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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT: OCTOBER 9, 1998
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CHECKFREE HOLDINGS CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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Delaware 0-26802 58-2360335
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(STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER
JURISDICTION OF IDENTIFICATION NUMBER)
INCORPORATION OR
ORGANIZATION)
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4411 East Jones Bridge Road
Norcross, Georgia 30092
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S
PRINCIPAL EXECUTIVE OFFICES)
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Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On September 8, 1998, CheckFree Holdings Corporation, a Delaware
corporation (the "Company"), issued a press release announcing that the
Company's Board of Directors had authorized the Company to repurchase up to
1,500,000 shares of its outstanding common stock through September 8, 1999. The
press release dated September 8, 1998 was filed as an Exhibit 99 to a Form 8-K
filed on September 14, 1998.
On October 9, 1998, the Company issued a press release announcing that
the Company's Board of Directors has expanded its authorization so as to permit
the Company to repurchase up to 6,000,000 shares of its outstanding common stock
through September 8, 1999. The press release is included as Exhibit 99 to this
Form 8-K and is incorporated herein by this reference.
ITEM 7. EXHIBITS.
(C) EXHIBITS.
Exhibit No. Description
99 Press Release, dated October 9, 1998, entitled
"CheckFree Board Expands Stock Repurchase
Authorization."
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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.
CHECKFREE HOLDINGS CORPORATION
Date: October 9, 1998 By: /s/ Curtis A. Loveland
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Curtis A. Loveland, Secretary
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EXHIBIT INDEX
Exhibit No. Description
99 Press Release, dated October 9, 1998, entitled "CheckFree
Board Expands Stock Repurchase Authorization."
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Exhibit 99
MEDIA RELATIONS CONTACT: INVESTOR RELATIONS CONTACT:
LAURINDA WILSON GLEN SARVADY
(770) 840-1608 (770) 734-3511
[email protected] [email protected]
CHECKFREE BOARD EXPANDS STOCK REPURCHASE AUTHORIZATION
APPROVAL SET FOR REPURCHASE OF UP TO 6 MILLION SHARES THROUGH SEPTEMBER 8, 1999
ATLANTA (OCTOBER 9, 1998) - CHECKFREE HOLDINGS CORPORATION (NASDAQ:CKFR) TODAY
ANNOUNCED ITS BOARD OF DIRECTORS HAS APPROVED THE EXPANSION OF THE STOCK
REPURCHASE PROGRAM IT ANNOUNCED SEPTEMBER 8. THE NEW PLAN EXPANDS THE COMPANY'S
ORIGINAL AUTHORIZATION TO REPURCHASE UP TO 1.5 MILLION SHARES OF ITS COMMON
STOCK, $.01 PAR VALUE, THROUGH SEPTEMBER 8, 1999, TO AUTHORIZATION TO REPURCHASE
UP TO 6 MILLION SHARES OF ITS COMMON STOCK, $.01 PAR VALUE, THROUGH SEPTEMBER 8,
1999.
THE BOARD APPROVED THE REPURCHASE OF SHARES THROUGH OR WITH BROKERS AND DEALERS,
OR IN NEGOTIATED PRIVATE TRANSACTIONS WITH SHAREHOLDERS, AS APPROVED BY
MANAGEMENT. THE REPURCHASED SHARES CAN BE HELD AS TREASURY SHARES OR RETIRED.
UNDER THIS AUTHORITY, THE COMPANY HAS REPURCHASED 4.7 MILLION SHARES OF ITS
COMMON STOCK TO DATE THROUGH A COMBINATION OF MARKET AND PRIVATELY NEGOTIATED
TRANSACTIONS. THE 4.7 MILLION SHARES WERE PURCHASED AT AN AVERAGE PRICE OF $6.62
PER SHARE.
ABOUT CHECKFREE
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FOUNDED IN 1981, CHECKFREE CORPORATION, THE OPERATING SUBSIDIARY OF CHECKFREE
HOLDINGS, INC. (WWW.CHECKFREE.COM), IS THE LEADING PROVIDER OF ELECTRONIC
COMMERCE SERVICES, SOFTWARE AND RELATED PRODUCTS FOR MORE THAN 2.4 MILLION
CONSUMERS, 1,000 BUSINESSES AND 850 FINANCIAL INSTITUTIONS. CHECKFREE DESIGNS,
DEVELOPS AND MARKETS SERVICES THAT ENABLE ITS CUSTOMERS TO MAKE ELECTRONIC
PAYMENTS AND COLLECTIONS, AUTOMATE PAPER-BASED RECURRING FINANCIAL TRANSACTIONS
AND CONDUCT SECURE TRANSACTIONS ON THE INTERNET.
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