QuickLinks -- Click here to rapidly navigate through this document


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): August 15, 2003


Monster Worldwide, Inc.
(Exact name of issuer as specified in its charter)


Delaware
(State or other jurisdiction of incorporation)


0-21571   13-3906555
(Commission File Number)   (IRS Employer Identification No.)


622 Third Avenue
New York, NY 10017
(Address of Principal Executive Offices)


Registrant's telephone number, including area code (212) 351-7000


None.
(Former address, if changed since last report.)






ITEM 2.    ACQUISITION OR DISPOSITION OF ASSETS

        Monster Worldwide, Inc. (the "Company" or the "Registrant") and Ninemsn have agreed to terminate their joint venture arrangement in Australia and New Zealand. The Company has shut down its websites in Australia and New Zealand (Monster.au and Monster.nz) and has redirected all traffic to its Monster.com website. The Company's shut down plan includes employee terminations, client notifications and property abandonment. The Company's shut down plan is substantially complete as of August 15, 2003 (the "Disposition").

        This report contains certain forward-looking statements and information relating to the Company that are based on the beliefs of management as well as assumptions made by and information currently available to management. When used in this report, the words "anticipate," "believe," "estimate," "expect," "intend," "plan," or any similar expressions, as they relate to the Company or its management or the management of any of its businesses, are intended to identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or planned. Reference is made in particular to the discussion set forth below in this report and set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2002, for a discussion of some of the risks, uncertainties and assumptions that could cause actual results to differ materially from those described in our forward-looking statements.


ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS

        The unaudited pro forma consolidated financial information of the Company, included in Item 7(b) of this Report, is based on and should be read in conjunction with the audited consolidated financial statements and notes thereto appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 2002, as adjusted in pro forma presentation on Form 8-K filed April 11, 2003 to reflect the spin-off of Hudson Highland Group, Inc. The accompanying unaudited pro forma condensed consolidated statements of operations for the six months ended June 30, 2003 and the year ended December 31, 2002 have been presented as if the Disposition had been completed as of January 1, 2002. The unaudited pro forma condensed consolidated balance sheet has been presented as if the Disposition had been completed as of June 30, 2002.

        In the opinion of management, the accompanying pro forma condensed consolidated financial statements include all material adjustments necessary to reflect, on a pro forma basis, the impact of the Disposition on the historical financial information of the Company. The adjustments are described in the notes to the unaudited pro form condensed consolidated financial information and are set forth in the "Pro Forma Adjustments" column.

        The unaudited pro forma condensed consolidated financial information has been presented for informational purposes only and is not indicative of any future results of operations or the results that might have occurred if the disposition had actually been completed on the indicated dates.

2



MONSTER WORLDWIDE, INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
(In thousands, except per share amounts)

 
  JUNE 30, 2003
  PRO FORMA
ADJUSTMENTS

  PRO FORMA
JUNE 30, 2003

 

ASSETS

 
Current assets:                    
  Cash and cash equivalents   $ 118,772   $ (87 )(A) $ 118,685  
  Accounts receivable, net     316,036     (1,103 )(A)   314,933  
  Work-in-process     21,700         21,700  
  Prepaid and other     56,054     983(A ),(B)   57,037  
   
 
 
 
    Total current assets     512,562     (207 )   512,355  
  Property and equipment, net     86,307     (143 )(A)   86,164  
  Goodwill     398,895         398,895  
  Intangibles, net     16,878         16,878  
  Other assets     21,143     (61 )(A)   21,082  
   
 
 
 
    $ 1,035,785   $ (411 ) $ 1,035,374  
   
 
 
 

LIABILITIES AND STOCKHOLDERS' EQUITY

 
Current liabilities:                    
  Accounts payable, accrued expenses and other current liabilities   $ 408,009   $ (626 )(A) $ 409,358  
            1,975   (B)      
  Accrued integration and restructuring costs     7,548         7,548  
  Accrued business reorganization and spin-off costs     48,372         48,372  
  Deferred revenue     138,893     (564 )(A)   138,329  
  Current portion of long-term debt     3,028         3,028  
   
 
 
 
    Total current liabilities     605,850     785     606,635  
  Long-term debt, less current portion     15,803         15,803  
  Minority interests and other long-term liabilities     14,296     (5,587 )(C)   8,709  
   
 
 
 
    Total liabilities     635,949     (4,802 )   631,147  
   
 
 
 
Stockholders' equity:                    
  Preferred stock, $.001 par value, authorized 800 shares; issued and outstanding: none              
  Common stock, $.001 par value, authorized 1,500,000 shares; Issued: 108,179 shares; outstanding: 107,252 shares     108         108  
  Class B common stock, $.001 par value, authorized 39,000 shares;                    
  issued and outstanding: 4,762 shares     5         5  
  Additional paid-in capital     954,171     5,587   (C)   959,758  
  Accumulated other comprehensive income     39,595     1,126   (A)   40,721  
  Retained deficit     (584,201 )   (2,322 )(B),(D)   (586,523 )
  Treasury stock, at cost; 927 shares     (9,842 )       (9,842 )
   
 
 
 
    Total stockholders' equity     399,836     4,391     404,227  
   
 
 
 
    $ 1,035,785   $ (411 ) $ 1,035,374  
   
 
 
 

See accompanying notes to unaudited pro forma condensed consolidated financial information.

