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) March 11, 1999
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GRADCO SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Nevada 0-12829 95-3342977
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
3753 Howard Hughes Pkwy, Ste 200,
Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 892-3714
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Item 5. Other Events.
The Company announced, March 11, 1999, that its Board of Directors has
approved the repurchase of up to two million shares of the Company's common
stock by the Company in the market from time to time. Immediately thereafter
the Company determined that its wholly-owned subsidiary, Gradco (USA) Inc.,
would make any such purchases directly. The Board adopted resolutions to such
effect.
Item 7. Financial Statements and Exhibits.
c. Exhibits.
Exhibit 1 Registrant's press release issued March 11, 1999
regarding the 2 million share buyback program.
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.
GRADCO SYSTEMS, INC.
Registrant
By:
Date: May 11, 1999 BERNARD BRESSLER
Bernard Bressler
Secretary and Treasurer
Gradco Systems, Inc. Makes Announcement
LAS VEGAS--(BUSINESS WIRE)--March 11, 1999--Gradco Systems, Inc.(Nasdaq:GRCO)
Thursday announced that the Board of Directors had approved the purchase of up
to 2 million shares of its common stock by the company in the market from time
to time.
It is anticipated that to the extent that any such purchases are made Gradco
will obtain funds for such purchases from its subsidiaries. The board
resolution does not require that any purchases be made. For further
information contact Jim Owens at 949/206-6154.
CONTACT:Gradco Systems, Inc.
Jim Owens, 949/206-6154
