Business Context and Reporting Period
This Form 8-K was filed by Romac International, Inc. (now KFORCE INC) on November 12, 1999. The report details a corporate governance action taken by the Board of Directors regarding a change in the company's legal name.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate name change and does not contain financial performance data.
Material Changes
- Name Change Resolution: On November 12, 1999, the Board of Directors adopted a resolution recommending that the company's name be changed to "kforce.com, inc."
- Implementation Timeline: The name change requires an amendment to the articles of incorporation, expected to be voted on at the next annual shareholder meeting, tentatively scheduled for April or May 2000.
- Interim Usage: The company intends to use the fictitious name "kforce.com" in jurisdictions where permissible prior to the shareholder vote.
Outlook, Risks, and Management Commentary
Management included standard forward-looking statement disclaimers. The company noted that actual results could differ materially from expectations due to various factors, including:
- Business conditions and growth in the staffing industry and general economy.
- Competitive factors and risks due to shifts in market demand.
- Changes in service mix.
- The ability of the company to complete acquisitions.
The company explicitly stated it undertakes no obligation to publicly update or revise these forward-looking statements.
Investor Verification Checklist
- Confirm the outcome of the shareholder vote on the name change at the April/May 2000 annual meeting.
- Verify the legal status of the "kforce.com" fictitious name usage in relevant jurisdictions prior to the official amendment.
- Review subsequent filings for updates on the company's acquisition strategy and staffing industry performance.