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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):   February 22, 2011

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))

Top of the Form

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) The information from Item 5.02(c) below is incorporated herein by reference in its entirety.

(c) On February 22, 2011, Huron Consulting Group Inc. (the "Company") announced that David M. Shade, President and Chief Operating Officer, will retire from the Company as of June 30, 2011 and has resigned his positions of President and Chief Operating Officer effective March 31, 2011. Additionally, James K. Rojas, currently the Company’s Chief Financial Officer, has been appointed by the Board of Directors of the Company (the "Board") as Chief Operating Officer of the Company effective March 31, 2011. Mr. Rojas will continue to have responsibility for the Chief Financial Officer position until the Company identifies a permanent replacement.

Additionally, on February 22, 2011, the Company announced that James H. Roth, currently the Company’s Chief Executive Officer, will assume the role of President in addition to his current responsibilities effective March 31, 2011.

Mr. Rojas, age 42, was named Chief Financial Officer of the Company on July 30, 2009. Previously, he was the Executive Vice President and Chief Financial Officer of Stop & Shop and Giant Supermarket Company, a subsidiary of Ahold USA, Inc., a grocery retailer, from June 2007 to June 2009. Prior thereto, he was the Executive Vice President – Shared Services of Ahold USA, Inc. from January 2007 to June 2007. Prior thereto, he was the Executive Vice President and Chief Administration Officer of U.S. Foodservice, a broadline foodservice distributor, from January 2006 to December 2006. Prior thereto, Mr. Rojas was Vice President of Corporate Development for the Company from March 2005 through December 2005 and before that he was a managing director of Huron Consulting Services LLC from May 2002 through March 2005. Mr. Roth, age 53, was named Chief Executive Officer of the Company on July 30, 2009. Previously, he was Vice President, Health and Education Consulting for the Company since January 1, 2007. Since the Company’s inception in 2002, Mr. Roth has been a managing director and practice leader of the Company’s Higher Education Consulting Practice.

On February 22, 2011, the Company also announced that Natalia Delgado, Vice President, General Counsel and Corporate Secretary, will resign from her role as Vice President and General Counsel and will assume the role of Senior Counsel to the Board of Directors effective February 22, 2011. She also will remain as Corporate Secretary. In her new role, she will focus primarily on the on-going efforts related to the investigation by the Securities and Exchange Commission and the litigation relating to the restatement.

Diane E. Ratekin, currently the Company’s Deputy General Counsel, will succeed Ms. Delgado as Vice President and General Counsel effective February 22, 2011. Ms. Ratekin, age 54, has been employed in the Company’s legal department since January 2005 and most recently served as Deputy General Counsel. Ms. Ratekin has more than twenty years of experience practicing law with nationally recognized law firms and publicly held corporations.

A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated in this report as if fully set forth herein.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated February 22, 2011.





Top of the Form

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.
          
February 22, 2011   By:   James K. Rojas
       
        Name: James K. Rojas
        Title: Vice President, Chief Financial Officer and Treasurer

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Exhibit Index


     
Exhibit No.   Description
 
99.1
  Press Release, dated February 22, 2011
EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE
February 22, 2011

Huron Consulting Group Announces Executive Team Appointments

CHICAGO – February 22, 2011 – Huron Consulting Group Inc. (NASDAQ: HURN), a leading provider of business consulting services, today announced executive appointments aimed at supporting the Company’s long-term growth plan.

“Having emerged from the global economic downturn and other business challenges, Huron is well-positioned to build upon its strengths in the healthcare, education, legal and financial services markets. The transition to a new management team is a natural progression as we focus our efforts on Huron’s long-term strategic growth plan,” said James H. Roth, chief executive officer, Huron Consulting Group.

The new appointments are as follows:

James H. Roth – Roth, who currently serves as the chief executive officer, has been asked by the Board of Directors to also assume the role of president effective March 31, 2011. Roth was appointed Huron’s CEO in August 2009. Prior to that, he led the Company’s Health and Education Consulting segment.

