-----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, L1t58rdGIP3/B2IJrpuqnj4uWbyxUAXFv4e0GJHz5yHY/38+3B84bh+mbN4eUWA7 REKXu0P+Wm4Y6mMxcuHc/w== 0000048305-96-000022.txt : 19961216 0000048305-96-000022.hdr.sgml : 19961216 ACCESSION NUMBER: 0000048305-96-000022 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961127 ITEM INFORMATION: Other events FILED AS OF DATE: 19961213 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: HONEYWELL INC CENTRAL INDEX KEY: 0000048305 STANDARD INDUSTRIAL CLASSIFICATION: AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822] IRS NUMBER: 410415010 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20629 FILM NUMBER: 96680029 BUSINESS ADDRESS: STREET 1: HONEYWELL PLZ CITY: MINNEAPOLIS STATE: MN ZIP: 55408 BUSINESS PHONE: 6129511000 MAIL ADDRESS: STREET 1: PO BOX 524 CITY: MINEAPOLIS STATE: MN ZIP: 55440-0524 FORMER COMPANY: FORMER CONFORMED NAME: MINNEAPOLIS HONEYWELL REGULATOR CO DATE OF NAME CHANGE: 19670213 8-K 1 FORM 8-K 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): November 27, 1996 Honeywell Inc. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-971 41-0415010 ---------------- ---------------- -------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) Honeywell Plaza Minneapolis, Minnesota 55408 --------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (612) 951-1000 Not Applicable ------------------------------------------------------------ (Former name or former address, if changed since last report) Item 5. Other Events. ------------ On November 27, 1996, the Registrant issued a News Release reporting on recent developments in the previously reported lawsuit involving American Flywheel Systems, Inc. A copy of the News Release is filed herewith as Exhibit 99(i). Further information regarding this matter is set forth in Part II, Item 1 of the Registrant's Quarterly Report on Form 10Q for the quarter ended September 29, 1996, as filed with the Commission on November 13, 1996. Item 7. Financial Statements and Exhibits. --------------------------------- (c) Exhibits: 99(i) Honeywell Inc. News Release dated November 27, 1996. 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. HONEYWELL INC. By: /s/ Edward D. Grayson -------------------------- Edward D. Grayson Vice President and General Counsel Date: December 12, 1996 INDEX TO EXHIBITS Exhibit No. - ---------- 99(i) Honeywell Inc. News Release dated November 27, 1996 Page (i) EX-99 2 EXHIBIT 99(I) Exhibit 99(i) FOR IMMEDIATE RELEASE From: Jan Almon Honeywell Satellite Systems Operation 19019 N. 59th Ave. Glendale, AZ 85308 (602) 561-3493 JURY RETURNS VERDICTS TODAY IN CASE BETWEEN HONEYWELL SATELLITE SYSTEMS OPERATION AND AMERICAN FLYWHEEL SYSTEMS, INC. PHOENIX, ARIZONA - November 27, 1996 _ In litigation between Honeywell Inc. Satellite Systems Operation (SSO) and American Flywheel Systems, Inc. (AFS) involving a technology development contract, a Phoenix jury today returned three verdicts against Honeywell which total $38 million dollars and one verdict in favor of Honeywell for relief which will be determined by the court. The case stemmed from the development contract signed in 1993 for an electro mechanical flywheel battery (EMFB). Honeywell originally filed suit in September 1994 because of AFS's failure to pay SSO for work performed and because the parties were unable to agree on their respective rights and obligations under the contract. AFS countersued with allegations relating to the breach of the development agreement. Judge Rebecca A. Albrecht of Maricopa County Superior Court presided over the trial which began on October 7. `We are disappointed by the jury's findings and believe that the verdicts are fatally flawed because they are not supported by the evidence before the jury,' John J. Leshinski, counsel for Honeywell said. `We will bring motions to contest these verdicts and resolve the remaining issues. We expect these motions will be heard by the court over the next several months and resolved sometime in 1997.' Honeywell is a global controls company focused on creating value through control technology that enhances comfort, improves productivity, saves energy, protects the environment and increases safety. The company serves customers worldwide in the home and buildings, industrial, and aviation and space markets. Honeywell employs 53,000 people in 95 countries and had 1995 sales of $6.7 billion. (i) -----END PRIVACY-ENHANCED MESSAGE-----