8-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 4, 2008

On Assignment, Inc.

(Exact name of registrant as specified in its charter)

Delaware	000-20540	95-4023433
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
26651 West Agoura Road, Calabasas, California		91302
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code:  (818) 878-7900

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):

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))

Item 8.01 Other Events

On August 4, 2008 registrant filed a Form 8-K pursuant to Item 2.02 containing as an exhibit a press release disclosing material non-public information regarding the registrant’s results of operations for the quarter ended June 30, 2008.   The purpose of this Amended Form 8-K is to correct certain information contained in that previously filed Form 8-K pursuant to Item 2.02; specifically to correct: (i) the weighted average common and common equivalent shares outstanding –diluted for the six months ended June 30, 2008 from 34,241 to 35,612; (ii) the diluted earnings per share for the six months ended June 30, 2008 from $0.25 to $0.24; (iii) the interest expense (net) per share for the six months ended June 30, 2008 from $0.19 to $0.18; (iv) EBITDA per share for the six months ended June 30, 2008 from $.078 to $0.75; (v) equity-based compensation per share for the six months ended June 30, 2008 from $0.10 to $0.09; and (vi) Adjusted EBITDA per share for the six months ended June 30, 2008 from $0.88 to $0.84.

Corrected versions of the Summary Consolidated Statements of Operations table and the Reconciliation of GAAP Net Income and Earnings Per Share to Non-GAAP EBITDA and EBITDA Per Share table are furnished with this Current Report on Form 8-K/A as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits.

(d)	The following exhibit is furnished pursuant to Item 8.01:
	99.1	Summary Consolidated Statements of Operations table and Reconciliation of GAAP Net Income and Earnings Per Share to Non-GAAP EBITDA and EBITDA Per Share table

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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.

	On Assignment, Inc.
Date: August 5, 2008	/s/ James L. Brill
	James L. Brill
	Sr. Vice President, Finance and
	Chief Financial Officer

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EX-99.1

Exhibit 99.1

SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

	Quarter Ended									Six Months Ended
	June 30, 2008			June 30, 2007			March 31, 2008			June 30, 2008			June 30, 2007
Revenues	$	156,082		$	143,854		$	152,413		$	308,495		$	266,483
Cost of Services	105,418			97,613			104,985			210,403			182,782
Gross Profit	50,664			46,241			47,428			98,092			83,701
Selling, General and Administrative Expenses	38,826			38,992			39,697			78,523			73,253
Operating Income	11,838			7,249			7,731			19,569			10,448
Interest Expense	(2,323		)	(2,988		)	(2,662		)	(4,985		)	(5,124		)
Interest Income	158			220			273			431			638
Other (Expense) Income	1,071			431			(1,222		)	(151		)	431
Pre-tax Income	10,744			4,912			4,120			14,864			6,393
Income Tax Provision	4,652			1,974			1,717			6,369			2,544
Net Income	$	6,092		$	2,938		$	2,403		$	8,495		$	3,849
Diluted Earnings Per Share	$	0.17		$	0.08		$	0.07		$	0.24		$	0.11
Weighted Average Common and Common Equivalent Shares Outstanding—Diluted	35,838			35,813			35,375			35,612			35,660

RECONCILIATION OF GAAP NET INCOME AND EARNINGS PER SHARE TO NON-GAAP EBITDA AND EBITDA PER SHARE

(In thousands, except per share amounts)

(unaudited)

	Quarter Ended
	June 30, 2008						June 30, 2007						March 31, 2008
Net Income	$	6,092		$	0.17		$	2,938		$	0.08		$	2,403	$	0.07
Other Expense (Income)	(1,071		)	(0.03		)	(431		)	(0.01		)	1,222		0.03
Interest Expense, net	2,165			0.06			2,768			0.08			2,389		0.07
Income Tax Provision	4,652			0.13			1,974			0.06			1,717		0.05
Depreciation	1,216			0.03			1,551			0.04			1,356		0.04
Amortization of Intangibles	2,372			0.07			3,778			0.10			2,328		0.06
EBITDA	15,426			0.43			12,578			0.35			11,415		0.32
Equity-based Compensation	1,560			0.04			2,231			0.06			1,585		0.05
Adjusted EBITDA	$	16,986		$	0.47		$	14,809		$	0.41		$	13,000	$	0.37
Weighted Average Common and Common Equivalent Shares Outstanding	35,838						35,813						35,375

	Six Months Ended
	June 30, 2008				June 30, 2007
Net Income	$	8,495	$	0.24	$	3,849		$	0.11
Other Expense (Income)	151		0.00		(431		)	(0.01		)
Interest Expense, net	4,554		0.13		4,486			0.13
Income Tax Provision	6,369		0.18		2,544			0.07
Depreciation	2,572		0.07		2,892			0.08
Amortization of Intangibles	4,700		0.13		7,943			0.22
EBITDA	26,841		0.75		21,283			0.60
Equity-based Compensation	3,145		0.09		3,337			0.09
Adjusted EBITDA	$	29,986	$	0.84	$	24,620		$	0.69
Weighted Average Common and Common Equivalent Shares Outstanding	35,612				35,660