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 4, 2003
----------------
BARRETT BUSINESS SERVICES, INC.
(Exact name of registrant as specified in charter)
Maryland
(State or other jurisdiction of incorporation)
0-21886
(SEC File Number)
52-0812977
(IRS Employer Identification No.)
4724 S.W. Macadam Avenue
Portland, Oregon 97239
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(503) 220-0988
Item 5. Other Events.
On December 4, 2003, Barrett Business Services, Inc. (the "Company"),
issued a press release announcing that it has reached an agreement in principle
to acquire certain assets of Skills Resource Training Center ("SRTC") pursuant
to an asset purchase agreement effective January 1, 2004. As consideration for
the acquisition, the Company will pay $3 million in cash due upon closing and
issue up to $2 million in shares of the Company's common stock based on its
current market price. The number of shares to be issued will be subject to
adjustment based on the level of financial performance achieved by SRTC offices
during calendar 2004. The press release is filed with this report as Exhibit
99.1 and is incorporated into this report by this reference.
Item 7. Financial Statements, Pro Forma Financial Information, and Exhibits.
(c) The following exhibits are filed with this report:
99.1 Press release of the Company, issued December 4, 2003.
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.
BARRETT BUSINESS SERVICES, INC.
Dated: December 5, 2003 By: /s/ Michael D. Mulholland
-------------------------------
Michael D. Mulholland
Vice President - Finance