8-K 1 form8k.htm POMEROY IT SOLUTIONS 8K 6-30-2008 form8k.htm


UNITED STATES
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): June 30, 2008


POMEROY IT SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)


Delaware
 
0-20022
 
31-1227808
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)


1020 Petersburg Road, Hebron, KY 41048
(Address of principal executive offices and Zip Code)

Registrant's telephone number, including area code (859) 586-0600

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
 
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 



 
Section 8 – Other Events


Item 8.01 Other Events.


The Company’s largest services contract for the provision of staffing services expired by its terms on June 30, 2008 and the contract will not be renewed.  The Company anticipates that there will be continuing work under the agreement after June 30, 2008, in order to complete engagements that are now in progress and transition staffing services to other service providers.  Revenues from the contract have comprised approximately $65 to $75 million annually for the past two fiscal years, although these revenues typically have a lower gross profit margin than revenues for other services provided by the Company.

The press release is included as Exhibit 99.1 to this report and incorporated by reference in its entirety into this Item 8.01.

Section 9. – Financial Statements and Exhibits

Item 9.01 Financial statements and Exhibits
 
(d)
Exhibits

 Press release, dated July 7, 2008.


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.

   
POMEROY IT SOLUTIONS, INC.
     
     
Date:   July 7, 2008
   
   
By:  /s/ Keith R. Coogan
     
     
   
Keith R. Coogan, President and Chief Executive Officer