UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): November 8, 2005 (November 3, 2005)
Analysts International Corporation
(Exact name of registrant as specified in its charter)
Minnesota |
| 0-4090 |
| 41-0905408 |
(State or other jurisdiction |
| (Commission |
| (IRS Employer |
of Incorporation) |
| File Number) |
| Identification Number) |
3601 West 76th Street, Minneapolis, Minnesota |
| 55435-3000 |
(Address for principal executive offices) |
| (Zip Code) |
Registrant’s telephone number, including area code: (952) 835-5900
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):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o 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 November 3, 2005, Analysts International Corporation held a conference call in which management answered questions concerning the Company’s financial results for the quarter ended October 1, 2005 and business strategy. The full text of the question and answer session from the conference call is attached as Exhibit 99.1.
The information in this Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995
The Transcript of the question and answer session from the Company’s November 3, 2005 earnings conference call contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Forward-looking statements also include the assumptions underlying or relating to any of the foregoing statements. Such forward-looking statements are based upon current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Statements made in this Transcript by the Company, its President, Jeffrey Baker and its CFO, David Steichen regarding: (i) the Company’s pursuit of payment of a break up fee and reimbursement of merger-related costs from Computer Horizons Corp.; (ii) the amount of revenue necessary for the Company to achieve break even status and/or return to profitability; and (iii) improving utilization rates of its billable technical personnel, especially in its solutions practices are forward looking statements. These statements are not guarantees of future performance, involve certain risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. Therefore, actual outcomes and results may differ materially from what is expressed herein. In any forward-looking statement in which Analysts, Mr. Baker or Mr. Steichen expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will result or be achieved or accomplished. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: (i) the risk that Analysts will be unable to break even or become profitable even if utilization rates improve and/or increased revenue is generated; (ii) the risk that Analysts will be unable to recover all or a portion of the break up fee and merger-related expenses from Computer Horizons Corp.; and (iii) the risk that Analysts is unable to improve utilization rates for its billable technical consultants in its solutions practices and (ix) other economic, business, competitive and/or regulatory factors affecting Analysts’ business generally, including those set forth in Analysts’ filings with the SEC, including its Annual Report on Form 10-K for its most recent fiscal year, especially in the Management’s Discussion and Analysis section, its most recent Quarterly Report on Form 10-Q
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and its Current Reports on Form 8-K. All forward-looking statements included in the Transcript are based on information available to Analysts on the date of the earnings conference call. Analysts undertakes no obligation (and expressly disclaims any such obligation) to update forward-looking statements made in this transcript to reflect events or circumstances after the date of this press release or to update reasons why actual results would differ from those anticipated in such forward-looking statements.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits.
| Description | |
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99.1 |
| Analysts International Corporation Transcript of question and answer session from earnings conference call held November 3, 2005. |
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 hereunto duly authorized.
Date: November 8, 2005 | ANALYSTS INTERNATIONAL CORPORATION | |
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| /s/ Colleen M. Davenport |
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| Colleen M. Davenport | |
| Secretary and General Counsel |
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EXHIBIT INDEX
99.1 Transcript of question and answer session from earnings conference call held November 3, 2005
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