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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): September 24, 1999
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Commission File No. 001-12392
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NATIONAL DATA CORPORATION
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(Exact name of registrant as specified in charter)
DELAWARE 58-0977458
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(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification Number)
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
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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
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On September 24, 1999, National Data Corporation ("the Company") announced that
its board of directors has authorized a plan to purchase up to an additional
2,000,000 shares of the company's common stock. This is in addition to the plan
announced in October, 1998 when the company said that it would repurchase up to
500,000 shares.
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, "In light of the
current price level of NDC stock, we believe that this program represents an
attractive investment."
National Data Corporation is a leading provider of health information services
and electronic commerce solutions that add value to its customers' operations.
This document may contain forward-looking statements concerning the Company's
operations, current and future performance and financial condition. These items
involve risks and uncertainties such as product demand, market and customer
acceptance, the effect of economic conditions, competition, pricing, development
difficulties, the ability to consummate and integrate acquisitions, and other
risks detailed in the Company's SEC filings. The Company undertakes no
obligation to revise any of these statements to reflect future circumstances or
the occurrence of unanticipated events.
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SIGNATURES
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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.
NATIONAL DATA CORPORATION
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(Registrant)
By: /s/ Kevin C. Shea
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Kevin C. Shea
Chief Financial Officer
Date: September 29, 1999
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