| Lamalie Associates, Inc. | |||
| Ticker: | LAIX | 200 Park Avenue, Suite 3100 | |
| Exchange: | NASDAQ-National Market | New York, NY 10166 | |
| Industry: | Service (SIC Code 8742) | (212) 953-7900 | |
| Type of Shares: | Common Shares | Filing Date: | 4/29/97 | |
| U.S. Shares: | 2,000,000 | Offer Date: | 7/1/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,000,000 | Offer Price: | $12.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.84 | |
| Offering Amount: | $22,000,000 | Selling: | $0.49 | |
| Expenses: | $700,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,025,000 |
| Manager | Tier | Phone |
| Robert W. Baird & Company | Lead Manager | (414) 765-3632 |
| William Blair & Company | Co-manager | (312) 364-8990 |
| Issuer's Law Firm: | Trenam Simmons Kemker Scharf Barkin Frye & O'Neill |
| Bank's Law Firm: | Neal Gerber & Eisenberg |
| Auditor: | Arthur Andersen |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 2/28/97 | 2/28/97 | ||||
| Revenue: | $46.44 | Assets: | $25.56 | ||
| Net Income: | -$0.57 | Curr Assets: | |||
| EPS: | -$0.18 | Liabilities: | $22.93 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | -$0.65 | Equity: | $2.63 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is one of the fastest growing executive search firms and is the fifth largest search firm in the United States, principally serving Fortune 500 and large private companies. LAI, which conducts business under the name "Lamalie Amrop International," fulfills its clients' leadership needs by identifying, evaluating, assessing and recommending qualified candidates for senior level positions. The company provides executive search services exclusively on a retained basis, and charges a fee typically equal to one-third of the first year cash compensation for the position being filled. The average first year cash compensation of positions for which the company conducted searches in fiscal 1997 was approximately $226,000. The company provides its clients with global search fulfillment capabilities as a member of Amrop International, an alliances of 34 independently owned executive search firms with 82 offices in 48 countries. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay certain bank debt, make additional capital expenditures for technology upgrades and enhancements, and for working capital and for general corporate purposes, including the possible opening of additional offices and selective acquisitions. |