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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
October 27, 1998
Date of Report (Date of earliest event reported)
MSX INTERNATIONAL, INC.
(Exact name of registrant as
specified in its charter)
DELAWARE 333-49821 38-3323099
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
275 REX BOULEVARD AUBURN HILLS, MICHIGAN
(Address of principal executive offices)
48326
(Zip Code)
(248) 299-1000
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
On October 27, 1998, MSX International, Inc. issued a press release announcing
that it will acquire Lexstra International, Inc. and Lexus Temporaries, Inc.,
both of which will join MSX International's Business, Technology and Staffing
Services Division. A copy of the press release is attached to this Form 8-K as
Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) EXHIBITS
99 Press Release issued by MSX International, Inc. on October 27,
1998.
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 hereunder duly authorized.
Dated: October 28, 1998
MSX INTERNATIONAL, INC.
By /s/Frederick K. Minturn
-----------------------
Frederick K. Minturn
Executive Vice President and Chief Financial Officer
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Exhibit Index
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<TABLE>
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Exhibit No. Description
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<S> <C>
99 Press Release issued by
MSX International, Inc
on October 27, 1998.
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EXHIBIT 99
NEWS RELEASE CONTACT: MUREM SHARPE
RELEASE DATE: 10/27/98 MSX INTERNATIONAL, INC.
248-299-1063
[email protected]
MSX INTERNATIONAL, INC. ACQUIRES EAST COAST INFORMATION TECHNOLOGY STAFFING
SERVICES COMPANIES.
MSX International, Inc., a global provider of technology-based business services
and product development services, headquartered in Auburn Hills, Michigan
announced today that it has entered into an agreement to acquire Lexstra
International, Inc. and Lexus Temporaries, Inc., providers of contract computer
consultants, systems analysts, and network support personnel. The companies are
headquartered in New York, NY and have locations in Boston, MA, Red Bank, NJ,
and Silver Spring, MD.
Larry Levine, president of Lexstra International, Inc., and Karen Suss, vice
president of Lexus Temporaries, Inc., who founded the companies in 1991, will
continue in their senior management roles.
"The acquisition of Lexstra International, Inc. and Lexus Temporaries, Inc. will
add significant capacity to our staffing services offerings and will represent a
major increase in our ability to deliver services in the high growth information
technology arena. The companies' strengths are in providing a broad range of IT
professionals to Fortune 500 financial services, telecommunications, insurance,
and information systems companies. Their strong presence in the Eastern region
of the U.S. enhances the strategic importance of these acquisitions to our
corporate growth plans," stated Roger Fridholm, president of the Business,
Technology and Staffing Services Group.
MSX International said the company expects to complete the transaction at the
end of this month. The combined annual revenue of the two companies is
approximately $50 million.
Levine said, "By joining MSX International, Lexstra International will benefit
from significant corporate resources to support our growth objectives. We will
have access to MSXI's global customer base and to resources for expansion in the
fast moving IT staffing industry. We will be well-positioned to meet increased
demand from current and new customers for our systems analysts, programmers,
project leaders and software developers."
"Lexus Temporaries' customers have relied on our company to respond rapidly to
their requirements for a broad range of computer operations staffing in network
management, desktop support, computer operations, and office automation. We will
be able to expand our reach within current customers and provide experienced
staff to an expanded customer base," added Suss.
With annual sales exceeding $1 billion, MSX International employs more than
12,000 professional staff and contract personnel in 53 operating locations and
22 countries across North America, South America, Europe, and Asia. MSX
International offers its customers a wide range of technology-based services
both on-site and off-site, including product engineering and manufacturing
engineering services; contract and temporary staffing; training services;
purchasing support services; electronic document and information storage and
retrieval services; process improvement consulting services; and marketing
support services.
This document contains statements which constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are not guarantees of future performance and involve
significant risks and uncertainties. Actual results may vary materially from
those in the forward-looking statements as a result of any number of factors,
many of which are beyond the control of management. These important factors are
discussed in the Company's Registration Statement on Form S-4 (dated July 21,
1998).
MSX International's headquarters is in Auburn Hills, Michigan. Visit MSX
International's website at http://www.msxi.com. MSX International's news
releases are also available at http://www.prnewswire.com.
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