SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: DECEMBER 16, 1999
DATE OF EARLIEST EVENT REPORTED: DECEMBER 7, 1999
COMMISSION FILE NUMBER 0-28840
IMRGLOBAL CORP.
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(Exact Name of Registrant as Specified in its Charter)
FLORIDA 59-2911475
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(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
100 SOUTH MISSOURI AVENUE
CLEARWATER, FLORIDA 33756
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(Address of Principal Executive Offices and Zip Code)
(727) 467-8000
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name or Former Address,
if Changed Since Last Report)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 7, 1999, IMRglobal acquired 100% of the outstanding stock
of Neverdahl-Loft & Associates, Inc. ("Neverdahl"), a privately held
provider of information technology services to the life insurance
industry. In exchange for Neverdahl's common stock, Neverdahl's
stockholders received $10.2 million in cash. Additional cash of
approximately $1.5 will be paid to Neverdahl's stockholders in 2000
based on the amount of certain incremental income taxes resulting from
this transaction. In addition, a cash contingent payment of $2.5
million is payable in 2000 if certain specified financial goals are
achieved for the six months ended June 30, 2000. Any contingent
payment would result in an increase in the purchase price and the
resulting goodwill. The Neverdahl acquisition is accounted for as a
purchase pursuant to the provisions of APB No. 16, "Business
Combinations".
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Neverdahl-Loft & Associates, Inc.:
Not required.
(b) Pro Forma Financial Information:
Not Required.
(c) Exhibits:
None.
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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 thereunto duly authorized.
IMRGLOBAL CORP.
Date DECEMBER 16 , 1999 /s/ SATISH K. SANAN
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Satish K. Sanan
Chief Executive Officer
Date DECEMBER 16, 1999 /s/ ROBERT M. MOLSICK
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Robert M. Molsick
Chief Financial Officer
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