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 26, 1998
SITEL CORPORATION
(Exact name of registrant as specified in its charter)
Minnesota 1-12577 47-0684333
(State or jurisdiction of (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
111 S. Calvert, Suite 1710
Baltimore, Maryland 21202
(410) 659-5700
(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 May 26, 1998, in connection with the acquisition of all of the
outstanding shares of SA Intuiparc ("IPA"), a French corporation, by an
affiliated company of the registrant, the registrant issued 41,353 shares of its
Common Stock to the owners of IPA. The issued shares were sold outside the
United States in reliance on multiple exemptions from registration, including
without limitation 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: May 29, 1998 SITEL Corporation
By: /s/ W. Gar Richlin
_____________________________________
W. Gar Richlin
Executive Vice President - Finance
and Chief Financial Officer
