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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) February 9, 1999
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QUALITY SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
California 0-13801 95-2888568
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(State or other (Commission File Number) (I.R.S. Employer
jurisdiction Identification No.)
of incorporation)
17822 East 17th Street, Suite 210, Tustin, California 92780
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (714) 731-7171
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events.
On February 12, 1997, the Board of Directors of Quality Systems, Inc.
(the "Company") authorized the repurchase on the open market of up to ten
percent of its outstanding common stock at various times through February
12, 1998, subject to compliance with applicable laws and regulations (the
"Stock Repurchase"). The timing and amount of any repurchase was at the
discretion of the Company's management. On February 9, 1998, the Company's
Board of Directors authorized an extension of the Stock Repurchase through
February 9, 1999. From February 12, 1997 through February 8, 1999, the
Company had repurchased 92,500 shares. On February 9, 1999, the Company's
Board of Directors authorized an extension of the Stock Repurchase through
February 28, 2000.
The statements above about the potential repurchase of shares of the
Company's Common Stock are forward-looking statements and actual results
could differ materially from those anticipated as a result of various factors.
The Company's management could, in the exercise of its judgement, decide not
to effect any additional repurchases, or to repurchase fewer shares than
authorized. There is no assurance that any repurchase will have a positive
market impact.
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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.
QUALITY SYSTEMS, INC.
/s/ Robert G. McGraw
February 10, 1999 By: ---------------------------
Robert G. McGraw
Chief Financial Officer