Exhibit 1.2 _________ Shares MAY & SPEH, INC. (a Delaware corporation) Common Stock UNDERWRITING AGREEMENT ----------------------Underwriting Agreement • February 19th, 1998 • May & Speh Inc • Services-direct mail advertising services • New York
115,000,000 % Convertible Subordinated Notes due 2003May & Speh Inc • February 19th, 1998 • Services-direct mail advertising services • New York
MAY & SPEHUnderwriting Agreement • February 19th, 1998 • May & Speh Inc • Services-direct mail advertising services • New York
Ratio of earnings to fixed ---------------------------------------------------- ------------------------------------ charges 2.6 3.5 3.8 3.9 3.9 3.5 1.6 ------ ------------------------------------------------------------------------------- ---...May & Speh Inc • February 19th, 1998 • Services-direct mail advertising services
---------------------------------------------------------------------------------------- (A) Included in earnings for the three months ended December 31, 1997, was a one-time ---------------------------------------------------------------------------------------- restructuring charge of $4,700 before income taxes ($2,900 after taxes) relating to ---------------------------------------------------------------------------------------- payments made under existing contracts to prior members of management as disclosed ---------------------------------------------------------------------------------------- in Note 11 to the Company's consolidated financial statements. Excluding this ---------------------------------------------------------------------------------------- charge, the ratio of earnings to fixed charges would have been 4.8. ---------------------------------------------------------------------------------------- Page 1
