<PAGE> 1
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: MARCH 28, 2000
CHECKFREE HOLDINGS CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 0-26802 58-2360335
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(STATE OR OTHER JURISDICTION OF (IRS EMPLOYER
INCORPORATION OR ORGANIZATION) (COMMISSION FILE NO.) IDENTIFICATION NUMBER)
4411 East Jones Bridge Road
Norcross, Georgia 30092
(678) 375-3000
(ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER
INCLUDING AREA CODE OF REGISTRANT'S
PRINCIPAL EXECUTIVE OFFICES)
Not Applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On March 28, 2000, CheckFree Holdings Corporation announced that it had
entered into a multi-year non-exclusive extension to its contract with Chase
Manhattan Bank for electronic payment services.
CheckFree's press release issued March 28, 2000 regarding the Chase
Manhattan agreement is attached as an exhibit to this report and is incorporated
in this Form 8-K by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS.
EXHIBIT NO. DESCRIPTION
99 CheckFree Holdings Corporation's Press Release
issued March 28, 2000, regarding the execution of
a multi-year non-exclusive extension to its
contract with Chase Manhattan Bank for electronic
payment services.
2
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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: March 28, 2000 By: /s/ Allen L. Shulman
------------------------------------
Allen L. Shulman, Executive Vice
President, Chief Financial Officer
and General Counsel
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
99* CheckFree Holdings Corporation's Press Release
issued March 28, 2000, regarding the execution of
a multi-year non-exclusive extension to its
contract with Chase Manhattan Bank for electronic
payment services.
----------
* Filed with this report.
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[CheckFree Letterhead]
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FOR IMMEDIATE RELEASE
CHECKFREE ANNOUNCES CHASE CONTRACT
ATLANTA, March 28, 2000 -- CheckFree Corporation (NASDAQ: CKFR) announced
today that one of its largest customers, the Chase Manhattan Bank (NYSE: CMB)
has signed a multi-year non-exclusive extension to its contract for electronic
payment services. According to the terms of the agreement, CheckFree will handle
remittance processing for Chase's electronic bill payment offering.
"CheckFree highly values its relationship with Chase and we look forward to
continuing to deliver to them high quality, innovative electronic payment
services," said Pete Sinisgalli, president and chief operating officer,
CheckFree Corporation. "Together with strong partners such as Chase we will
continue to accelerate the market."
"Chase is committed to bringing the benefits of electronic billing and payment
to its customers as part of its online financial services strategy, " said Bruce
Zimmerman, Chase National Consumer Services senior vice president. "The
potential for communication with consumers in new ways increases as they return
to Chase.com to pay bills electronically. At the same time, our customers
experience convenience, time savings and greater control over all of their
financial activities from one site. "
ABOUT CHASE MANHATTAN
The Chase Manhattan Corporation (www.chase.com) is a premier global financial
services firm with assets in excess of $400 billion. Chase combines the best of
commercial and investment banking, offers world-class information and
transaction processing services, and has a leading U.S. consumer franchise that
serves 32 million customers. Through its newly formed business unit Chase.com,
Chase is successfully creating innovative business models for the New Economy.
Chase, with offices in more than 45 countries, has a presence in all of the
principal financial centers around the world.
ABOUT CHECKFREE
CheckFree Corporation (www.checkfree.com), is the leading provider of financial
electronic commerce services and products. Founded as an electronic payments
processor in 1981, CheckFree launched the first fully integrated electronic
billing and payment solution, CheckFree E-BillSM, in March of 1997. Today,
CheckFree services enable three million consumers to receive and pay bills over
the Internet or electronically. The Company has multi-year contracts with 89 of
the nation's top billers to provide online billing and payment through its
network of partnerships with more than 100 consumer service providers (CSPs),
including banks, brokerage firms, Internet portals and content sites, and
personal financial management (PFM) software. CheckFree's Investment Services
division provides a range of investment management services
-more-
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CHECKFREE ANNOUNCES CHASE CONTRACT/ PAGE 2 OF 2
to help more than 255 institutions provide portfolio management and reporting
services to their clients. CheckFree clients manage over 820,000 portfolios
totaling more than $480 billion in assets. Software and services provided by
CheckFree's Compliance and Financial Service division are used to process more
than two-thirds of the nation's six billion Automated Clearing House (ACH)
payments. In addition, nearly 400 banks and businesses use reconciliation
products and services the division provides.
Certain of the Company's statements in this press release are not purely
historical, and as such are "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These include statements
regarding management's intentions, plans, beliefs, expectations or projections
of the future. Forward-looking statements involve risks and uncertainties,
including without limitation, the various risks inherent in the Company's
business, and other risks and uncertainties detailed from time to time in the
Company's periodic reports filed with the Securities and Exchange Commission,
including Form 10-K for the year ended June 30, 1999 (filed September 24, 1999),
Form 10-Q for the quarter ended September 30, 1999 (filed November 15, 1999),
and Form S-3 Registration Statement (filed January 14, 2000). One or more of
these factors have affected, and could in the future affect, the Company's
business and financial results in future periods, and could cause actual results
to differ materially from plans and projections. There can be no assurance that
the forward-looking statements made in this document will prove to be accurate,
and issuance of such forward-looking statements should not be regarded as a
representation by the Company, or any other person, that the objectives and
plans of the Company will be achieved. All forward-looking statements made in
this press release are based on information presently available to management,
and the Company assumes no obligation to update any forward-looking statements.
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