Page 1
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)
August 28, 1997
FMC CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-2376 94-0479804
- ---------------------------- ----------- -------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number Identification No.)
200 East Randolph Drive, Chicago, Illinois 60601
------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(312) 861-6000
------------------------------
Registrant's telephone number,
including area code
PAGE 2
Item 5. Other Events
On August 28, 1997, FMC Corporation issued the following release:
FMC CORPORATION ANNOUNCES A $500 MILLION OPEN-MARKET SHARE REPURCHASE PROGRAM
CHICAGO August 28, 1997 -- FMC Corporation today announced that its board of
directors granted the company authority to repurchase $500 million of its common
stock in the open market. The program begins immediately and is expected to be
completed by the end of 1999.
FMC Chairman and Chief Executive Officer Robert N. Burt said: "We continue to
focus on growing our businesses; however, we believe that our cash flow
currently exceeds our needs. We also believe that returning funds to
shareholders through a share repurchase program will maximize shareholder
value."
FMC Corporation is one of the world's leading producers of chemicals and
machinery for industry, government and agriculture. The company divides its
businesses into three major segments: Performance Chemicals, Industrial
Chemicals, and Machinery and Equipment.
Safe Harbor Statement under the Private Securities Litigation Act of 1995:
Statements in this news release that are forward-looking statements are subject
to various risks and uncertainties including but not limited to economic
conditions, product demand and industry capacity, competitive products and
pricing, manufacturing efficiencies, new product development, availability and
price of raw materials and critical manufacturing equipment, new plant startups,
the regulatory and trade environment and other risks indicated in the
corporation's 10-K report and other SEC filings. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The corporation does not intend to update this
information and disclaims any legal liability to the contrary.
PAGE 3
SIGNATURES
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 thereunto duly authorized.
FMC CORPORATION
By: /s/ J. Paul McGrath
-------------------------------------
Senior vice president, general
counsel and secretary
Date August 28, 1997