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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) December 14, 1998
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CENTURY BUSINESS SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 22-2769024
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(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
0-25890
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(Commission File Number)
6480 Rockside Woods Blvd., South, Suite 330
Cleveland, Ohio 44131
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (216) 447-9000.
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Item 5. Other Events
On December 14, 1998, the Registrant announced the reorganization of its top
management team. A copy of the press release is attached as Exhibit 99.1 hereto.
In connection with the reorganization, Gregory J. Skoda's position as Executive
Vice President was eliminated and he resigned as a Director of the Company.
On December 31, 1998, the Registrant's Board of Directors approved in an Action
By Unanimous Written Consent In Lieu of Meeting the addition of 1,500,000
options to the Amended and Restated 1996 Employee Stock Option Plan (the
"Plan"), the reservation of 1,500,000 shares of the Registrant's Common Stock
for issuance on exercise of such options and the amendment of the Plan to
reflect that the total number of shares which may be purchased from the
Registrant under the Plan is 4,000,000. A copy of the amended Plan is attached
as Exhibit 99.2 hereto.
Item 7. Exhibits
The following documents are filed as part of this report.
c) Exhibits
99.1 Press Release issued by the Registrant on December 14, 1998
99.2 Amended and Restated 1996 Employee Stock Option Plan
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.
CENTURY BUSINESS SERVICES, INC.
Date: January 12, 1999 /s/ Charles D. Hamm, Jr.
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Charles D. Hamm, Jr.
Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
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99.1 Press Release issued by the Registrant on December 14, 1998
99.2 Century Business Services, Inc. Amended and Restated 1996
Employee Stock Option Plan