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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
November 29, 2001
November 15, 2001
OUTSOURCE INTERNATIONAL, INC.
FLORIDA | 000-23147 | 65-0675628 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
1690 SOUTH CONGRESS AVENUE
DELRAY BEACH, FLORIDA 33445
(561) 454-3500
N/A
Item 5. Other Events | ||||||||
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. | ||||||||
SIGNATURES | ||||||||
MONTHLY OPERATING REPORT |
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Item 5. Other Events
As previously reported, Outsource International, Inc., a Florida corporation (the “Company”), together with all of its operating subsidiaries, filed voluntary Petitions for Relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California (“Bankruptcy Court”), Case Nos. LA-01-28160-BB, LA-01-28173-BB, LA-01-28179-BB, LA-01-28185-BB, LA-01-28191-BB, LA-01-28197-BB and LA-01-28201-BB Jointly Administered, on June 11, 2001. The Company retains control of its assets and is authorized to operate its business as a debtor in possession under the jurisdiction of the Bankruptcy Court.
As a result of the Chapter 11 proceeding, the Company is filing with the Office of the U.S. Bankruptcy Trustee the Company’s Monthly Operating Report (the “Monthly Operating Report”) and Interim Statement (the “Interim Statement”). The Company intends to file with the Securities and Exchange Commission (the “SEC”), each under the cover of a Form 8-K, the Monthly Operating Report and the Interim Statement filed with the Bankruptcy Trustee.
On November 15, 2001, the Company filed with the Bankruptcy Trustee its Monthly Operating Report and Interim Statement for the period from October 1, 2001 to October 28, 2001 in connection with the Company’s ongoing proceeding under Chapter 11 of the U.S. Bankruptcy Code. Exhibit 99.1 to this Current Report on Form 8-K contains the text of the Monthly Operating Report and Interim Statement filed with the Bankruptcy Trustee.
The Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Report and Interim Statement. The Monthly Operating Report and Interim Statement contain unaudited information. There can be no assurance that, from the perspective of an investor or potential investor in the Company’s securities, the Monthly Operating Report or Interim Statement are complete. The Monthly Operating Report and Interim Statement also contain information for periods which may be shorter or otherwise different from those required in the Company’s reports pursuant to the Securities Exchange Act of 1934, as amended (“Exchange Act”). Such information may not be indicative of the Company’s financial condition or operating results for the periods which would be reflected in the Company’s financial statements or in its reports pursuant to the Exchange Act.
Moreover, the Monthly Operating Report and Interim Statement and other communications from the Company may include forward-looking statements subject to various assumptions regarding the Company’s operating performance that may not be realized and subject to significant business, economic and competitive uncertainties and contingencies many of which are beyond the Company’s control. Consequently, such matters should not be regarded as a representation or warranty by the Company that such matters will be realized or are indicative of the Company’s financial condition or operating results for future periods. Actual results for such periods may differ materially from the information contained in the Monthly Operating Report and Interim Statement, and the Company undertakes no obligations to update or revise such Monthly Operating Report or Interim Statement.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit No. | Description | |||||
99.1 | Monthly Operating Report for the period from October 1, 2001 to October 28, 2001 filed with the Bankruptcy Trustee on November 15, 2001 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
OUTSOURCE INTERNATIONAL, INC | ||||
By: | /s/ Michael A. Sharp | |||
Name: | Michael A. Sharp | |||
Title: | Chief Financial Officer and Chief Restructuring Officer |
Date: November 29, 2001