SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) October 10, 2002
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CENTURY BUSINESS SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 22-2769024
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(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
0-25890
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(Commission File Number)
6480 Rockside Woods Blvd., South, Suite 330
Cleveland, Ohio 44131
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (216) 447-9000.
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Item 5. Other Events
On October 10, 2002, Century Business Services, Inc. announced that
Chairman Michael G. DeGroote has resigned from the Company's Board of Directors
for health reasons, and that current Chief Executive Officer and Director Steven
L. Gerard has been elected as Chairman of the Board. In addition, to fill the
vacancy created by Mr. DeGroote's resignation, the Board of Directors has
appointed Mr. DeGroote's son, Mr. Gary W. DeGroote, to the Board.
The Company is providing this disclosure under Form 8-K in connection
with the SEC's Proposed Rule: Additional Form 8-K Disclosure Requirements and
Acceleration of Filing Date, which although not effective yet, requires
registrants to disclose resignations of directors for reasons other than a
disagreement or removal by cause, as well as the election of new directors.
The Press Release announcing this event is also attached as an Exhibit.
Item 7. Exhibits
99.5 Press Release dated October 10, 2002.
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 hereunto duly authorized.
CENTURY BUSINESS SERVICES, INC.
Date: October 16, 2002 /s/ Ware H. Grove
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Ware H. Grove
Chief Financial Officer