1
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): August 10, 2001
S1 CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 000-24931 58-2395199
---------------------------- ------------- -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3390 PEACHTREE ROAD, NE, SUITE 1700, ATLANTA, GEORGIA 30326
-----------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (404) 812-6200
--------------
NOT APPLICABLE
-------------------------------------------------------------
(Former name or former address, if changed since last report)
2
ITEM 5. OTHER EVENTS.
In response to the SEC's adoption of Rule 10b5-1 under the Securities Exchange
Act of 1934, as amended, the Board of Directors of S1 Corporation (the
"Registrant") approved amendments to the Registrant's insider trading policy on
November 15, 2000 to permit its officers, directors and other insiders to enter
into trading plans or arrangements for systematic trading in the Registrant's
securities. The Registrant has been advised that certain officers of the
Registrant have entered into trading plans for selling shares in the
Registrant's securities.
James S. Mahan, III, Chairman of the Board of Directors of the Registrant has
entered into a trading plan under which he will sell 2,380 shares per day of the
Registrant's common stock over the next twelve months, beginning on August 24,
2001, on the open market at prevailing market prices.
In addition to Mr. Mahan's plan, Jeffrey Lunsford, President of the Americas
Region has entered into a trading plan.
The Registrant anticipates that, as permitted by Rule 10b5-1 and the
Registrant's insider trading policy, some or all of its officers, directors and
other insiders may establish trading plans in the future.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not Applicable.
(b) Not Applicable.
(c) Not Applicable
3
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.
S1 CORPORATION
(Registrant)
/s/ Richard P. Dobb
------------------------------------
Richard P. Dobb
Vice President, General Counsel and
Secretary
Date: August 23, 2001