<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): January 31, 1997
SITEL CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 1-12577 47-0684333
(State or jurisdiction (Commission File (IRS Employer
incorporation or Number) Identification No.)
organization)
13215 Birch Street
Omaha, Nebraska 68164
(402) 963-3010
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
____________________________________________
This 8-K consists of 3 pages.
<PAGE>
Item 9. Sales of Equity Securities Pursuant to Regulation S.
On January 31, 1997, in connection with the acquisition of all of the
outstanding shares in Telebusiness New Zealand Limited ("Telebusiness") by an
affiliated company of the registrant, the registrant issued 515,488 shares of
its Common Stock to the owners of Telebusiness in satisfaction of 14,395,000
New Zealand Dollars of the acquisition price. The issued shares were sold
outside the United States in reliance upon Regulation S.
<PAGE>
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, thereunto duly authorized.
Date: February 12, 1997 SITEL Corporation
By: /s/Michael P May
_________________________________
Michael P. May, Chief Executive Officer