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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 8, 2007
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.)
705 Westech Drive, Norcross, Georgia 30092
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (404) 923-3500
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)) Rule 425, Rule 14a-12 and Instruction 2
to Rule 14d-2(b)(2)
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On August 9, 2007, S1 Corporation ("S1") issued a press release
announcing its results of operations for the second quarter ended June 30, 2007.
That press release is furnished as Exhibit 99.1 to this report. Also on August
9, 2007 at 8:30 a.m. ET, S1 will hold a conference call during which S1 will
discuss its second quarter results. A webcast of the call will be available
through S1's website, www.s1.com. A replay of the conference call will be
available through August 23, 2007 on S1's website.
ITEM 8.01. OTHER EVENTS.
In the press release furnished as Exhibit 99.1 to this report, S1
announced that its Board of Directors had approved a $20 million increase to its
stock repurchase program, bringing the total authorization to $50 million, under
which S1 may repurchase shares of its common stock from time to time in open
market and privately negotiated transactions as market and business conditions
warrant.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. Description
- ----------- ---------------------------------------------------
99.1 Press release dated August 9, 2007.
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/ John Stone
-------------------------
Chief Financial Officer
Date: August 9, 2007
EXHIBIT INDEX
Exhibit No. Description
- ----------- ---------------------------------------------------
99.1 Press release dated August 9, 2007.