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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 of 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 9, 1998
STAFFMARK, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-20971 71-0788538
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation or organization) Identification No.)
302 East Millsap Road, Fayetteville, Arkansas 72703
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code (501) 973-6000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 2. Acquisition or Disposition of Assets
On January 9, 1998, StaffMark, Inc. (the "Company") completed the purchase
of all of the outstanding equity interests of Strategic Legal Resources, LLC, a
New York limited liability company ("SLR"). SLR provides legal professionals to
law firms, corporations and financial institutions and is headquartered in New
York, New York. The total consideration paid for the membership interests of SLR
was approximately $13.8 million, consisting of approximately $12.3 million in
cash and 46,320 shares of the Company's common stock, plus a contingent earnout
based upon the future performance of SLR. The purchase price was determined as a
result of direct negotiations with SLR and its members.
Item 7. Financial Statements and Exhibits
(a) It is impracticable to provide the required financial
statements for the business acquired by the registrant. The
registrant will file the required financial statements for
such acquired business within 60 days of the date that this
Form 8-K is due.
(b) It is impracticable to provide the required pro forma
financial information for the business acquired by the
registrant. The registrant will file the required pro forma
financial information for such acquired business within 60
days of the date this Form 8-K is due.
(c) Exhibits. The following exhibit is filed with this Form 8-K:
2.1 Membership Interest Purchase Agreement dated as of
January 9, 1998, by and among StaffMark, Inc., Elihu
Gordis, Jay B. Horowitz, Eugene Greene and Kristin E.
Vickery. /1/
/1/ The Company will furnish supplementally a copy of any
omitted schedule to the Securities and Exchange
Commission upon request.
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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 hereunto duly authorized.
STAFFMARK, INC.
(Registrant)
Date: January 23, 1998 By:/s/ Terry C. Bellora
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Terry C. Bellora
Chief Financial Officer
EXHIBIT INDEX
2.1 Membership Interest Purchase Agreement dated as of
January 9, 1998, by and among StaffMark, Inc., Elihu
Gordis, Jay B. Horowitz, Eugene Greene and Kristin E.
Vickery. /1/
/1/ The Company will furnish supplementally a copy of any
omitted schedule to the Securities and Exchange
Commission upon request.
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