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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
OCTOBER 24, 2001
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Date of Filing of Form 8-K
OCTOBER 18, 2001
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Date of Report (Date of earliest event reported)
OUTSOURCE INTERNATIONAL, INC.
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(Exact Name of Registrant as Specified in its Charter)
FLORIDA 000-23147 65-0675628
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(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
1690 SOUTH CONGRESS AVENUE
DELRAY BEACH, FLORIDA 33445
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(Address of principal executive offices)
(561) 454-3500
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(Registrant's telephone number, including area code)
N/A
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(Former name or former address, if changed since last report)
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Item 5. Other Events
As previously reported, Outsource International, Inc., a Florida
corporation (the "Company"), together with all of its operating subsidiaries,
filed voluntary Petitions for Relief under the provisions of Chapter 11 of the
U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of
California ("Bankruptcy Court"), Case Nos. LA-01-28160-BB, LA-01-28173-BB,
LA-01-28179-BB, LA-01-28185-BB, LA-01-28191-BB, LA-01-28197-BB and
LA-01-28201-BB Jointly Administered, on June 11, 2001. The Company retains
control of its assets and is authorized to operate its business as a debtor in
possession under the jurisdiction of the Bankruptcy Court.
As a result of the Chapter 11 proceeding, the Company is filing with
the Office of the U.S. Bankruptcy Trustee ("Bankruptcy Trustee") the Company's
Monthly Operating Report (the "Monthly Operating Report") and Interim Statement
(the "Interim Statement"). The Company intends to file with the Securities and
Exchange Commission (the "SEC"), each under the cover of a Form 8-K, the Monthly
Operating Report and Interim Statement filed with the Bankruptcy Trustee.
On October 9, 2001, the Company filed a Form 8-K, which contained the
Company's Monthly Operating Report and Interim Statement for the period from
July 30, 2001 to August 26, 2001 (the "August Report") filed with the
Bankruptcy Trustee in connection with the Company's ongoing proceeding under
Chapter 11 of the U.S. Bankruptcy Code. On October 18, 2001, the Company filed
with the Bankruptcy Trustee an amendment to the August Report (the
"Amendment"). Exhibit 99.1 to this Current Report on Form 8-K contains the text
of the Amendment filed with the Bankruptcy Trustee.
The Company cautions investors and potential investors not to place
undue reliance upon the information contained in the Amendment. The Amendment
contains unaudited information. There can be no assurance that, from the
perspective of an investor or potential investor in the Company's securities,
the Amendment is complete. The Amendment also contains information for periods
which may be shorter or otherwise different from those required in the
Company's reports pursuant to the Securities Exchange Act of 1934, as amended
("Exchange Act"). Such information may not be indicative of the Company's
financial condition or operating results for the periods which would be
reflected in the Company's financial statements or in its reports pursuant to
the Exchange Act.
Moreover, the Amendment and other communications from the Company may
include forward-looking statements subject to various assumptions regarding the
Company's operating performance that may not be realized and subject to
significant business, economic and competitive uncertainties and contingencies
many of which are beyond the Company's control. Consequently, such matters
should not be regarded as a representation or warranty by the Company that such
matters will be realized or are indicative of the Company's financial condition
or operating results for future periods. Actual results for such periods may
differ materially from the information contained in the Amendment, and the
Company undertakes no obligations to update or revise the Amendment.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits.
Exhibit No. Description
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99.1 Amendment to Monthly Operating Report for the period from July 30, 2001
to August 26, 2001 filed with the Bankruptcy Court on October 18, 2001
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
OUTSOURCE INTERNATIONAL, INC.
By: /s/ Michael A. Sharp
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Name: Michael A. Sharp
Title: Chief Financial Officer and
Chief Restructuring Officer
Date: October 23, 2001