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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 24, 1997
MoneyGram Payment Systems, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware 1-14350 84-1327808
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
7401 W. Mansfield Ave., Lakewood, CO 80235
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 303-716-6800
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Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
Incorporated by reference is a press release issued by the Registrant on
December 24, 1997, attached as Exhibit 99, concerning the Registrant's stock
repurchase program.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
Exhibits
99. Press Release dated December 24, 1997.
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.
MoneyGram Payment Systems, Inc.
By: /s/ John M. Fowler
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John M. Fowler
Executive Vice President,
Chief Financial Officer and Treasurer
Dated: January 6, 1998
2
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EXHIBIT INDEX
Exhibit No. Page
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99 Press Release dated December 24, 1997 4
3
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Exhibit 99
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Contact: Warren Bechtel
201-291-3672
MoneyGram Announces Stock Repurchase Program
Saddle Brook, NJ, December 24, 1997 -- MoneyGram Payment Systems,
Inc. (NYSE:MNE) announced today that its Board of Directors has authorized a
Stock Repurchase Program under which up to 800,000 shares of the Company's
common stock may be repurchased. Purchases may be made from time to time at
prevailing prices in the open market, by block purchase or in private
transactions. The Stock Repurchase Program may be discontinued at any time.
The repurchased shares will be available for reissuance pursuant to the
provisions of employee benefit plans and for other corporate purposes. The
Company has 16,625,000 shares of common stock outstanding.
MoneyGram Payment Systems, Inc. is a leading non-bank provider of
consumer money transfer and other financial services. Through the MoneyGram
network of more than 22,000 convenient agent locations, customers can wire
cash in minutes to more than 100 countries throughout the world. MoneyGram
ExpressPayment-SM- service enables credit card issuers, mortgage servicers,
finance companies, collections companies and others to collect good-funds
payments from delinquent debtors within hours. The Company was organized in
January 1996 and completed the initial public offering of its common shares
on December 11, 1996.
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