UNITED
STATES
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):
|
January 11,
2011
|
Hudson
Highland Group,
Inc.
(Exact
name of registrant as specified in its charter)
|
Delaware
|
0-50129
|
59-3547281
|
|
(State
or other
jurisdiction
of
incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
560
Lexington
Avenue, New
York, New York 10022
(Address
of principal executive offices, including zip code)
(212)
351-7300
(Registrant’s
telephone number, including area code)
_______________________
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
8.01.
|
Other
Events.
|
On January 11, 2011, Hudson Highland
Group, Inc. (the “Company”) issued a press release announcing that it reached a
settlement with the U.S. Securities and Exchange Commission (“SEC”) regarding a
previously disclosed SEC investigation. The Company is filing a copy
of such press release as Exhibit 99.1 hereto, which is incorporated by reference
herein.
|
Item
9.01.
|
Financial Statements
and Exhibits.
|
(a) Not
applicable.
(b) Not
applicable.
(c) Not
applicable.
(d) Exhibits. The
following exhibit is being filed herewith:
|
|
(99.1)
|
Press
Release of Hudson Highland Group, Inc. dated January 11,
2011.
|
-2-
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.
| HUDSON HIGHLAND GROUP, INC. | |||
|
Date: January
11, 2011
|
By:
|
/s/ Latham Williams | |
| Latham Williams | |||
| Senior Vice President, Legal Affairs and | |||
| Administration, Corporate Secretary | |||
-3-
HUDSON
HIGHLAND GROUP, INC.
Exhibit
Index to Current Report on Form 8-K
Exhibit
Number
(99.1) Press
Release of Hudson Highland Group, Inc. dated January 11, 2011.
-4-
|
For Immediate Release
|
Contact:
|
David
F. Kirby
|
|
| Hudson Highland Group | |||
| 212-351-7216 | |||
| david.kirby@hudson.com |
Hudson
Highland Group Settles with SEC
NEW YORK, NY – January 11, 2011
– Hudson Highland Group (Nasdaq: HHGP) has reached a settlement with the
U.S. Securities & Exchange Commission (SEC) regarding a previously disclosed
investigation of sales tax issues in its North American
subsidiary. Hudson has neither admitted nor denied the findings of
the SEC order, but agreed to pay a $200,000 penalty in conjunction with the
settlement.
The SEC
order found that Hudson failed to maintain adequate books and records and
internal accounting controls to accurately track, calculate and remit amounts
due for U.S. state sales tax obligations for a number of years up to
2007. These issues date back prior to the company’s 2003 spin off
from Monster Worldwide. Hudson settled all sales tax claims, and by
the beginning of 2009, paid all related state sales tax due. The staff of the
SEC previously advised in August of last year that it did not intend to
recommend that the Commission take action in this matter against the company's
chief financial officer.
Jon
Chait, Hudson Highland Group chairman and CEO, said, “Hudson has fully
cooperated with the SEC in its investigation, and in 2006, upon current senior
management learning of these sales tax matters, the company implemented a number
of related remedial actions and internal control enhancements which have been
operating effectively for more than three years. We are pleased to have
this entire matter behind the Company and its personnel, and we continue to
focus our efforts on behalf of our shareholders, customers and
employees.”
About
Hudson Highland Group
Hudson
Highland Group, Inc. is a leading provider of permanent recruitment, contract
professionals and talent management services worldwide. From single
placements to total outsourced solutions, Hudson helps clients achieve greater
organizational performance by assessing, recruiting, developing and engaging the
best and brightest people for their businesses. The company employs
approximately 2,000 professionals serving clients and candidates in more than 20
countries. More information is available at www.hudson.com.
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