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
March 29, 1996
(Earliest Event Reported)
Total System Services, Inc.
(Exact Name of Registrant as
Specified in its Charter)
Georgia 1-10254 58-1493818
(State of (Commission File (IRS Employer
Incorporation) Number) Identification
Number)
1200 Sixth Avenue, Columbus, Georgia 31901
(Address of principal executive offices)
(706) 649-2267
(Registrant's Telephone Number)
(Former name or former address, if changed since last report)
Item 5. Other Events.
On March 29, 1996, Total System Services, Inc. ("Registrant") announced a
two-for-one stock split to be issued on April 22, 1996 to shareholders of record
as of April 11, 1996.
A copy of Registrant's press release regarding the announcement referenced
above is attached hereto as Exhibit 99, and by this reference made a part
hereof.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits.
(a) Financial Statements - None.
(b) Pro Forma Financial Information - None.
(c) Exhibits
99 - Registrant's press release, March 29, 1996
2
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, Registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TOTAL SYSTEM SERVICES, INC.
("Registrant")
Dated: March 29, 1996 By: /s/Kathleen Moates
Kathleen Moates
Deputy General Counsel
3
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TSYS(R) NEWS RELEASE
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For immediate release
Contacts: Patrick Reynolds
Director of Investor Relations
(706) 649-4973
Total System Services Announces Two-for-One Stock Split
Fourth Two-for-One Split in Ten-Year Period
Columbus, Ga., March 29, 1996 -- Today, Total System Services, Inc. (TSYS)
(NYSE - "TSS") announced a two-for-one stock split. The two-for-one stock split
will be issued on April 22, 1996, to shareholders of record as of April 11,
1996.
Commenting on the stock split, TSYS Chairman of the Board and CEO, Richard
W. Ussery stated, "We are pleased to announce a two-for-one stock split. The
market has recognized Total System Services as a unique, value-added company
that consistently performs at the highest levels in our industry, handsomely
rewarding our shareholders. This split, our fourth two-for-one in the last ten
years, will increase the number of shares outstanding and better reflect the
historical trading range of our stock."
Headquartered in Columbus, Ga., TSYS is one of the world's largest credit,
debit and private-label card processing companies, serving card issuing and
acquiring institutions located throughout the United States, Puerto Rico, Canada
and Mexico, representing more than 64 million cardholder and over 600,000
merchant accounts. TSYS provides a comprehensive on-line system of data
processing services marketed as THE TOTAL SYSTEM(SM). TSYS' 1995 revenues
totaled $249.7 million. The company is an 80.8 percent owned subsidiary of
Synovus Financial Corp. (NYSE- "SNV"), a $7.9 billion asset, multi-financial
services company that also includes 34 banking affiliates in four southeastern
states, a full-service brokerage firm, a comprehensive trust services provider
and a mortgage services company. # # #
