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EX-99.1 - EXHIBIT 99.1 - Startek, Inc.exhibit991announcement.htm


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):  June 1, 2015
 
STARTEK, INC.
(Exact name of Registrant as specified in its charter)
 
DELAWARE
 
1-12793
 
84-1370538
(State or other jurisdiction of incorporation
or organization)
 
(Commission File
Number)
 
 
(I.R.S. Employer Identification No.)
 
8200 E. Maplewood Ave., Suite 100
Greenwood Village, CO 80111
(Address of principal executive offices; zip code)
 
Registrant’s telephone number, including area code:  (303) 262-4500
 
 
(Former name, former address and former fiscal year, 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 2.01 Completion of Acquisition or Disposition of Assets.

On June 1, 2015, StarTek, Inc. (the “Company”) completed its acquisition of all the membership interests of Accent Marketing Services, L.L.C. (“ACCENT”) pursuant to a Membership Interest Purchase Agreement with MDC Corporate (US) Inc. and MDC Acquisition Inc. (the “Purchase Agreement”). The purchase price of the acquisition was $16.0 million in cash, which amount is subject to certain customary post-closing adjustments.

A press release announcing the closing of the transaction is attached as Exhibit 99.1 to this Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

In connection with payment of the purchase price at the closing of the acquisition described above under Item 2.01, the Company drew $16.0 million under its previously-disclosed Credit Agreement with BMO Harris Bank N.A.

 Item 9.01 Financial Statements and Exhibits.
 
(a)
 
Financial Statements of Businesses Acquired.
 
 
The financial statements required by this item are not included with this initial report. The required financial statements will be filed by amendment as soon as practicable, but not later than 71 days after the date this Current Report on Form 8-K was required to be filed.
 
 
 
(b)
 
Pro Forma Financial Information.
 
 
The pro forma financial statements required by this item are not included with this initial report. The required pro forma financial statements will be filed by amendment as soon as practicable, but not later than 71 days after the date this Current Report on Form 8-K was required to be filed.
 
 
 
(d)
 
Exhibits.
99.1

 
Press release, dated June 1, 2015, announcing that StarTek, Inc. completed its acquisition of Accent Marketing Services, L.L.C.





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.
 
 
 
 
 
 
 
 
By:
/s/ Lisa A. Weaver
 
Date: June 1, 2015
Lisa A. Weaver
 
 
Senior Vice President, Chief Financial Officer and Treasurer