-----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, BP/SuOwG/MR7y4xiC1PW1C9lbRb5CHpCsqqA0h4MXe3gGooPr6633FzlBnmVrZRx 9CLNJxRIpVyR8LHP3VFSkA== 0000093469-98-000001.txt : 19980311 0000093469-98-000001.hdr.sgml : 19980311 ACCESSION NUMBER: 0000093469-98-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980310 ITEM INFORMATION: FILED AS OF DATE: 19980310 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: PITTWAY CORP /DE/ CENTRAL INDEX KEY: 0000093469 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 135616408 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04821 FILM NUMBER: 98561917 BUSINESS ADDRESS: STREET 1: 200 S WACKER DR STE 700 CITY: CHICAGO STATE: IL ZIP: 60606-5802 BUSINESS PHONE: 3128311070 MAIL ADDRESS: STREET 1: 200 S WACKER DR STE 700 CITY: CHICAGO STATE: IL ZIP: 60606-5802 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD SHARES INC DATE OF NAME CHANGE: 19900321 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD POWER & LIGHT CORP DATE OF NAME CHANGE: 19660905 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): March 10, 1998 PITTWAY CORPORATION (Exact name of registrant as specified in its charter) Delaware 13-5616408 (State or other jurisdiction (IRS Employer of incorporation) Identification Number) 1-4821 (Commission File Number) 200 South Wacker Drive, Suite 700, Chicago, Illinois 60606-5802 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (312) 831-1070 INFORMATION TO BE INCLUDED IN THE REPORT Item 5. Other Events On March 10, 1998, Registrant announced that a jury in the U.S. District Court in St. Paul, Minneosta handed down a verdict the previous day in ITI's patent suit against the Registrant relating to ITI's U.S. Patent 4,855,713. The patent relates to a method of entering wireless transmitter identity codes into security system control panels. The jury verdict awarded damages of approximately $36 million. The Registrant intends to appeal the verdict. The announcement is more fully described in the press release filed as Exhibit 99 hereto, the first two paragraphs and last paragraph of which press release are hereby incorporated by reference. Item 7. Financial Statements and Exhibits (c) Exhibits. Sequentially Exhibit No. Description Numbered Pages 99 Press release 3 dated March 10, 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. PITTWAY CORPORATION (Registrant) Dated: March 10, 1998 By: /s/ Paul R. Gauvreau Paul R. Gauvreau Financial Vice President and Treasurer - 2 - EX-99 2 EXHIBIT 99 PRESS RELEASE Exhibit 99 FROM: Edelman Worldwide FOR: Pittway Corporation Financial Relations 200 South Wacker Drive 200 East Randolph Drive Suite 700 Chicago, Illinois 60601 Chicago, IL 60606-5802 Phone: (312) 240-2640 Phone: (312) 831-1070 FOR IMMEDIATE RELEASE For further information contact Mark McCall at Edelman or Edward J. Schwartz at Pittway. Chicago, Illinois, March 10, 1998 -- Pittway Corporation (NYSE:PRYA) reported that a jury in the U.S. District Court in St. Paul, Minneosta yesterday handed down a verdict in ITI's patent suit against Pittway relating to ITI's U.S. Patent 4,855,713. The patent relates to a method of entering wireless transmitter identity codes into security system control panels. The jury verdict awarded damages of approximately $36 million. Pittway intends to appeal the verdict. In 1997, Pittway introduced an improved method of enrolling transmitters in its Vista series of control panels. This method was not at issue in the ITI litigation. Pittway believes that this verdict will not affect its ability to ship products and meet the needs of its customers. Pittway manufactures and distributes burglar and commercial fire alarm equipment and other low voltage products, publishes and prints trade magazines and directories and produces trade shows, conferences and direct mail marketing materials. This press release contains certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking terminology. Such statements involve risks or uncertainties, including the ultimate disposition of the foregoing matter, and are qualified in their entirety by the cautions contained in reports and documents filed by Pittway with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----