Exhibit 5.1
June 26, 2000
Acxiom Corporation
P. O. Box 8180, 1 Information Way
Little Rock, Arkansas 72203
Re: REGISTRATION ON FORM S-8 OF SHARES OF COMMON STOCK PAR VALUE $.10 PER
SHARE, OFFERED PURSUANT TO THE 2000 ASSOCIATE STOCK OPTION PLAN OF
ACXIOM CORPORATION
Ladies and Gentlemen:
We are acting as counsel to Acxiom Corporation, a Delaware corporation (the
"Company") in connection with the registration under the Securities Act of 1933,
as amended, of up to 6,500,000 shares (the "Shares") of common stock, par value
$.10 per share, of the Company issuable under the 2000 Associate Stock Option
Plan of Acxiom Corporation (the "Plan").
We have examined such documents, records, and matters of law as we have
deemed necessary for purposes of this opinion. Based on such examination and on
the assumptions set forth below, we are of the opinion that the Shares to be
offered and sold, when issued and delivered in accordance with the terms and
provisions of the Plan, against receipt of the consideration provided for
therein, will be validly issued, fully paid, and nonassessable.
In rendering this opinion, we have (i) assumed and have not independently
verified (a) the due authorization, execution and delivery of the Plan, (b) that
all signatures on all certificates and other documents examined by us are
genuine, and that, where any such signature purports to have been made in a
corporate, governmental or other capacity, the person who affixed such signature
to such certificate or other document had authority to do so, and (c) the
authenticity of all documents submitted to us as originals and the conformity to
original documents of all documents submitted to us as copies and (ii) as to
certain factual matters, relied upon certificates of public officials and of the
Company and its officers and have not independently checked or verified the
accuracy of the factual statements contained therein. In addition, our
examination of matters of law has been limited to the General Corporation Law of
the State of Delaware and the federal laws of the United States of America, in
each case in effect on the date hereof.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the
Registration Statement.
Very truly yours,
/s/ Kutak Rock LLP
