-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B5CRdkxJSfSNZNSkGXsHyy1ZjzTe4E/6finiljSjz7aXDHJpYbj2S5GDKzKT9m0o j2PACPSS83JhUPysPcfzIw== 0001275287-07-001688.txt : 20070406 0001275287-07-001688.hdr.sgml : 20070406 20070405184716 ACCESSION NUMBER: 0001275287-07-001688 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070405 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070406 DATE AS OF CHANGE: 20070405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLOBAL PAYMENTS INC CENTRAL INDEX KEY: 0001123360 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 582567903 STATE OF INCORPORATION: GA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16111 FILM NUMBER: 07753177 BUSINESS ADDRESS: STREET 1: 10 GLENLAKE PARKWAY STREET 2: NORTH TOWER CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: 7708298238 MAIL ADDRESS: STREET 1: 10 GLENLAKE PARKWAY STREET 2: NORTH TOWER CITY: ATLANTA STATE: GA ZIP: 30328 8-K 1 gp9545.txt FORM 8-K ================================================================================ UNITED STATES 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): APRIL 5, 2007 COMMISSION FILE NUMBER 001-16111 ---------- GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) identification no.) 10 Glenlake Parkway, North Tower, Atlanta, Georgia 30328-3473 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 770-829-8234 NONE (Former name, former address and former fiscal year, if changed since last report) ---------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the flowing provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ ITEM 8.01 OTHER EVENTS On April 5, 2007, Global Payments Inc. (the "Company"), a Georgia corporation, issued a press release announcing that its Board of Directors has approved a share repurchase program that authorized the purchase of up to $100 million of Global Payments' stock in the open market or as otherwise may be determined by the Company, subject to market conditions, business opportunities, and other factors. This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be retired but will be available for future issuance. A copy of the press release is attached as Exhibit 99.1 to this report. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (d) Exhibits 99.1 Press Release dated April 5, 2007 2 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 thereunto duly authorized. Global Payments Inc. ---------------------------- (Registrant) Date: April 5, 2007 By: /s/ Joseph C. Hyde ------------------------ Joseph C. Hyde Chief Financial Officer 3 EX-99.1 2 gp9545ex991.txt EXHIBIT 99.1 Exhibit 99.1 GLOBAL PAYMENTS BOARD APPROVES SHARE REPURCHASE PROGRAM ATLANTA, April 5 /PRNewswire-FirstCall/ -- Global Payments Inc. (NYSE: GPN) announced today that the company's Board of Directors has approved a share repurchase program that authorizes the purchase of up to $100 million of Global Payments' stock. Under this new authorization, Global Payments may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities, and other factors. The company has no obligation to repurchase shares under this program and currently intends to use this authorization as a means of offsetting dilution from the issuance of shares under employee benefit plans. This authorization has no expiration date and may be suspended or terminated at any time. Repurchased shares will be retired, but will be available for future issuance. (Logo: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO ) Chairman, President and CEO, Paul R. Garcia, stated, "Global Payments has a business model that generates strong, recurring levels of cash flow. In our plan to deliver long-term value for our shareholders, we continue to believe that our best use of cash is to complete strategic acquisitions and make planned capital investments in our company. In addition, this share- repurchase authorization and our existing dividend program allow us the ability to return a portion of our cash flow to our investors." Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi- national corporations located throughout the United States, Canada, Latin America, Europe and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco and the Philippines. For more information about the company and its services, visit www.globalpaymentsinc.com. This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events. Contact: Jane M. Elliott 770-829-8234 Voice 770-829-8267 Fax investor.relations@globalpay.com SOURCE Global Payments Inc. -0- 04/05/2007 /CONTACT: Jane M. Elliott of Global Payments Inc., +1-770-829-8234, investor.relations@globalpay.com/ /Photo: Newscom: http://www.newscom.com/cgi-bin/prnh/20010221/ATW031LOGO AP Archive: http://photoarchive.ap.org PRN Photo Desk, photodesk@prnewswire.com/ /Web site: http://www.globalpaymentsinc.com/ (GPN) -----END PRIVACY-ENHANCED MESSAGE-----