-----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, JuZDBghc9+xU4YaNng8wUxx3lCvuv7KveQrwnRX47WNkr+QIOlZLDpiz3YxesOpc dgLnQqNgbr1mOpyA300q7g== 0000030554-99-000009.txt : 19990302 0000030554-99-000009.hdr.sgml : 19990302 ACCESSION NUMBER: 0000030554-99-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19990301 ITEM INFORMATION: FILED AS OF DATE: 19990301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUPONT E I DE NEMOURS & CO CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MAIL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00815 FILM NUMBER: 99553653 BUSINESS ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 BUSINESS PHONE: 3027741000 8-K 1 CURRENT REPORT 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 1, 1999 E. I. du Pont de Nemours and Company (Exact Name of Registrant as Specified in Its Charter) Delaware 1-815 51-0014090 (State or Other Jurisdiction (Commission (I.R.S Employer of Incorporation) File Number) Identification No.) 1007 Market Street Wilmington, Delaware 19898 (Address of principal executive offices) Registrant's telephone number, including area code: (302) 774-1000 1 Item 5. Other Events ------------ In connection with Debt and/or Equity Securities that may be offered on a delayed or continuous basis under Registration Statements on Form S-8 (No. 33-53327, No. 33-61339 and No. 33-60069), we hereby file the following press release. Contacts: Terrence Q. Cressy (United States) (248) 583-8102 Ralf Peter Thomas (Germany) (011) 49-6172-87-1270 DUPONT ANNOUNCES THE COMPLETION OF ITS ACQUISITION OF HERBERTS WILMINGTON, Del., March 1 -- DuPont today announced the completion of its acquisition of Herberts, the coatings subsidiary of Hoechst AG. Terms of the acquisition remain unchanged from the preliminary agreement last October: a stock purchase with payment at closing of approximately USD 1.9 billion (DM 3.1 billion). The combined business, to be known as DuPont Performance Coatings, will have annual sales of more than $3.8 billion, making DuPont the world's largest supplier of automotive coatings and the third largest coatings company, overall. The impact of the acquisition on DuPont's earnings per share is projected to be essentially neutral for 1999, and will generate significant shareholder value thereafter. "We are extremely pleased by the talent, complementary technology, market positions and regional customer service capabilities we've already seen in the Herberts organization," said Louis F. Savelli, 63, who has been named president, DuPont Performance Coatings. "With such an excellent fit, we will create a significantly improved global business with strong growth and earnings potential," he said. Executive management appointments will be balanced by region from both the DuPont and Herberts organizations, and include the naming of two vice president and general managers: o Edward J. Donnelly, 53, formerly DuPont director of planning, is named vice president and general manager - Americas, with global respon- sibility for the DuPont Refinish and Liquid Industrial Coatings business; 2 o John (Jack) R. Lewis, 55, formerly DuPont vice president - automotive OEM finishes, becomes vice president and general manager - Europe and Asia, with global responsibility for the newly named divisions, DuPont Herberts Automotive Systems (automotive OEM coatings) and DuPont Powder Coatings. Founded in 1802, DuPont is a global research and technology-based company. DuPont serves worldwide markets including food and nutrition, health care; agriculture, fashion and apparel; home and construction; electronics; and transportation. The company operates in more than 70 countries and has 92,000 employees. Forward-Looking Statements: This news release contains forward- looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures, financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including these discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its Current Report on Form 8-K filed on November 13, 1998 as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; failure of the company or related third parties to become Year 2000 capable; research and development of new products, including regulatory approval and market acceptance. ### 3/1/99 3 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. E. I. DU PONT DE NEMOURS AND COMPANY (Registrant) /s/ D. B. Smith ------------------------------------ D. B. Smith Assistant Controller March 1, 1999 4 -----END PRIVACY-ENHANCED MESSAGE-----