UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): August 14, 2005
GLOBALOPTIONS GROUP, INC.
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(Exact Name of Registrant as Specified in Charter)
Nevada 333-117495 73-1703260
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
75 Rockefeller Plaza, 27th Floor
New York, New York 10019
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 445-6262
Creative Solutions with Art, Inc.
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(Former name or former address, if changed since last report)
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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 DFR
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))
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CURRENT REPORT ON FORM 8-K
GLOBALOPTIONS GROUP, INC.
AUGUST 18, 2005
TABLE OF CONTENTS
PAGE
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Item 2.01. Completion of Acquisition or Disposition of Assets..................1
Item 2.02. Results of Operations and Financial Condition.......................1
Item 9.01. Financial Statements and Exhibits...................................1
i
ITEM 2.01. COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
On August 14, 2005, a wholly-owned subsidiary of the Registrant,
GlobalOptions, Inc., a Delaware corporation ("GlobalOptions"), acquired
substantially all of the business and assets of Confidential Business Resources,
Inc., a Tennessee corporation ("CBR"). CBR is a professional investigations firm
headquartered in Nashville, Tennessee with nine offices nationwide.
The acquisition was made pursuant to a certain Asset Purchase
Agreement dated May 19, 2005, as amended (the "Agreement"), between
GlobalOptions, CBR, Fischer & Associates, Inc. and Halsey R. Fischer. The
purchase price for the assets was $5.0 million plus the assumption of a $1.75
million line of credit. The purchase price is subject to a post-closing
adjustment for working capital.
The foregoing description of the Agreement is not complete and is
qualified in its entirety by reference to the full text of the Agreement, a copy
of which is filed herewith and is incorporated herein by reference.
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On August 15, 2005, the Registrant issued a press release announcing
its financial results for the fiscal quarter and six months ended June 30, 2005
and other information. A copy of the press release is filed herewith and is
incorporated herein by reference.
The information furnished pursuant to Item 2.02 of this Current
Report on Form 8-K shall not be considered "filed" for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended, or otherwise subject to the
liability of such section, nor shall it be incorporated by reference into future
filings by the Company under the Securities Act of 1933, as amended, or under
the Securities Exchange Act of 1934, as amended, unless the Registrant expressly
sets forth in such future filing that such information is to be considered
"filed" or incorporated by reference therein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS.
The exhibits listed in the following Exhibit Index are filed as part of
this Report.
EXHIBIT NO. DESCRIPTION
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10.1 Asset Purchase Agreement, dated as of May 19, 2005 by
and among GlobalOptions, Inc., Confidential Business
Resources, Inc., Fischer & Associates, Inc. and Halsey
R. Fischer.
10.2 Amendment to Asset Purchase Agreement, dated as of June
14, 2005.
10.3 Second Amendment to Asset Purchase Agreement, dated as
of July 29, 2005.
99.1 Press Release dated August 15, 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.
Date: August 18, 2005 GLOBALOPTIONS GROUP, INC.
By: /s/ Harvey W. Schiller
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Harvey W. Schiller, Ph.D.
Chairman and Chief Executive Officer
INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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10.1 Asset Purchase Agreement, dated as of May 19, 2005 by
and among GlobalOptions, Inc., Confidential Business
Resources, Inc., Fischer & Associates, Inc. and Halsey
R. Fischer.
10.2 Amendment to Asset Purchase Agreement, dated as of June
14, 2005.
10.3 Second Amendment to Asset Purchase Agreement, dated as
of July 29, 2005.
99.1 Press Release dated August 15, 2005.
