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: October 27, 2003
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Date of the Earliest Event Reported: October 27, 2003
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RIGHT MANAGEMENT CONSULTANTS, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania
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(State or other jurisdiction of incorporation)
0-15539 23-2153729
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(Commission (IRS Employer Identification
file number) Number)
1818 Market Street, Philadelphia, Pennsylvania 19103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (215) 988-1588
Item 7: Exhibits
Exhibit
Number Description
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99.1 Press release announcing earnings results for the third quarter ended
September 30, 2003
Item 12: Disclosure of Results of Operations and Financial Condition
The information in this Current Report shall not be deemed "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subjected to the liabilities of that Section. The information in this
Current Report shall not be incorporated by reference into any registration
statement or other document pursuant to the Securities Act of 1933, as amended,
except as shall be expressly set forth by specific reference in such a filing.
On October 27, 2003, Right Management Consultants, Inc. (the Company), issued an
earnings release announcing its financial results for the third quarter ended
September 30, 2003. A copy of the earnings release is attached as Exhibit 99.1.
A "non-GAAP" financial measure is a measure of the issuer's financial
performance, financial position or cash flows that excludes amounts or
adjustments that are included in the most directly comparable measure presented
in accordance with generally accepted accounting principles (GAAP). The earnings
release discloses cash flow as of September 30, 2003 and 2002, a non-GAAP
financial measure. Management believes that certain investors find the
measurement of cash flow helpful in understanding the Company's ability to fund
its operations and growth, and service its debt. The earnings release contains a
reconciliation of cash flow to GAAP.
The Company held a conference call at 9:00 a.m. EST on October 27, 2003 to
discuss the earnings release. During this conference call, the following
third quarter same-office revenue statistics were provided. These statistics
exclude the impact of foreign exchange fluctuations from Europe and Japan.
Career
Transition Consulting Total
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Consolidated (15.7%) (9.1%) (14.7%)
North America (8.2%) (24.7%) (10.5%)
Europe (3.8%) 3.4% (2.1%)
Japan (53.8%) 65.9% (51.5%)
The information included above that is disclosed in the earnings conference call
is not necessarily indicative of future results. Please refer to the press
release filed as Exhibit 99.1 for details of how to access a replay of this
earnings conference call while it is available.
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.
RIGHT MANAGEMENT CONSULTANTS, INC.
(Registrant)
Date: October 27, 2003 By: /S/ CHARLES J. MALLON
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Charles J. Mallon
Executive Vice President and
Chief Financial Officer