-----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, Pv4/6jNJZBH2dMxHbcl9czSpQrtueiZH6FDZpqAqCTM0S3Iyi2zr6uwqbM1pxy70 In8yVKSmdownb6XF/4n5Tg== 0000950128-97-000736.txt : 19970512 0000950128-97-000736.hdr.sgml : 19970512 ACCESSION NUMBER: 0000950128-97-000736 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970501 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970509 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTINGHOUSE ELECTRIC CORP CENTRAL INDEX KEY: 0000106413 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] IRS NUMBER: 250877540 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00977 FILM NUMBER: 97599188 BUSINESS ADDRESS: STREET 1: WESTINGHOUSE BLDG STREET 2: 11 STANWIX STREET CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4122442000 FORMER COMPANY: FORMER CONFORMED NAME: WESTINGHOUSE ELECTRIC & MANUFACTURING CO DATE OF NAME CHANGE: 19710510 8-K 1 WESTINGHOUSE ELECTRIC CORP. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549-1004 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): May 1, 1997 Commission file number 1-977 ----- WESTINGHOUSE ELECTRIC CORPORATION --------------------------------- (Exact name of registrant as specified in its charter) PENNSYLVANIA 25-0877540 ------------ ---------- (State or other jurisdiction (I.R.S. Employer of incorporation) Identification Number) Westinghouse Building, 11 Stanwix Street, Pittsburgh, Pennsylvania 15222-1384 ----------------------------------------------------------------------------- (Address of principal executive offices; zip code) (412) 244-2000 ------------------------------------------------- (Registrant's Telephone No., including area code) 2 Item 5. Other Events ------------ On May 1, 1997, the Registrant issued a press release announcing that Francis J. Harvey, Executive Vice-President and Chief Operating Officer of the Registrant's Industries and Technology Group will leave the company at the end of May. A copy of the press release is attached hereto as Exhibit 99 and is incorporated herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits Press Release issued by the Registrant on May 1, 1997, is filed as Exhibit 99 to this Report SIGNATURE 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. WESTINGHOUSE ELECTRIC CORPORATION (Registrant) By: /s/ LOUIS J. BRISKMAN ------------------------------- Senior Vice President and General Counsel Date: May 9, 1997 3 EXHIBIT INDEX
Exhibit No. Description Sequential Page No. - ----------- ----------- ------------------- 99 Press Release
EX-99 2 WESTINGHOUSE ELECTRIC CORP. 1 Exhibit 99 [LOGO] Westinghouse Public Relations Westinghouse Electric Corporation Westinghouse Building, Gateway Center 11 Stanwix Street Pittsburgh, Pennsylvania 15222-1384 Contact: Kevin Ramundo Telephone: (412) 642-4989 FOR USE: IMMEDIATE CHIEF OPERATING OFFICER OF I&T GROUP TO LEAVE WESTINGHOUSE PITTSBURGH, May 1, 1997-Westinghouse Electric Corporation announced today that Francis J. Harvey, executive vice-president and chief operating officer of the company's Industries and Technology Group, will leave the company at the end of the month. Dr. Harvey's departure reflects the soon-to-be-announced appointment of a new chief executive officer for the group, a step that will alleviate the need for a COO position given the smaller and more streamlined nature of the industrial portfolio. "Fran has served Westinghouse well as a strong, results-oriented chief operating officer during a time of great change," Michael H. Jordan, Westinghouse's chairman and chief executive officer, said. "He established effective financial and operational practices for the group, and built a firm management foundation for the new company. Fran and I agree that this is the appropriate time to eliminate the chief operating officer position in the Industries and Technology Group." In commenting on his departure, Dr. Harvey said, "Over the past year, we have streamlined the Group and have successfully enhanced management effectiveness through more disciplined business processes, greater collaboration, and improved communications. To continue the progress, I believe it will be best for the new CEO to have a direct relationship to the business unit presidents. After 28 great years, I wish the company every success in the future and I am looking forward to exploring a broad range of new opportunities." 2 CHIEF OPERATING OFFICER OF I&T GROUP TO LEAVE WESTINGHOUSE -2- When Westinghouse announced last November that it was going to create a new company by spinning off its industrial operations to shareholders, it indicated that it would name a CEO to head the industrial operations, and ultimately the new Westinghouse Electric Company. The company expects to announce the new CEO by the end of June and to complete the spin-off in the fall. Prior to becoming chief operating officer, Dr. Harvey served as president of the corporation's defense electronics group, as well as president of its government and environmental services business. He also served as vice president of science and technology. Fran began his career in 1969 as a research engineer, published over 50 scientific papers and reports and was awarded 12 patents. In 1978, he was chosen to be a White House Fellow and worked as a Special Assistant to the Secretary of Defense. He then joined Westinghouse's defense group and held numerous positions, including two general management assignments. Dr. Harvey obtained his BS degrees in Metallurgy and Materials Science from Notre Dame and his PhD from the University of Pennsylvania. -----END PRIVACY-ENHANCED MESSAGE-----