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) April 22, 2002
Cross Country, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware 0-33169 13-4066229
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification
incorporation) No.)
6551 Park of Commerce Blvd., N.W., Suite 200, Boca Raton, FL 33487
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(Address of Principal Executive Offices) (Zip Code)
(561) 998-2232
(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, If Changed Since Last Report.)
ITEM 5. OTHER EVENTS.
Incorporated by reference is a press release issued by the Company on
April 22, 2002, which is attached hereto as Exhibit 1.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) EXHIBITS.
Exhibit Description
1.1 Press release issued by the Company on April 22, 2002
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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.
CROSS COUNTRY, INC.
BY: /s/ Emil Hensel
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Name: Emil Hensel
Title: Chief Financial Officer
Date: April 22, 2002
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Exhibit 1.1
CROSS COUNTRY, INC. ANNOUNCES TERMINATION OF LOCKUP ON 635,107 SHARES.
BOCA RATON, Fla., April 22, 2002/ -- Cross Country, Inc. (Nasdaq: CCRN)
today announced that an aggregate of 635,107 shares of common stock will become
eligible for resale in the public market on April 23, 2002 as a result of the
termination of the underwriters' lockup in connection with the Company's initial
public offering effected on October 24, 2001.
In connection with the Company's public offering effected March 20, 2002,
Cross Country, its directors and executive officers as well as Charterhouse
Equity Partners III, L.P. and Morgan Stanley Private Equity agreed not to sell
or transfer any shares of common stock until June 19, 2002 without the consent
of the underwriters. Accordingly, on such date an aggregate of 11,977,464
restricted shares will become eligible for resale in the public market. In
addition, in connection with such offering, DB Capital Investors L.P. and the
Northwestern Mutual Life Insurance Company agreed not to sell or transfer any
shares of common stock held by them until May 20, 2002. On such date, an
aggregate of 635,587 shares of common stock will become eligible for sale in the
public market.
The underwriters may release some or all of these shares from the
restrictions at any time. Cross Country, Inc. is a leading provider of
healthcare staffing services in the United States. The company has an active
client base of over 3,000 hospitals, pharmaceutical companies and other
healthcare providers across all 50 states.
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Contact: Brian Hekman, Director, Corporate Communications 800-998-5187