FILM NUMBER: 051251817 BUSINESS ADDRESS: STREET 1: 1900 AVENUE OF THE STARS STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3105521834 MAIL ADDRESS: STREET 1: 1900 AVENUE OF THE STARS STREET 2: SUITE 2600 CITY: LOS ANGELES STATE: CA ZIP: 90067 8-K 1 d8k.htm FORM 8-K Form 8-K

 

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): December 8, 2005

 

KORN/FERRY INTERNATIONAL

(Exact name of registrant as specified in its charter)

 

Delaware   001-14505   95-2623879
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       Identification No.)

 

1900 Avenue of the Stars, Suite 2600

Los Angeles, California

  90067
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (310) 552-1834

 

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 (see General Instruction A.2. below):

 

¨ 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 8.01 Other Events.

 

On December 8, 2005, Korn/Ferry International (the “Company”) issued a press release, attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing a stock repurchase program authorized by the Company’s Board of Directors to acquire in open market or private transactions, from time-to-time and in accordance with applicable laws, rules and regulations, up to $50 million of the Company’s common stock.

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit 99.1    Press Release, dated December 8, 2005.


 

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.

 

        KORN/FERRY INTERNATIONAL
       

(Registrant)

Date: December 8, 2005      

/s/ Gary D. Burnison

               

(Signature)

           

Name:

 

Gary D. Burnison

           

Title:

  Executive Vice President,
Chief Financial Officer and
Chief Operating Officer


 

EXHIBIT INDEX

 

Exhibit No.

  

Description


99.1    Press release, dated December 8, 2005.
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

LOGO   

 

KORN/FERRY INTERNATIONAL

   NEWS

 

CONTACTS

Investor Relations: Gary D. Burnison, (310) 226-2613

Media Relations: Anneli Ballard, (212) 984-9350

 

Korn/Ferry Announces $50 Million Stock Repurchase Program

 

LOS ANGELES – December 8, 2005 – Korn/Ferry International (NYSE:KFY), the premier provider of executive search, outsourced recruiting and leadership development solutions, today announced that its board of directors at its December 7, 2005 meeting, approved the repurchase of up to $50 million of Korn/Ferry stock in a common stock repurchase program. The shares may be repurchased from time to time in open market transactions or privately negotiated transactions at Korn/Ferry’s discretion, subject to market conditions and other factors.

 

“Given our confidence in the firm’s growth prospects, we believe the repurchase of Korn/Ferry stock provides a very attractive and tax effective way to reward our shareholders,” said Paul C. Reilly, Chairman and Chief Executive Officer of Korn/Ferry International. “After two years of strategic operational re-engineering, reinvestment in the business, recruitment efforts and technology, our Board felt that we have reached a time where we can begin this plan.”

 

This repurchase program will not affect Korn/Ferry’s commitment to investment in new products and solutions and other opportunities to fuel growth in the years ahead. “We truly believe that clients will increasingly turn to fewer service providers for their expanding talent management needs. Being a trusted advisor to our clients demands that we continually strive to bring new offerings to market,” said Gary D. Burnison, Chief Operating Officer, Chief Financial Officer and Executive Vice President of Korn/Ferry.

 

About Korn/Ferry International

 

Korn/Ferry International, with more than 70 offices in 35 countries, is the premier provider of executive search, outsourced recruiting and leadership development solutions. Based in Los Angeles, the firm partners with clients worldwide to deliver unparalleled senior-level search, management assessment, coaching and development, and recruitment outsourcing services through its Futurestep subsidiary. For more information, visit the Korn/Ferry International Web site at www.kornferry.com or the Futurestep Web site at www.futurestep.com.


LOGO    KORN/FERRY INTERNATIONAL
  

2-2-2-2

 

This release contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties which are beyond the control of Korn/Ferry. Forward-looking statements include, without limitation, statements regarding the repurchase of Korn/Ferry stock, stock price, future growth and projected financial performance. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could influence the matters discussed in certain forward-looking statements contained in this release include the timing and amount of revenues that may be recognized by Korn/Ferry, continuation of current revenue and expense trends, absence of unforeseen changes in Korn/Ferry’s markets, legal and regulatory changes, and general changes in the economy (particularly in the markets served by Korn/Ferry). For a detailed description of risks and uncertainties that could affect Korn/Ferry, please refer to Korn/Ferry’s periodic filings with the Securities and Exchange Commission. Korn/Ferry disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

# # #

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