UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): August 8, 2011

 

NCO Group, Inc.

(Exact Name of Registrant as Specified in Its Charter)

 

Delaware

 

333-173514; 333-165975;
333-150885; 333-158745

 

02-0786880

(State or other jurisdiction of
incorporation)

 

(Commission File Number)

 

(IRS Employer Identification No.)

 

507 Prudential Road, Horsham, Pennsylvania

 

19044

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code (215) 441-3000

 

Not Applicable

(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 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

 

On August 8, 2011, NCO Group, Inc. (the “Company”) announced that Steven Leckerman, Executive Vice President and Chief Operating Officer (“COO”), will be leaving the Company by October 31, 2011 to pursue other opportunities.

 

Effective immediately, Jack Jones will assume the role of Executive Vice President and COO.  Mr. Jones, 56, spent over 25 years with JPMorgan Chase where he was most recently Senior Vice President and Managing Director of Global Solutions responsible for the enterprise wide globalization strategy which included operations involving over 35,000 employees delivering services to all lines of business. He was actively involved in trade associations and business groups in India and the Philippines most notably the Business Processing Association of the Philippines and Nasscom, India’s leading BPO and Technology Association. Mr. Jones also spent several years leading credit services for card operations as well as other key roles within the banking systems of JPMorgan Chase and Wachovia. JPMorgan Chase is an affiliate of the Company; for further information on the Company’s relationship with JPMorgan Chase, please refer to the Company’s filings with the Securities and Exchange Commission, particularly our Form 10-K for the year ended December 31, 2010.

 

Mr. Jones will receive an annual base salary of $500,000 per annum. Mr. Jones shall also be eligible to receive an annual bonus (with a target bonus of 100% of base salary) based upon achievement of performance objectives, as mutually agreed to by Mr. Jones and the Compensation Committee of the Board of Directors of the Company (“Compensation Committee”). Mr. Jones will be eligible to receive equity, stock options, or other equity-based awards, as determined in the sole discretion of the Compensation Committee.  Mr. Jones will also be eligible to receive other perquisites and benefits, as determined in the sole discretion of the Compensation Committee.

 

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.

 

 

 

NCO GROUP, INC.

 

 

Date: August 11, 2011

By:

/s/ John R. Schwab

 

Name:

John R. Schwab

 

Title:

Executive Vice President, Finance and Chief Financial Officer

 

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