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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): NOVEMBER 20, 2000
CONTINENTAL INFORMATION SYSTEMS CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEW YORK 0-25104 16-0956508
(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
BROADWAY ATRIUM, 45 BROADWAY, SUITE 1105, NEW YORK, NEW YORK 10006-6700
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (212) 771-1000
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS
On November 20, 2000, Continental Information Systems Corporation (the
"Company") completed a repurchase of 607,158 shares of outstanding common stock
from The Chase Manhattan Bank and its wholly owned subsidiaries. The reacquired
shares represented 9.30% of the 6,527,344 shares outstanding. The shares were
purchased at $.9882 per share, which was less than the market price.
The repurchase was approved by the Company's Board of Directors at a
regularly scheduled meeting held on the same date.
The repurchase, combined with other purchases in the fiscal quarter,
reduced the number of outstanding shares from 6,576,244, as reported on the
Company's most recently filed Form 10Q, to 5,920,186.
2
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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 thereunto duly authorized.
CONTINENTAL INFORMATION SYSTEMS CORPORATION
BY: /S/ JONAH M. MEER
NAME: JONAH M. MEER
TITLE: CHIEF OPERATING OFFICER
DATED: NOVEMBER 28, 2000
