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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): February 15, 2000
PTEK HOLDINGS, INC.
(Exact name of registrant
as specified in its charter)
Georgia 0-27778 59-3074176
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
3399 Peachtree Road, N.E.
The Lenox Building, Suite 600
Atlanta, Georgia 30326
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(Address of principal executive officers) (Zip Code)
Registrant's telephone number, including area code: (404) 262-8400
Premiere Technologies, Inc.
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(Former name or former address, if changed since last report)
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Item 5. Other Events
Name Change
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On February 15, 2000, the Registrant changed its name from Premiere
Technologies, Inc. to PTEK Holdings, Inc. by filing Articles of Amendment with
the Georgia Secretary of State.
Adjustments to Historical Financial Statements
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On February 29, 2000, PTEK Holdings, Inc. ("PTEK") announced in its earnings
press release that it will be required to make certain adjustments to its
historical financial statements as a result of comments from the Securities and
Exchange Commission ("SEC"). The adjustments to PTEK's financial statements for
the fiscal years ended 1997 and 1998 and the nine months ended September 30,
1999, which are being made in response to an SEC letter dated February 25, 2000
following a review of certain filings made by PTEK, reflect adjustments to the
timing and classification of certain expenses recorded by PTEK in 1997 and 1998
primarily in connection with its acquisitions of Voice-Tel and VoiceCom. Until
receipt of the February 25, 2000 letter from the SEC, PTEK believed that its
accounting treatment with respect to each of the timing and classification of
these expenses was appropriate at the time it was taken, as did PTEK's
independent auditors. The effect of these adjustments is to decrease PTEK's loss
per share from $.78 to $.57 for the fiscal year ended December 31, 1997, to
increase its loss per share from $1.67 to $1.90 for the fiscal year ended
December 31, 1998, and to decrease its loss per share for the nine months ended
September 30, 1999 from $2.01 to $1.97.
PTEK plans to amend, as soon as reasonably practicable, its Annual Report on
Form 10-K for the fiscal year ended 1998 and its interim unaudited financial
statements for the first three quarters of 1999, as necessary, to reflect these
adjustments. Accordingly, PTEK's Annual Report on Form 10-K for the fiscal year
ended 1998 and its interim unaudited financial statements for the first three
quarters of 1999 should not be relied upon until they are so amended.
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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 hereunto duly authorized.
PTEK HOLDINGS, INC.
By: /s/ Patrick G. Jones
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Patrick G. Jones
Executive Vice President,
Chief Financial Officer and
Chief Legal Officer
Dated: March 3, 2000
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