-----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, JafbBXD0KEcabXAMB7YODpal2sJkvpyaqGOX1hijINgsNREmiyAst+qOb8zTQcj2 YNv8DdCdUatljgMc42LCFQ== /in/edgar/work/20000705/0000018349-00-000025/0000018349-00-000025.txt : 20000920 0000018349-00-000025.hdr.sgml : 20000920 ACCESSION NUMBER: 0000018349-00-000025 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000705 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SYNOVUS FINANCIAL CORP CENTRAL INDEX KEY: 0000018349 STANDARD INDUSTRIAL CLASSIFICATION: [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: 667703 BUSINESS ADDRESS: STREET 1: 901 FRONT AVENUE STREET 2: STE 301 CITY: COLUMBUS STATE: GA ZIP: 31901 BUSINESS PHONE: 7066492267 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 0001.txt 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 July 5, 2000 ---------------------------- (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 July 5, 2000, Total System Services, Inc. ("TSYS"), an 80.8 percent owned subsidiary of Synovus Financial Corp. ("Registrant"), announced that it expects its 2000 net income to exceed its 1999 net income by 25% and expects its earnings per share to be $.44. A copy of TSYS' press release regarding the announcement referenced above is attached hereto as Exhibit 99.1 and by this reference is hereby incorporated by reference into this Form 8-K and made a part hereof. Intem 7. Financial Statements. Pro Forma Financial Information and Exhibits. - -------- ------------------------------------------------------------------- (a) Financial Statements - None. (b) Pro Forma Financial Information - None. (c) Exhibits 99.1 - TSYS' press release, July 5, 2000. 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: July 5, 2000 By:/s/Kathleen Moates ------------- ------------------------------------ Kathleen Moates Senior Deputy General Counsel 3 EX-99.1 2 0002.txt PRESS RELEASE [GRAPHIC OMITTED][GRAPHIC OMITTED] For Immediate Release Contact: James B. Lipham Patrick A. Reynolds Chief Financial Officer Director of Investor Relations (706) 649-2262 (706) 649-5220 TSYS(R) Net Income Expected to Increase by 25% for 2000 Current Consensus Estimate Reflects 20% Increase Columbus, Ga., July 5, 2000 -- Total System Services, Inc.(R)(TSYS(R)) (NYSE: "TSS") today announced that it expects its 2000 net income to exceed its 1999 net income by 25%, outperforming its previous forecast and the current analysts consensus estimate of a 20% increase in 2000 over 1999. Earnings per share is expected to be $.44, outpacing the current analysts consensus estimate of $.42. Chairman and CEO Richard W. Ussery said, "We are excited about our new higher earnings projections for 2000. Our strong net income increase is a direct result of the better than expected internal growth rate of our client base, expanded product offerings and the commitment of our team members to focus on expense controls. We anticipate that 2000 will be another record year." With more than 180 million accounts on file, TSYS facilitates the electronic payment link between buyers and sellers for more than 250 million consumers. TSYS and its family of companies offer a full range of turnkey cardholder processing services, from credit application to collections, allowing our clients to focus on building their brands and managing their portfolios. Based in Columbus, Ga., TSYS (www.totalsystem.com) is an 80.8-percent-owned subsidiary of Synovus Financial Corp. (NYSE: "SNV") (www.synovus.com). This press release contains statements that constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this press release include the intent, belief or current expectations of TSYS and members of its senior management team with respect to the percentage increases in earnings of TSYS expected for the year 2000, as well as the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release include, but are not limited to, lower than anticipated internal growth rates for TSYS' existing -- more -- TSYS(R) Expects to Exceed Current Earnings Estimate/Page 2 customers, TSYS' inability to control expenses associated with the growth in its number of employees, adverse developments with respect to new product offerings, the inability of TSYS to grow its business through acquisitions, adverse developments with respect to entering into contracts with new clients and retaining current clients, adverse developments with respect to the successful conversion of clients, adverse developments with respect to the credit card industry in general and overall market conditions. Additional factors that could cause actual results to differ materially from those contemplated in this press release can be found in TSYS' filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. ### -----END PRIVACY-ENHANCED MESSAGE-----