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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: MAY 24, 2010
Date of earliest event reported: MAY 20, 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 File Number) (I.R.S. Employer
of incorporation) 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.
On May 20, 2010, Richard A. Montoni, President and Chief Executive Officer of
MAXIMUS, Inc. ("Company"), entered into a pre-arranged trading plan ("Plan")
under Rule 10b5-1 of the Securities Exchange Act of 1934. Rule 10b5-1 permits
the implementation of a written plan for selling stock at times when insiders
are not in possession of material nonpublic information and allows them to sell
stock on a regular basis and in a non-discretionary manner regardless of any
subsequent material nonpublic information they might receive.
Under the Plan, over a six-month period commencing in July 2010 Mr. Montoni may
exercise up to an aggregate of 60,000 stock options and sell the shares thereby
acquired subject to certain pre-established conditions, including subject to the
market price of the Company's common stock.
The aggregate 60,000 stock options under the Plan represent a portion of 225,500
stock options awarded to Mr. Montoni on June 20, 2006 and are scheduled to
expire on June 20, 2012. The Plan is intended to facilitate the orderly
exercise of the options and the sale of common stock for personal financial
planning purposes with the goal of minimizing the market impact and avoiding any
concerns about the timing of the transactions. Following the sale of those
shares under the Plan, Mr. Montoni will still retain a substantial ownership
position in the Company. The term of the plan extends through December 2010
unless terminated earlier under certain circumstances.
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: May 24, 2010 By: /s/ David R. Francis
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David R. Francis
General Counsel and Secretary