UNITED STATES
928566167SECURITIES 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 17, 1997
THE VINCAM GROUP, INC.
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(Exact name of registrant as specified in its charter)
Florida 0-28148 59-2452823
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(State or other jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
2850 Douglas Road Coral Gables, Florida 33134
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(Address of principal executive offices) (Zip Code)
(305) 460-2350
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(Registrant's telephone number, including area code)
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
The Vincam Group, Inc. (the "Company" or "Vincam") has named John T. Carlen
to the new position of president and chief operating officer. Carlen, 49 years
old, will oversee Vincam's operations in the company's 11 offices.
Carlen will join Vincam from Paychex, Inc. ("Paychex") in Rochester, N.Y.,
where he served as executive vice president from 1993 to 1997 and was
responsible for payroll services, sales and electronic commerce operations. In
addition, Carlen oversaw all acquisition activities and was responsible for
Paychex's entrance into the PEO industry. Before joining Paychex, Carlen served
in various executive positions with the May Department Store Company.
NOTE: Statements in this filing relating to matters that are not historical
facts are forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, which may cause the
actual results, performances or achievements of The Vincam Group, Inc., to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such known and unknown
risks, uncertainties and other factors include, but are not limited to, the
following: (i) potential for unfavorable interpretation of government
regulations relating to labor, taxes, insurance, employment matters and the
provision of managed care services; (ii) the Company's ability to obtain or
maintain all required licenses or certifications required to further expand the
range of specialized managed care services offered by the Company; (iii)
potential increases in the Company's costs, such as health care costs, that the
Company may not be able to reflect immediately in its service fees; (iv) the
Company's ability to offer its services to prospective clients in additional
states where it has less or no market penetration; (v) the level of acquisition
opportunities available to the Company and the Company's ability to efficiently
price and negotiate such acquisitions on a favorable basis; (vi) the financial
condition of the Company's clients; (vii) additional regulatory requirements
affecting the Company; (viii) the impact of competition from existing and new
professional employer organizations; (ix) the failure to properly manage growth
and successfully integrate acquired companies and operations; and (x) other
factors which are described in further detail in the Company's filings with the
Securities and Exchange Commission.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, as of the 24th of
June, 1997.
THE VINCAM GROUP, INC.
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REGISTRANT
June 24, 1997 By:/s/ STEPHEN L. WAECHTER
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Date Stephen L. Waechter, Chief Financial
Officer, Senior Vice President Finance
and Administration (Principal
Financial Officer)
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