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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
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Date of Report (Date of earliest
event reported): July 14, 1998
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HARRIS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3863 34-0276860
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
1025 West NASA Blvd., Melbourne, FL 32919
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (407) 727-9100
No Change
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(Former name or former address, if changed since last report.)
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Items 1-4. Not Applicable.
Item 5. OTHER EVENTS.
On July 20, 1998, Harris Corporation announced that it is
implementing restructuring actions to improve its competitiveness and financial
performance in its semiconductor sector and other segments. The actions will
result in a restructuring charge and other one-time charges totaling $142
million pre-tax against fiscal 1998 fourth-quarter earnings. A copy of the
press release is filed herewith as Exhibit 99(a) and is incorporated herein by
reference.
On July 14, 1998, Harris Corporation announced that its Lanier
Worldwide, Inc. subsidiary had completed its previously announced acquisition of
the assets of the Copying Systems Business Unit of the Agfa-Gevaert Group, which
is a member of the Bayer Group, Leverkusen, Germany. The acquisition doubles
Lanier's presence and market share in the European office equipment market. A
copy of the press release is filed herewith as Exhibit 99(b) and is incorporated
herein by reference.
Item 6. Not Applicable.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following documents are filed as Exhibits to this Report:
99(a). Press Release, dated July 20, 1998, announcing the
restructuring of the semiconductor business and other
segments.
99(b). Press Release, dated July 14, 1998, announcing the completion
of the acquisition of the Copying Systems Business Unit of the
Agfa-Gevaert Group.
Items 8-9. Not Applicable.
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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.
HARRIS CORPORATION
By: /s/ Bryan R. Roub
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Name: Bryan R. Roub
Title: Senior Vice President & Chief Financial Officer
Date: July 21, 1998
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EXHIBIT INDEX
Exhibit No.
Under Reg. S-K,
Item 601 Description
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99(a) Press Release, dated July 20, 1998, announcing the
restructuring of the semiconductor business and other
segments.
99(b) Press Release, dated July 14, 1998, announcing the
completion of the acquisition of the Copying Systems
Business Unit of the Agfa-Gevaert Group.
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