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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 6, 2005
ITT INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Indiana 1-5627 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)
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ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF PRINCIPAL OFFICERS
On June 6, 2005 ITT Industries, Inc. announced that George E. Minnich,
55, currently Vice President and Chief Financial Officer of Otis Elevator
Company, a division of United Technologies Corporation, will join the company as
its Senior Vice President and Chief Financial Officer effective July 1, 2005.
Mr. Minnich assumed his current role with Otis Elevator in 2001. Prior to that
he was Vice President and Chief Financial Officer of Carrier Corporation, a
division of United Technologies Corporation, from 1996 until 2001.
Mr. Minnich will succeed Edward W. Williams as the company's Chief
Financial Officer. Mr. Williams will be retiring after 18 years with the
company.
ITEM 7.01 REGULATION FD DISCLOSURE
Attached hereto as Exhibit 99.1 and incorporated by reference herein is
a press release issued by ITT Industries, Inc. dated June 6, 2005 including the
announcement with respect to Mr. Minnich and the intention of Mr. Williams to
retire. 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.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press release dated June 6, 2005.
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 INDUSTRIES, INC.
By: /s/ Kathleen S. Stolar
-----------------------------
Kathleen S. Stolar
Its: Vice President, Secretary
and Associate General Counsel
Date: June 6, 2005
Exhibit 99.1
ITT INDUSTRIES APPOINTS GEORGE E. MINNICH CHIEF FINANCIAL OFFICER
OTIS ELEVATOR CFO TO JOIN ITT INDUSTRIES ON JULY 1
WHITE PLAINS, N.Y., June 6 /PRNewswire-FirstCall/ -- ITT Industries, Inc. (NYSE:
ITT) announced today that George E. Minnich will become Senior Vice President
and Chief Financial Officer of the corporation. Minnich is currently Vice
President and Chief Financial Officer at Otis Elevator Company, a $9 billion
division of United Technologies Corporation. He will join ITT Industries on
July 1, 2005.
"We are delighted that George Minnich is joining ITT in this important role,"
said Steven Loranger, Chairman, President and Chief Executive Officer of ITT.
"He brings extensive experience from his many years in leadership roles within
the United Technologies organization. ITT has become known for our track record
of sustained performance and the strength of our finance team. We think George
is well positioned to lead that very capable team."
Minnich succeeds Ed Williams, who will be retiring from the company after 18
years. "Ed has had a distinguished career at ITT," said Loranger. "His
razor-like focus on cash management and strategy has made him an admired leader,
both within ITT and with those who follow us in the financial community. Since
becoming CFO in 2003, he has served as the voice of ITT on Wall Street, and I
know he will be missed. He has provided outstanding support for me during the
CEO transition of the last year, and he will be assisting George during his
transition as well. We wish him a long and satisfying retirement."
Minnich, 55, held several senior finance positions during 12 years at United
Technologies. He assumed his current role at Otis Elevator in 2001. Prior to
that, Minnich was Vice President and Chief Financial Officer of Carrier
Corporation, a sister division from 1996 until 2001. He joined United
Technologies as Vice President and Corporate Controller in 1993. During his
career at United Technologies, Minnich had extensive experience and
responsibilities in managing global finance organizations in both developed and
emerging markets, including systems strategies, acquisitions and cost management
programs. Prior to joining United Technologies, Minnich was an audit partner
with Price Waterhouse (now PriceWaterhouseCoopers) and served as Chairman of
their Aerospace and Defense Industry Accounting Services Group.
Minnich is a graduate of Albright College and a Certified Public Accountant.
About ITT Industries
ITT Industries, Inc. (http://www.itt.com) supplies advanced technology products
and services in key markets including: fluid and water management including
water treatment; defense communication, opto-electronics, information technology
and services; electronic interconnects and switches; and other specialty
products. Headquartered in White Plains, NY, the company generated $6.8 billion
in 2004 sales. In addition to the New York Stock Exchange, ITT Industries stock
is traded on the Midwest, Pacific, Paris, London and Frankfurt exchanges.
For free B-roll/video content about ITT Industries, please log onto
http://www.thenewsmarket.com/ITT to preview and request video. You can receive
broadcast-standard video quality digitally or by tape from this site.
Registration and video are free to the media.
SOURCE ITT Industries, Inc.
-0- 06/06/2005
/CONTACT: Tom Glover of ITT Industries, Inc., +1-914-641-2160,
tom.glover@itt.com/
/Web site: http://www.itt.com /