| Ticker: STAF | 302 East Millsap Road | |
| Exchange: NASDAQ-National Market | Fayetteville, Alaska 72703 | |
| Industry: High-Tech | (501) 973-6000 |
| Type of Shares: | Common Shares | Filing Date: | 7/3/96 | |
| U.S. Shares: | 5,500,000 | Offer Date: | 9/27/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 5,500,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $60,500,000 | Selling: | $0.50 | |
| Expenses: | $2,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 12,473,249 |
| Manager | Tier | Phone |
| J.C. Bradford & Co. | Lead Manager | (615) 271-1334 |
| Stephens Inc. | Co-manager | (501) 374-4361 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $146.69 | $34.67 | $26.38 | Assets: | $43.68 |
| Net Income: | $3.11 | $0.48 | $0.83 | Liabilities: | $34.74 |
| EPS: | $0.37 | $0.06 | Equity: | $8.94 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was founded in March 1996 to create a leading provider of diversified staffing services to businesses, professional and service organizations, governmental agencies and healthcare providers, primarily in growth markets in the South. StaffMark has entered into agreements to acquire, simultaneously with the closing of this offering, the six Founding Companies, which have on average operated for over 15 years. The company will provide a wide variety of staffing services through 91 branch offices located in Arkansas, Colorado, Georgia, North Carolina, Oklahoma, South Carolina, Tennessee and Virginia. The company's senior management will be comprised primarily of stockholders of the Founding Companies. The company's business is organized into three divisions: Commercial, Professional, and Specialty Medical. The Commercial division provides clerical and light industrial staffing services, the Professional division provides technical, professional and information technology staffing services, the Specialty Medical division provides healthcare and medical staffing services such as physical and occupational therapists, speech pathologists and clinical trials support services. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay indebtedness, to pay the cash portion of the purchase price for the Founding Companies and for general corporate purposes, including acquisitions. |
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