[LETTERHEAD OF WHIRLPOOL CORPORATION]
August 2, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Whirlpool Corporation - Form 8-K
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Ladies and Gentlemen:
On behalf of Whirlpool Corporation, a Delaware corporation (the "Company"),
accompanying this letter for filing (via EDGAR) with the Securities and Exchange
Commission pursuant to the Securities Exchange Act of 1934, as amended, is a
Current Report on Form 8-K dated August 2, 2000 covering the Company's mailing
of it's 1999 annual report for the Whirlpool 401(K) Plan to it's plan members.
In addition, a copy of the Form 8-K is being filed with both the New York
Stock Exchange and the Chicago Stock Exchange.
Please call if you should have any questions regarding the accompanying
filing.
Yours very truly,
/s/ Robert T. Kenagy
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
Date of Report (Date of earliest event reported) August 2, 2000
WHIRLPOOL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3932 38-1490038
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
2000 M63 North, Benton Harbor, Michigan 49022-2692
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(Address of principal executive officers) (Zip Code)
(616)-923-5000
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Registrant's telephone number, including area code
Item 5. Other Events
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On August 2, 2000, the Company commenced mailing a summary of the
annual report for the Whirlpool 401(k) Plan for the 1999 plan year that ended
December 31, 1999 to members of the Plan.
Item 7. Financial Statements and Exhibits
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Copy of annual report to members of the Whirlpool Corporation 401(k)
Plan.
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.
WHIRLPOOL CORPORATION
Registrant
Date: August 2, 2000 By: /s/ Robert T. Kenagy
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Name: Robert T. Kenagy
Title: Associate General Counsel and Secretary
1999 Annual Report
to members of the Whirlpool 401(k) Plan
This is a summary of the annual report for the Whirlpool 401(k) Plan, EIN 38-
1490038, for the 1999 plan year that ended December 31, 1999. The annual report
has been filed with the Internal Revenue Service, as required under the Employee
Retirement Income Security Act of 1974 (ERISA).
Basic financial statement
Benefits under the plan are provided by the Whirlpool 401(k) Trust. Plan
expenses were $53,392,895. These expenses included $91,930 in administrative
expenses and $53,300,965 in benefits paid to participants and beneficiaries.
There were no other expenses reported. A total of 20,123 persons were
participants in or beneficiaries of the plan at the end of the plan year.
The value of plan assets, after subtracting liabilities of the plan, was
$863,687,683 as of December 31, 1999, compared to $628,482,165 as of January 1,
1999. During the plan year, the plan experienced an increase in its net assets
of $235,205,518. This increase includes unrealized appreciation in the value of
plan assets; that is, the difference between the value of the plan's assets at
the end of the year and the value of the assets at the beginning of the year or
the cost of assets acquired during the year. The plan had total income of
$288,598,413, including employer contributions of $12,134,944, employee
contributions of $56,571,780, and earnings from investments of $219,891,689.
Minimum funding standards
The plan is not subject to the minimum funding standards of ERISA. However, a
$12,134,944 company contribution was made to the plan for the year ending
December 31, 1999.
Your rights to additional information under the SAR
You have the right to receive a copy of the full annual report, or any part
thereof, on request. To obtain a copy of the full annual report, or any part
thereof, write to the address below or call Putnam Investments at 1-888-WHR-
401k. You also have the right to receive from the plan administrator, on
request, a statement of the assets and liabilities of the plan and the
accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both. If you request a copy of the full annual report
from the plan administrator, these two statements and accompanying notes will be
included as part of the report.
You also have the legally protected right to examine the annual report at the
main office of the plan at the Administrative Center, Benton Harbor,Michigan
49022, and at the U.S. Department of Labor, upon payment of copying costs.
Requests to the Department of Labor should be addressed to: Public Disclosure
Room, N5507, Pension and Welfare
Benefit Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W.
Washington, D.C. 20210.
The Summary
Annual Report (SAR)
Under ERISA
A Cross-Reference to the Annual Report (5500)
SAR ITEM FORM 5500 LINE ITEMS
Funding arrangement 11,12
Total plan expenses 35(h)
Administrative expenses 35(g) col. b
Benefits paid 35(e)(iii) col. b
Other expenses 35(f)
Total participants 7(f)
Value of plan assets (net):
End of plan year 35(l)
Beginning of plan year 35(k)
Change in net assets 35(l) minus 35(k)
Total income 35(d)
Employer contributions 35(a)(i)(A) & 35 (a)(ii)
Employee contributions 35(a)(i)(B) & 35 (a)(ii)
Gain/Loss from sale of assets 35(b)(iv) col. b
Earnings from investments 35(b)(i)G col. b, 35(b)(ii)(B) col. b,
35(b)(iii), 35(b)(v) & 35(b)(vi)
Total insurance premiums 35(e)(ii) or Total of Schs. A Part II.
Item (5)(b)
Funding deficiency:
Defined benefit plans Sch. B, item 9(m) or 10(h)
Defined contribution plans 15(b)(iii)