UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) August 5, 2003
(Exact name of registrant as specified in its charter)
DST Systems, Inc.
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
Delaware 1-14036 43-1581814
333 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (816) 435-1000
Not Applicable
(Former name or former address, if changed since last report.)
FORM 8-K
DST SYSTEMS, INC.
ITEM 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
Exhibit No. Description of Document
99.1 News Release dated August 5, 2003
ITEM 9 REGULATION FD DISCLOSURE
See attached to this Form 8-K a News Release dated August 5, 2003 concerning the
announcement by DST Systems, Inc. of further information about its discussions
with Janus Capital Group Inc. regarding a proposed share exchange transaction.
The information in this Current Report on Form 8-K, including the exhibit, is
required by Item 12 of Form 8-K, shall not be deemed "filed" for the purposes of
or otherwise subject to the liabilities under Section 18 of the Securities
Exchange Act of 1934, and shall not be deemed to be incorporated by reference
into the filings of the registrant under the Securities Act of 1933.
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.
DST Systems, Inc.
/s/ Gregg Wm. Givens
Vice President and Chief Accounting Officer
Date: August 6, 2003
DST SYSTEMS, INC. ANNOUNCES INFORMATION ABOUT DISCUSSIONS
WITH JANUS CAPITAL GROUP, INC.
KANSAS CITY, MO (August 5, 2003) - DST Systems, Inc. ("DST" or the "Company")
(NYSE: DST) today announced further information about its discussions with Janus
Capital Group Inc. ("Janus"), regarding a proposed share exchange transaction.
Under this proposed transaction, Janus would transfer to DST approximately 31.5
million shares of DST common stock held by Janus, and DST would transfer to
Janus shares of common stock of one of DST's subsidiaries holding certain
business and additional assets. The additional assets would include a
combination of cash and subordinated notes of DST with an aggregate value of
approximately $830 million to approximately $990 million. The amount of cash
would not exceed $895 million and the amount of the subordinated notes, if any,
would not exceed $150 million. The aggregate value of the exchange is expected
to range from approximately $950 million to $1.1 billion. DST and Janus have not
entered into a definitive agreement at this time, and there can be no assurance
that DST and Janus will enter into a definitive agreement regarding this
transaction.
* * * *
The information and comments above may include forward-looking statements
respecting DST and its businesses. Such information and comments are based on
DST's views as of today, and actual results could differ. There could be a
number of factors affecting future results, including those set forth in Form
8-K/A dated March 17, 2003 filed by DST with the Securities and Exchange
Commission. All such factors should be considered in evaluating any
forward-looking comment. The Company will not update any forward-looking
statements in this press release to reflect future events.