-----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, KHWBYzaLyJ8uCLTlEBKEpxWrMigop5trjs/CFNucVlsmTk7v75Rnx3e0LiMsgQsV TlbJvLVEw50EJvi1q0qGXw== 0000098246-10-000023.txt : 20100121 0000098246-10-000023.hdr.sgml : 20100121 20100121162318 ACCESSION NUMBER: 0000098246-10-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100121 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100121 DATE AS OF CHANGE: 20100121 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: 10539101 BUSINESS ADDRESS: STREET 1: 727 FIFTH AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2122305321 MAIL ADDRESS: STREET 1: 727 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 form8k_012110.txt 8K 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: January 21, 2010 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 January 21, 2010, Registrant issued a press release announcing that its Board of Directors has declared a 18% increase in the quarterly dividend rate on its Common Stock. This action increases the rate from $0.17 per share to a new rate of $0.20 per share, effective with the next payment in April. Registrant also announced that the repurchasing of its shares of Common Stock will resume. The current program has $402 million of its Common Stock available for repurchase. The current program expires in January 2011. A copy of the January 21, 2010 press release is attached hereto as Exhibit 99.1 to this Form 8-K. Item 9.01. Financial Statements and Exhibits. (c) Exhibits 99.1 Press Release dated January 21, 2010. 1 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: January 21, 2010 2 EXHIBIT INDEX Exhibit No. Description 99.1 Text of Press Release issued by Tiffany & Co., dated January 21, 2010. EX-99 2 ex99_1.txt PRESS RELEASE 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 ANNOUNCES CHANGE IN DIVIDEND POLICY: -------------------------------------------- QUARTERLY PAYMENT TO INCREASE 18 PERCENT; ----------------------------------------- COMPANY WILL RESUME SHARE REPURCHASES ------------------------------------- New York, January 21, 2010 - The Board of Directors of Tiffany & Co. (NYSE: TIF) today approved a change in the Company's dividend policy whereby the regular quarterly dividend rate will be increased, effective with the next payment in April, to 20 cents per share on its Common Stock from the current 17 cents per share, an increase of 18%. The Company also announced that it will resume repurchasing its shares of Common Stock on the open market. Repurchases have been suspended since the third quarter of 2008. There remains $402 million available for repurchases under a currently authorized program that expires in January 2011. Michael J. Kowalski, chairman and chief executive officer, said "Last week, we were pleased to report a better-than-expected 17% increase in Holiday sales and we raised our outlook for 2009 earnings. Both of these actions today reflect Tiffany's strong balance sheet liquidity, as well as the Board's confidence in our long-term ability to generate solid growth in earnings and cash flow." Company Description Tiffany & Co. operates jewelry 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. For additional information, please visit www.tiffany.com or call our shareholder information line at 800-TIF-0110. # # # -----END PRIVACY-ENHANCED MESSAGE-----