PRGX Global, Inc. (NASDAQ:PRGX) Files An 8-K Completion of Acquisition or Disposition of Assets
Item2.01. Completion of Acquisition or Disposition of Assets
This Current Report on Form 8-K/A amends the Form 8-K previously
filed by PRGX Global, Inc. on February27, 2017. This report
includes the financial statements that had been omitted from the
previously filed Current Report on Form 8-K as permitted by Item
9.01(a)(4) of Form 8-K.
On February23, 2017, PRGX Global, Inc., through its wholly owned
subsidiaries PRGX USA, Inc. and PRGX UK LTD. (collectively
PRGX or the Company), consummated the acquisition
of substantially all of the assets of Cost Compliance Associates,
LLC and Cost Compliance Associates Limited (collectively,
CCA or the Sellers) to the terms of that certain
Asset Purchase Agreement by and among PRGX, CCA and Robert F.
Donohue. PRGX is filing this Current Report on Form 8-K/A to
provide certain financial statements and unaudited pro forma
financial information of CCA required by Item 9.01 of Form 8-K
and should be read in conjunction with PRGXs Current Report on
Form 8-K previously filed on February27, 2017.
Item9.01.Financial Statements and Exhibits
(a) | Financial Statements of Business Acquired |
The audited consolidated financial statements of Cost Compliance
Associates, LLC as of and for the years ended December31, 2015
and 2016, including the notes to such financial statements and
the report of Hancock Askew Co., LLP are filed with this Current
Report on Form 8-K/A as Exhibit99.1 and are incorporated by
reference herein.
(b) | Pro forma Financial Information |
The unaudited pro forma financial information included with this
Current Report on Form 8-K/A has been prepared to illustrate the
pro forma effects of the acquisition of CCA.The unaudited pro
forma condensed combined balance sheet as of December31, 2016 and
the unaudited pro forma condensed combined statement of
operations for the year ended December31, 2016 are filed with
this Current Report on Form 8-K/A as Exhibit99.2 and are
incorporated by reference herein. The unaudited pro forma
condensed combined balance sheet as of December31, 2016 gives
effect to the acquisition of CCA as if it had occurred as of
December31, 2016. The unaudited pro forma condensed combined
statements of operations for the year ended December31, 2016 give
effect to the acquisition of CCA as if it had occurred as of
January1, 2016.All pro forma information in this Current Report
on Form 8-K/A has
been prepared for informational purposes only and is not
necessarily indicative of the past or future results of
operations or financial position of CCA or the Company.
(d) | Exhibits |
23.1 | Consent of Hancock Askew Co., LLP |
99.1 |
Audited Consolidated Financial Statements of Cost Compliance Associates, LLC for the two years ended December31, 2016 and 2015 |
99.2 |
Unaudited Pro Forma Condensed Combined Balance Sheet as of December31, 2016; Unaudited Pro Forma Condensed Combined Statement of Operations for the year ended December31, 2016 |
About PRGX Global, Inc. (NASDAQ:PRGX)
PRGX Global, Inc. (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services. The Recovery Audit Services-Americas segment represents recovery audit services the Company provides in the United States, Canada and Latin America. The Recovery Audit Services-Europe/Asia-Pacific segment represents recovery audit services it provides in Europe, Asia and the Pacific region. The Adjacent Services segment includes spend analytics (data transformation and cost harmonization), Supplier Information Management (SIM) and Chartered Institute of Purchasing & Supply (CIPS) Sustainability Index (CSI). PRGX Global, Inc. (NASDAQ:PRGX) Recent Trading Information
PRGX Global, Inc. (NASDAQ:PRGX) closed its last trading session down -0.10 at 6.30 with 22,689 shares trading hands.