6-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934 November 6, 2015

Koninklijke Philips N.V.
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(Translation of registrant’s name into English)

The Netherlands
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(Jurisdiction of incorporation or organization)

Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands

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(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F    [] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  []

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  []

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:  [] Yes    [x] No

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 

This report comprises a copy of the following press releases:

“Philips to hold Extraordinary General Meeting of Shareholders on December 18,
2015 to appoint Abhijit Bhattacharya to the Board of Management”, dated November
6, 2015.

“Philips signs agreement resulting in the settlement of its entire U.K. pension
plan obligations”, dated November 5, 2015.

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, thereunto duly authorized.

		Koninklijke Philips N.V.
Date: 11/06/2015	By:	/s/ M.J. van Ginneken
	Name:	M.J. van Ginneken
	Title:	General Secretary

EXHIBIT INDEX

Exhibit No.	Description
99	press release
99	press release

EX-99 2 exhibit1.htm EX-99

Press Information

November 6, 2015

Philips to hold Extraordinary General Meeting of Shareholders on December 18, 2015 to appoint Abhijit Bhattacharya to the Board of Management

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today convened an Extraordinary General Meeting of Shareholders (EGM) to be held on Friday December 18, 2015 at the Hilton Amsterdam hotel. At the EGM, the only agenda item is the proposal to appoint Abhijit Bhattacharya as a member of the Board of Management with effect from December 18, 2015 (voting item). As per the announcement made on October 12, 2015, Abhijit Bhattacharya has become a member of Philips’ Executive Committee and he will fulfill the role of CFO of Royal Philips.

Abhijit Bhattacharya (Indian, 1961) joined Philips in 1987 and has held various senior leadership roles in the company in Asia Pacific, Europe and the U.S. He chaired the team responsible for the overall planning and execution of the separation process to create two winning companies focused on the HealthTech and Lighting opportunities. In 2014, he was the CFO of Philips Healthcare, Philips’ largest sector, and he headed Philips Investor Relations from 2010 to 2013. Abhijit Bhattacharya’s previous position was CFO of Philips Lighting.

Click on this link to view the agenda and explanatory note of the EGM. Philips’ EGM will be held at the Hilton Amsterdam hotel, Apollolaan 138, in Amsterdam on Friday December 18, 2015, and will begin at 9:30 hours am CET.

For further information, please contact:

Philips Group Communications
Steve Klink
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com

Philips Investor Relations
Leandro Mazzoni
Tel.: +31 20 5977055
E-mail: leandro.mazzoni@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 106,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Press Information

November 5, 2015

Philips signs agreement resulting in the settlement of its entire U.K. pension plan obligations

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that the Trustees of the Philips U.K. Pension Fund have entered into an agreement with Pension Insurance Corporation plc (PIC) to purchase a group annuity contract that will transfer payment responsibility for retirement benefits owed to approximately 26,000 current and former U.K. employees and their beneficiaries. The transaction with PIC will involve the transfer of EUR 2.6 billion* of the Fund’s defined benefit obligations to the insurer.

As part of this transaction, Philips expects to make a final pension contribution of approximately GBP 225 million (approximately EUR 314 million) in cash to PIC in the fourth quarter of 2015. Philips expects to recognize a pension settlement charge that is currently estimated at approximately EUR 314 million before tax, which will be reported within EBITA in the fourth quarter of 2015.

The U.K. Pension Fund’s defined benefit obligations are currently EUR 3.9 billion* in total, which includes EUR 1.3 billion* of defined benefit obligations covered by existing buy-in policies, purchased by the Fund in 2013 and 2014 from different insurance companies.

Philips has given notice to the Trustees of the U.K. Pension Fund to start the process of winding up the Fund. During the wind up of the U.K. Pension Fund, the buy-in policies purchased from PIC and the other insurance companies are converted into buy-out policies. As a result, the settlement of the U.K. Pension Fund reduces Philips’ total defined benefit obligations by EUR 3.9 billion to approximately EUR 4.5 billion.*

This transaction is in line with Philips’ objective to mitigate the company’s financial exposure to its defined benefit pension plans and follows the October 1, 2015 agreements to transfer the U.S. pension plan obligations for a large group of former employees to three insurance companies. 

