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):
January 10, 2000
KANSAS CITY SOUTHERN INDUSTRIES, INC.
(Exact name of company as specified in its charter)
DELAWARE 1-4717 44-0663509
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
114 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Company's telephone number, including area code:
(816) 983 - 1303
Not Applicable
(Former name or former address if changed since last report)
Item 5. Other Events
On January 10, 2000, Kansas City Southern Industries, Inc. ("KCSI" or "Company")
announced that Stilwell Financial, Inc. ("Stilwell") has not yet received
clearance from the Securities and Exchange Commission for its Form 10
Registration Statement. Stilwell and KCSI may be required to reclassify their
subsidiary, Janus Capital Corporation, from a consolidated subsidiary to an
equity investment for financial reporting purposes. If reclassification is
required, the financial statements of KCSI and Stilwell would be restated, but
any restatement would not materially impact Stilwell's or KCSI's net income or
earnings per share.
The Company stated that the spin-off of Stilwell will be temporarily delayed
until these matters are resolved and the Form 10 Registration Statement becomes
effective.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Document
(99) Additional Exhibits
99.1 Press Release issued by Kansas City
Southern Industries, Inc. dated January
10, 2000 entitled, "Kansas City Southern
Industries, Inc. Reports Status of
Stilwell Spin-Off", is attached hereto
as Exhibit 99.1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
Kansas City Southern Industries, Inc.
Date: January 18, 2000 By: /s/ Joseph D. Monello
-------------------------------------------
Joseph D. Monello
Vice President and Chief Financial Officer
(Principal Financial Officer)
EXHIBIT 99.1
Contact: KCSI
Landon H. Rowland (816-983-1393) Kansas City Southern Industries, Inc.
Chairman, President and
Chief Executive Officer 114 West 11th Street
Kansas City, Missouri 64105
Joseph D. Monello (816-983-1213)
Vice President & Chief Financial Officer
NYSE Symbol: KSU
Release No. 2000-01: Date: January 10, 2000
NEWS RELEASE
KANSAS CITY SOUTHERN INDUSTRIES, INC.
REPORTS STATUS OF STILWELL SPIN-OFF
Kansas City, Missouri
Kansas City Southern Industries, Inc. ("KCSI" or the "Company") announced that
Stilwell Financial, Inc. ("Stilwell") has not yet received clearance from the
Securities and Exchange Commission for its Form 10 Registration Statement.
Stilwell and KCSI may be required to reclassify their subsidiary, Janus Capital
Corporation, from a consolidated subsidiary to an equity investment for
financial reporting purposes. If reclassification is required, the financial
statements of KCSI and Stilwell would be restated, but any restatement would not
materially impact Stilwell's or KCSI's net income or earnings per share.
The Company stated that the spin-off of Stilwell will be temporarily delayed
until these matters are resolved and the Form 10 Registration Statement becomes
effective.
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This news release includes statements concerning potential future events
involving the Company, which could materially differ from the events that
actually occur. The differences could be caused by a number of factors including
those factors identified in KCSI's December 31, 1998 Form 10-K and the Current
Report on Form 8-K/A dated June 3, 1997, each filed by the Company with the
Securities and Exchange Commission (Commission File No. 1-4717). The Company
will not update any forward-looking statements in this news release to reflect
future events of developments.