-----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, TGDXayU8xRPBGJSVLGtK1RDI52ys53lRWeZ3FoCKtfwEb1m6VsA2Hp+SQT3TyBOi iSyszvalQEzE2Y0mbone9w== 0000931763-03-001857.txt : 20030609 0000931763-03-001857.hdr.sgml : 20030609 20030609101220 ACCESSION NUMBER: 0000931763-03-001857 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030605 ITEM INFORMATION: Other events FILED AS OF DATE: 20030609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMPUTER PROGRAMS & SYSTEMS INC CENTRAL INDEX KEY: 0001169445 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 743032373 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49796 FILM NUMBER: 03736748 BUSINESS ADDRESS: STREET 1: 6600 WALL STREET CITY: MOBILE STATE: AL ZIP: 36695 BUSINESS PHONE: 2516398100 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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):

June 5, 2003

 

 

COMPUTER PROGRAMS AND SYSTEMS, INC.

(Exact Name of Registrant as Specified in Charter)

 

Delaware

  

000-49796

  

74-3032373

(State or Other Jurisdiction of Incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

6600 Wall Street, Mobile, Alabama

  

36695

(Address of Principal Executive Offices)

  

(Zip Code)

 

(251) 639-8100

(Registrant’s telephone number, including area code)

 

N/A

(Former Name or Former Address, if Changed Since Last Report)

 

 

 

ITEM 5. OTHER EVENTS

 

Rule 10b5-1 Trading Plan

 

On June 5, 2003, M. Kenny Muscat, a director of Computer Programs and Systems, Inc. (“CPSI”), entered into a written trading plan (the “Plan”) relating to future sales of a part of his shares of CPSI common stock. The Plan is intended to comply with Rule 10b5-1 promulgated by the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended. Mr. Muscat entered into the Plan in order to diversify his financial holdings. The Plan will also enable him to sell shares over a period of time without significantly affecting the market for CPSI common stock. Under the Plan, Mr. Muscat will have no control over the timing of any sales of his CPSI common stock.

 

The Plan will expire on December 31, 2003. Prior to expiration of the Plan, the selected broker is authorized to sell up to an aggregate of 150,000 shares of Mr. Muscat’s CPSI common stock at such times as the broker, in its sole discretion, may select, but only when the per share price of CPSI common stock is equal to or greater than certain minimum prices established by Mr. Muscat. According to the Plan, the broker may execute sales in the following amounts at the following minimum prices: (i) 50,000 shares when the per share price is equal to or greater than $22.00; (ii) 50,000 shares when the per share price is equal to or greater than $22.50; and (iii) 50,000 shares when the per share price is equal to or greater than $23.00.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

       

COMPUTER PROGRAMS AND

SYSTEMS, INC.

Date: June 9, 2003

      

By:

  

/s/    David A. Dye        

               

David A. Dye

President and Chief Executive Officer

 

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