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):
July 12, 1999
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 July 12, 1999, Kansas City Southern Industries, Inc. ("KCSI" or "Company")
announced that the Internal Revenue Service has issued a favorable tax ruling on
the Company's anticipated "tax-free" spin-off of its financial services
companies.
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 July 12,
1999, entitled, "IRS Provides Favorable
Ruling on Separation", 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: July 16, 1999 By: /s/ Louis G. Van Horn
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Louis G. Van Horn
Vice President and Comptroller
(Principal Accounting Officer)
EXHIBIT 99.1
Contact: KCSI
Landon H. Rowland (816-983-1393) Kansas City Southern Industries, Inc.
Chairman, President and CEO 114 West 11th Street
Kansas City, Missouri 64105
Joseph D. Monello (816-983-1213)
Vice President & Chief Financial Officer NYSE Symbol: KSU
Release No.: 1999-06: Date: July 12, 1999
NEWS RELEASE
IRS PROVIDES FAVORABLE RULING ON SEPARATION
Kansas City, Missouri
Kansas City Southern Industries, Inc. ("KCSI") today announced that the
Internal Revenue Service has issued a favorable ruling on the Company's
anticipated "tax-free" spin-off of its financial services companies.
Janus Capital Corporation, Berger Associates, Inc., Nelson Money Managers
plc and KCSI's 32% ownership of DST Systems, Inc. have been contributed to a new
holding company, "Stilwell Financial, Inc." which is the company that is to
separated from KCSI. It is contemplated that Stilwell Financial, Inc. will be
listed on the NYSE and, at about the time of the separation, will begin trading
under the symbol "SV".
KCSI anticipates the spin-off will occur during the fourth quarter of 1999.
Following the transaction, KCSI will continue to own and operate its rail
transportation companies, trading under the symbol of "KSU".
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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 a current report on Form 8-K dated June 3, 1997
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 or developments.
. . . . The End