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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): April 30, 1999
UNITED TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
001-00812 06-0570975
(Commission File No.) (IRS Employer Identification No.)
United Technologies Building, One Financial Plaza
Hartford, Connecticut 06101
(Address of principal executive offices, including ZIP code)
(860) 728-7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
On April 30, 1999, United Technologies Corporation, a Delaware
corporation (the "Company"), issued a press release announcing that the Board of
Directors of the Company has approved a two-for-one split of the Company's
common stock, par value $1.00 per share (the "Common Stock"), in the form of a
dividend.
The foregoing description of the press release is qualified in its
entirety by reference to the press release, a copy of which is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
In accordance with Rule 416 of the Commission's rules under the
Securities Act of 1933, as amended, and the Commission Staff's telephone
interpretation manual, the Company hereby adjusts the number of shares of Common
Stock registered with the Commission on Form S-3 (333-26331) for issuance
pursuant to the Company's Shareowner Dividend Reinvestment and Stock Purchase
Plan from 1,000,000 shares to 2,000,000 shares to reflect the stock split.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS
(c) Exhibits.
99.1 Press Release, dated as of April 30, 1999 issued by United
Technologies Corporation.
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.
Dated: May 4, 1999
UNITED TECHNOLOGIES CORPORATION
By: /s/ William H. Trachsel
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Name: William H. Trachsel
Title: Senior Vice President, General Counsel
and Secretary
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EXHIBIT LIST
Exhibit Description
No.
99.1 Press Release, dated as of April 30, 1999 issued by United
Technologies Corporation.
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NEWS [UNITED TECHNOLOGIES LOGO]
United Technologies Corporation
United Technologies Building
Hartford, Connecticut 06101
Contact: Peter Dalpe For Immediate Release
(860) 728-7912
UNITED TECHNOLOGIES CORP. DECLARES TWO FOR ONE STOCK SPLIT
HARTFORD, Conn., April 30 - The board of directors of United Technologies
Corp. (NYSE:UTX) has approved a two for one split of UTC common stock in the
form of a stock dividend.
In addition, the directors declared a regular quarterly cash dividend of
$0.36 on the pre-split common shares.
Both the stock dividend and the cash dividend will be payable to
shareholders of record at the close of business May 7. The stock dividend will
be issued May 17, 1999 and the cash dividend will be paid June 10, 1999.
The directors also declared a regular quarterly dividend of $1.20 a share
on the convertible preferred stock held under the corporation's Employee Stock
Ownership Plan. The dividend is payable June 10, 1999 to owners of record at the
start of business June 10, 1999.
The board also doubled the outstanding authorization for the repurchase of
UTC common stock in keeping with the stock split.
United Technologies Corp. provides a broad range of high
technology products and support services to the building systems,
automotive, and aerospace industries.
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