|
Quotes & Info
|
| KFRC > SEC Filings for KFRC > Form 8-K on 30-Oct-2009 | All Recent SEC Filings |
30-Oct-2009
Regulation FD Disclosure
Expiration of Rights Agreement
As previously reported in Item 5 of our Quarterly Report on Form 10-Q for the quarter ended September 30, 2008, Kforce Inc. ("Kforce") entered into a Rights Agreement ("Agreement") with Computershare Trust Company, N.A., as Rights Agent, which was effective October 29, 2008. The Agreement was intended to be a new rights agreement that effectively extended protections similar (but with certain modifications) to those provided by Kforce's previous rights agreement dated as of October 29, 1998, as amended on October 24, 2000.
On October 28, 2009, the Agreement automatically terminated due to it not being put to a vote, and thus not being ratified by a vote of the majority of the outstanding capital stock of Kforce represented in person or by proxy at a meeting for which a quorum existed.
Excise Tax Gross-Up Provisions - Employment Agreements
On October 30, 2009, the Compensation Committee of the Board of Directors of Kforce resolved to not enter into any new employment agreements, or materially amend any existing employment agreements, with its executives that contain excise tax gross-up provisions going forward.
The information furnished herewith pursuant to Item 7.01 of this Current Report shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.
|
|