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PMRY > SEC Filings for PMRY > Form 8-K on 3-Sep-2008All Recent SEC Filings

Show all filings for POMEROY IT SOLUTIONS INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for POMEROY IT SOLUTIONS INC


3-Sep-2008

Other Events


Item 8.01 Other Events.

Effective August 29, 2008, Flagg Street Partners Qualified LP ("Flagg Street"), the holder of 1,249,325 shares of common stock of Pomeroy IT Solutions, Inc. (the "Company") completed its liquidation by distributing to its limited partners, pro rata and for no additional consideration, its remaining assets which include its shares of the Company's common stock. Two of the limited partners of Flagg Street include Richard S. Press and Jonathan Starr, who are directors of the Company. As a result of the distribution, Flagg Street has ceased to own any securities of the Company. As limited partners of Flagg Street, Mr. Starr received 34,748 shares and Mr. Press received 4,563 shares in connection with the distribution. Accordingly, Flagg Street, Mr. Starr and Mr. Press are no longer beneficial owners of more than 5% of the outstanding stock of the Company and have ceased to be members of a Section 13(d) group.

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