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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) May 5, 1999
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National TechTeam, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 0-16284 38-2774613
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
835 Mason Street, Suite 200 Dearborn, MI 48124
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(Address of principal executive offices) (City, State) (Zip Code)
Registrant's telephone number, including area code (313) 277-2277
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(Former name of former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On May 5, 1999, the Company issued the press release attached as Exhibit 2.1 to
this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
2.1 Press release dated on May 5, 1999 "NATIONAL TECHTEAM, INC. ANNOUNCES
APPOINTMENT OF PETER T. KROSS TO THE BOARD OF DIRECTORS"
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 hereunto duly authorized.
NATIONAL TECHTEAM, INC.
Dated: May 7, 1999 By: /s/ M. Anthony Tam
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M. Anthony Tam
Vice President, Chief Financial
Officer and Treasurer
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INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION
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2.1 Press release dated on May 5, 1999 "NATIONAL
TECHTEAM, INC. ANNOUNCES APPOINTMENT OF PETER T.
KROSS TO THE BOARD OF DIRECTORS"
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[NATIONAL TECHTEAM LETTERHEAD]
NEWS RELEASE
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FOR IMMEDIATE RELEASE - MAY 5, 1999 International Provider of Computer Services
National TechTeam, Inc.
835 Mason Street, Suite 200
Dearborn, Michigan 48124 NASDAQ/NM - "TEAM"
CONTACT:
NATIONAL TECHTEAM, INC.
Victoria H. Neville
Director of Marketing, Communications and
Investor Relations
NATIONAL TECHTEAM, INC. ANNOUNCES APPOINTMENT OF
PETER T. KROSS TO THE BOARD OF DIRECTORS
DEARBORN, MICHIGAN, May 5, 1999...NATIONAL TECHTEAM, INC., NASDAQ symbol
("TEAM") today announced that the Board of Directors has appointed Peter T.
Kross to fill an open seat on the Board of Directors. Mr. Kross' board
appointment was effective April 27, 1999. He will be included on the slate of
directors standing for re-election at National TechTeam's May 26, 1999 Annual
Meeting.
Mr. Kross currently is a Senior Vice President with Everen Securities, Inc., a
New York Stock exchange member broker dealer firm. From 1963 to 1968, Peter
Kross was employed by Coopers & Lybrand. Since 1969, Mr. Kross has been employed
in various capacities in the investment consulting field. Between 1997 and 1998,
Mr. Kross served on the Board of Directors of Dravo Corporation, a NYSE listed
company, which was acquired in October of 1998 by Carmeuse Lime Incorporated.
"Mr. Kross brings a strong financial and investment background to the Board of
Directors that will be a valuable addition to the Board's Audit and Compensation
Committees," remarked William F. Coyro, Jr., Chairman of the Board of Directors
for National TechTeam. "TechTeam's Board of Directors and Senior Management Team
is very focused on growth and increasing shareholder value. Peter brings over 30
years experience in the securities industry and is a strong advocate of
increasing shareholder value. I look forward to his contributions to our
financial, investment and business strategies."
-more-
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[NATIONAL TECHTEAM LETTERHEAD]
NEWS RELEASE
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NATIONAL TECHTEAM, INC. is a premier provider of DESKTOP MANAGEMENT SERVICES to
large national and multi-national corporations, government agencies and service
organizations. The Company offers its services through three global units: (i)
CORPORATE SERVICES, which provides corporations with desktop management and
related support services including help desk, network management & systems
integration, custom training, and technical staffing. (ii) OEM CALL CENTER
SERVICES, which provides end user customers of its clients with inbound
telephone support for their computer products; and (iii) TECHTEAM CAPITAL GROUP,
which consists primarily of leasing computer-related hardware and integrated
services to corporate customers. National TechTeam is traded under the symbol
"TEAM".
Information about National TechTeam and its services is available at
http://www.techteam.com or by calling 1-800-522-4451.
The foregoing contains forward-looking statements. The matters expressed in such
statements are subject to numerous uncertainties and risks including but not
limited to general economic conditions in the markets in which TechTeam
operates, fluctuation in demand for computer related services and products, and
current expectations of TechTeam or its management. Should one or more of those
uncertainties or risks materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described as
forward-looking statements. TechTeam does not intend to update those
forward-looking statements.
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