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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
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 28, 1997
Commission file number 1-977
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WESTINGHOUSE ELECTRIC CORPORATION
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(Exact name of registrant as
specified in its charter)
PENNSYLVANIA 25-0877540
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
Westinghouse Building, 11 Stanwix Street, Pittsburgh, Pennsylvania 15222-1384
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(Address of principal executive offices; zip code)
(412) 244-2000
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(Registrant's Telephone No., including area code)
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Item 5. Other Events
On July 28, 1997, the Registrant issued a press release concerning
earnings for the quarter and six months ended June 30, 1997. A copy of the
press release is attached hereto as Exhibit 99.1 and is incorporated herein. On
July 14, 1997, the Registrant filed Form 10-K/A, Amendment No. 1 to the
Registrant's 1996 Form 10-K. In this Form 10-K/A, the Registrant restated the
Corporation's loss from Continuing Operations for the periods 1992 through 1996
and related per share amounts. See note 24 to the financial statements of Form
10-K/A, Amendment No. 1. In connection with this action, the income statement
for the Registrant has been restated for 1996 and 1995, by quarter, and total
year 1994, 1993, and 1992. A copy of the restated condensed consolidated
statement of income for these time periods is attached hereto as Exhibit 99.2
and is incorporated herein in its entirety. Also in connection with this
action, the Registrant has restated segment results for 1996 and 1995 by
quarter, to allow comparisons between the segments. Total year 1994, 1993, and
1992 segment results have also been restated. A copy of the restated segment
financial results for these periods is attached hereto as Exhibit 99.3 and is
incorporated herein in its entirety. Also in connection with the restatement of
the Corporation's loss from Continuing Operations for the periods 1992 through
1996 in the Registrant's Form 10-K/A, Amendment No. 1, filed July 14, 1997,
special items included in results of operations for 1996, by quarter, have been
restated. Special items for 1996, by quarter, and total year 1996, 1995, and
1994 have been attached hereto as Exhibit 99.4 and have been incorporated
herein in their entirety.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit No.
99.1 Press Release concerning earnings of the Registrant for the
quarter and six months ended June 30, 1997 is filed as
Exhibit 99.1 to this Report.
99.2 Condensed Consolidated Statement of Income for the 1997 first
and second quarters, 1996 and 1995, by quarter, and total year
1994, 1993, and 1992 is filed as Exhibit 99.2 to this Report.
99.3 Segment Results for the 1997 first and second quarters, 1996
and 1995, by quarter, and total year 1994, 1993, and 1992 is
filed as Exhibit 99.3 to this Report.
99.4 Special items included in results of operations for 1996, by
quarter, and total year 1996, 1995, and 1994 is filed as
Exhibit 99.4 to this Report.
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.
WESTINGHOUSE ELECTRIC CORPORATION
(Registrant)
By: /s/ Carol V. Savage
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Carol V. Savage
Vice President and
Chief Accounting Officer
Date: July 28, 1997
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EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
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99.1 Press Release
99.2 Condensed Consolidated Statement
of Income for the 1997 first and
second quarters, 1996 and 1995,
by quarter, and total year 1994,
1993, and 1992.
99.3 Segment Results for the 1997 first
and second quarters, 1996 and 1995,
by quarter, and total year 1994, 1993,
and 1992.
99.4 Special items included in results of
operations for 1996, by quarter, and
total year 1996, 1995, and 1994.