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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): December 2, 2008</B>

<P style="font-size: 24pt" align="center"><B>STARTEK, INC.<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
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  <TD width="32%">&nbsp;</TD>
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  <TD style="border-bottom: #000000 1px solid"><B>DELAWARE</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-12793</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>84-1370538</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

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cellpadding="0" width="100%" border="0">

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  <TD width="49%">&nbsp;</TD>
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  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>44 Cook Street Suite 400,
Denver, Colorado<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>80206</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

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<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(303) 262-4500</B>
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  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
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 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">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:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="left"><B>Item&nbsp;2.05 Costs Associated with
Exit or Disposal Activities</B>

<P style="font-size: 10pt" align="left">On December&nbsp;2, 2008 and
December&nbsp;8, 2008, the Company took steps to close its contact centers in
Petersburg, Virginia and Regina, Saskatchewan, respectively. These closures are
part of the Company&#8217;s efforts to achieve site optimization at all of its
locations. These efforts are described under &#8220;Business Description and
Overview&#8221; in the Company&#8217;s Quarterly Report on Form 10-Q filed
October&nbsp;31, 2008. Persistent difficulty at these particular sites
recruiting a workforce suitable to clients&#8217; requirements was a major
factor leading to the decision to close these centers. The Company expects to
close the Petersburg facility on December&nbsp;27, 2008 and the Regina facility
in the first quarter of 2009.

<P style="font-size: 10pt" align="left">The major costs expected to be incurred
with closing the Petersburg and Regina sites are facility-related
costs, primarily consisting of those
costs associated with the real estate lease and termination of
telecommunications lines. The Company estimates substantially all of
the restructuring costs associated with these closures will be cash
expenditures. The Company estimates that facility-related costs for
the Petersburg closing will be approximately $1.4&nbsp;million to $1.8&nbsp;million to be paid
through the remainder of the lease term, or September 2013. The Company estimates the restructuring costs associated with the Regina closing will be
approximately $5&nbsp;million to $6&nbsp;million in facility-related costs, to be paid through the remainder
of the lease term, or July&nbsp;2013, and approximately $0.2&nbsp;million in one-time employee termination
benefits. The
exact timing and actual amounts of the facility-related charges are
dependent upon the Company&#146;s ability to sublease these facilities. If the events and circumstances regarding the Company&#146;s ability to sublease the
facilities change, these estimates would change.


<P style="font-size: 10pt" align="left"><B>Item&nbsp;2.06 Material
Impairments</B>

<P style="font-size: 10pt" align="left">In connection with the closure of the
Petersburg, Virginia facility described above, the Company estimates it will
incur non-cash impairment losses of approximately $1.8&nbsp;million to
$2.2&nbsp;million related to furniture, equipment and leasehold improvements.
The Company previously recorded impairment losses related to furniture,
equipment and leasehold improvements at its Regina, Saskatchewan facility
during the nine months ended September&nbsp;30, 2008 because the future cash
flows did not support the carrying value of the assets.

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<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt" align="left">Pursuant to the requirements of the
Securities and Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.



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  <TD>&nbsp;</TD>
  <TD colspan="2" align="left">STARTEK, INC.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD align="left">Date: December&nbsp;8, 2008</TD>
  <TD align="left">By: </TD>
  <TD align="left" style="border-bottom: #000000 1px solid">/s/ DAVID G. DURHAM</TD>
</TR>

 <TR valign="bottom">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align="left">David G. Durham<BR>
Executive Vice President, Chief Financial Officer and Treasurer</TD>
</TR>

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<P style="display: none; font-size: 10pt" align="center">3
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{"company-data": {"conformed-name": "STARTEK INC", "cik": "0001031029", "assigned-sic": "7389", "irs-number": "841370538", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12793", "film-number": "081236354"}, "business-address": {"street1": "100 GARFIELD STREET", "city": "DENVER", "state": "CO", "zip": "80206", "phone": "303-399-2400"}, "mail-address": {"street1": "44 COOK STREET", "street2": "SUITE 400", "city": "DENVER", "state": "CO", "zip": "80206"}}
Filed by Bowne Pure Compliance
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): December 2, 2008
STARTEK, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
1-12793
84-1370538
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
44 Cook Street Suite 400,
Denver, Colorado
80206
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(303) 262-4500
(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:
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 2.05 Costs Associated with
Exit or Disposal Activities
On December 2, 2008 and
December 8, 2008, the Company took steps to close its contact centers in
Petersburg, Virginia and Regina, Saskatchewan, respectively. These closures are
part of the Company's efforts to achieve site optimization at all of its
locations. These efforts are described under "Business Description and
Overview" in the Company's Quarterly Report on Form 10-Q filed
October 31, 2008. Persistent difficulty at these particular sites
recruiting a workforce suitable to clients' requirements was a major
factor leading to the decision to close these centers. The Company expects to
close the Petersburg facility on December 27, 2008 and the Regina facility
in the first quarter of 2009.
The major costs expected to be incurred
with closing the Petersburg and Regina sites are facility-related
costs, primarily consisting of those
costs associated with the real estate lease and termination of
telecommunications lines. The Company estimates substantially all of
the restructuring costs associated with these closures will be cash
expenditures. The Company estimates that facility-related costs for
the Petersburg closing will be approximately $1.4 million to $1.8 million to be paid
through the remainder of the lease term, or September 2013. The Company estimates the restructuring costs associated with the Regina closing will be
approximately $5 million to $6 million in facility-related costs, to be paid through the remainder
of the lease term, or July 2013, and approximately $0.2 million in one-time employee termination
benefits. The
exact timing and actual amounts of the facility-related charges are
dependent upon the Company's ability to sublease these facilities. If the events and circumstances regarding the Company's ability to sublease the
facilities change, these estimates would change.
Item 2.06 Material
Impairments
In connection with the closure of the
Petersburg, Virginia facility described above, the Company estimates it will
incur non-cash impairment losses of approximately $1.8 million to
$2.2 million related to furniture, equipment and leasehold improvements.
The Company previously recorded impairment losses related to furniture,
equipment and leasehold improvements at its Regina, Saskatchewan facility
during the nine months ended September 30, 2008 because the future cash
flows did not support the carrying value of the assets.
SIGNATURES
Pursuant to the requirements of the
Securities and Exchange Act of 1934, the Registrant has duly caused this report
to be signed on its behalf by the undersigned thereunto duly authorized.
STARTEK, INC.
Date: December 8, 2008
By:
/s/ DAVID G. DURHAM
David G. Durham
Executive Vice President, Chief Financial Officer and Treasurer