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 Act of 1934
Date of Report (Date of earliest event reported) March 1, 2002
(Exact name of registrant as specified in its charter)
DST Systems, Inc.
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Delaware 1-14036 43-1581814
333 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816) 435-6568
Not Applicable
(Former name or former address, if changed since last report.)
FORM 8-K
DST SYSTEMS, INC.
ITEM 1 CHANGES IN CONTROL OF REGISTRANT
Not applicable.
ITEM 2 ACQUISITION OR DISPOSITION OF ASSETS
Not applicable.
ITEM 3 BANKRUPTCY OR RECEIVERSHIP
Not applicable.
ITEM 4 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Not applicable.
ITEM 5 OTHER EVENTS
Not applicable.
ITEM 6 RESIGNATIONS OF REGISTRANT'S DIRECTORS
Not applicable.
ITEM 7 FINANCIAL STATEMENTS AND EXHIBITS
Not applicable.
ITEM 8 CHANGE IN FISCAL YEAR
Not applicable.
ITEM 9 regulation fd disclosure
See attached as an Exhibit to this Form 8-K a News Release released March 1,
2002 concerning the announcement of (a) an extension through April 30, 2003 of
DST's current program to repurchase shares of DST common stock and (b) the
adoption of a new program to repurchase shares of DST common stock for general
corporate purposes.
SIGNATURE
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.
DST Systems, Inc.
/s/ Robert C. Canfield
Senior Vice President, General Counsel,
Secretary
Date: March 4, 2002
DST SYSTEMS, INC. ANNOUNCES EXTENSION TO EXISTING STOCK
REPURCHASE PLAN AND ADOPTION OF A NEW PLAN
KANSAS CITY, MO. (March 1, 2002) - DST Systems, Inc. (DST) announced today that
the DST Board of Directors extended through April 30, 2003, DST's previously
announced share repurchase program. The program was scheduled to expire
September 30, 2002. The number of shares remaining to be repurchased under the
existing program is approximately 2.9 million shares.
DST also announced today that its Board of Directors authorized a new share
repurchase program beginning March 4, 2002 and ending February 29, 2004. Under
the new program, up to an additional 6 million shares of DST's common stock may
be purchased from time to time for general corporate purposes. Such purchases
will be made in private or open market transactions and in compliance with SEC
regulations. The share repurchase program will be funded primarily from cash
flow and other available sources.
Originally established in 1969, DST is a leading global provider of
sophisticated information processing and computer software services and products
to the financial services industry (primarily mutual funds and investment
managers), video/broadband/satellite TV industry and other service industries.
The above release includes forward-looking statements. Actual future results
could differ materially from those anticipated by such forward-looking
statements. The differences could be caused by a number of factors, including
but not limited to, those factors identified in a Current Report on Form 8-K/A-3
dated March 25, 1999, filed by the company with the Securities and Exchange
Commission (Commission File No. 1-14036). DST will not update any
forward-looking statements in this press release to reflect future events.