U. S. 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) December 29, 1998
FTI CONSULTING, INC.
(Exact name of registrant as specified in its charter)
Maryland 0000887936 52-1261113
(State of other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
2021 Research Drive, Annapolis, Maryland 21401
(Address of principal executive offices, including Zip Code)
(410) 224-8770
(Registrant's telephone number, including area code)
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FTI CONSULTING, INC.
ITEM 5. Other Events.
On December 29, 1998, FTI Consulting, Inc. (the "Company") announced the
appointment of Stewart J. Kahn to the position of President. Jack B. Dunn, IV,
remains as Chairman and Chief Executive Officer of the Company. Additionally,
Gary Sindler, has resigned as Executive Vice President, Chief Financial Officer
and Secretary effective January 31, 1998.
(c) Exhibits
99.1 Press release issued on December 29, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
FTI CONSULTING, INC.
(Registrant)
By: /s/ Gary Sindler
------------------------------------------
Gary Sindler
Executive Vice President and Chief
Financial Officer, Secretary and Treasurer
DATED: January 8, 1999
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INDEX TO EXHIBITS
EXHIBIT
NO. EXHIBIT
99.1 Press release issued on December 29, 1998.
EXHIBIT 99.1
FOR: FTI Consulting, Inc.
APPROVED BY: Jack Dunn, Chairman and CEO
FTI Consulting, Inc.
(410) 224-8770
FOR IMMEDIATE RELEASE
CONTACT: Investor Relations:
Cheryl Schneider/Tessa Lavender Beck
Press: Michael McMullan
Morgen-Walke Associates, Inc.
(212) 850-5600
FTI CONSULTING, INC. APPOINTS STEWART KAHN AS PRESIDENT
- JACK DUNN REMAINS AS CHAIRMAN AND CHIEF EXECUTIVE OFFICER -
- GARY SINDLER, CHIEF FINANCIAL OFFICER, IS RESIGNING -
Annapolis, MD, December 29, 1998 - FTI Consulting, Inc. (Nasdaq: FTIC), a
leader in litigation and claims management consulting, today announced that it
has appointed Stewart Kahn to the position of President. Jack Dunn remains as
Chairman and Chief Executive Officer of FTI. The Company also announced that
Gary Sindler has resigned as Chief Financial Officer of FTI to pursue other
opportunities. Mr. Sindler is expected to remain with FTI through January 1999,
and a search for his successor is currently underway.
Since founding Kahn Consulting in 1989, which was acquired by FTI in
September 1998, Mr. Kahn, 54, has advised companies on issues regarding
organization, structure, and financing, as well as testified as an accounting
expert. Prior to his tenure at Kahn Consulting, he served as a supervisory
partner at Arthur Andersen & Co. from 1981 to 1989, where he helped initiate,
grow, manage, and lead a worldwide litigation support practice. Mr. Kahn was
named Partner at Arthur Andersen & Co. in 1977.
As President of FTI, Mr. Kahn will oversee further development of the
Company's three primary areas of business: Litigation Services, led by Pat
Brady, who will also continue as Chief Operating Officer of FTI; Applied
Sciences, led by Glenn Baker, who joined FTI upon its acquisition of S.E.A.,
Inc. in September 1998; and, Expert Financial Services, led by Barry Monheit,
who also joined FTI with the acquisition of Kahn Consulting. Mr. Kahn will be
based in FTI's New York City office, but will also work out of the Company's
Annapolis, Maryland headquarters.
Mr. Dunn said, "We are very pleased to announce the appointment of Stewart
Kahn to the position of President. He significantly adds to FTI's senior
management team. With his considerable
- more -
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FTIC: APPOINTS STEWART KAHN AS PRESIDENT PAGE 2
consulting experience, he is particularly well suited to oversee the further
integration and development of FTI's three primary areas of business: Litigation
Services, Applied Sciences, and Expert Financial Services."
Mr. Dunn added, "With Stewart focused on FTI's internal growth, I will now
be able to concentrate on the Company's external growth, including exploring new
business opportunities and further solidifying FTI's relationships with clients,
vendors, and investors. We believe that the pieces are now in place for FTI to
achieve its vision of becoming a fully integrated, nationally positioned
litigation services and consulting firm."
Mr. Dunn concluded, "On behalf of the Board of Directors, I want to thank
Gary Sindler for his significant contributions to FTI Consulting. We are sorry
to see him go and wish him every success in his future endeavors."
FTI Consulting, Inc., is a leading provider of litigation and claims
management consulting services to major corporations, law firms and insurance
companies in the United States. Through a unique integrated approach to
strategic consulting, FTI Consulting's services include visual communications
and trial consulting, engineering and scientific services, expert financial
services, and assessment and expert testimony regarding intellectual property
rights and claims management outsourcing services, from assessment to
restoration. The Company is headquartered in Annapolis, Maryland, and has 35
offices located throughout the United States and Canada.
This press release includes "forward-looking statements" that involve
uncertainties and risks. There can be no assurance that actual results will not
differ from the Company's expectations. Factors that could cause such
differences include the pace and timing of additional acquisitions, THE
COMPANY'S ABILITY TO INTEGRATE ITS PRIMARY AREAS OF BUSINESS, the Company's
ability to realize cost savings and efficiencies, competitive and general
economic conditions, and other risks described in the Company's filings with the
Securities and Exchange Commission.
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