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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 14, 1999
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PROVANT, INC.
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(Exact name of registrant as specified in its charter)
Delaware 000-23989 04-3395167
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
67 Batterymarch Street, Suite 600, Boston, Massachusetts 02110
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 261-1600
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N/A
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On December 14, 1999, PROVANT, Inc. (the "Company") acquired by merger
Senn-Delaney Leadership Consulting Group, Inc. and Senn-Delaney Leadership
Consulting U.K., Ltd. (together, "Senn-Delaney Leadership"), for an aggregate
purchase price of 2,168,286 shares of the Company's common stock. In connection
with the merger, the Company also assumed outstanding Senn-Delaney Leadership
options that were converted into options to purchase an aggregate of 352,212
shares of the Company's common stock. The purchase price paid by PROVANT in the
acquisition was determined as the result of arm's-length negotiations between
PROVANT and the principals of Senn-Delaney Leadership. The acquisition of
Senn-Delaney Leadership will be accounted for as a pooling-of-interests.
The Company has agreed to register under the Securities Act of 1933, as
amended, the resale of forty percent of the shares of common stock acquired by
the former shareholders of Senn-Delaney Leadership in connection with the
acquisition.
Senn-Delaney Leadership, based in Long Beach, California, specializes
in creating organizational and team effectiveness at the senior executive level,
including assisting senior management in fostering the success of mergers and
acquisitions by aligning the newly merged organization. Senn-Delaney Leadership
also assists CEOs and executive teams in creating strategic change throughout
their organization, creating high performance work teams, building a winning
culture, and developing their future leaders.
SIGNATURE
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.
PROVANT, INC.
By: /s/ Rajiv Bhatt
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Rajiv Bhatt, Executive Vice President
Date: January 21, 2000
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