UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) November 14, 2013
COMPUTER TASK GROUP, INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
NEW YORK | 1-9410 | 16-0912632 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
800 Delaware Avenue, Buffalo, NY | 14209 | |
(Address of Principal Executive Offices) | (Zip Code) |
(716) 882-8000
(Registrants Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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 (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On November 14, 2013, the Company issued a press release announcing that its Board of Directors declared a dividend of $0.05 per share on its common stock. This dividend is payable January 2, 2014 to shareholders of record at the close of business on December 16, 2013. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits The following exhibit is filed as part of this report: | |
99.1 | Press release, dated November 14, 2013. |
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SIGNATURE
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.
Date: November 14, 2013 | COMPUTER TASK GROUP, INCORPORATED | |||||
/s/ Peter P. Radetich | ||||||
Peter P. Radetich | ||||||
Senior Vice President, General Counsel and Secretary |
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Exhibit 99.1
NEWS RELEASE
CONTACTS:
Investors and Media:
James R. Boldt, Chairman and Chief Executive Officer
(716) 887-7244
Investors:
Brendan Harrington, Senior Vice President and Chief Financial Officer
(716) 888-3634
CTG BOARD OF DIRECTORS DECLARES FIVE CENT PER COMMON SHARE QUARTERLY DIVIDEND
BUFFALO, N.Y. November 14, 2013 CTG (NASDAQ: CTG), an information technology (IT) solutions and services company, today announced that its board of directors has declared a $0.05 per share dividend on the Companys common stock outstanding, payable in cash on January 2, 2014 to shareholders of record on December 16, 2013.
CTG Chairman and Chief Executive Officer James R. Boldt commented, We are pleased to announce the declaration by CTGs board of directors of our fourth quarterly cash dividend since the board initiated a quarterly cash dividend earlier this year of five cents per common share. Based on the strength of CTGs business, financial position, and future outlook, we are confident in our ability to fund a regular quarterly dividend, as well as further investments in our business and share repurchases.
About CTG
CTG develops innovative IT solutions to address the business needs and challenges of companies in several higher-growth industries including healthcare, financial services, energy, and technology services. As a leading provider of IT and business consulting solutions to the healthcare market, CTG offers hospitals, physician groups, and health information exchanges a full range of electronic medical record services. Additionally, CTG has developed for the healthcare provider and payer markets unique, proprietary software solutions that support better and lower cost healthcare. CTG also provides managed services IT staffing for major technology companies and large corporations. Backed by over 45 years experience, proprietary methodologies, and an ISO 9001-certified management system, CTG has a proven track record of delivering high-value, industry-specific solutions. CTG operates in North America and Western Europe. CTG posts news and other important information on the Web at www.ctg.com.
Safe Harbor Statement
This document contains certain forward-looking statements concerning the Companys current expectations as to future growth. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Companys services, and other factors that involve risk and uncertainty. As such, actual results may differ materially in response to a change in such factors. Such forward-looking statements should be read in conjunction with the Companys disclosures set forth in the Companys 2012 Form 10-K, which is incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.
END