UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 13, 2006
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DST SYSTEMS, INC.
(Exact Name of registrant as specified in its charter)
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Delaware
(State or other jurisdiction of incorporation)
1-14036 43-1581814
(Commission File Number) (IRS Employer Identification No.)
333 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
(816) 435-1000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report).
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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 (see General Instruction A.2.):
[ ] 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 8.01 Other Events
Receipt of dividend from Asurion Corporation
On July 13, 2006, DST received a $254 million cash dividend from Asurion
Corporation, which is 37.4% owned by DST. The payment was part of a
debt-financed distribution made by Asurion to all of its shareholders. Asurion
also made dividend-equivalent bonus payments to its stock option holders, and
the compensation expense allocable to DST's interest in Asurion is estimated to
reduce DST's net income by approximately $8.0 million in the third quarter of
2006. Under the equity method of accounting, the dividend will not be treated as
income to DST, and the carrying value of DST's investment in Asurion will be
reduced by the amount of the dividend.
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.
DST SYSTEMS, INC.
Date: July 14, 2006 By: /s/ Randall D. Young
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Name: Randall D. Young
Title: Vice President and General Counsel