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U.S. 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
Date of Report (date of earliest event reported): OCTOBER 26, 1999
(OCTOBER 20, 1999)
Commission file number 1-12793
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STARTEK, INC.
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(Exact name of Registrant
as specified in its charter)
DELAWARE 84-1370538
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(State or other jurisdiction of (IRS Employer Identification No.)
incorporation or organization)
111 HAVANA STREET, DENVER, COLORADO 80010
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(Address of principal executive offices)
(303) 361-6000
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(Issuer's telephone number)
NOT APPLICABLE
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(Former name, former address, and former fiscal year,
if changed since last report)
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ITEM 5. OTHER EVENTS
On October 20, 1999, StarTek, Inc. (the "Company") announced the
resignation of Thomas O. Ryder from the Company's board of directors, effective
immediately. Mr. Ryder, who also serves as the chairman and CEO of The Reader's
Digest Association, Inc. ("Reader's Digest"), announced the move following the
recent formation of Gifts.com, a joint venture between the Company and Reader's
Digest. Reader's Digest policy prohibits Mr. Ryder from serving on the board of
a company that has a significant business relationship with Reader's Digest.
The venture, announced last month, is the development of gifts.com,
founded to become an E-commerce gift shopping website. Gifts.com is scheduled to
be launched November 1. Under the agreement between the companies, Reader's
Digest will own 80.1% of the jointly owned company and StarTek will own 19.9% of
such company and will also provide fulfillment services to the company.
StarTek contributed the proprietary domain name to the gifts.com
initiative and will provide both E-commerce support and fulfillment. Reader's
Digest brings to the new company its expertise in marketing, database
management, project management and, through its Good Catalog Company, some of
the gifts.com inventory.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
STARTEK, INC.
Date: October 26, 1999 By: /s/ Dennis M. Swenson
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Dennis M. Swenson
Executive Vice President and Chief
Financial Officer (Principal
Financial and Accounting Officer)