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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 12, 1998
POLICY MANAGEMENT SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
SOUTH CAROLINA 1-10557 57-0723125
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
ONE PMSC CENTER (PO BOX 10)
BLYTHEWOOD, SC (COLUMBIA, SC) 29016 (29202)
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 333-4000
N/A
---------------------------------------
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
On May 12, 1998, the Board of Directors of Policy Management Systems
Corporation (the "Company") declared a two-for-one split of the Company's
common stock to be effected in the form of a 100 percent share dividend
payable on June 15, 1998, to common shareholders of record on June 1, 1998.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(A) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED. Not Applicable.
(B) PRO FORMA FINANCIAL INFORMATION. Not Applicable.
(C) EXHIBITS.
99.1. Press release dated May 12, 1998.
<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.
POLICY MANAGEMENT SYSTEMS CORPORATION
(Registrant)
Date: May 12, 1998 Timothy V. Williams
Executive Vice President
(Chief Financial Officer)
EXHIBIT INDEX
Exhibit
Number
- ------
99.1 Press release dated May 12, 1998.
Charles T. Conway Jr.
Director, Corporate Communications
(803) 333-5348
e-mail: [email protected]
POLICY MANAGEMENT SYSTEMS CORP. ANNOUNCES A
TWO-FOR-ONE STOCK SPLIT
COLUMBIA, S.C., MAY 12, 1998: Policy Management Systems Corp.
(NYSE: PMS) (PMSC ) announced today that its Board of Directors has approved a
two-for-one split of its common stock.
The stock split will be effected as a stock dividend. Shareholders of
record on June 1 will be issued a certificate representing one additional
share of common stock for each share of common stock held on the record date.
These certificates will be distributed on June 15, 1998. The stock split will
increase the number of shares of common stock outstanding from approximately
18.4 million to 36.8 million shares.
PMSC, headquartered in Columbia, S.C., is the leader in providing
enterprise and electronic commerce application software, professional services
and outsourcing designed to meet the needs of the global insurance and related
financial services industries. Information on PMSC and its products and
services can be found on the World Wide Web at http://www.pmsc.com
