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) February 17, 1998
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SPAN-AMERICA MEDICAL SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
South Carolina 0-11392 57-0525804
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(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)
70 Commerce Center, Greenville, SC 29615
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(Address of principal executive offices)
Registrant's telephone number, including area code (864) 288-8877
Not Applicable
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
On February 17, 1998, Span-America Medical Systems, Inc. repurchased 280,579
shares, or 9.0%, of the Company's outstanding Common Stock in a private
transaction from an unaffiliated shareholder. The purchase price was $7.70 per
share, or approximately $2.16 million, and was funded from the company's on hand
cash balances.
The repurchased stock will be retired, which will reduce the Company's
outstanding shares to 2,833,659.
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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.
SPAN-AMERICA MEDICAL SYSTEMS, INC.
/s/ Richard C. Coggins
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Richard C. Coggins
Vice President - Finance
/s/ James D. Ferguson
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James D. Ferguson
President and Chief Executive Officer
Date: February 27, 1998
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