SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report:
November 10, 2003
DST SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-14036 43-1581814
(State or other jurisdiction (Commission file number) (IRS Employer
of incorporation) Identification Number)
333 West 11th Street, Kansas City, Missouri 64105
(Address of Principal Executive Office) (Zip Code)
(816) 435-1000
Registrant's telephone number, including area code:
Not Applicable
(Former name or former address if changed since last report)
Item 11. TEMPORARY SUSPENSION OF TRADING UNDER REGISTRANT'S EMPLOYEE BENEFIT
PLANS
On November 10, 2003, DST Systems, Inc. (the "Company") provided a notice to its
directors and officers pursuant to Rule 104(b)(2) of Regulation BTR with respect
to the transition and blackout periods under the DST Systems, Inc. 401(k) Profit
Sharing Plan and the DST Systems of California, Inc. 401(k) Retirement Plan. The
notice is attached hereto as Exhibit 99 and is incorporated herein by reference.
The Company received notice required by section 101(i)(2)(E) of the Employment
Retirement Income Security Act of 1974 on November 3, 2003.
SIGNATURE
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.
DST SYSTEMS, INC.
Date: November 18, 2003 By: /s/ Randall D. Young
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Randall D. Young
Vice President, General Counsel, and
Secretary
EXHIBIT INDEX
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Exhibit No. Description
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99 Important Notice of DST Stock Trading Blackout Period, dated
November 10, 2003
IMPORTANT NOTICE OF DST STOCK TRADING BLACKOUT PERIOD
TO: Section 16 (b) Reporting Persons of DST Systems, Inc. ("DST")
FROM: Randall D. Young, General Counsel
RE: Prohibition on Trading in DST Securities During a Blackout Period
DATE: November 10, 2003
==================================
o This notice is to advise you that there will be a blackout period under the
two DST 401(k) plans, during which there will be a trading blackout
prohibiting you from effecting certain transactions in DST Securities.
o During the blackout period, the ability of the 401(k) plans to trade in DST
stock will be suspended in order to allow reconciliation of accounts in
connection with (1) the transfer of assets from the DST Systems of
California, Inc. 401(k) Retirement Plan into the DST Systems, Inc. 401(k)
Profit Sharing Plan as part of a merger of those plans, and (2) the change
in recordkeeper for the DST Systems, Inc. 401(k) Profit Sharing Plan from
UMB Bank to Marshall & Ilsley Trust Company. As required by the U.S.
Department of Labor, on November 3, 2003, we sent affected parties notice
of the 401(k) blackout periods.
o THE TRADING BLACKOUT PERIOD WILL BEGIN ON DECEMBER 26, 2003 AND IS EXPECTED
TO END ON JANUARY 23, 2004. While we expect a smooth transition, you will
be notified if an extension of the blackout period is needed.
o Because you are a Section 16(b) Reporting Person, during the trading
blackout period, you may not purchase, sell or otherwise acquire or
transfer any equity securities of DST or derivative securities of DST
equity securities (collectively, "DST Securities"), unless a specific
exemption applies.
o By way of example, during the trading blackout period, you may not
1. Engage in open market or private transactions in DST Securities
(the next page contains more information on the prohibition
against dispositions of DST Securities).
2. Exercise DST stock options.
3. Direct the transfer of funds in your 401(k) plan account into or
out of the DST stock fund.
4. Allow DST Securities to be used to satisfy tax withholding
obligations.
o However, you may,
1. Purchase or sell DST Securities pursuant to a pre-existing
trading arrangement that satisfies the conditions of Rule
10b5-1(c).
2. Purchase DST Securities under either of the 401(k) plans in the
normal course of on-going employee deferrals pursuant to
directions you made prior to the trading blackout period.
3. Purchase DST Securities in the ordinary course under the DST
Systems, Inc. Employee Stock Purchase Plan.
4. Acquire or dispose of DST Securities through a bona fide gift or
a transfer by will or the laws of descent and distribution. TO
AVOID ANY DOUBT ABOUT QUALIFYING FOR THIS EXCEPTION, ALL GIFTS OF
DST SECURITIES TO CHARITABLE TRUSTS AND FOUNDATIONS SHOULD BE
MADE PRIOR TO DECEMBER 26, 2003.
o The prohibition on dispositions of DST Securities only applies to DST
Securities acquired in connection with your service as a director or
employee of DST. However, there is a rebuttable presumption that ANY DST
Securities sold during the trading blackout period were acquired in
connection with your service for DST. This presumption may only be rebutted
if you can demonstrate that you acquired them prior to your service with
DST in a transaction unrelated to your service with DST.
o If you engage in a transaction in DST Securities in violation of these
restrictions, regardless of your intent, DST (or a DST shareholder acting
on behalf of DST) may bring an action to recover any profits you realized
as a result of the transaction. In addition, the Securities Exchange
Commission may bring an action seeking to prevent a violation of the
restrictions from taking place or to impose penalties or any other
available remedies.
o You may contact Randall D. Young, General Counsel, by telephone at
816.435.8651 with any questions that you may have concerning the trading
blackout period or the trading restrictions. ANY TRANSACTION BY YOU OR YOUR
FAMILY MEMBERS INVOLVING DST SECURITIES (INCLUDING CHARITABLE GIFTS)
BETWEEN THE DATE OF THIS NOTICE AND THE END OF THE TRADING BLACKOUT PERIOD
MUST BE PRE-APPROVED BY MR. YOUNG.