UNITED STATES
SECURITES 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)
July 20, 1998
SEEC, Inc.
(Commission file number: 0-21985)
(Exact name of registrant as specified in its charter)
Pennsylvania SEEC, Inc. 55-0686906
(State of Incorporation (I.R.S. Employer
of the registrant) Identification Number)
SEEC, Inc.
Park West One, Suite 200, Cliff Mine Road,
Pittsburgh, Pennsylvania
(Address of principal executive offices)
(412) 893-0300
(Registrant's telephone number)
Item 5. Other Events
On July 20, 1998, SEEC, Inc. announced that it plans to
begin a stock repurchase program utilizing up to $3 million to
buy shares of the Company's common stock from time to time on
the open market, subject to market conditions and other
relevant factors. The repurchased shares will be used to
cover stock option exercises and for other corporate purposes.
See Exhibit 99 to this report for additional information.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Designation Description
- ----------- -----------
99 News release dated July 20, 1998
of SEEC, Inc. related to
its announcement of a
stock repurchase program.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the registrants have duly caused this report to
be signed on their behalf by the undersigned thereunto duly
authorized.
SEEC, Inc. (Registrant)
Date: July 20, 1998 By: [/s/ Ravindra Koka]
-----------------------
Ravindra Koka
President and CEO
Date: July 20, 1998 By: [/s/ Richard J. Goldbach]
-----------------------------
Richard J. Goldbach
Treasurer and CFO
(this space intentionally left blank)
Exhibit 99
FOR IMMEDIATE RELEASE
Investor Relations
SEEC, Inc.
(412) 893-0490
[email protected]
SEEC, INC. ANNOUNCES STOCK REPURCHASE PROGRAM
PITTSBURGH, PA., JULY 20, 1998- SEEC, Inc. (NASDAQ: SEEC)
today announced that it plans to begin a stock repurchase
program utilizing up to $3 million to buy shares of the
Company's common stock from time to time on the open
market, subject to market conditions and other relevant
factors. The repurchased shares will be used to cover
stock option exercises and for other corporate purposes.
"We believe our stock represents a good investment and that
a stock repurchase program is an appropriate use of our
resources in light of the stock's underlying book and cash
value per share relative to current market prices, and in
light our of growth prospects and new product introduction
plans," said Ravi Koka, President and CEO of SEEC.
About SEEC, Inc.
SEEC, Inc., (NASDAQ: SEEC) provides integrated and
comprehensive enterprise solutions--including year 2000
conversion, reengineering, data warehousing and web-enabled
applications--that enable large organizations and third-
party service providers to efficiently and effectively
reengineer legacy system applications and databases. SEEC's
enterprise solutions combine a suite of proven software
products with well-defined repeatable methodologies
designed to improve the quality, productivity and
effectiveness of the reengineering process. SEEC's products
currently support the major programming languages that
account for 94 percent of the world's legacy applications,
as well as the key databases that represent 90 percent of
legacy information, and new support is always being added
in response to the market's demand. SEEC's tools are
helping government agencies, utilities, manufacturing
companies and financial and educational institutions
achieve significant savings while extending the life-span
and value of business-critical legacy applications. Visit
SEEC's Web site at www.seec.com.
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