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 (Date of earliest event reported): June 11, 2007
ITT CORPORATION
(Exact name of registrant as specified in its charter)
Indiana 1-5672 13-5158950
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4 West Red Oak Lane
White Plains, New York 10604
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including area code: (914) 641-2000
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))
Not Applicable
(Former name or former address, if changed since last report)
Item 7.01 Regulation FD Disclosure
The following information is furnished pursuant to Item 7.01 Regulation FD
Disclosure. This information shall not be deemed filed for purposes of Section
18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or
incorporated by reference into any filing under the Securities Act of 1933, as
amended, or the Exchange Act, except as shall be expressly set forth by specific
reference in such filing.
During his speech at the JP Morgan Basics and Industrial Conference on
June 12, 2007, George Minnich, ITT Corporation's Chief Financial Officer, will
provide an update on the current state of the Company's businesses, including a
reorganization of the Company's Fluid Technology group designed to more
effectively leverage sales and distribution channels. Under this new structure
most of the Advanced Water Treatment business has been combined with the
Company's global wastewater operations. The change is not expected to impact the
Company's current 2007 financial forecast. A copy of the press release regarding
this presentation is attached and incorporated by reference herein as Exhibit
99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 Press release issued June 11, 2007 by ITT Corporation
2
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 hereunto duly authorized.
ITT CORPORATION
By:
------------------------------
Kathleen S. Stolar
Its: Vice President, Secretary
and Associate General Counsel
Date: June 11, 2007
3
LOGO
ITT Corporation
4 West Red Oak Lane
White Plains, NY 10604
tel 914 641 2000
fax 914 696 2977
Press Release
Contact:
Angela Buonocore
914 641 2157
angela.buonocore@itt.com
ITT's CFO George Minnich to Speak at JP Morgan Conference
White Plains, N.Y., June 11, 2007 - George Minnich, Chief Financial Officer of
ITT Corporation (NYSE:ITT), will present at the JP Morgan Basics and Industrial
Conference on Tuesday, June 12, 2007. His comments will begin at 10:45 a.m. EDT.
Mr. Minnich will provide an update on the current state of the business and will
discuss a reorganization within the Company's Fluid Technology group designed to
leverage its sales and distribution channels more effectively. In the new
structure, most of the Company's Advanced Water Treatment business has been
combined with its global wastewater operations. This change is not expected to
impact the Company's current 2007 financial forecast.
Mr. Minnich's entire presentation will be webcast live at: www.itt.com/ir.
About ITT Corporation
ITT Corporation (www.itt.com) supplies advanced technology products and services
in several growth markets. ITT is a global leader in the transport, treatment
and control of water, wastewater and other fluids. The company plays a vital
role in international security through its defense communications and
electronics products; space surveillance and intelligence systems; and advanced
engineering and related services. It also serves the growing leisure marine and
electronic components markets with a wide range of products. Headquartered in
White Plains, N.Y., the company generated $7.8 billion in 2006 sales. In
addition to the New York Stock Exchange, ITT Corporation stock is traded on the
Euronext and Frankfurt exchanges.
"Safe Harbor Statement" under the Private Securities Litigation Reform Act of
1995 ("the Act"): Certain material presented herein includes forward-looking
statements intended to qualify for the safe harbor from liability established by
the Act. These forward-looking statements include statements that describe the
Company's business strategy, outlook, objectives, plans, intentions or goals,
and any discussion of future operating or financial performance. Whenever used,
words such as "anticipate," "estimate," "expect," "project," "intend," "plan,"
"believe," "target" and other terms of similar meaning are intended to identify
such forward-looking statements. Forward-looking statements are uncertain and to
some extent unpredictable,
and involve known and unknown risks, uncertainties and other important factors
that could cause actual results to differ materially from those expressed in, or
implied from, such forward-looking statements. Factors that could cause results
to differ materially from those anticipated by the Company include general
global economic conditions, decline in consumer spending, interest and foreign
currency exchange rate fluctuations, availability of commodities, supplies and
raw materials, competition, acquisitions or divestitures, changes in government
defense budgets, employment and pension matters, contingencies related to actual
or alleged environmental contamination, claims and concerns, intellectual
property matters, personal injury claims, governmental investigations, tax
obligations, and changes in generally accepted accounting principles. Other
factors are more thoroughly set forth in Item 1. Business, Item 1A. Risk
Factors, and Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations - Forward-Looking Statements in the ITT Corp. Annual
Report on Form 10-K for the fiscal year ended December 31, 2006, and other of
its filings with the Securities and Exchange Commission. The Company undertakes
no obligation to update any forward-looking statements, whether as a result of
new information, future events or otherwise.
###