SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported) April 29, 2003
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CENTURY BUSINESS SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 22-2769024
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(State of other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
0-25890
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(Commission File Number)
6480 Rockside Woods Blvd., South, Suite 330
Cleveland, Ohio 44131
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (216) 447-9000.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Item 7(c). Exhibits
Exhibit 99.1 Press Release of Century Business Services, Inc. dated
April 29, 2003, announcing its financial results for the
first quarter ended March 31, 2003.
ITEM 9. REGULATION FD DISCLOSURE
The following information is furnished pursuant to Item 12, "Disclosure of
Results of Operations and Financial Condition."
On April 29, 2003, Century Business Services, Inc. announced its earnings for
the first quarter ended March 31, 2003. A copy of the press release is filed
herewith as Exhibit 99.1.
In addition, on April 29, 2003, Century conducted its quarterly earnings
conference call for the period ended March 31, 2003. On this conference call, it
was disclosed that Century's operating cash and net receivable balances at March
31, 2003 were approximately $3.3 million and $128.0 million, respectively. In
addition, Century's days sales outstanding at March 31, 2003 were 84 days as
compared to 88 days a year ago.
The information contained in this Current Report, which is intended to be
furnished under Item 12, "Results of Operations and Financial Condition," is
instead being furnished under Item 9, "Regulation FD Disclosure" pursuant to
interim guidance issued by the Securities and Exchange Commission in Release
Nos. 33-8216 and 34-47583. As such, the information hereunder shall not be
deemed to be "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section, nor shall it be incorporated by reference into a filing under the
Securities Act of 1933, or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.
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.
CENTURY BUSINESS SERVICES, INC.
Date: April 30, 2003 /s/ Ware H. Grove
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Ware H. Grove
Chief Financial Officer