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Huron Consulting Group Inc. (Form: 8-K)  

 

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 (Date of Earliest Event Reported):   January 6, 2010

Huron Consulting Group Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 000-50976 01-0666114
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
550 West Van Buren Street, Chicago, Illinois   60607
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (312) 583-8700

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 January 6, 2010, Huron Consulting Group Inc. (the "Company") issued a letter to its investor community announcing the sale of the Strategy (Galt) group, one of four practices in the Company's Corporate Consulting segment, back to its three principals. A copy of the Company’s letter is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference in this Item 8.01 as if fully set forth herein.





The information furnished pursuant to this Item 8.01 and the attached Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

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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.

         
    Huron Consulting Group Inc.
          
January 6, 2010   By:   /s/ James K. Rojas
       
        Name: James K. Rojas
        Title: Chief Financial Officer

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Company letter to investor community, dated January 6, 2010
EX-99.1

Exhibit 99.1

January 6, 2010

Dear Huron Consulting Group Investors,

I am pleased to report that we recently closed the sale of our Strategy (Galt) group back to its three principals. This is not a significant transaction for Huron, but we wanted to make you aware of it. We consider it another accomplishment in our plan to focus Huron on its core businesses.

As you probably know, the Strategy group has been one of four practices in our Corporate Consulting segment, since we acquired them in 2006. In 2009, the Corporate Consulting segment in total represented approximately 12% of the Company’s revenues and the Strategy group represented less than half of the segment’s revenues. It is our belief that substantially all of the 40 employees that were in the Strategy group will accept offers with the new company, now known as Galt & Company, ensuring continuity for our clients. 

While the Strategy group was a solid Huron business, it did not deliver the synergies for which we had hoped when we acquired the business. The sale of the Strategy group furthers our efforts to focus Huron on our core businesses and assures the least disruption to our clients who have on-going matters that were being handled by that practice.

I believe that you will agree with me, that this is a positive development from multiple standpoints.

Please feel free to contact me if you have any questions.

Sincerely,

Jim Rojas
CFO
Huron Consulting Group