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: JULY 2, 1996 ---------- CHECKFREE CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ---------- Delaware 0-26802 31-1013521 - ---------------- ------------------- -------------------- (STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER JURISDICTION OF IDENTIFICATION NUMBER) INCORPORATION OR ORGANIZATION) ---------- 8275 North High Street Columbus, Ohio 43235 (614) 825-3000 (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) ---------- 2 ITEM 5. OTHER EVENTS. On July 3, 1996, Checkfree Corporation, a Delaware corporation ("Checkfree"), announced the resignation of Robert E. Bowers, its Executive Vice President and Chief Financial Officer. Checkfree has begun a search to hire a new Chief Financial Officer. Checkfree's press release issued July 3, 1996 regarding Mr. Bowers' resignation is attached as an exhibit to this report and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) EXHIBITS. Exhibit No. Description 99(a) Press release of Checkfree Corporation issued July 3, 1996, regarding Mr. Bowers' resignation. 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 CORPORATION Date: July 5, 1996 By: /s/ John M. Stanton -------------------- John M. Stanton, Vice President and Treasurer -2- 3 EXHIBIT INDEX -3-
Exhibit No. Description Page 99(a) Press release of Checkfree Corporation issued July 3, 1996, regarding Mr. Bowers' resignation.
1 Exhibit 99a CHECKFREE (R) CORPORATION 4411 East Jones Bridge Road Media contact: Matt Lewis, Norcross, Georgia 30092 CheckFree Corporation 790-441-3387 (770) 734-3404 matt_lewis@atl.checkfree.com - -------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE FOR IMMEDIATE RELEASE - -------------------------------------------------------------------------------- CHECKFREE BEGINS SEARCH FOR NEW FINANCIAL OFFICER Columbus, OH (July 3, 1996) CheckFree Corporation (NASDAQ:CKFR, www.checkfree.com) announced today an active search for a new Chief Financial Officer to replace Robert E. Bowers who will leave the company effective in early August. Mr. Bowers, who was previously the Chief Financial Officer of Servantis Systems, Inc., Norcross, Georgia, which CheckFree acquired in February of this year, is leaving to pursue other interests. The acquisition of Servantis Systems in February prompted a change in CheckFree's financial reporting calendar from a calendar year to a fiscal year ended June 30. In addition, CheckFree subsequently acquired Interactive Solutions Corporation, Portland, Oregon, and Security APL, Inc., Chicago. The Company expects to report audited financials for the six month stub period ended June 30, 1996, by mid-August. "We have combined four companies since the beginning to the year," said Pete Kight, Chairman and CEO of CheckFree, "through the acquisitions and the conversion of our reporting year, Mr. Bowers has been an important part of the business integration process. Now that the bulk of that integration is complete, he has decided that after 12 years at the former Servantis, he will pursue other interests. A search is already under way for a new Chief Financial Officer and we look forward to enhancing our management team with the selection" The company expects that the CFO search will be concluded in 30 to 60 days. Founded in 1981, CheckFree Corporation is the leading provider of electronic commerce services, software and related products for over 500,000 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 make secure purchases on the Internet. ####