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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: JULY 28, 1999
TEAM AMERICA CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Ohio 0-21533 31-1209872
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(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION
NUMBER)
INCORPORATION OR
ORGANIZATION)
110 E. Wilson Bridge Road
Worthington, Ohio 43085
(614) 848-3995
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S
PRINCIPAL EXECUTIVE OFFICES)
Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER ITEMS.
On July 19, 1999, Nasdaq informed TEAM America Corporation, an Ohio
corporation (the "Company"), that it was no longer in compliance with the
continued listing requirements of the Nasdaq National Market and will be
delisted from the Nasdaq National Market. The Company has appealed the decision
to a Nasdaq Listing Qualifications Panel. A hearing on the appeal will be held
on August 27, 1999. During the appeal process, the Company's common stock will
continue to be listed on the Nasdaq National Market. If the Company is not
successful in its appeal, the Company will exercise its option to apply for
listing on the Nasdaq SmallCap Market.
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.
TEAM AMERICA CORPORATION
Date: July 28, 1999 By: /s/Michael R. Goodrich
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Michael R. Goodrich, Chief Financial Officer
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