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UNITED STATES
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): JANUARY 6, 2005
CASH SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-18317 87-0398535
(Commission File Number) (IRS Employer
Identification No.)
3201 WEST COUNTY ROAD 42, SUITE 106
BURNSVILLE, MINNESOTA 55306
(Address of Principal Executive Offices) (Zip Code)
(952) 895-8399
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS.
(b) On January 6, 2005, Craig Potts resigned from the Board of Directors of Cash
Systems, Inc. (the "Company").
(d) On January 6, 2005, the Board of Directors of the Company, acting pursuant
to authority granted by the Company's Bylaws, elected Michael D. Rumbolz as a
director. Mr. Rumbolz was then appointed Chairman of the Board. Mr. Rumbolz was
not appointed to serve on any committee of the Board at this time.
The newly elected director and Chairman was not named as director or
Chairman pursuant to any arrangement or understanding with any third person.
There is not currently, nor has there been in the past, any transaction with the
Company or any of its subsidiaries or affiliates in which Mr. Rumbolz has or had
a direct or an indirect material interest.
The full text of the press release announcing the election of Chairman
is set forth in Exhibit 99.1 attached hereto and is incorporated in this Current
Report as if fully set forth herein.
ITEM 8.01. OTHER EVENTS
On January 10, 2005, the Company issued a press release announcing that
the Board of Directors authorized a 1,000,000 share stock buyback program as
part of the Company's overall strategy to prudently allocate resources to
enhance shareholder value.
The full text of the press release is set forth in Exhibit 99.1
attached hereto and is incorporated in this Current Report as if fully set forth
herein.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial statements: None.
(b) Pro forma financial information: None.
(c) Exhibits:
99.1 Press Release dated January 10, 2005
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
Dated: January 11, 2005 CASH SYSTEMS, INC.
By /s/ David S. Clifford
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David S. Clifford
Chief Financial Officer
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
EXHIBIT INDEX
TO
FORM 8-K
CASH SYSTEMS, INC.
Date of Report: Commission File No.:
January 6, 2005 0-18317
EXHIBIT NO. ITEM
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99.1 Press Release dated January 10, 2005