-----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, QSFTzcUISW3bBLxkekC+3RponhrPZajSCcrcKZw0UYyVDprctVL3fCByln3d7qb1 wtT6Cl9t+kl42dJFNUawhw== 0000950152-97-008816.txt : 19971224 0000950152-97-008816.hdr.sgml : 19971224 ACCESSION NUMBER: 0000950152-97-008816 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19970630 FILED AS OF DATE: 19971223 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARRIS CORP /DE/ CENTRAL INDEX KEY: 0000202058 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 340276860 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 11-K SEC ACT: SEC FILE NUMBER: 001-03863 FILM NUMBER: 97743462 BUSINESS ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 BUSINESS PHONE: 4077279125 MAIL ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS SEYBOLD CO DATE OF NAME CHANGE: 19600201 11-K 1 HARRIS CORP/LANIER WORLDWIDE SAVINGS INCENTIVE 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 11-K _______________________ (Mark One) [X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission file number 1-3863 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: Lanier Worldwide, Inc. Savings Incentive Plan B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: Harris Corporation 1025 W. NASA Blvd. Melbourne, Florida 32919 2 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Financial Statements and Supplementary Information June 30, 1997 3 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Table of Contents
June 30, 1997 PAGE --------------------------------------------------------------------------------------------------------- INDEPENDENT AUDITOR'S REPORT...........................................................................1 FINANCIAL STATEMENTS: Statements of Net Assets Available for Benefits.....................................................2 Statement of Changes in Net Assets Available for Benefits.........................................3-4 Notes to Financial Statements.....................................................................5-7 SUPPLEMENTARY INFORMATION: Schedule of Assets Held for Investment..............................................................8 Schedule of Reportable Transactions.................................................................9
4 [LOGO] BRAY, BECK & KOETTER 410 Indian River Avenue, Suite A CERTIFIED PUBLIC ACCOUNTANTS, P.A. Post Office Box 6583 Titusville, Florida 32782-6583 (407) 269-0732 FAX (407) 264-0925 39 South Atlantic Avenue, Suite A Post Office Box 321057 Cocoa Beach, Florida 32932-1057 (407) 783-8321 FAX (407) 799-0925 1901 South Harbor City Blvd One Harbor Place Suite 500A Post Office Box 249 Melbourne, Florida 32902-0249 (407) 676-1440 FAX (407) 984-8018 INDEPENDENT AUDITOR'S REPORT Pension and Retirement Committee Lanier Worldwide, Inc. Savings Incentive Plan Melbourne, Florida We have audited the accompanying statements of net assets available for benefits of the Lanier Worldwide, Inc. Savings Incentive Plan as of June 30, 1997 and 1996, and the related statement of changes in net assets available for benefits for the year ended June 30, 1997. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan at June 30, 1997 and 1996, and the changes in its net assets available for benefits for the year ended June 30, 1997 in conformity with generally accepted accounting principles. Our audit was made for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedules contained on pages 8 and 9 as of and for the year ended June 30, 1997 are presented for purposes of complying with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974, and are not a required part of the financial statements. The supplemental schedules have been subjected to the auditing procedures applied in our audit of the 1997 financial statements and, in our opinion, are fairly stated in all material respects in relation to the 1997 financial statements taken as a whole. /s/ Bray Beck & Koetter Melbourne, Florida October 9, 1997 1 5 FINANCIAL STATEMENTS 6 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Statements of Net Assets Available for Benefits June 30, 1997 and 1996 --------------------------------------------------------------------------
1997 1996 ------------ ------------ ASSETS INVESTMENTS, AT FAIR VALUE (Note 4): Registered investment companies: T. Rowe Price Summit Cash Reserve Fund $ 15,799,184 $ 15,253,639 T. Rowe Price Equity Index Fund 47,857,599 34,606,310 T. Rowe Price Short Term Bond Fund 1,846,392 1,523,479 T. Rowe Price New America Growth Fund 26,655,958 20,340,388 T. Rowe Price Balanced Fund 10,650,401 8,082,548 T. Rowe Price International Stock Fund 4,166,626 3,013,427 Harris Corporation common stock 1,459,535 150,767 Participant loans 6,230,045 5,642,956 ------------ ------------ Total investments 114,665,740 88,613,514 RECEIVABLES: Employer contributions 69,186 55,520 Employee contributions 300,481 250,993 ------------ ------------ Total receivables 369,667 306,513 LIABILITIES -- -- ------------ ------------ NET ASSETS AVAILABLE FOR BENEFITS $115,035,407 $ 88,920,027 ============ ============
See accompanying notes to financial statements. 2 -------------------------------------------------------------------------- 7 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Statement of Changes in Net Assets Available for Benefits Year Ended June 30, 1997 --------------------------------------------------------------------------