• Estimated financial numbers according to IFRS accounting and discount rates per November 1, 2015.

For further information, please contact:

Philips Group Communications
Steve Klink
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com

Philips Investor Relations
Leandro Mazzoni
Tel.: +31 20 5977055
E-mail: leandro.mazzoni@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 106,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Forward-looking statements
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

EX-99

Press Information

November 6, 2015

Philips to hold Extraordinary General Meeting of Shareholders on December 18, 2015 to appoint Abhijit Bhattacharya to the Board of Management

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today convened an Extraordinary General Meeting of Shareholders (EGM) to be held on Friday December 18, 2015 at the Hilton Amsterdam hotel. At the EGM, the only agenda item is the proposal to appoint Abhijit Bhattacharya as a member of the Board of Management with effect from December 18, 2015 (voting item). As per the announcement made on October 12, 2015, Abhijit Bhattacharya has become a member of Philips’ Executive Committee and he will fulfill the role of CFO of Royal Philips.

Abhijit Bhattacharya (Indian, 1961) joined Philips in 1987 and has held various senior leadership roles in the company in Asia Pacific, Europe and the U.S. He chaired the team responsible for the overall planning and execution of the separation process to create two winning companies focused on the HealthTech and Lighting opportunities. In 2014, he was the CFO of Philips Healthcare, Philips’ largest sector, and he headed Philips Investor Relations from 2010 to 2013. Abhijit Bhattacharya’s previous position was CFO of Philips Lighting.

Click on this link to view the agenda and explanatory note of the EGM. Philips’ EGM will be held at the Hilton Amsterdam hotel, Apollolaan 138, in Amsterdam on Friday December 18, 2015, and will begin at 9:30 hours am CET.

For further information, please contact:

Philips Group Communications
Steve Klink
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com

Philips Investor Relations
Leandro Mazzoni
Tel.: +31 20 5977055
E-mail: leandro.mazzoni@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 106,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Press Information

November 5, 2015

Philips signs agreement resulting in the settlement of its entire U.K. pension plan obligations

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) today announced that the Trustees of the Philips U.K. Pension Fund have entered into an agreement with Pension Insurance Corporation plc (PIC) to purchase a group annuity contract that will transfer payment responsibility for retirement benefits owed to approximately 26,000 current and former U.K. employees and their beneficiaries. The transaction with PIC will involve the transfer of EUR 2.6 billion* of the Fund’s defined benefit obligations to the insurer.

As part of this transaction, Philips expects to make a final pension contribution of approximately GBP 225 million (approximately EUR 314 million) in cash to PIC in the fourth quarter of 2015. Philips expects to recognize a pension settlement charge that is currently estimated at approximately EUR 314 million before tax, which will be reported within EBITA in the fourth quarter of 2015.

The U.K. Pension Fund’s defined benefit obligations are currently EUR 3.9 billion* in total, which includes EUR 1.3 billion* of defined benefit obligations covered by existing buy-in policies, purchased by the Fund in 2013 and 2014 from different insurance companies.

Philips has given notice to the Trustees of the U.K. Pension Fund to start the process of winding up the Fund. During the wind up of the U.K. Pension Fund, the buy-in policies purchased from PIC and the other insurance companies are converted into buy-out policies. As a result, the settlement of the U.K. Pension Fund reduces Philips’ total defined benefit obligations by EUR 3.9 billion to approximately EUR 4.5 billion.*

This transaction is in line with Philips’ objective to mitigate the company’s financial exposure to its defined benefit pension plans and follows the October 1, 2015 agreements to transfer the U.S. pension plan obligations for a large group of former employees to three insurance companies. 

• Estimated financial numbers according to IFRS accounting and discount rates per November 1, 2015.

For further information, please contact:

Philips Group Communications
Steve Klink
Tel.: +31 6 1088 8824
E-mail: steve.klink@philips.com

Philips Investor Relations
Leandro Mazzoni
Tel.: +31 20 5977055
E-mail: leandro.mazzoni@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 106,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Forward-looking statements
This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.