-----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, AtsJhDYMAylh4EoBqQigWJnqRkxyVIn1VJcldW+chaXACB8bc+rX9/8vv/n+PefN XiTBDgheFVHbk8BdX9BCNA== 0000018349-98-000007.txt : 19980310 0000018349-98-000007.hdr.sgml : 19980310 ACCESSION NUMBER: 0000018349-98-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19980309 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980309 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNOVUS FINANCIAL CORP CENTRAL INDEX KEY: 0000018349 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 581134883 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10312 FILM NUMBER: 98560485 BUSINESS ADDRESS: STREET 1: 901 FRONT AVENUE STREET 2: STE 301 CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7066494818 MAIL ADDRESS: STREET 1: P.O.BOX 120 CITY: COLUMBUS STATE: GA ZIP: 31902 FORMER COMPANY: FORMER CONFORMED NAME: CB&T BANCSHARES INC DATE OF NAME CHANGE: 19890912 8-K 1 FORM 8-K 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 March 9, 1998 (Earliest Event Reported) Synovus Financial Corp. (Exact Name of Registrant as Specified in its Charter) Georgia 1-10312 58-1134883 (State of (Commission File (IRS Employer Incorporation) Number) Identification Number) 901 Front Avenue, Suite 301, Columbus, Georgia 31901 (Address of principal executive offices) (706) 649-2267 (Registrant's Telephone Number) (Former name or former address, if changed since last report) Item 5. Other Events. On March 9, 1998, Synovus Financial Corp. ("Registrant") announced a 22.2% increase in its quarterly dividend. The quarterly dividend will be increased to $0.11 from $0.09 and will be payable on April 1, 1998 to shareholders of record as of March 20, 1998. On March 9, 1998, Total System Services, Inc. ("TSYS"), Registrant's 80.7% owned bankcard data processing subsidiary, announced that it is engaged in negotiations with Sears, Roebuck and Co. to support Sears' private-label credit card accounts. Copies of the press releases regarding the announcements referenced above are attached hereto as Exhibits 99.1 and 99.2, respectively, and by this reference made a part hereof. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements - None. (b) Pro Forma Financial Information - None. (c) Exhibits 99.1 - Registrant's press release dated March 9, 1998 99.2 - TSYS' press release dated March 9, 1998 Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SYNOVUS FINANCIAL CORP. ("Registrant") Dated: March 9, 1998 By:/s/Kathleen Moates Kathleen Moates Senior Vice President 3 Exhibit Index Exhibit Number Description 99.1 Synovus Financial Corp.'s press release dated March 9, 1998 99.2 Total System Services, Inc.'s press release dated March 9, 1998 4 EX-99.1 2 NEWS RELEASE NEWS RELEASE [LOGO](R) SYNOVUS FINANCIAL CORP.(R) For Immediate Release Contact: Patrick A. Reynolds Jason M. Brady Director of Investor Relations Associate Director of Investor Relations (706) 649-4973 (706) 649-5220 SYNOVUS FINANCIAL CORP. ANNOUNCES 22.2% INCREASE IN QUARTERLY DIVIDEND Columbus, GA, March 9, 1998 - Today, Synovus Financial Corp. (NYSE - "SNV"), the Columbus,Georgia, based multi-financial services company, announced a 22.2% increase in the quarterly cash dividend of Synovus common stock. The quarterly cash dividend will be increased to $0.11 from $0.09, payable on April 1, 1998, to shareholders of record as of March 20, 1998. Commenting on the increase, James H. Blanchard, Chairman of the Board and CEO, stated, "We are proud to increase our cash dividend for the 22nd consecutive year. This increase reflects the Board of Directors' confidence in our future and our commitment to maximize the total return of our common stock to our shareholders." The cash dividend paid to shareholders has increased at an annual compound growth rate of 20.9% for the last five years and 17.2% for the past ten years. Synovus Financial Corp. (Syn o vus) is a $9.3 billion asset, multi-financial services company composed of 34 banks serving communities throughout Georgia, Alabama, Florida and South Carolina; an 80.7% ownership of Total System Services, Inc. (NYSE - "TSS") (www.totalsystem.com), one of the world's largest credit, debit, commercial and private-label card processing companies; Synovus Trust Company, one of the Southeast's largest providers of trust services; Synovus Securities, Inc., a full-service brokerage firm; and Synovus Mortgage Corp., which offers mortgage services throughout the Southeast. Synovus Financial Corp. is a component of the Standard and Poors 500 index and has been named the 11th best place to work in America by FORTUNE magazine. The name "Synovus" was created by the combination of synergy and novus - synergy, meaning the interaction of separate components such that the total effect is greater than the sum of its parts and novus (Latin for "new"), meaning usually of superior quality and different from the others listed in the same category. Synovus' Internet address is www.synovus.com. ### Post Office Box 120 / Columbus, GA 31902http://www.snv.com EX-99.2 3 NEWS RELEASE TSYS(R) NEWS RELEASE TOTAL SYSTEM SERVICES, INC.(R) Immediate Release Contacts: Danita Gibson-Lloyd Kimberly Knight Corporate Communications Mgr. Corporate Communications Spec. (706) 649-5578 (706) 644-1218 dgibsonlloyd@totalsystem.com kknight@totalsystem.com TSYS Announces Negotiations with Sears, Roebuck and Co. Columbus, Ga., March 9, 1998 -- Total System Services, Inc.(R)(TSYS)(NYSE: "TSS") today announced that it is engaged in negotiations with Sears, Roebuck and Co. (Sears) (NYSE: "S") to support Sears' private-label credit card accounts. No agreement between TSYS and Sears has been reached. No further comment or announcement will be made by TSYS until negotiations have concluded. TSYS (www.totalsystem.com) is one of the world's largest credit, debit, commercial and private-label card processing companies and is an 80.7 percent owned subsidiary of Synovus Financial Corp.(R)(NYSE: "SNV")(www.synovus.com). ### -----END PRIVACY-ENHANCED MESSAGE-----