8-K: Current report filing
Published on April 9, 1997
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 8, 1997
Registrant's telephone number, including area code (503) 220-0988
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Item 5. Other Events.
On April 8, 1997, Barrett Business Services, Inc. ("Barrett")
reported that its farm and forest labor contractor license had been revoked by
the State of Oregon through a default judgment received on April 4, 1997. The
license revocation included civil penalties of $488,000. The State's action is
based upon allegations that Barrett violated certain requirements imposed on
farm and forest labor contractors. The effect of the license revocation is to
preclude Barrett from conducting business with certain customers, which
represented approximately $4.0 million of Barrett's 1996 revenues of $215.8
million, or less than two percent.
Barrett had previously disclosed that it had received a notice
from the State outlining certain purported deficiencies primarily related to
written documentation evidencing that the terms and conditions of employment and
workers' rights and remedies had been properly communicated to employees.
The State's assertions prevailed through a default judgment as
a result of the failure by one of Barrett's law firms to file a response to the
notice within the prescribed 20-day period. Barrett believes that the State's
allegations are substantially without merit and intends to promptly pursue
administrative relief of the default judgment.
Accompanying this report as Exhibit 99 is a copy of the news
release, dated April 8, 1997, in which Barrett announced the revocation of its
farm and forest labor contractor license and the assessment of $488,000 in civil
penalties.
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Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 News Release of Barrett Business
Services, Inc., dated April 8, 1997
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SIGNATURE
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 thereunto duly authorized.
DATED: April 9, 1997 Barrett Business Services, Inc.
By: /s/ Michael D. Mulholland
Michael D. Mulholland
Vice President - Finance
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EXHIBIT INDEX
Exhibit
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99 News Release of Barrett Business Services, Inc., dated April 8, 1997
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