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| WSTF > SEC Filings for WSTF > Form 8-K on 31-Oct-2008 | All Recent SEC Filings |
31-Oct-2008
Other Events
On October 28, 2008 a Schedule 13D was filed jointly by the Sorensen Trust, D. Stephen Sorensen (Mr. Sorensen), an individual, and Shannon P. Sorensen, an individual, with the United States Securities and Exchange Commission. The Schedule 13D makes statements concerning nonbinding proposals for a business combination between the Company and Koosharem Corporation (as Select Staffing). The Company is filing this Form 8-K to supplement statements contained in the Schedule 13D.
The Company has never received a proposal from Koosharem Corporation (as Select Staffing) or any of its affiliates to purchase for cash 100% of the Company's outstanding shares. The preliminary, non-binding proposals received by the Company from Koosharem have excluded any purchase of shares owned by DelStaff, LLC, which shares represent approximately 49.3% of the Company's outstanding shares. Accordingly, the Company's Board of Directors has never had an opportunity to discuss a cash offer for 100% of the Company's outstanding shares.
Following execution of a confidentiality agreement on October 9, 2008, the Company provided Select Staffing with certain written material nonpublic information.
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