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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): August 12, 1998
COMPLETE BUSINESS SOLUTIONS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
MICHIGAN
(STATE OR OTHER JURISDICTION OF INCORPORATION)
0-22141 38-2606945
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER INDENTIFICATION
NUMBER)
32605 WEST TWELVE MILE ROAD, SUITE 250, FARMINGTON HILLS, MI 48334
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(248) 488-2088
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NONE
(FORMER NAME AND FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS
On August 14, 1998, the Company will assume the new Nasdaq trading symbol
"CBSI" for its common shares. The following press release was issued on August
12, 1998:
FARMINGTON HILLS, MI., AUGUST 12, 1998 -- Complete Business Solutions, Inc.
(Nasdaq: CBSL through August 13), a worldwide information technology (IT)
consultant and service provider to large and medium-size organizations,
announced today that it will assume the new Nasdaq trading symbol "CBSI" for
its common shares beginning with the market open on Friday August 14, 1998.
The CBSI symbol, which has historically been the popular acronym for Complete
Business Solutions among customers and employees, was unavailable when the
Company launched its initial public offering (IPO) in March, 1997. Recently,
the symbol became available allowing Complete Business Solutions to
consistently apply this traditional acronym throughout the marketplace.
Founded in 1985, CBSI, is a worldwide provider of information technology ("IT")
services to large and mid-size organizations. The Company offers its clients a
broad range of IT services, from advising clients on strategic technology plans
to developing and implementing appropriate IT applications solutions. CBSI
offers custom-tailored solutions based on an assessment of each client's needs.
The Company's services include Year 2000 conversion and testing services;
applications development and maintenance; reengineering legacy applications to
client/server technology; client/server applications development; IT consulting
services; packaged software implementation; and contract programming services.
For 1997, CBSI's revenue increased approximately 51 percent to $275.1 million,
from $182.6 million in 1996, both years restated for the acquisition of Synergy
Software, Inc. in November, 1997, c.w. Costello & Associates, Inc. in January,
1998 and Claremont Technology Group, Inc. in July, 1998.
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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 hereunto duly authorized.
Complete Business Solutions, Inc.
By: /s/ Timothy S. Manney
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Timothy S. Manney
Executive Vice President for Finance and Administration
Date: August 12, 1998
