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 22, 1997
Commission File No. 001-12392
NATIONAL DATA CORPORATION
(Exact name of registrant as specified in charter)
DELAWARE 58-0977458
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
National Data Plaza, Atlanta, Georgia 30329-2010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 404-728-2000
NONE
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(Former name, former address and former fiscal year, if
changed since last year)
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Item 5. Other Events
On December 22, 1997, National Data Corporation's ("the Company")
Board of Directors authorized a plan to repurchase up to 200,000
shares of the Company's common stock. Subject to availability at
prices the Company deems appropriate, the repurchases may be made
from time-to-time in the open market. The shares will be used to
fund the Company's internal requirements under various stock plans
such as stock option, employee stock purchase, restricted stock and
employee savings plans.
Robert A. Yellowlees, the Company's chairman and CEO remarked
that "We are pleased with the Board's decision to use a portion of
the company's capital to repurchase our shares. Given the current
market conditions this program represents an attractive investment
that will further our goal of maximizing stockholder value."
National Data Corporation is a leading provider of health
information services and payment systems solutions that add value
to its customers' operations.
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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 thereunto duly authorized.
NATIONAL DATA CORPORATION
(Registrant)
Date: December 22, 1997 By: /s/ Robert L. Walker
_________________ ______________________
Robert L. Walker
Chief Financial Officer
