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CIBER INC FILES (8-K) Disclosing Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities

July 29, 2014



Item 2.02. Results of Operations and Financial Condition.

On July 29, 2014, Ciber, Inc. (the "Company") issued a press release relating to the Company's earnings for the second quarter of 2014 (the "Earnings Release"). A copy of the Earnings Release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished under this Item 2.02, including Exhibit 99.1 attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference to such filing. In connection with the issuance of the Earnings Release, the Company is holding a public conference call and webcast today at 6:30 a.m. Mountain Time. Information regarding access to the conference call and webcast is set forth in the Earnings Release.

Item 2.05. Costs associated with Exit or Disposal Activities. On July 25, 2014, we approved a restructuring plan focused on the implementation of a go-to-market model, realigning the organization and improving our offshore delivery mix ("the 2014 Plan"). The 2014 Plan will commence in the third quarter of 2014 and is expected to be completed in the next twelve months. We estimate the total amount of the restructuring charges for the 2014 Plan will be approximately $24 million, substantially all of which will be cash. The charges associated with the 2014 Plan are substantially all related to personnel severance and related employee benefit costs.

Item 9.01(d). Exhibits.

Exhibit No. Description 99.1 Press Release dated July 29, 2014 Reporting Second Quarter 2014 Results. 2



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Source: Edgar Glimpses


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