James K. Rojas – Rojas has been appointed chief operating officer effective March 31, 2011, responsible for the Company’s Human Resources, Marketing and Sales Support, Finance, Technology, Administration, and consulting service operations. He will continue to act as chief financial officer until a permanent successor has been identified. Rojas, one of the founders of Huron, rejoined the Company in June 2009, after serving as the chief financial officer at one of Huron’s clients.

David M. Shade – Shade joined Huron in January 2007 with the Company’s acquisition of Wellspring Partners, where he was founder and CEO. He provided leadership in the growth of Huron’s healthcare practice until he became president and chief operating officer of Huron in early 2009. Shade will resign as president and chief operating officer effective March 31, 2011, after which he will serve as special advisor to the CEO until he retires from Huron on June 30, 2011.

Diane E. Ratekin – Ratekin has been promoted to general counsel. She joined Huron in 2005 and currently serves as the Company’s deputy general counsel. Ratekin has more than 20 years of experience with nationally recognized law firms and publicly held corporations.

Natalia Delgado – As planned, Delgado has moved her residency to New York to be with her family and has accepted a new position as senior counsel to Huron’s Board of Directors. In that new role, she will report to the Chairman of the Board. Delgado previously served as the Company’s general counsel since shortly before Huron’s initial public offering in 2004. She will continue to serve as corporate secretary.

Mary M. Sawall – Sawall, who previously announced her departure, will stay, as planned, as an advisor to the executive team until March 31, 2011. She has led the Human Resources department since Huron’s founding in 2002.
Patty Olsen – Olsen has been promoted to lead the Company’s Human Resources department reporting to Huron’s chief operating officer. She has 18 years of extensive experience working with corporate HR teams in a variety of consulting and manufacturing environments, and has been with Huron for five years in HR positions of increasing responsibility.

“I am very grateful for the contributions that Dave, Mary and Natalia have made to the Company through their participation on the executive team. As I look to the future, I am excited about working closely with Jim, Diane and Patty as we execute our strategic plan,” said Roth.

About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Statements in this press release, including the information incorporated by reference herein, that are not historical in nature, including those concerning the Company’s current expectations about its future results, are “forward-looking” statements as defined in Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995. Forward-looking statements are identified by words such as “may,” “should,” “expects,” “plans,” “anticipates,” “assumes,” “can,” “considers,” “could,” “intends,” “might,” “predicts,” “seeks,” “would,” “believes,” “estimates” or “continues”. Risks, uncertainties and assumptions that could impact the Company’s forward-looking statements relate, among other things, to (i) the restatement, (ii) the Securities and Exchange Commission investigation with respect to the restatement and the related purported private shareholder class action lawsuit and derivative lawsuits, (iii) the request by the United States Attorney’s Office for the Northern District of Illinois for certain documents, (iv) final approval of the proposed settlement of the purported class action lawsuit related to the restatement, and (v) the share price of the shares of our common stock included as a portion of the settlement consideration at the time of issuance. In addition, these forward-looking statements reflect our current expectation about our future results, levels of activity, performance, or achievements, including, without limitation, that our business continues to grow at the current expectations with respect to, among other factors, utilization rates, billing rates, and the number of revenue-generating professionals; that we are able to expand our service offerings; that we successfully integrate the businesses we acquire; that existing market conditions continue to trend upward; that we will receive final approval of the proposed settlement of the purported class action lawsuit related to the restatement; and the share price of the shares of our common stock included as a portion of the settlement consideration at the time of issuance. These statements involve known and unknown risks, uncertainties and other factors, including, among others, those described under “Item 1A. Risk Factors” in our forthcoming 2010 Annual Report on Form 10-K for the full year ended December 31, 2010 that may cause actual results, levels of activity, performance or achievements to be materially different from any anticipated results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Media Contact:
Jennifer Frost Hennagir
312-880-3260
jfrost-hennagir@huronconsultinggroup.com  

Investor Contact:
James K. Rojas, Chief Financial Officer
or
Ellen Wong
312-583-8722
investor@huronconsultinggroup.com

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