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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
September 16, 1994
(Date of earliest event reported)
ITT CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 13-5158950
(State or other jurisdiction of 1-5627 (I.R.S. Employer
incorporation or organization) (Commission File Number) Identification Number)
1330 AVENUE OF THE AMERICAS, NEW YORK, NEW YORK 10019-5490
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(212) 258-1000
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ITEM 5. OTHER EVENTS.
On September 16, 1994, ITT confirmed plans to seek offers for the
purchase of its ITT Financial Corporation subsidiary. The results of the
subsidiary will be reported by ITT as "Discontinued Operations" on a one-line
after tax basis commencing with ITT's financial reports for the quarterly
period ended September 30, 1994.
ITT Financial Corporation is one of the leading finance companies in
North America offering a variety of financial services to businesses and
individuals, including inventory and accounts receivable financing; commercial
equipment and real estate loans; small business loans; home equity, mortgage
and consumer loans; and related insurance products. ITT Financial had 1993
revenues of $1.44 billion and operating income of $271 million. Total assets
at year-end 1993 were $11.6 billion.
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.
ITT CORPORATION
By /s/ Walter F. Diehl, Jr.
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Walter F. Diehl, Jr.
Vice President, Associate
General Counsel and
Assistant Secretary
Dated: October 20, 1994
