-----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, OMlHW6eDaXwOcmZAm+S2q0Q3QC8gGDreCdklBcqr9kGep3KZUKKHEzsa8Oj+2LMI tMO1VkXKBngvFr7KQkWnzA== 0000020388-98-000018.txt : 19980326 0000020388-98-000018.hdr.sgml : 19980326 ACCESSION NUMBER: 0000020388-98-000018 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980324 ITEM INFORMATION: FILED AS OF DATE: 19980325 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP INC CENTRAL INDEX KEY: 0000020388 STANDARD INDUSTRIAL CLASSIFICATION: SHORT-TERM BUSINESS CREDIT INSTITUTIONS [6153] IRS NUMBER: 132994534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-01861 FILM NUMBER: 98572518 BUSINESS ADDRESS: STREET 1: 1211 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125361950 MAIL ADDRESS: STREET 1: 1211 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: CIT GROUP HOLDINGS INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CIT FINANCIAL CORP/OLD/ DATE OF NAME CHANGE: 19860512 8-K 1 PRESS RELEASE FOR FIRST QUARTER 1998 EARNINGS. 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) March 24, 1998 ------------------- The CIT Group, Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-1861 13-2994534 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 1211 Avenue of the Americas New York, New York 10036 - -------------------------------------------------------------------------------- Registrant's telephone number, including area code (212) 536-1390 ------------------ - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. -------------- See the attached press release regarding the declaration of a dividend for the quarter ending March 31, 1998 of $.10 per share, payable on April 20, 1998 to holders of record at the close of business on April 3, 1998, filed as Exhibit 99.1. See also the attached press release regarding the election of a new director, filed as Exhibit 99.2. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. 99.1 Press Release, dated March 24, 1998, Regarding Declaration of a Dividend for the Quarter Ending March 31, 1998. 99.2 Press Release Regarding Election of a New Director, dated March 24, 1998. 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. THE CIT GROUP, INC. ------------------------ (Registrant) By /s/ JOSEPH M. LEONE ------------------------ Joseph M. Leone Executive Vice President and Chief Financial Officer Dated: March 24, 1998 Exhibit 99.1 [The CIT Group, Inc. Logo] Contact: Michael J. McGowan Vice President Communications Services (973)535-3506 mmcgowan@citgroup.com FROM: THE CIT GROUP 650 CIT DRIVE LIVINGSTON, NJ 07039 FOR IMMEDIATE RELEASE THE CIT GROUP, INC. DECLARES QUARTERLY DIVIDEND LIVINGSTON, NJ (March 24, 1998) -- The Board of Directors of The CIT Group, Inc. [NYSE:CIT] today declared a quarterly cash dividend of $.10 per common share for shareholders of record on April 3, 1998. The cash dividend is payable on April 20, 1998. This is the first dividend declared by the Board of Directors of The CIT Group since the Company's initial public offering on November 13, 1997. With more than $22 billion in managed assets, The CIT Group, Inc. (http://www.citgroup.com) is one of the nation's largest commercial and consumer financing companies. Founded in 1908, the Company provides diversified financing products and services to a broad range of customers through strategically focused business units. # # # Exhibit 99.2 [The CIT Group, Inc. Logo] Contact: Michael J. McGowan Vice President Communications Services (973)535-3506 mmcgowan@citgroup.com FROM: THE CIT GROUP 650 CIT DRIVE LIVINGSTON, NJ 07039 FOR IMMEDIATE RELEASE THE CIT GROUP NAMES ALAN F. WHITE TO BOARD OF DIRECTORS LIVINGSTON, NJ (March 24, 1998) -- The CIT Group, Inc. [NYSE:CIT], today announced the appointment of Alan F. White, Senior Associate Dean at the MIT Sloan School of Management to its Board of Directors and Audit Committee. He succeeds Keiji Torii, General Manager, International Planning and Coordination Division of The Dai-Ichi Kangyo Bank Limited. Mr. White, 60, has served as Director of Executive Education at MIT for several years and has been responsible for programs in Asia, Europe and Latin America. Currently, he also directs the development of a MIT management education program in China and a business school at the Nanyang Technological University in Singapore. "We are very pleased to have such a distinguished business educator join our Board of Directors," said Albert R. Gamper, Jr., President and Chief Executive Officer, The CIT Group, Inc. "Alan's global perspective and management experience will bring tremendous value to The CIT Group." Mr. White serves on the Boards of SBS Technologies [NASDAQ:SBSE], Celerity Solutions [NASDAQ:CLTY], Management Sciences for Health, The International Consortium for Executive Development Research, The University Consortium for Executive Education, The French American Chamber of Commerce and the Advisory Board of the Japan Management Institute. He is also a member of the Boston Council of the Council on Foreign Relations. Mr. White has served as a consultant in the area of management development and business development to numerous organizations, including British Petroleum, Citibank, Gemini Consulting and the Young Presidents' Organization. He has published several articles in leading journals in the field of Management Development. Mr. White received an undergraduate degree from the University of Miami (Ohio) and a Master's Degree in Management from MIT. With more than $22 billion in managed assets, The CIT Group, Inc. (http://www.citgroup.com) is one of the nation's largest commercial and consumer financing companies. Founded in 1908, the Company provides diversified financing products and services to a broad range of customers through strategically focused business units. # # # -----END PRIVACY-ENHANCED MESSAGE-----