-----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, E+5xCfjIphC2HF2hLJC+lymG3NYFZZaLHEwBQOcXDoqpr0cyj0GizdbWCcsMUKcP Z5m7wdLH2pSeKwhJ/bUYfw== 0000098246-06-000122.txt : 20060831 0000098246-06-000122.hdr.sgml : 20060831 20060831140741 ACCESSION NUMBER: 0000098246-06-000122 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060831 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060831 DATE AS OF CHANGE: 20060831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIFFANY & CO CENTRAL INDEX KEY: 0000098246 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-JEWELRY STORES [5944] IRS NUMBER: 133228013 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09494 FILM NUMBER: 061067919 BUSINESS ADDRESS: STREET 1: 727 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122305317 MAIL ADDRESS: STREET 1: 727 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 form8k_083106repur.txt FORM 8-K PRESS RELEASE EXPAND REPURCHASE PROG UNITED STATES 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: August 31, 2006 TIFFANY & CO. (Exact name of Registrant as specified in its charter) Delaware 1-9494 13-3228013 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 727 Fifth Avenue, New York, New York 10022 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 755-8000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events. On August 31, 2006, Registrant issued a press release announcing that the Board of Directors of Tiffany & Co. (NYSE-TIF) has extended the expiration date of the Company's current share repurchase program and has authorized a substantial increase in the amount of shares that may be repurchased. Item 9.01. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated August 31, 2006. 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 thereunto duly authorized. TIFFANY & CO. BY: /s/ Patrick B. Dorsey _______________________________________ Patrick B. Dorsey Senior Vice President, General Counsel and Secretary Date: August 31, 2006 EXHIBIT INDEX Exhibit No. Description 99.1 Text of Press Release issued by Tiffany & Co., dated August 31, 2006 EX-99 2 ex99_1.txt PRESS RELEASE 8-31-06 EXPAND REPURCHASE PROGRAM Exhibit 99.1 TIFFANY & CO. NEWS RELEASE Fifth Avenue & 57th Street Contacts: New York, N.Y. 10022 --------- James N. Fernandez (212)230-5315 Mark L. Aaron (212)230-5301 TIFFANY EXPANDS ITS SHARE REPURCHASE PROGRAM; --------------------------------------------- BOARD INCREASES AUTHORIZATION BY $700 MILLION --------------------------------------------- New York, N.Y., August 31, 2006 - Tiffany & Co. (NYSE: TIF) today reported that its Board of Directors has extended the expiration date of the Company's current share repurchase program and has authorized a substantial increase in the amount of shares that may be repurchased. The program has been extended and is now scheduled to expire in December 2009. In addition, the Board has authorized the Company to repurchase up to an additional $700 million of the Company's common stock. The current repurchase program was authorized in March 2005 to repurchase up to $400 million of the Company's common stock and was scheduled to expire in March 2007. Through July 31, 2006, the Company had spent approximately $287 million to repurchase 8,254,326 shares of its common stock at an average cost of $34.82 per share. The Board's latest action will enable the Company to repurchase up to $813 million of the Company's common stock from this date forward. Tiffany had approximately 138 million shares of common stock outstanding at July 31, 2006. Michael J. Kowalski, chairman and chief executive officer, said, "The Board has confidence in Tiffany's growth potential and ability to maintain financial strength, and believes this action represents an appropriate way to return excess capital to shareholders." Company Description - ------------------- Tiffany & Co. operates jewelry and specialty retail stores and manufactures products through its subsidiary corporations. Its principal subsidiary is Tiffany and Company. The Company operates TIFFANY & CO. retail stores and boutiques in the Americas, Asia-Pacific and Europe and engages in direct selling through Internet, catalog and business gift operations. Other operations include consolidated results from ventures operated under trademarks or tradenames other than TIFFANY & CO. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110. 1 This document contains certain "forward-looking" statements concerning the Company's objectives and expectations. Actual results might differ materially from those projected in the forward-looking statements. Information concerning risk factors that could cause actual results to differ materially is set forth in the Company's 2005 Annual Report on Form 10-K and in other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events or circumstances. # # # 2 -----END PRIVACY-ENHANCED MESSAGE-----