-----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, TAidI+HP7/I+krxMHgAUNYCBc0VQ6uWtJAOqo0i+xcCkTMY5VjdG+m1nCkmtFj89 aTC7rvYhn+oB3oG10TVWYQ== 0000927796-02-000166.txt : 20020802 0000927796-02-000166.hdr.sgml : 20020802 20020802113345 ACCESSION NUMBER: 0000927796-02-000166 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020731 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DENDRITE INTERNATIONAL INC CENTRAL INDEX KEY: 0000880321 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 222786386 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16379 FILM NUMBER: 02717989 BUSINESS ADDRESS: STREET 1: 1200 MOUNT KEMBLE AVE CITY: MORRISTOWN STATE: NJ ZIP: 07960 BUSINESS PHONE: 2014251200 MAIL ADDRESS: STREET 1: 1200 MOUNT KEMBLE AVE CITY: MORRISTOWN STATE: NJ ZIP: 07960-6797 8-K 1 repurchase2002_form8-k.htm 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


Date of report (Date of earliest event reported) July 31, 2002

DENDRITE INTERNATIONAL, INC.

_________________

(Exact Name of Registrant as Specified in Charter)


New Jersey 0-26138 22-2786386
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

1200 Mount Kemble Avenue, Morristown, New Jersey 07960-6767
(Address of Principal Executive Offices) (Zip Code)

Registrant’s telphone number, including area code (973) 425-1200


INFORMATION TO BE INCLUDED IN THE REPORT

Item 5.  Other Events.

        Dendrite International, Inc. (the “Company”) announced on July 31, 2002 that its Board of Directors has authorized a stock repurchase program whereby the Company may purchase up to $20 million of its outstanding common stock over a two-year period. Such purchases may be conducted in open market transactions or in privately negotiated transactions from time to time. For information regarding the stock repurchase program, reference is made to the press release dated July 31, 2002 attached as Exhibit 99 to this Form 8-K.

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.


(c) Exhibits.

Exhibit No. Exhibit

99 Press release dated July 31, 2002 by Dendrite International, Inc. concerning its stock repurchase program


SIGNATURE

          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.






Dated:  August 2, 2002
DENDRITE INTERNATIONAL, INC.


By:  /s/  Luke M. Beshar
——————————————
Name: Luke M. Beshar
Title:   Senior Vice President and Chief
            Financial Officer


EXHIBIT INDEX


Exhibit No. Exhibit

99 Press release dated July 31, 2002 by Dendrite International, Inc. concerning its stock repurchase program

EX-99 3 repurchasepress73102.htm July 31, 2002 - Press Release re Stock Repurchase Program

FOR IMMEDIATE RELEASE

Dendrite Announces Stock Repurchase Program

Morristown, NJ, July 31, 2002 —Dendrite (NASDAQ: DRTE) today announced that its Board of Directors has authorized a stock repurchase program under which up to $20 million of its outstanding common stock may be repurchased over a two-year period. The company may repurchase shares on the open market or in privately negotiated transactions from time to time. Repurchases of stock will be at management’s discretion, depending upon price and availability. The repurchased shares will be held as treasury shares, which may be used to satisfy Dendrite’s current and near-term requirements under its equity incentive and other benefit plans and for other corporate purposes. Dendrite currently has approximately 40 million shares of common stock outstanding.

About Dendrite

Dendrite enables pharmaceutical companies to have more of their drugs prescribed for improved patient health through the strategic optimization of their sales and marketing channels and clinical resources. More than 80,000 pharmaceutical sales representatives and their managers from over 150 companies and 57 countries use Dendrite products and services. They represent 19 of the top 20 pharmaceutical companies. For more information, visit www.dendrite.com.

Investor Relations
Kathy Donovan
908-541-5863
investorrelations@dendrite.com


Note:  Dendrite is a registered trademark of Dendrite International, Inc.

The foregoing contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. The statements may be identified by such forward-looking terminology as “expect,” “believe,” “may,” “will,”  “intend,” “plan,” and similar statements or variations. Such forward-looking statements are based on our current estimates and assumptions and involve certain significant risks and uncertainties, including those which may result from our dependence on the pharmaceutical industry; fluctuations in quarterly revenues due to lengthy sales and implementation cycles for our products, our fixed expenses in relation to fluctuating revenues and variations in customers’ budget cycles; dependence on major customers; changes in demand for our products and services attributable to business and economic pressures on our major customers; successful and timely development and introduction of new products and versions; rapid technological changes; increased competition; international operations; acquisitions; events which may affect the U.S. and world economies; retention of key senior managers; our ability to manage our growth; the protection of our proprietary technology; unique characteristics of the consumer packaged goods industry; our ability to compete in the Internet-related products and services market; the continued demand for Internet-related products and services; the ability of our third party vendors to respond to technological change; our ability to maintain our relationships with third-party vendors; and catastrophic events which could negatively affect our information technology infrastructure. Other important factors that should be considered are included in the company’s 10-K, 10-Qs, and other reports filed with the SEC. Actual results may differ materially. The company assumes no obligation for updating any such forward-looking statements.


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