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 16, 1999
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STERLING COMMERCE, INC.
(Exact Name of Registrant as Specified in Charter)
STATE OF DELAWARE 1-14196 75-2623341
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
300 CRESCENT COURT, SUITE 1200, DALLAS, TEXAS 75201
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code(214) 981-1100
ITEM 5. OTHER EVENTS.
The Board of Directors of Sterling Commerce, Inc. has approved an
increase in the number of shares of outstanding common stock that may be
acquired through its stock repurchase program from 15 million shares to 25
million shares.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) Exhibits.
Exhibit
Number Exhibit
99.1 Press release, dated August 16, 1999,
issued by Sterling Commerce, Inc.
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.
STERLING COMMERCE, INC.
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(Registrant)
Date August 16, 1999 By: /s/ Albert K. Hoover
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Albert K. Hoover
Senior Vice President, Secretary
and General Counsel
INDEX TO EXHIBITS
Exhibit
Number Exhibit
99.1 Press release, dated August 16, 1999,
issued by Sterling Commerce, Inc.
Exhibit 99.1
Contact: Lon Baugh,Vice President, Investor Relations
Sterling Commerce, Inc.
(614) 793-7000
STERLING COMMERCE ANNOUNCES SHARE INCREASE UNDER
STOCK REPURCHASE PROGRAM
Columbus, Ohio, August 16, 1999 - Sterling Commerce, Inc. (NYSE:SE), a
leading worldwide provider of business-to-business electronic commerce
software and services, today announced that its Board of Directors has
approved an increase in the number of shares of outstanding common stock
that may be acquired through its stock repurchase program from 15 million
shares to 25 million shares. Since the inception of this program on March
1, 1999, the Company has repurchased approximately 14,128,500 shares of its
common stock, which leaves approximately 10,871,500 shares which may be
repurchased under the program. Under the program, purchases are made from
time to time as market and business conditions warrant, in open market,
negotiated or block transactions. Sterling Commerce currently has
approximately 82,592,700 shares of common stock outstanding.
"Recent events have created an attractive opportunity to repurchase our
shares," said Warner C. Blow, president and chief executive officer of
Sterling Commerce. "The extension of the stock repurchase program reflects
our confidence in the strength of Sterling Commerce's business-to-business
E-commerce offerings as well as the Company's strategic growth initiatives
focused on the Internet."
ABOUT STERLING COMMERCE
Sterling Commerce is recognized as the worldwide leader in providing
Internet E-commerce solutions for the Global 5000 and their commerce
communities. The company is one of 40 companies included in the Dow Jones
Internet Services Index. The company is focused on providing E-commerce
solutions through its COMMERCE, CONNECT and GENTRAN product families to
address Extranet Management, Business Process Integration, Community
Management, EC Communication Infrastructure and Outsourcing. Sterling
Commerce has been providing E-commerce solutions for 25 years, and has
2,300 employees, 37 office locations and more than 40 distributors
worldwide. With more than 45,000 customers worldwide, the company had 1998
revenues of more than $490 million.
For more information, visit www.sterlingcommerce.com.
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