UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
(RULE 14a-101)
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14(a)-6(e) (2))
[ ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[X] Soliciting Materials Pursuant to ssx.240.14a-12
TECHTEAM GLOBAL, INC.
----------------------------------------------
(Name of Registrant as Specified in Its Charter
-----------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies: N/A
(2) Aggregate number of securities to which transaction applies: N/A
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined): N/A
(4) Proposed maximum aggregate value of transaction: N/A
(5) Total fee paid: N/A
[ ] Fee paid previously with preliminary materials:
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identifying the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the form or Schedule and the date of its filing.
(1) Amount Previously Paid: N/A
(2) Form, Schedule or Registration Statement No.: N/A
(3) Filing Party: N/A
(4) Date Filed: N/A
Persons who are to respond to the collection of
SEC 1911113(11-01) information contained in this form are no required to
respond unless the form displays a currently valid
OMB control number.
The following is a press release issued by TechTeam Global, Inc. on March
13, 2006.
NASDAQ-NM -- "TEAM"
FOR IMMEDIATE RELEASE, Monday, March 13, 2006
TECHTEAM GLOBAL PROPOSES BOARD SLATE WITH FIVE NEW DIRECTORS TO INCLUDE TWO
COSTA BRAVA DESIGNEES
SOUTHFIELD, MICHIGAN, March 13, 2006...The Board of Directors of TechTeam
Global, Inc. (Nasdaq: TEAM) said today that it has sent a letter to Costa Brava
Partnership III, LP inviting Mr. Seth W. Hamot to designate two nominees to join
management's slate oF directors for the company's May 2006 annual meeting.
TechTeam management also intends to nominate three new directors, including
Chief Executive Officer William C. Brown and two new highly qualified
independent nominees, thus bringing the potential of five new members to the
seven-member Board.
The text of the Board's letter to Mr. Hamot follows:
Via Facsimile & U.S. Mail
Mr. Seth W. Hamot
Costa Brava Partnership III, LP
420 Boylston Street
Boston, MA 02116
Dear Mr. Hamot:
At the direction of the Board of Directors of TechTeam Global, Inc., I
have been asked, as Chief Executive Officer of the company, to invite two of
your designees to join management's slate of directors to stand for election at
the next annual meeting of shareholders in May 2006. In addition to myself, the
Board will add two new, highly qualified nominees to its slate, both of whom
will be independent. With your two designees, the Board will have five new
members out of seven that we believe can help this company move forward and
execute on a unified strategy.
We share with you the same objective of maximizing shareholder value and
believe that your two designees will add a positive and constructive voice that
will help TechTeam move in that direction. You have voiced your concerns and
exercised your rights as any shareholder should, and we have heard you and now
invite you to participate in a unified slate.
- More -
With the annual meeting of shareholders quickly approaching, we must
solidify our slate promptly. If you choose not to accept this invitation to be
part of this new Board of Directors, please notify us by Tuesday, March 14,
2006. Should you decline this offer, we will make our formal announcement of
this year's slate of directors which will include the three new members.
Again, I hope your two designees will join us as I look forward to working
with them in the Boardroom toward the goal of maximizing the value of the
Company for all TechTeam shareholders.
Sincerely,
William C. Brown
President & Chief Executive Officer
TechTeam Global, Inc.
IMPORTANT INFORMATION
TechTeam Global, Inc. plans to file with the Securities and Exchange Commission
(the "SEC") and mail to its stockholders a Proxy Statement in connection with
its 2006 Annual Meeting, and advises its stockholders to read the Proxy
Statement relating to the 2006 Annual Meeting when it becomes available, because
it will contain important information. Stockholders may obtain a free copy of
the Proxy Statement and other documents (when available) that TechTeam files
with the SEC at the SEC's Web site at www.sec.gov. The Proxy Statement and these
other documents may also be obtained free from TechTeam by directing a request
to TechTeam Global Inc., Attn: Mr. Michael A. Sosin, 27335 West 11 Mile Road,
Southfield, Michigan 48034; telephone (248) 357-2866.
CERTAIN INFORMATION REGARDING PARTICIPANTS
TechTeam, its directors and named executive officers may be deemed to be
participants in the solicitation of TechTeam's security holders in connection
with its 2006 Annual Meeting. Stockholders may obtain information regarding the
names, affiliations and interests of such individuals in TechTeam's Annual
Report on Form 10-K for the year ended December 31, 2004 and its proxy statement
dated April 4, 2005, each of which is filed with the SEC.
To the extent holdings of TechTeam securities have changed since the amounts
printed in the proxy statement, dated April 4, 2005, such changes have been
reflected on Statements of Changes in Beneficial Ownership on Form 4 and Initial
Statements of Beneficial Ownership on Form 3 filed with the SEC.
- More -
TECHTEAM GLOBAL, INC. is a global provider of information technology and
business process outsourcing services. The Company's ability to integrate
computer services into a flexible, total single point of contact solution is a
key element of its success. Partnerships with some of the world's
"best-in-class" corporations provide TechTeam with unparalleled experience and
expertise in providing the following IT support solutions: help desk/call center
services, technical staffing, professional services/systems integration, and
training programs. For information about TechTeam Global, Inc. and its
outstanding services call 800-522-4451.
###
CONTACTS:
TECHTEAM GLOBAL, INC. TECHTEAM GLOBAL, INC.
William C. Brown David W. Morgan
President and Vice President, Chief Financial
Chief Executive Officer Officer, and Treasurer
(248) 357-2866 (248) 357-2866
wcbrown@techteam.com dmorgan@techteam.com