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
Date of Report (Date of earliest event
reported) February 15, 2011
DJSP ENTERPRISES,
INC.
(Exact Name of Registrant as Specified
in Its Charter)
British Virgin
Islands
|
001-34149
|
98-0667099
|
||
(State or other
jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS Employer
Identification
No.)
|
900 South Pine Island Road, Suite
400
Plantation, Florida
|
33324
|
|
(Address of Principal Executive
Offices)
|
(Zip
Code)
|
(954) 233-8400
(Registrant’s Telephone Number,
Including Area Code)
(Former Name or Former Address, if
Changed Since Last Report)
Check the appropriate box below if
the Form 8-K filing is intended to simultaneously satisfy the filing obligation
of the registrant under any of the following provisions (see General Instruction A.2.
below):
o
|
Written communications pursuant to
Rule 425 under the Securities Act (17 CFR
230.425)
|
o
|
Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
o
|
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
o
|
Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
2.05 Costs Associated with Exit or Disposal Activities.
On February 15, 2011, the Company’s
subsidiary, DJS Processing, LLC, informed affected employees of an immediate
reduction in its total work force by 90 employees. These further
staff reductions are the result of the continued reduction in demand for the
services of DJS Processing, LLC and its affiliates announced last
year. The Company estimates that it will record charges of between
approximately $125,000 and $150,000 for termination-related benefits, all of
which will result in cash expenditures by the Company during the current and
subsequent fiscal quarters.
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.
DJSP Enterprises,
Inc.
|
||
(Registrant)
|
||
Date February 15,
2011
|
By
|
/s/ Stephen J.
Bernstein
|
Stephen J.
Bernstein,
President and Chief Executive
Officer
|