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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): September 17, 1998
ACXIOM CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-13163 71-0581897
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
301 Industrial Boulevard, Conway, Arkansas 72033-2000
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (501) 336-1000
Former name or former address, if changed since last report; No change
ITEM 5. OTHER EVENTS.
At an annual meeting of stockholders (the "Annual Meeting") of Acxiom
Corporation (the "Company"), held on September 17, 1998, the stockholders
of the Company approved the acquisition of May & Speh, Inc. ("May & Speh")
pursuant to a merger of a wholly owned subsidiary of the Company with and
into May & Speh (the "Merger"). The Merger became effective on September
17, 1998. As a result of the Merger, the holders of the outstanding shares
of May & Speh's common stock, $.01 par value (the "May & Speh Common
Stock"), will receive 0.8 of a share of common stock, $.10 par value, of
the Company for each share of May & Speh Common Stock held.
The Company incorporates by reference into the Current Report on Form
8-K the additional information about the Merger set forth in the joint
press release of the Company and May & Speh, dated September 17, 1998, a
copy of which is attached hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits
99.1 Joint Press Release of the Company and May & Speh dated
September 17, 1998 (announcing consummation of Merger).
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.
ACXIOM CORPORATION
By: /s/ Catherine L. Hughes
_________________________________
Name: Catherine L. Hughes
Title: Secretary and
General Counsel
Date: September 18, 1998
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99.1 Joint Press Release of the Company and May & Speh
dated September 17, 1998 (announcing consummation
of Merger).
Exhibit 99.1
Acxiom Corporation May & Speh, Inc.
301 Industrial Blvd. 1501 Opus Place
P.O. Box 2000 Downers Grove, IL 60515-5713
Conway, AR 72233-2000
For more information, contact: For more information, contact:
Robert S. Bloom Eric Loughmiller
Company Finance Leader Chief Financial Officer
(501) 336-1321 (630) 719-0432
ACXIOM(R) CORPORATION AND MAY & SPEH, INC.
COMPLETE MERGER
CONWAY, AR AND DONWERS GROVE, IL, SEPTEMBER 17, 1998
Acxiom(R) Corporation (Nasdaq: ACXM) and May & Speh, Inc.
(Nasdaq
SPEH) today jointly announced completion of their merger. As a
result of the merger, which became effective today following approval by
the stockholders of each company, May & Speh will become a wholly-owned
subsidiary of Acxiom. Stockholders of May & Speh will receive .8 of a
share of Acxiom common stock for each share of May & Speh common stock
held.
May & Speh stockholders will be sent information explaining the
procedures to be followed for exchanging their shares for shares of Acxiom
common stock they are entitled to receive as a result of the merger. Also
in connection with the merger, Acxiom has announced that it will be a co-
obligor of the May & Speh 51/4% Senior Subordinated Notes due 2003.
Charles D. Morgan, Chairman and Company Leader of Acxiom,
commented, "The new company's joint resources are a very powerful
combination. Our product and services offerings will be significantly
enhanced when we marry Acxiom's data with May and Speh's analytical
capability and the combined know-how of our two companies. We are very
excited about the cost-saving and significant growth opportunities that the
merger of the two companies will create."
An organizational alignment plan has been developed and approved
and will be phased in over the next several months. The new alignment,
which will be effective and fully in place by April 1, 1999, will represent
five Acxiom Divisions: International (headquartered in London) and
Outsourcing (headquartered in Chicago), as well as Financial, Data
Products, and Services (headquartered in Conway). The objective is to
create maximum focus and synergy on the vertical industries, outsourcing
opportunities and international development of the combined company.
Acxiom provides a wide spectrum of data products, data
integration services, and mailing list services, as well as data
warehousing and decision support services to major U.S. and international
firms. Founded in 1969, Acxiom is headquartered in Conway, Arkansas, with
operations throughout the United States and in the United Kingdom and
France.
Founded in 1947, May & Speh is a leading provider of technology-
based information management services with a focus on direct marketing
services and information technology (IT) outsourcing services. The
company's database marketing solutions help companies execute more
profitable direct marketing and customer management programs. Services
include strategic analysis and management; systems consulting; data
warehouse design and management; modeling and analysis; and list
processing. For companies looking to outsource all or part of their
information systems operations, May & Speh provides IT services to support
mainframe and mid-range (client/server) processing and network management.