HBO & CO
8-K, 1996-02-27
COMPUTER INTEGRATED SYSTEMS DESIGN
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<PAGE>

                      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

                              FEBRUARY 27, 1996
                                Date of Report
                             (FEBRUARY 13, 1996)
                     (Date of earliest event reported)

                                HBO & COMPANY
            (Exact name of registrant as specified in its charter)

                                   DELAWARE
                (State or other jurisdiction of incorporation)


        0-9900                                            37-0986839
- ------------------------                      ---------------------------------
(Commission File Number)                      (IRS Employer Identification No.)


      301 PERIMETER CENTER NORTH
               ATLANTA, GA                                   30346
- ----------------------------------------                   ----------
(Address of principal executive offices)                   (Zip Code)


                                (770) 393-6000
              --------------------------------------------------
              Registrant's telephone number, including area code

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ITEM 5: OTHER EVENTS

        On February 13, 1996, the Board of Directors of HBO & Company (the
"Company") approved an amendment to the Company's Certificate of
Incorporation that would increase the number of shares of authorized common
stock from 60 million to 250 million. The amendment is subject to stockholder
approval at the Company's Annual Meeting of Stockholders to be held on
May 14, 1996. In addition, the Board has announced its intention to declare a
two-for-one stock split to be effected in the form of a stock dividend,
contingent upon stockholder approval of the increase in authorized shares.

ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS

        (c) Exhibits.

            EXHIBIT NO.                      DESCRIPTION
            -----------                      -----------

                20        HBO & Company News Release dated February 14, 1996



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<PAGE>

                                  SIGNATURES

     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.


                                       HBO & COMPANY
                                       (Registrant)


Date: February 27, 1996


                                       /s/ Jay P. Gilbertson
                                       ----------------------------------------
                                       Jay P. Gilbertson
                                       Vice President -- Finance,
                                       Chief Financial Officer,
                                       Principal Accounting Officer,
                                       Treasurer and Assistant Secretary



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<PAGE>

                                                                     EXHIBIT 20

NEWS RELEASE

                                                   CONTACT:  ANNE DAVENPORT
                                                             DIRECTOR
                                                             INVESTOR RELATIONS
                                                             (770) 668-5968

                            HBO & COMPANY APPROVES
                   INCREASE IN ITS AUTHORIZED COMMON STOCK
                       AND DECLARES QUARTERLY DIVIDEND

     ATLANTA, February 14, 1996 -- Healthcare information systems vendor HBO
& Company (NASDAQ: HBOC) held its quarterly Board of Directors' meeting
February 13, 1996. At the Board meeting it was announced that the Board of
Directors approved an amendment to HBOC's Certificate of Incorporation that
would increase the number of shares of authorized Common Stock from
60,000,000 to 250,000,000. The amendment is subject to stockholder approval at
the Company's Annual Meeting of Stockholders to be held on May 14, 1996. If
the amendment is approved by the stockholders, the Board has authorized a
two-for-one stock split in the form of a stock dividend.

     Also at the meeting, it was determined that HBOC would pay its quarterly
cash dividend of $.04 (four cents) per share to stockholders of record on
March 29, 1996, payable April 22, 1996.

     HBO & Company delivers enterprise wide patient care, clinical, financial
and strategic management software solutions, as well as networking
technologies, outsourcing and other services to healthcare organizations in
the United States, United Kingdom, Canada, Australia and New Zealand.

                                     ###

        301 Perimeter Center North * Atlanta, GA 30346 * (770) 393-6000



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