3



MONSTER WORLDWIDE, INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)

 
  SIX MONTHS
ENDED JUNE 30,
2003

  PRO FORMA
ADJUSTMENTS
(E)

  PRO FORMA
SIX MONTHS ENDED
JUNE 30, 2003

 
Revenue   $ 336,075   $ (863 ) $ 335,212  
   
 
 
 
  Salaries and related     155,574     (1,432 )   154,142  
  Office and general     80,944     (548 )   80,396  
  Marketing and promotion     67,567     (1,257 )   66,310  
  Business reorganization, spin-off and other special charges     47,878     46     47,924  
  Amortization of intangibles     1,213         1,213  
   
 
 
 
    Total operating expenses     353,176     (3,191 )   349,985  
   
 
 
 
Operating loss     (17,101 )   2,328     (14,773 )
Interest and other, net     (1,081 )   247     (834 )
   
 
 
 
Loss from continuing operations before provision for income taxes and minority interests     (18,182 )   2,575     (15,607 )
Provision for income taxes     1,648         1,648  
   
 
 
 
Loss from continuing operations before minority interests     (19,830 )   2,575     (17,255 )
Minority interests     (1,124 )   1,288     164  
   
 
 
 
Loss from continuing operations   $ (18,706 ) $ 1,287   $ (17,419 )
   
 
 
 

Basic and diluted loss per share:

 

 

 

 

 

 

 

 

 

 
Loss from continuing operations   $ (0.17 )       $ (0.16 )
   
       
 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 
Basic and diluted     111,661           111,661  
   
       
 

See accompanying notes to unaudited pro forma condensed consolidated financial information.

4



MONSTER WORLDWIDE, INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands, except per share amounts)

 
  YEAR ENDED
DECEMBER 31,
2002

  PRO FORMA
ADJUSTMENTS
(E)

  PRO FORMA
YEAR ENDED
DECEMBER 31, 2002

 
Revenue   $ 702,757   $ (2,217 ) $ 700,540  
   
 
 
 
  Salaries and related     315,632     (2,499 )   313,133  
  Office and general     159,091     (1,470 )   157,621  
  Marketing and promotion     128,269     (1,236 )   127,033  
  Merger and integration     3,178         3,178  
  Business reorganization, spin-off and other special charges     104,815     (995 )   103,820  
  Amortization of intangibles     2,405         2,405  
   
 
 
 
    Total operating expenses     713,390     (6,200 )   707,190  
   
 
 
 
Operating loss     (10,633 )   3,983     (6,650 )
Interest and other, net     882     342     1,224  
   
 
 
 
Loss from continuing operations before provision (benefit) for income taxes, minority interests and accounting change     (9,751 )   4,325     (5,426 )
Provision (benefit) for income taxes     9,220     629     9,849  
   
 
 
 
Loss from continuing operations before minority interests and accounting change     (18,971 )   3,696     (15,275 )
Minority interests     (2,216 )   1,848     (368 )
   
 
 
 
Loss from continuing operations before accounting change   $ (16,755 ) $ 1,848   $ (14,907 )
   
 
 
 

Basic and diluted loss per share:

 

 

 

 

 

 

 

 

 

 
Loss from continuing operations before accounting change   $ (0.15 )       $ (0.13 )
   
       
 

Weighted average shares outstanding:

 

 

 

 

 

 

 

 

 

 
Basic and diluted     111,339           111,339  
   
       
 

See accompanying notes to unaudited pro forma condensed consolidated financial information.

5



NOTES TO UNAUDITED PRO FORM CONDENSED CONSOLIDATED FINANCIAL INFORMATION

        See introduction to pro forma financial information on page 2. The pro forma unaudited condensed consolidated balance sheet was prepared assuming the disposition occurred as of June 30, 2003 and included "Pro Forma Adjustments" as follows:


Prepaid and other   $ 5
Property and equipment, net     143
Other assets     61
Accumulated other comprehensive loss     1,126
   
    $ 1,335
   

        The pro forma unaudited condensed consolidated statement of operations for the six months ended June 30, 2003 and the year ended December 31, 2002 have been presented as if the disposition was completed as of January 1, 2002. This statement includes "Pro Forma Adjustments" as follows:

2.1
Deed of Termination of Monster.com Australia and New Zealand Joint Venture, by and among, the Company, TMP Worldwide Pty Limited, Monster.com Asia Pacific Pty Limited, Ninemsn Investments Pty Limited, Monster.com A&NZ Pty Ltd. and Ecorp Limited.

6



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.

Date: August 28, 2003

 
   
 
    MONSTER WORLDWIDE, INC.

 

 

By:

/s/  
MICHAEL SILECK      
Michael Sileck, Chief Financial Officer

7




QuickLinks

MONSTER WORLDWIDE, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET (In thousands, except per share amounts)
MONSTER WORLDWIDE, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share amounts)
MONSTER WORLDWIDE, INC. UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share amounts)
NOTES TO UNAUDITED PRO FORM CONDENSED CONSOLIDATED FINANCIAL INFORMATION
SIGNATURES