-----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, D/wz6bTuYixNyDO8mVKfGbOIZGJHl1hXwzGt4YiG4N1JDnuaZQPETs04++0l3QLH 9ciR046fHZQIvyOiPZXvew== 0000892917-05-000101.txt : 20050516 0000892917-05-000101.hdr.sgml : 20050516 20050516170027 ACCESSION NUMBER: 0000892917-05-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050512 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050516 DATE AS OF CHANGE: 20050516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BARRETT BUSINESS SERVICES INC CENTRAL INDEX KEY: 0000902791 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] IRS NUMBER: 520812977 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-61804 FILM NUMBER: 05835575 BUSINESS ADDRESS: STREET 1: 4724 S W MACADAM AVE CITY: PORTLAND STATE: OR ZIP: 97201 BUSINESS PHONE: 5032200988 MAIL ADDRESS: STREET 1: 4724 SW MACADAM AVE CITY: PORTLAND STATE: OR ZIP: 97201 8-K 1 bbs8-k516.txt 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): May 12, 2005 BARRETT BUSINESS SERVICES, INC. (Exact name of registrant as specified in charter) Maryland (State or other jurisdiction of incorporation) 0-21886 (SEC File Number) 52-0812977 (IRS Employer Identification No.) 4724 S.W. Macadam Avenue Portland, Oregon 97239 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (503) 220-0988 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 Principal Officers; Election of Directors; Appointment of Principal Officers. On May 12, 2005, the Board of Directors of Barrett Business Services, Inc. ("BBSI"), elected Michael L. Elich, age 40, as the Company's Vice President and Chief Operating Officer, a newly-created position. Mr. Elich was BBSI's Director of Business Development since joining the Company in October 2001. For more than two years prior to October 2001, Mr. Elich served as Executive Vice President and Chief Operating Officer of Skills Resource Training Center ("SRTC"), a staffing services company with offices in Washington, Oregon, and Idaho. BBSI acquired substantially all the assets of SRTC effective January 1, 2004, pursuant to arm's-length negotiations. Mr. Elich owns approximately 14% of the outstanding capital stock of SRTC. BBSI paid $3,000,000 in cash to SRTC for its assets and noncompete agreements with SRTC's shareholders and has also recorded an estimated total of 52,800 shares of BBSI's common stock with a value of $778,000 as of December 31, 2004, for issuance pursuant to earnout provisions included in the acquisition agreement with SRTC. Item 9.01. Financial Statements and Exhibits. 99.1 Press release dated May 16, 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 thereunto duly authorized. BARRETT BUSINESS SERVICES, INC. Dated: May 16, 2005 By: /s/ Michael D. Mulholland -------------------------------------- Michael D. Mulholland Vice President - Finance EX-99 2 bbs8-k516ex.txt 99.1 EXHIBIT 99.1 NEWS RELEASE For Immediate Release Contact: William W. Sherertz President and Chief Executive Officer Telephone: (503) 220-0988 BBSI Names Michael Elich Vice President and Chief Operating Officer PORTLAND, OREGON, May 16, 2005 - Barrett Business Services, Inc. (Nasdaq: BBSI) announced today that the Company's board of directors has elected Michael L. Elich as Vice President and Chief Operating Officer. Mr. Elich has served as BBSI's Director of Business Development since joining the Company in October 2001. Prior to BBSI, Mr. Elich served as Executive Vice President and Chief Operating Officer for Skills Resource Training Center, a company acquired by BBSI in January 2004. Mr. Elich holds a B.S. degree in Economics and Business from Montana State University. BBSI provides human resource management solutions to large and small companies throughout many regions of the United States. ##### -----END PRIVACY-ENHANCED MESSAGE-----