-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NlsrRTOr9xDdetq8YAPnMiBvdjJ1630CFlouWxQiAJlU+lZ0PU5hFvQozs2hjvJK g1fpiNOJvhUmSGccPfEVuQ== 0000100517-96-000014.txt : 19960320 0000100517-96-000014.hdr.sgml : 19960320 ACCESSION NUMBER: 0000100517-96-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960319 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960319 SROS: CSE SROS: NYSE SROS: PSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UAL CORP /DE/ CENTRAL INDEX KEY: 0000100517 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 362675207 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-06033 FILM NUMBER: 96536070 BUSINESS ADDRESS: STREET 1: 1200 ALGONQUIN ROAD CITY: ELK GROVE TOWNSHIP STATE: IL ZIP: 60007 BUSINESS PHONE: 8479524000 MAIL ADDRESS: STREET 1: 1200 ALGONQUIN ROAD CITY: ELK GROVE TOWNSHIP STATE: IL ZIP: 60007 FORMER COMPANY: FORMER CONFORMED NAME: ALLEGIS CORP DATE OF NAME CHANGE: 19880613 FORMER COMPANY: FORMER CONFORMED NAME: UAL INC DATE OF NAME CHANGE: 19870517 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: March 19, 1996 ------------------------------- (Date of earliest event reported) UAL CORPORATION --------------- (Exact name of registrant as specified in its charter) Delaware 1-6033 36-2675207 -------- ------ ---------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 1200 Algonquin Road, Elk Grove Township, Illinois 60007 - ------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (847) 952-4000 -------------- Not Applicable -------------- (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS. ------------- UAL Corporation (the "Company") is filing herewith a press release dated March 19, 1996 as Exhibit 99.1 which is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. ---------------------------------- Exhibit No. Description - ----------- ----------- 99.1 Press Release 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. UAL CORPORATION By: /s/ Douglas A. Hacker ---------------------- Name: Douglas A. Hacker Title: Senior Vice President - Finance Dated: March 19, 1996 EXHIBIT INDEX Exhibit Number Description - ------- ----------- 99.1 Press Release EX-99.1 2 Exhibit 99.1 Corporate Communications Contacts Connie Huff (847) 952-5501 Joe Hopkins (847) 952-5770 Tony Molinaro (847) 952-4971 Night (847) 952-4088 Investor Relations Contact: Mark Reiser (847) 952-7501 UAL CORPORATION TO REDEEM 6 3/8% CONVERTIBLE SUBORDINATED DEBENTURES; DISCUSSES HIGHER FIRST QUARTER EXPECTATIONS CHICAGO, March 19, 1996 -- UAL Corporation, the parent company whose primary subsidiary is United Airlines, today announced that it is issuing a redemption notice for its 6 3/8% convertible subordinated debentures with a redemption date of May 1, 1996. Debenture holders will receive $1,043.75, plus accrued interest of $15.9375, in cash for every $1,000 in principal amount of debentures redeemed. Alternatively, holders may convert their debentures on or before 5:00 p.m. April 30, 1996 (EST) and receive $541.90 in cash and approximately 3.192 shares of UAL common stock (with cash in lieu of fractional shares) for every $1,000 principal amount of debentures. The Bank of New York, whose address is 101 Barclay Street, New York, NY 10286, is the redemption and conversion agent. The redemption or conversion of the debentures will reduce UAL's gross interest expense by $38 million annually. If all debentures are converted prior to the May 1 redemption date, first quarter gross interest expense will be reduced by $6 million. Separately, UAL noted first quarter traffic and yields are expected to be stronger than originally estimated. Costs also will be slightly higher due to increasing fuel prices and costs associated with additional revenues. As a result, UAL expects its first quarter earnings will exceed the highest analyst's estimate reported to First Call of $2.05 per fully distributed share. The information set forth in the preceding paragraph is forward looking and actual results could differ materially from expected results. Factors that could significantly impact expected traffic, yields, revenue and costs include the airline pricing environment, the general economic environment, world oil prices and other factors discussed in company filings with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----