-----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, StOWNZf6UUv9h+MfpZI3ZyE8qrwjwHveS4HXN8OI158KmqxQrSeV3PnJEDDKUMOm j2k7tu7bIZYcl0YB01Uzog== 0000020388-98-000038.txt : 19980828 0000020388-98-000038.hdr.sgml : 19980828 ACCESSION NUMBER: 0000020388-98-000038 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980827 ITEM INFORMATION: FILED AS OF DATE: 19980827 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: 98699332 BUSINESS ADDRESS: STREET 1: 1211 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2125361390 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 REGARDING STOCK REPURCHASE PROGRAM. 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) August 27, 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 a stock repurchase program announced by the Corporation, filed as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. 99.1 Press Release, dated August 27, 1998, Regarding a Stock Repurchase Program of the Corporation. 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: August 27, 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: --------------------------------------------- Joseph M. Leone Executive Vice President and Chief Financial Officer Dated: August 27, 1998 Exhibit 99.1 [The CIT Group, Inc. Logo] Contact: Jeffrey Simon Senior Vice President Investor Relations (973) 535-5911 FROM: THE CIT GROUP, INC. 1211 AVENUE OF THE AMERICAS NEW YORK, NY 10036 FOR IMMEDIATE RELEASE THE CIT GROUP ANNOUNCES STOCK REPURCHASE PROGRAM NEW YORK, NEW YORK, AUGUST 27, 1998 -- THE CIT GROUP, INC. (NYSE:CIT) today announced that its Board of Directors has authorized the repurchase of up to 2 million shares of the Company's common stock to provide for the Company's employee stock option plan which begins to vest in November, 1998. The stock repurchase program is authorized to take place over the next 12 months from time to time in the open market or in privately negotiated transactions. "This stock repurchase program gives us an effective tool to fund our employee stock option plan," said Albert R. Gamper, Jr., President and CEO of CIT. "We also believe that the timing of this program enables us to take advantage of the stock being undervalued particularly in relation to the prospects for our future performance." The CIT Group, Inc. one of the nation's largest commercial and consumer lending organizations, is an affiliate of and majority-owned by The Dai-Ichi Kangyo Bank, Limited, one of the largest banks in the world. -----END PRIVACY-ENHANCED MESSAGE-----