1 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: MAY 24, 1999 ---------------------------- CHECKFREE HOLDINGS CORPORATION (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) ---------------------------- Delaware 0-26802 58-2360335 ---------------- --------------------- ----------------------- (STATE OR OTHER (COMMISSION FILE NO.) (IRS EMPLOYER JURISDICTION OF IDENTIFICATION NUMBER) INCORPORATION OR ORGANIZATION) ---------------------------- 4411 East Jones Bridge Road Norcross, Georgia 30092 (678) 375-3387 (ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER INCLUDING AREA CODE OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES) ---------------------------- Not Applicable (FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)

2 ITEM 5. OTHER EVENTS On May 24, 1999, CheckFree Holdings Corporation, a Delaware corporation ("CheckFree"), and Intuit Inc. ("Intuit") announced that they have reached an amicable resolution of the issues that led to Intuit's lawsuit filed in March 1999 and the subsequent arbitration proceedings. The specific terms of the settlement were not disclosed. CheckFree's press release issued May 24, 1999 regarding the Settlement Agreement is attached as an exhibit to this report and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits Exhibit No. Description 99 Press release of CheckFree Holdings Corporation issued May 24, 1999, regarding the Settlement Agreement. 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. CHECKFREE HOLDINGS CORPORATION Date: May 24, 1999 By: /s/ Allen L. Shulman ------------------------------------------- Allen L. Shulman, Executive Vice President, Chief Financial Officer and General Counsel

3 EXHIBIT INDEX Exhibit No. Description 99 Press release of CheckFree Holdings Corporation issued May 24, 1999, regarding the Settlement Agreement.

1 Exhibit 99 CheckFree Media Relations: Intuit Media Relations: Laurinda Wilson Holly Anderson (678) 375-1608 (650) 596-2207 lwilson@checkfree.com holly@thomaspr.com CheckFree Investor Relations: Intuit Investor Relations: Terrie O'Hanlon Linda Fellows (678) 375-1452 (650) 944-5436 tohanlon@checkfree.com linda_fellows@intuit.com CHECKFREE AND INTUIT REACH SETTLEMENT ATLANTA (May 24, 1999) - CheckFree Holdings Corporation (NASDAQ:CKFR) and Intuit Inc. (NASDAQ:INTU) today announced they have amicably resolved the issues that had led to the filing of a lawsuit last March, and to subsequent arbitration. Other than noting that neither party makes any payment for the settlement, the specific terms of the agreement were not disclosed. In commenting on the resolution, Pete Kight, Chairman and CEO of CheckFree said, "We have enjoyed a long and close relationship with Intuit, but we had an honest disagreement about how to apply our contract in a rapidly-changing environment. I'm very pleased that we were able to find a solution that allows our two companies to match our collective and respective strengths to address the full spectrum of the market's approach to electronic billing and payment." Bill Harris, President and CEO of Intuit said, "We are pleased to be back on track in our relationship with CheckFree in a manner that benefits both companies. We look forward to our continued relationship and renewed dedication to meeting customer needs." ABOUT INTUIT Intuit Inc. (NASDAQ: INTU), a financial software and Web-based services company, develops and markets Quicken, the leading personal finance software; TurboTax, the best-selling tax preparation software; and QuickBooks, the most popular small business accounting software. Intuit's Quicken.com Web site (www.quicken.com) is a leading financial Web site, offering a comprehensive set of financial news, information and tools, including insurance, mortgage, investment and tax preparation services. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses. -more-

2 ABOUT CHECKFREE Founded in 1981, CheckFree (www.checkfree.com), the operating subsidiary of CheckFree Holdings Corporation, is the leading provider of financial electronic commerce services, software and related products. CheckFree designs, develops and markets services that enable nearly three million consumers to receive and pay bills over the Internet or electronically through a variety of bill aggregation points, including banks, brokerage firms, portals and interactive content sites on the Internet, and personal financial management (PFM) software. CheckFree's range of services and products are focused on enabling customers to make electronic payments and collections, automate paper-based recurring financial transactions and conduct secure Internet transactions. After more than a year of beta testing, CheckFree launched the nation's first fully integrated electronic billing and payment solution, CheckFree E-Bill, in March of 1997. Today, the Company has multi-year contracts with nearly 50 of the nation's top billers to provide online billing and payment through the CheckFree distribution network. # # #