-----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, BfL0MxRo6IqA6MVg9k5tm/idHJivlCEKDz6GRnE7iOsIeBgKALnsd25BWDWhiXz3 Q+IkHrLywQ1GnxFC6ZTvmA== 0000773840-98-000023.txt : 19980601 0000773840-98-000023.hdr.sgml : 19980601 ACCESSION NUMBER: 0000773840-98-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980529 ITEM INFORMATION: FILED AS OF DATE: 19980529 SROS: CSX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIEDSIGNAL INC CENTRAL INDEX KEY: 0000773840 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 222640650 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08974 FILM NUMBER: 98633691 BUSINESS ADDRESS: STREET 1: 101 COLUMBIA RD STREET 2: PO BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 BUSINESS PHONE: 2014552000 MAIL ADDRESS: STREET 1: 101 COLUMBIA RD P O BOX 4000 STREET 2: 101 COLUMBIA RD P O BOX 4000 CITY: MORRISTOWN STATE: NJ ZIP: 07962 8-K 1 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): May 29, 1998 AlliedSignal Inc. - ------------------------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 1-8974 22-2640650 -------------- ------------ -------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 101 Columbia Road P.O. Box 4000 Morristown, New Jersey 07962-2497 ---------------------------- ---------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (973) 455-2000 Item 5. Other Events. ------------- The Registrant issued on May 29, 1998 the following press release: AlliedSignal Announces $2.2-Billion Share Repurchase MORRIS TOWNSHIP, New Jersey, May 29, 1998 -- AlliedSignal Inc. (NYSE: ALD) announced today that it would repurchase up to $2.2 billion of its common stock over the next two years. Commenting on the new buyback program, Lawrence A. Bossidy, Chairman and Chief Executive Officer, said, "This is the first time we have adopted a share buyback plan beyond our requirements for shares issued under employee benefit plans and for acquisitions. We've taken this new direction for two reasons: At current market price levels, repurchasing the company's shares is more attractive than most acquisition opportunities. And our increased free cash flow from operations helps furnish the resources for such a buyback." The timing and total amount of the share repurchases will depend on market conditions. Approximately 68 million shares remain available for repurchase under a December 1996 authorization by the Board of Directors. The company has 565 million shares outstanding. AlliedSignal Inc. is an advanced technology and manufacturing company serving customers worldwide with aerospace and automotive products, chemicals, fibers, plastics and advanced materials. THIS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS AS DEFINED IN SECTION 21E OF THE SECURITIES EXCHANGE ACT OF 1934, INCLUDING STATEMENTS ABOUT FUTURE BUSINESS OPERATIONS, FINANCIAL PERFORMANCE AND MARKET CONDITIONS. SUCH FORWARD-LOOKING STATEMENTS INVOLVE RISKS AND UNCERTAINTIES INHERENT IN BUSINESS FORECASTS. 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. AlliedSignal Inc. (Registrant) Date: May 29, 1998 By: /s/ Robert F. Friel ----------------------------- Robert F. Friel Vice President and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----