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 ACT OF 1934
Date of Report (Date of earliest event reported): June 29, 1998
Commission file number 0-19433
Technology Solutions Company
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(Exact name of registrant as specified in its charter)
Delaware 36-3584201
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(State or Other Jurisdiction (I.R.S. Employer
of Corporation) Identification No.)
205 North Michigan Avenue, Chicago, IL 60601
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(Address of principal executive offices) (Zip Code)
(312) 228-4500
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
1. Press release of the Company dated June 29, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf
by the undersigned, thereunto duly authorized on the 8th day of July 1998.
TECHNOLOGY SOLUTIONS COMPANY
Date: July 8, 1998 By: /s/ Martin T. Johnson
Martin T. Johnson
Chief Financial Officer
NEWS RELEASE
For further information, contact:
Tork Johnson, Chief Financial Officer
Melody Eckert, Investor Relations
Technology Solutions Company Date: June 29, 1998
312.228.4500 For Release: Immediate
Web: www.TechSol.com
Technology Solutions Company Announces
Three for Two Stock Split
CHICAGO-June 29, 1998-Technology Solutions Company (Nasdaq:
TSCC) today announced that its board of directors approved a
three for two stock split of the company's common stock. The
stock split effects a 50 percent stock dividend to be distributed
on August 10, 1998, to shareholders of record as of the close of
business on July 16, 1998.
"We are extremely pleased to have achieved yet another record
in our 1998 fourth fiscal quarter. This marks the 14th
consecutive quarter of year over year revenue increases in excess
of 40 percent for the company," stated John T. Kohler, president
and chief executive officer. "Our three year compound annual
growth rate (CAGR) in revenue and earnings has been 60 percent
and 84 percent, respectively, while total headcount grew at a 55
percent CAGR rate in the same three year period. This stock
split will broaden and diversify our shareholder base, allowing a
larger audience to participate in the phenomenal growth of our
company."
Technology Solutions Company provides information technology
and strategic business consulting services that help clients
transform customer relationships and improve operations. TSC
partners with clients in a wide range of industries and has
earned recognition as a leader in client/server solutions for the
integration of packaged software, call center and customer
relationship management, supply chain management, and financial
services. The company has headquarters in Chicago with major
offices throughout the U.S., and in Canada, Latin America, Europe
and Australia.
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Any forward looking statements, including those referring to
market outlook and company prospects included in this news
release reflect management's best judgment based on factors
currently known, involve risks and uncertainties including the
successful completion of client projects and the development of
new consulting services and geographic markets, the successful
integration of the operations of acquired businesses and business
combinations, and other risks detailed from time to time in the
company's SEC reports, including the Report on Form 10-K for the
year ended May 31, 1997, and the annual report to shareholders.
Actual results may vary materially.
