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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): March 15, 1999
METAMOR WORLDWIDE, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-26970 76-0407849
(Commission File Number) (I.R.S. Employer Identification No.)
FIVE POST OAK PARK
4400 POST OAK PARKWAY, SUITE 1100
HOUSTON, TEXAS 77027-3413
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 548-3400
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Item 5. OTHER EVENTS
On March 15, 1999, Metamor Worldwide, Inc. (the "Company") announced
that by mutual agreement, the merger agreement between the Company and SPR Inc.
("SPR") was terminated. Under terms of the termination agreement, neither
party will owe a break-up fee to the other.
Separately, the Company announced that it would reinstate its common
stock repurchase program. Under the repurchase program, the Company's board of
directors has authorized the expenditure of up to $32 million to repurchase its
common stock or convertible subordinated notes or both. Subject to market
conditions, repurchases may be effected from time to time through solicited or
unsolicited transactions in the market or in privately negotiated transactions.
No limit was placed on the duration of the repurchase program. Subject to
applicable securities laws, purchase decisions will be made by management of
the Company based upon market conditions and other factors.
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.
METAMOR WORLDWIDE, INC.
(Registrant)
Dated: March 19, 1999 By: /s/ Edward L. Pierce
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Edward L. Pierce
Chief Financial Officer, Senior Vice
President and Assistant Secretary