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DST > SEC Filings for DST > Form 8-K on 1-Apr-2009All Recent SEC Filings

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Form 8-K for DST SYSTEMS INC


1-Apr-2009

Termination of a Material Definitive Agreement, Other Events, Financial Statement


ITEM 1.02. Termination of a Material Definitive Agreement.

As described in Item 8.01 of the Form 8-K filed by DST Systems, Inc. (the "Company") dated February 26, 2009, the Company entered into a definitive agreement under which the Company agreed to purchase the remaining 50% interest in Argus Health Systems, Inc. ("Argus"). The transaction closed on March 31, 2009, and Argus is now a wholly-owned subsidiary of the Company. The Stock Transfer Restriction and Option Agreement, which was entered into on June 30, 1989 between Financial Holding Corporation, Argus, and the Company (the "Stock Agreement"), was automatically terminated upon the closing of the transaction. The Stock Agreement provided certain rights and restrictions with respect to the common stock of Argus to the parties as the holders thereof, including restrictions on transfer, rights of first refusal and put and call options.



ITEM 8.01 Other Events

See attached as Exhibit 99.1 to this Form 8-K a News Release dated March 31, 2009 concerning the completion of the Company's acquisition of the remaining 50% interest in Argus.



ITEM 9.01 Financial Statements and Exhibits

(d). Exhibits.

Exhibit
Number            Description

99.1              News Release dated March 31, 2009

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