T. Rowe Price T. Rowe Price T. Rowe Price Summit Cash Equity Index Short Term Reserve Fund Fund Bond Fund ------------ ------------ ------------ INCREASES: Investment income $ 785,895 $ 1,248,883 $ 97,784 Contributions from employer 335,729 558,527 51,475 Contributions from employees 1,320,252 2,872,263 266,182 ------------ ------------ ------------ 2,441,876 4,679,673 415,441 Net transfers between funds (887,798) 105,006 (38,167) DECREASES: Benefits paid directly to participants 1,006,115 2,222,178 57,723 Administrative expenses 6,222 12,067 1,103 ------------ ------------ ------------ 1,012,337 2,234,245 58,826 Net appreciation (depreciation) in fair value of investments (Note 4) -- 10,714,823 5,384 ------------ ------------ ------------ Net increase in net assets available for benefits 541,741 13,265,257 323,832 NET ASSETS AVAILABLE FOR BENEFITS: Beginning of year 15,309,797 34,695,920 1,532,644 ------------ ------------ ------------ END OF YEAR $ 15,851,538 $ 47,961,177 $ 1,856,476 ============ ============ ============
See accompanying notes to financial statements. 3 -------------------------------------------------------------------------- 8 - --------------------------------------------------------------------------------
T. Rowe Price T. Rowe Price T. Rowe Price T. Rowe Price New America Balanced International Harris Loan Growth Fund Fund Stock Fund Stock Fund Fund Total - ------------ ------------ ------------ ------------ ------------ ------------ $ 1,913,275 $ 389,320 $ 89,440 $ 16,081 $ 487,798 $ 5,028,476 550,173 202,057 95,522 568,955 -- 2,362,438 3,189,577 1,092,250 665,127 513,553 -- 9,919,204 - ------------ ------------ ------------ ------------ ------------ ------------ 5,653,025 1,683,627 850,089 1,098,589 487,798 17,310,118 502,442 (2,351) (57,339) 1,535 376,672 -- 1,056,769 466,815 138,089 19,054 277,381 5,244,124 10,186 4,058 1,942 -- -- 35,578 - ------------ ------------ ------------ ------------ ------------ ------------ 1,066,955 470,873 140,031 19,054 277,381 5,279,702 1,246,732 1,365,386 507,874 244,765 -- 14,084,964 - ------------ ------------ ------------ ------------ ------------ ------------ 6,335,244 2,575,789 1,160,593 1,325,835 587,089 26,115,380 20,423,043 8,115,461 3,030,351 169,855 5,642,956 88,920,027 - ------------ ------------ ------------ ------------ ------------ ------------ $ 26,758,287 $ 10,691,250 $ 4,190,944 $ 1,495,690 $ 6,230,045 $115,035,407 ============ ============ ============ ============ ============ ============
4 -------------------------------------------------------------------------- 9 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Notes to Financial Statements June 30, 1997 -------------------------------------------------------------------------- 1. DESCRIPTION OF THE PLAN The Lanier Worldwide, Inc. Savings Incentive Plan (the "Plan") is a defined contribution plan available to substantially all permanent employees of Lanier Worldwide, Inc. ("the Company and Sponsor"). Participants can contribute up to 15% of their salary in 1% increments. Upon the later of completion of one year of service or attainment of age 21, the Company matches 50% of the participant's contribution up to a maximum of 3% of compensation. All participants' contributions and earnings thereon are 100% vested. Company contributions to participants' accounts vest 20% per year of service, until a participant becomes fully vested after five years of service. Forfeitures of terminated participants' nonvested accounts reduce the matching contributions of the Company. Participants may allocate contributions among six T. Rowe Price Mutual Funds and the Harris Stock Fund. Participant contributions to the Harris Stock Fund are limited to 1% of compensation. Shares of Harris Corporation common stock are purchased or contributed by the Company at a discount established from time to time by the Company. Amounts may not be transferred from other funds to the Harris Stock Fund. Contributions must remain in the fund for a minimum of 36 months. Participants may borrow against the vested portion of their accounts from a minimum of $500 up to a maximum of $50,000 or 50% of the vested portion of a participant's account, whichever is less. Loans made under the Plan range from one year to four years. Upon termination, vested participants receive full lump sum distributions. The full value of benefits are payable upon retirement, total or permanent disability or to beneficiaries upon death of the participant regardless of years of service. Under provisions of the Plan, the Company reserves the right to amend or terminate the Plan at any time. If the plan is terminated, each participant's account will become fully vested. T. Rowe Price Retirement Plan Services, Inc. ("T. Rowe Price") is the Plan's Trustee, record keeper, and investment manager. 