Item 1.01. Entry into a Material Definitive Agreement.
On February 24, 2009, ABM Industries Incorporated ("ABM") and International
Business Machines Corporation (the "Supplier"), entered into (i) an Amended and
Restated Master Professional Services Agreement (the "Amended and Restated
Agreement"), which amends and restates that certain Master Professional Services
Agreement dated October 1, 2006, and (ii) a Transition Agreement (the
"Transition Agreement"). As previously disclosed in ABM's Current Report on Form
8-K filed with the Securities and Exchange Commission on January 26, 2009 (the
"Original 8-K"), the purpose of the Amended and Restated Agreement and the
Transition Agreement was to memorialize and supersede the applicable terms of
the binding Memorandum of Understanding (the "MOU") entered into by ABM and the
Supplier on January 20, 2009. Pursuant to the terms of the MOU, upon the
execution of both the Amended and Restated Agreement and the Transition
Agreement, the MOU was superseded and was no longer of any force or effect.
The material terms and conditions of the Amended and Restated Agreement and
the Transition Agreement are consistent with the MOU and were previously
described in the Original 8-K. The Amended and Restated Agreement is filed as
Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by
reference and the Transition Agreement is filed as Exhibit 10.2 to this Current
Report on Form 8-K and is incorporated herein by reference.
Item 8.01 Other Events.
On February 26, 2009, the Company issued a press release announcing the
execution of the Amended and Restated Agreement and the Transition Agreement. A
copy of the press release relating to the execution of the Amended and Restated
Agreement and the Transition Agreement is furnished as Exhibit 99.1 to this
Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
10.1 Amended and Restated Master Services Agreement dated February 24, 2009,
by and between ABM Industries Incorporated and International Business Machines
Corporation.
10.2 Transition Agreement dated February 24, 2009, by and between ABM
Industries Incorporated and International Business Machines Corporation.
99.1 Press release dated February 26, 2009 issued by ABM Industries
Incorporated.