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 earliest event reported) August 8, 1997 Commission Registrant, State of Incorporation, I.R.S. Employer File Number Address and Telephone Number Identification No. - ---------- ----------------------------------- ------------------ 1-11299 ENTERGY CORPORATION 72-1229752 (a Delaware corporation) 639 Loyola Avenue New Orleans, Louisiana 70113 Telephone (504) 529-5262 Item 5. Other Information Entergy Corporation Reference is made to Entergy Corporation's Annual Report on Form 10-K for the year ended December 31, 1996, for information regarding a petition filed by Catalyst Technologies, Inc. ("CTI") against Electec, Inc., now named Entergy Enterprises, Inc. ("Entergy Enterprises"). On August 8, 1997, a jury sitting in the Civil District Court for the Parish of Orleans, Louisiana returned a verdict against Entergy Enterprises in the amount of $346 million. CTI alleged that Entergy Enterprises had agreed to transfer computer software to CTI but breached its obligation to do so. The verdict represents CTI's claim of lost profits for a product that was never sold or marketed. Entergy Enterprises contended that it was not obligated to transfer the technology and that the claim for lost profits is totally speculative. Entergy Enterprises does not believe that the jury verdict is supported by the law and facts of the case, and will vigorously pursue its right to overturn the verdict. Entergy Enterprises will file a motion for judgment notwithstanding the verdict and will pursue other post trial remedies within the time allowed. Entergy Enterprises is a non-utility subsidiary of Entergy Corporation ("Entergy"). Entergy's net investment in Entergy Enterprises is $ 91 million. Entergy believes that the verdict will be overturned on appeal or that the judgment will be significantly reduced and, therefore, believes that the ultimate outcome of this case will not have a material adverse effect on Entergy or any of its other domestic or international subsidiaries. SIGNATURE Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ENTERGY CORPORATION By: /s/Louis E. Buck, Jr ---------------------- Louis E. Buck, Jr. Dated: August 11, 1997