2. SIGNIFICANT ACCOUNTING POLICIES The accounting records of the Plan are maintained on the accrual basis. Unless otherwise elected by the Company, all ordinary and extraordinary charges and expenses incurred by the Trustee in connection with the administration of the Plan are paid by the Trustee from the assets of the Plan. In fiscal 1997, the Company elected to pay certain administrative expenses such as legal fees, tax counsel and accounting fees. Administrative expenses, which consist of Trustee, record keeping and investment manager fees and commissions paid to T. Rowe Price, were paid by the Plan. 5 -------------------------------------------------------------------------- 10 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Notes to Financial Statements June 30, 1997 -------------------------------------------------------------------------- 2. SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Investments in securities are stated at fair value as determined by quoted market prices as of the close of business on the last day of the plan year. Investments for which a quoted market value is not available are stated at fair values reported by the trustee or investee company. Participant loans are stated at cost. The net appreciation (depreciation) in fair value of investments reflected in the statements of changes in net assets available for plan benefits represents the sum of the unrealized appreciation or depreciation in the aggregate fair value of investments and the realized gain or loss on the sale of investments. The preparation of financial statements in conformity with generally accepted accounting principles requires use of estimates regarding certain types of assets, liabilities, revenues and expenses. Such estimates relate primarily to unsettled transactions and events as of the date of the financial statements. Accordingly, upon settlement, actual results may differ from estimated amounts. 3. INCOME TAX STATUS The plan obtained its latest determination letter on August 22, 1995, in which the Internal Revenue Service stated that the plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The plan has been amended since receiving the determination letter. However, the plan administrator and the plan's tax counsel believe that the plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, they believe that the plan was qualified and the related trust was tax-exempt as of the financial statement date. 4. INVESTMENTS During the year ended June 30, 1997, the Plan's investments (including investments bought and sold as well as held during the year) appreciated (depreciated) in fair value by $14,084,964 as follows:
Net Appreciation (Depreciation) in Fair Value ----------------- Fair value as determined by quoted market price: T. Rowe Price Equity Index Fund $10,714,823 T. Rowe Price Short-term Bond Fund 5,384 T. Rowe Price New America Growth Fund 1,246,732 T. Rowe Price Balanced Fund 1,365,386 T. Rowe Price International Stock Fund 507,874 Harris Stock Fund 244,765 ----------- $14,084,964
=========== 6 - -------------------------------------------------------------------------------- 11 LANIER WORLDWIDE, INC. SAVINGS INCENTIVE PLAN Notes to Financial Statements June 30, 1997 -------------------------------------------------------------------------- 5. TRANSACTIONS WITH PARTIES-IN-INTEREST Under Department of Labor regulations for reporting and disclosure, an employee benefit plan such as the Lanier Worldwide, Inc. Savings Incentive Plan is required to report investment transactions and compensation paid to parties-in-interest. The term "party-in-interest" is broadly defined, but would include Lanier Worldwide, Inc.; Harris Corporation, Lanier Worldwide, Inc.'s parent company; T. Rowe Price (Note 2) and any person or corporation that renders services to the Plan. At June 30, 1997 the Plan held 17,375 shares of Harris Corporation common stock. All other investments were held in T. Rowe Price mutual funds. 6. AMENDMENTS Effective January 1, 1997, the Plan was amended to permit substantially all permanent employees to make before - tax contributions immediately on hire. Employees must continue to complete one year of service and attain age 21 before they are eligible to receive matching contributions. 7 - -------------------------------------------------------------------------------- 12 SUPPLEMENTAL SCHEDULES 13
SCHEDULE G | FINANCIAL SCHEDULES | OMB No. 1210-0016 (FORM 5500) | | ----------------------- | This schedule may be filed as an attachment to the | Department of the Treasury | Annual Return/Report Form 5500 under Section 104 of the | 1996 Internal Revenue Service | Employee Retirement Income Security Act | | of 1974, referred to as ERISA | ----------------------- --------- | | THIS FORM IS OPEN | SEE THE INSTRUCTIONS FOR ITEM 27 OF THE FORM 5500 | TO PUBLIC INSPECTION Department of Labor | | Pension and Welfare Benefits Administration | - ATTACH TO FORM 5500 | - ------------------------------------------------------------------------------------------------------------------------------------ For calendar plan year 1996 or fiscal year beginning July 1, 1996, and ending June 30, 1997 - ------------------------------------------------------------------------------------------------------------------------------------ Name of plan sponsor as shown on line 1a of Form 5500 | EMPLOYER IDENTIFICATION NUMBER Lanier Worldwide, Inc. | 59 | 0778222 - ------------------------------------------------------------------------------------------------------------------------------------ Name of plan Lanier Worldwide, Inc. | Three-digit Savings Incentive Plan | plan number - 0 | 0 | 1 - ------------------------------------------------------------------------------------------------------------------------------------ PART I SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES-SEE FORM 5500, ITEM 27a. - ------------------------------------------------------------------------------------------------------------------------------------ (a) (b) (c) (d) (e) Identity of issue, borrower, Description of investment including maturity date, Cost Current Value lessor, or similar party rate of interest, collateral, par or maturity value - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Participant Loan 6,230,045 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Harris Stock Fund Restricted Company Stock 1,204,626 1,441,523 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Harris Stock Fund Unrestricted Company Stock 16,437 18,012 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- International Stock Fund Mutual Fund 3,510,690 4,166,626 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Equity Index Fund Mutual Fund 29,185,289 47,857,899 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Short Term Bond Fund Mutual Fund 1,892,608 1,846,392 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- New America Growth Fund Mutual Fund 21,111,472 2,655,958 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Balanced Fund Mutual Fund 8,556,500 10,650,401 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Summit Cash Reserves Mutual Fund 15,799,184 15,799,184 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- Prime Reserve Fund Mutual Fund 0 0 - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------- ------------------------------------------------------ ----------------- --------------------- - ------------------------------------------------------------------------------------------------------------------------------------ FOR PAPERWORK REDUCTION ACT NOTICE, SEE THE INSTRUCTIONS FOR FORM 5500. MGA SCHEDULE G (FORM 5500) 1996
8 - -------------------------------------------------------------------------------- 14 EIN 59-0778222 / PN 001
Schedule G (Form 5500) 1996 Page 3 - ------------------------------------------------------------------------------------------------------------------------------------ PART IV SCHEDULE OF LEASES IN DEFAULT OR CLASSIFIED AS UNCOLLECTIBLE--SEE FORM 5500, ITEM 27c. - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- (d) (c) Terms and description (g) (h) (b) Relationship (type of property, (f) Gross rental Expenses (j) (a) Identity of to plan, location and date it was (e) Current receipts paid during (i) Amount in lessor/lessee employer, employee purchased, terms Original value at during the the plan Net arrears organization, regarding rent, taxes, Cost time of plan year year receipts or other insurance, repairs, lease party-in interest expenses, renewal options, date property was leased) - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - --- ------------- -------------------- --------------------------- ---------- -------- ------------ ----------- -------- ----------- - ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------ PART V SCHEDULE OF REPORTABLE TRANSACTIONS--SEE FORM 5500, LINE 27d. - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- (b) (f) (h) Description of Expense (g) Current value (a) asset (include (c) incurred Cost of of asset on (i) Identity of party interest rate and Purchase (d) (e) with asset transaction Net gain or involved maturity in case price Selling price Lease rental transaction date (loss) of a loan) - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- EXF Mutual Fund 6,741,693 6,741,693 6,729,916 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- EXF Mutual Fund (2,949,097) (4,193,370) (2,949,097) (4,193,370) 1,244,273 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- NAG Mutual Fund 7,914,331 7,914,331 7,901,100 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- NAG Mutual Fund (2,191,934) (2,832,259) (2,191,934) (2,832,259) 640,325 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- SCR Mutual Fund 4,136,744 4,136,744 4,136,744 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- SCR Mutual Fund (3,622,276) (3,622,276) (3,622,276) (3,622,276) 0 - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- ------------- - ------------------ ------------------- ----------- ------------- ------------- ------------ ---------- -------------- -------------
9 - -------------------------------------------------------------------------------- 15 SIGNATURES The Lanier Worldwide, Inc. Savings Incentive Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized. Lanier Worldwide, Inc. Savings Incentive Plan /s/ Edward T. Golitko ------------------------- Edward T. Golitko Plan Administrator Date: December 17, 1996 EX-23 2 EXHIBIT 23 1 EXHIBIT 23 CONSENT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS We consent to the incorporation by reference in the following registration statement of the Lanier Worldwide, Inc. Savings Incentive Plan of our report dated October 9, 1997, with respect to the financial statements and schedules of the Lanier Worldwide, Inc. Savings Incentive Plan included in this Annual Report (Form 11-K) for the year ended June 30, 1997. Form S-8 No. 333-01746 Lanier Worldwide, Inc. Savings Incentive Plan Bray, Beck & Koetter Melbourne, Florida December ____, 1997 -----END PRIVACY-ENHANCED MESSAGE-----