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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 29, 2010
Date of Earliest Event Reported: January 28, 2010
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MAXIMUS, INC.
(Exact name of registrant as specified in its charter)
Virginia 1-12997 54-1000588
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
11419 Sunset Hills Road,
Reston, Virginia 20190-5207
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 251-8500
Not Applicable
(Former name or former address, if changed since last report)
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events.
Effective January 28, 2010, MAXIMUS entered into a Mutual Release and Settlement
Agreement with a transit agency customer under which the parties agreed to a
mutual termination of a contract for certain enterprise resource planning
("ERP") implementation and integration services. This resolution was made in
conjunction with the Company's recent announcement of its intention to divest
its ERP Solutions business.
The resolution will result in a net after-tax charge to MAXIMUS of $2.2 million,
or approximately $0.12 per diluted share, which will be reflected as a charge to
discontinued operations in the Company's first fiscal quarter ended December 31,
2009. It also brings to a close a project that had resulted in significant
losses to the Company over the last two years.
The charge will have no impact to the Company's financial results from
continuing operations and will not impact the Company's previously disclosed
guidance on continuing operations.
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.
MAXIMUS, Inc.
Date: January 29, 2010 By: /s/ David R. Francis
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David R. Francis
General Counsel and Secretary