1 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 December 22, 1998 Date of Report (Date of earliest event reported) MSX INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) DELAWARE 333-49821 38-3323099 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 275 REX BOULEVARD AUBURN HILLS, MICHIGAN (Address of principal executive offices) 48326 (Zip Code) (248) 299-1000 (Registrant's telephone number, including area code) 2 ITEM 5. OTHER EVENTS Effective December 26, 1998, the Company consummated its acquisition of Megatech Engineering, Inc. ("MEI") from Johnson Controls, Incorporated, pursuant to a stock purchase agreement dated as of December 22, 1998. Under the Stock Purchase Agreement, a wholly owned subsidiary of MSX International, Inc. purchased one hundred percent of the outstanding shares of MEI from Becker Group, Inc., a wholly owned subsidiary of Johnson Controls, Inc. ("the Acquisition"). The Company did not assume any bank debt. The total purchase price for the stock of MEI was $30 million with $15 million paid at the closing, provided by borrowings under the New Credit Facility. An additional $15 million is due no later than June 30, 1999, which is expected to be provided by the proceeds from the sale of real property acquired with the Acquisition. The Acquisition was initially announced via a press release on December 23, 1998, and will be accounted for under the purchase method of accounting. A copy of the press release is attached to this Form 8-K as Exhibit 99. Megatech offers technical staffing and product development services specializing in vehicle interiors, HVAC, and electrical design. Megatech's data management and prototype capabilities include laser scanning, fixture and secondary equipment design and construction, design verification and prototype parts. MegaTech Academy, through collaboration with Central Michigan University, offers a unique B.S. degree program in Vehicle Design. Founded in 1985, MegaTech has approximately 500 employees and contractors. Its primary facilities are located in Warren, Michigan. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) EXHIBITS 99 Press Release issued by MSX International, Inc. on December 23, 1998. 3 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 hereunder duly authorized. Dated: January 6, 1999 MSX INTERNATIONAL, INC. By /s/Frederick K. Minturn ---------------------------- Frederick K. Minturn Executive Vice President, Chief Financial Officer