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

April 23, 2007

Date of Report (Date of earliest event reported)

 


MPS Group, Inc.

(Exact name of registrant as specified in its charter)

 


 

Florida   0-24484   59-3116655

(State or Other Jurisdiction of

Incorporation or Organization)

  (Commission File Number)  

(IRS Employer

Identification No.)

1 Independent Drive, Jacksonville, Florida 32202

(Address of principal executive offices)

(Zip Code)

(904) 360-2000

Registrant’s telephone number, including area code

 


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 2.02 Results of Operations and Financial Condition.

On April 26, 2007, MPS Group, Inc. released a press release announcing financial results for the three months ended March 31, 2007. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information, including exhibits attached hereto, in this Current Report is being furnished and shall not be deemed ‘filed’ for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.

 

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On April 23, 2007, the Compensation Committee of the Board of Directors of MPS Group, Inc. approved or ratified the following increases in annual base salary and target bonus opportunity under the Executive Annual Incentive Plan for certain of the executive officers as described in the table below. On the same date, the Compensation Committee also approved the grant of restricted stock to certain of the Company’s executive officers as is also described in the table below. The restricted stock awards were granted under the Company’s 2004 Equity Incentive Plan and vest ratably over seven years.

 

Name

  

Executive Position

  

2007 Base

Salary

  

2007 Target

Bonus

Opportunity as

a Percentage of

Base Salary

   

Restricted
Stock

Award

Timothy D. Payne

   President and Chief Executive Officer    $ 690,000    100 %   240,000

Robert P. Crouch

   Senior Vice President, Chief Financial Officer and Treasurer    $ 345,000    100 %   120,000

Richard L. White

   Senior Vice President and Chief Information Officer    $ 250,000    90 %   80,000

Gregory D. Holland

   Senior Vice President, Chief Legal Officer and Secretary    $ 250,000    60 %   56,000

Tyra H. Tutor

   Senior Vice President of Corporate Development    $ 200,000    50 %   48,000

 

Item 9.01 Financial Statements and Exhibits.

(c) Exhibits.

 

Exhibit 99.1

  MPS Group, Inc. April 26, 2007, Press Release.

 

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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, thereunto duly authorized.

 

  MPS Group, Inc.

Date: April 26, 2007

 
 

/s/ Robert P. Crouch

 

Robert P. Crouch

Senior Vice President, Treasurer

and Chief Financial Officer

 

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