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: FEBRUARY 26, 2004
-------------------------------
(DATE OF EARLIEST EVENT REPORTED)
TECHTEAM GLOBAL, INC.
---------------------
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-16284 38-2774613
------------------------------- --------------- ----------------------
(STATE OR OTHER JURISDICTION OF (COMMISSION FILE (I.R.S. EMPLOYER
INCORPORATION) NUMBER) IDENTIFICATION NUMBER)
27335 WEST 11 MILE ROAD
SOUTHFIELD, MICHIGAN 48034
---------------------------------------- -----------------
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(248) 357-2866
----------------------------------------------------------------
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
1
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On February 26, 2004, TechTeam Global, Inc., a Delaware
corporation (the "Company"), purchased an aggregate of 350,000
shares of the Company's common stock from Peter T. Kross and
members of his immediate family in a privately-negotiated
transaction. The aggregate purchase price paid for the shares
was $2,744,000, or $7.84 per share. Mr. Kross is a member of the
Company's Board of Directors. The transaction was approved by
the Audit Committee of the Company's Board.
The Company acquired these shares under its stock
repurchase authorization announced on February 18, 2004. Upon
consummation of the foregoing transaction, Mr. Kross continues to
hold 37,600 shares of the Company's common stock.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements of business acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits. None
SIGNATURE
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 thereunto duly authorized.
TECHTEAM GLOBAL, INC.
By: /s/ Michael A. Sosin
--------------------------
Michael A. Sosin
Secretary
Date: March 1, 2004