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) September 1, 2004
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INFOCROSSING, INC.
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(Exact Name of Registrant as Specified in Its Charter)
DELAWARE 0-20824 13-3252333
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(State or other Jurisdiction of Commission (IRS Employer
Incorporation or Organization) File Number Identification No.)
2 Christie Heights Street Leonia, New Jersey 07605
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (201) 840-4700
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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
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 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
On September 1, 2004, Infocrossing, Inc. (the "Company") entered into a
Purchase and Sale Agreement (the "Purchase Agreement") with Verizon Data
Services Inc. ("Seller"), pursuant to which the Company will acquire from Seller
for $43.5 million in cash a segment of the healthcare business of Verizon
Information Technologies Inc., which is a wholly owned subsidiary of Seller and
which provides managed care, Medicare and Medicaid processing services. The
transaction contemplated by the Purchase Agreement is expected to be completed
within 30 days. The Company plans to pay the purchase price principally with
cash on hand and the balance with funds borrowed under an existing line of
credit. Prior to the execution of the Purchase Agreement, no material
relationship existed between the Company or its affiliates and Seller. The press
release announcing the execution of the Purchase Agreement is filed as Exhibit
99.1 to this report and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Press Release of the Company, dated September 1, 2004.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INFOCROSSING, INC.
Date: September 1, 2004 By: /s/ ZACH LONSTEIN
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Zach Lonstein
Chairman of the Board of Directors
and Chief Executive Officer