SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED
Date of Report (Date of Earliest Event Reported): July 15, 1996
NATIONSBANK CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
North Carolina 1-6523 56-0906609
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(State of Incorporation) (Commission (IRS Employer
File Number) Identification No.)
NationsBank Corporate Center, Charlotte, North Carolina 28255
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(Address of Principal Executive Offices) (Zip Code)
(704) 386-5000
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(Registrant's Telephone Number, including Area Code)
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ITEM 5. OTHER EVENTS.
Release of Second Quarter Earnings. On July 15, 1996, the Registrant
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announced financial results for the second quarter of fiscal 1996, reporting
earnings of $605 million and earnings per common share of $2.00. A copy of the
press release announcing the results of the Registrant's fiscal quarter ended
June 30, 1996 is filed as Exhibit 99.1 to this Current Report on Form 8-K.
Associates Stock Option Award Plan. On July 15, 1996, the Registrant
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announced that its Board of Directors approved a new stock option award plan for
associates. On July 1, 1996, approximately 16 million options were granted to
more than 60,000 employees, from part-time associates through the level of vice
president. A copy of the press release announcing this plan is filed as Exhibit
99.2 to this Current Report on Form 8-K.
Stock Purchase Authorizations. On July 16, 1996, the Registrant's Board of
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Directors authorized the Registrant to purchase up to 20 million shares of its
common stock, from time to time during the next 36 months, in open market or
private transactions. Acting under such authority, on July 18, 1996, the
Registrant purchased 10 million shares of its common stock pursuant to a
purchase agreement with an agent of the Registrant.
On July 16, 1996, the Registrant's Board of Directors also authorized the
Registrant to purchase in the open market, from time to time during the next 13
months, the number of shares expected to be issued for various stock option and
employee benefit plans. A copy of the press release announcing the stock
purchase authorizations is filed as Exhibit 99.3 to this Current Report on Form
8-K.
ITEM 7. EXHIBITS.
The following exhibits are filed herewith:
Exhibit No. Description of Exhibit
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99.1 Press release dated July 15, 1996 with
respect to the Registrant's financial results for
the fiscal quarter ended June 30, 1996.
99.2 Press release dated July 15, 1996 with
respect to the Registrant's newly-adopted stock
option award plan for associates.
99.3 Press release dated July 16, 1996 with
respect to the Registrant's authorizations for
purchases of shares of its stock.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
NATIONSBANK CORPORATION
By: /s/Marc D. Oken
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Marc D. Oken
Chief Accounting Officer
Dated: July 31, 1996
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EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press release dated July 15, 1996 with
respect to the Registrant's financial results for
the fiscal quarter ended June 30, 1996.
99.2 Press release dated July 15, 1996 with
respect to the Registrant's newly-adopted stock
option award plan for associates.
99.3 Press release dated July 16, 1996 with
respect to the Registrant's authorizations for
purchases of shares of its stock.