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, 2000
WACHOVIA CORPORATION
(Exact name of registrant as specified in its charter)
NORTH CAROLINA No. 1-9021 No. 56-1473727
(State or other jurisdiction of (Commission File Number) (IRS Employer
incorporation) Identification No.)
100 North Main Street, Winston-Salem, NC 27101
191 Peachtree Street NE, Atlanta, GA 30303
(Address of principal executive offices)
Registrant's telephone number, including area code:
Winston-Salem 336-770-5000
Atlanta 404-332-5000
Not applicable.
(Former name or former address, if changed since last report)
Items 1 - 4. Not Applicable.
Item 5. Other Events
On August 28, 2000, Wachovia Corporation (the "Corporation") issued the
news release attached hereto as Exhibit 99.1 (the "News Release"). The News
Release is incorporated herein by reference.
The News Release contains forward-looking statements regarding the
Corporation, including, without limitation, statements relating to the
Corporation's expectations with respect to revenue, earnings and expense
reductions. Words such as "may", "could", "would", "should", "believes",
"expects", "anticipates", "estimates", "intends", "plans", "targets" or similar
expressions are intended to identify forward-looking statements. These
forward-looking statements are not guarantees of future performance and involve
certain risks and uncertainties that are subject to change based on various
factors (many of which are beyond the Corporation's control). The following
factors, among others, could cause the Corporation's financial performance to
differ materially from the expectations expressed in such forward-looking
statements: (1) business increases, productivity gains and other investments are
lower than expected or do not pay for severance or other related costs as
quickly as anticipated; (2) competitive pressures among financial service
companies increase significantly; (3) the strength of the United States economy
in general and the strength of the local economies of the States in which the
Corporation conducts operations; (4) the effects of, and changes in, trade,
monetary and fiscal policies and laws, including interest rate policies of the
Board of Governors of the Federal Reserve System; (5) inflation, interest rate,
market and monetary fluctuations; (6) adverse conditions in the stock market,
the public debt market and other capital markets, and the impact of such
conditions on the Corporation's activities; (7) the timely development of
competitive new products and services by the Corporation and the acceptance of
these products and services by new and existing customers; (8) the impact of
changes in financial services' laws and regulations; (9) changes in
technological; (10) changes in consumer spending and saving habits; (11)
unanticipated regulatory or judicial proceedings; and (12) the success of the
Corporation at managing the risks involved in the foregoing. Additional
information with respect to factors that may cause actual results to differ
materially from those contemplated by such forward-looking statements is
included in the reports filed by the Corporation with the Securities and
Exchange Commission. The Corporation cautions that the foregoing list of factors
is not exclusive and not to place undue reliance on forward-looking statements.
The Corporation does not intend to update any forward-looking statement, whether
written or oral, relating to the matters discussed in the News Release.
Item 6. Not Applicable.
Item 7. Exhibits.
99.1 News Release, dated August 28, 2000, issued by Wachovia
Corporation.
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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.
WACHOVIA CORPORATION
By: /s/ Robert S. McCoy, Jr.
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Name: Robert S. McCoy, Jr.
Title: Vice-Chairman, Chief Financial Officer
and Treasurer
Date: August 28, 2000
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