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):  July 8, 2004

 

PRECIS, INC.

(Name of business issuer in its Charter)

 

OKLAHOMA

 

001-15667

 

73-1494382

(State or other jurisdiction of
incorporation or organization)

 

(Commission File
Number)

 

(I.R.S. Employer
Identification No.)

 

 

 

 

 

2040 North Highway 360
Grand Prairie, Texas 75050

(Address of principal executive offices)

 

 

 

 

 

(972) 522-2000

(Issuer’s telephone number)

 

 

 

Item 5.    Other Events and Regulation FD Disclosure.

 

On July 8, 2004, the Board of Directors of Precis, Inc. (the “Company”) authorized the repurchase by the Company of up to 500,000 shares of its common stock through open market or private transactions over the next one-year period depending on prevailing market conditions.  This is the only stock repurchase currently authorized and represents approximately 4.2% of the company’s total outstanding shares, at its maximum.  A copy of the Company’s July 8, 2004 press release announcing the repurchase program is attached as Exhibit 99.1

 

Item 7.    Financial Statements and Exhibits

 

Exhibit 99.1            Press Release issued by Precis dated July 8, 2004.

 

 

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.

 

 

 

PRECIS, INC.,

 

 

an Oklahoma corporation

 

 

 

 

 

 

Date: July 8, 2004

 

/s/ Judith H. Henkels

 

 

Judith H. Henkels

 

 

Chairman of the Board of Directors;

 

 

President and Chief Executive Officer

 

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