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): March 7, 1997 ALLEGHENY TELEDYNE INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 1-12001 25-1792394 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1000 SIX PPG PLACE, PITTSBURGH, PENNSYLVANIA 15222-5479 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 412-394-2800 Item 5. OTHER EVENTS. ------------- William P. Rutledge has resigned as a member of the registrant's Board of Directors effective March 7, 1997. As previously disclosed, Mr. Rutledge resigned his positions as the registrant's President and Chief Executive Officer on February 12, 1997 citing family reasons, and the registrant's Chairman, Richard P. Simmons was named President and Chief Executive Officer. Douglas J. Grant has resigned as the registrant's Vice President-Finance and Deputy Chief Financial Officer, effective immediately, for personal and family reasons. He continues to serve as the Vice President-Finance for the registrant's Teledyne subsidiaries. James L. Murdy, Executive Vice President-Finance and Administration and Chief Financial Officer, now also serves as the registrant's chief accounting officer. 2 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. ALLEGHENY TELEDYNE INCORPORATED March 10, 1997 By:/s/Jon D. Walton ---------------------------- Jon D. Walton Vice President, General Counsel and Secretary 3