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 and Exchange Act of 1934

Date of Report (Date of earliest event reported): May 14, 2007

CBIZ, INC.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation)		0-25890 (Commission File Number)		22-2769024 (IRS Employer Identification No.)

6050 Oak Tree Boulevard, South, Suite 500 Cleveland, Ohio (Address of principal executive offices)		44131 (Zip Code)

216-447-9000
(Registrant’s telephone number, including area code)

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:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 5.02. Appointment of Principal Officers

Effective May 14, 2007, Mr. David J. Sibits was appointed Senior Vice President of CBIZ, Inc. and President of the CBIZ Financial Services practice group. Mr. Sibits is the successor to Len Miller, who has undertaken the new position of Senior Vice President of Corporate Development for the CBIZ Financial Services practice group, effective May 14, 2007. Mr Sibits will serve in this officer capacity for an indefinite period at the discretion of the Company. In this position, Mr. Sibits becomes a member of the Senior Management Group identified in the CBIZ 2007 Proxy Statement, and will receive compensation consistent with Executive Compensation Components identified in that document, including a base pay of $425,000, a bonus opportunity defined by the CBIZ Annual Executive Incentive Plan, an option grant of 20,000 shares, a restricted stock grant of 12,000 shares, and eligibility to participate in the other compensation plans and programs of the Company.

Mr. Sibits has no family relationship with any director, executive officer or person nominated or chosen by the Company to become a director or officer. Mr. Sibits is not a party to any transaction with a related person, promoter or control person.

From October 2005 until joining CBIZ, Mr. Sibits was the executive managing director of the Ohio Region for RSM McGladrey. He was the executive managing director of the TBS (American Express Tax and Business Services) Eastern Region from mid-2003 through October 2005, and of the Ohio Region of TBS from 2000 through mid-2003. He also previously served as the managing member of the Hausser + Taylor, LLC CPA firm.

Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.

99.1 Press Release of CBIZ, Inc. dated May 14, 2007, announcing the appointment of David J. Sibits.

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.

Dated: May 16, 2007

CBIZ, Inc.

By: /s/ Michael W. Gleespen
Name: Michael W. Gleespen
Title: Corporate Secretary and General Counsel

Exhibit 99.1 Press Release of CBIZ, Inc. dated May 14, 2007, announcing the appointment of David J. Sibits.

FOR IMMEDIATE RELEASE
CONTACT: Lori Novickis
Director, Corporate Relations
CBIZ, Inc.
Cleveland, Ohio
(216) 447-9000

CBIZ APPOINTS PRESIDENT OF FINANCIAL SERVICES PRACTICE

     CLEVELAND, Ohio (May 14, 2007)—CBIZ, Inc. (NYSE: CBZ) announced today that it has appointed David J. Sibits as president of its Financial Services practice, effective May 14, 2007. Sibits will be located in the Cleveland CBIZ office. Sibits comes to CBIZ with more than 30 years of accounting industry experience. Most recently, Sibits was the executive managing director of the Ohio Region for RSM McGladrey, the nation’s fifth-largest accounting firm. Prior to that, he was the executive managing director of TBS (American Express Tax and Business Services) Eastern Region and was previously managing shareholder of Hausser + Taylor, LLC. Sibits will be responsible for the continued growth and development of the Financial Services practice of CBIZ, which represents approximately 46% of the Company’s total reported 2006 revenue of $600 million. The practice provides accounting, tax, financial advisory, valuation, merger & acquisition, internal audit and Sarbanes-Oxley consulting services to clients throughout the United States.

     Sibits, a CPA, holds a Bachelor of Business Administration degree in accounting from Kent State University. He is a member of the American Institute of CPA’s Major Firms Group and currently serves on the board of the Kent State University Foundation. Sibits replaces Len Miller who has been appointed senior vice president of corporate development for the Financial Services practice. For the past six years, Miller has successfully led the Financial Services division of CBIZ and will now be responsible for recruiting and acquisition identification and integration. He will remain CBIZ’s representative with Kreston International.

     “I am pleased to welcome Dave to the CBIZ team and would especially like to thank Len for his continued dedication to the growth of our Financial Services practice,” said Steven L. Gerard, CBIZ Chairman and CEO. “With Dave’s impressive entrepreneurial skills and hands-on management approach and Len’s vast experience, I look forward to continued strong growth in this practice,” added Gerard.

     CBIZ, Inc. provides professional business services that help clients better manage their finances, employees and technology. As the largest benefits specialist, one of the largest accounting, valuation and medical practice management companies in the United States, CBIZ provides its clients with integrated financial services which include

accounting and tax, internal audit, Sarbanes-Oxley 404 compliance, merger and acquisition, and valuation. Employee services include group benefits, property and casualty insurance, payroll, HR consulting and wealth management. CBIZ also provides information technology, hardware and software solutions, government relations, healthcare consulting and medical practice management. These services are provided throughout a network of more than 140 Company offices in 34 states and the District of Columbia.

For further information regarding CBIZ, call our Investor Relations
Office at (216) 447-9000 or visit our web site at www.cbiz.com