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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
Date of report (Date of earliest event reported): December 10, 1999
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TRW Inc.
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(Exact Name of Registrant as Specified in Charter)
Ohio 1-2384 34-575430
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
1900 Richmond Road, Cleveland, OH 44124
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (216) 291-7000
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On December 10, 1999, TRW Inc. (the "Company") issued a press release
announcing that the MARC(TM) product will no longer be part of the Company's
ongoing warehouse management systems business. In addition, the Company will
discontinue the sale of its Cybershield software security product line.
As a result of these actions, in the fourth quarter of 1999 the Company
will report a one-time, primarily noncash charge to earnings of approximately
$50 million aftertax. In addition, in the fourth quarter TRW to date has reduced
its holdings in RF Micro Devices (RFMD) stock to 18 percent resulting in a gain
of approximately $110 million after tax.
A copy of the press release is attached as Exhibit 99 and is
incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
(99) Press release issued by TRW Inc., dated December 10, 1999.
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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 hereunto duly authorized.
TRW Inc.
By: /s/ Kathleen A. Weigand
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Kathleen A. Weigand
Vice President, Assistant General
Counsel and Assistant Secretary
DATE: December 10, 1999
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EXHIBIT INDEX
Exhibit Number Description
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(99) Press release issued by TRW Inc., dated December 10, 1999.
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Exhibit (99)
[TRW LOGO]
NEWS RELEASE TRW Inc.
1900 Richmond Road
Cleveland, OH 44124
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Contact
Jay McCaffrey
216-291-7179
TRW ANNOUNCES CHANGES IN WAREHOUSE MANAGEMENT, SOFTWARE SECURITY PRODUCT LINES
CLEVELAND, December 10, 1999 -- TRW Inc. (NYSE: TRW) announced today that the
MARC(TM) product will no longer be part of the company's ongoing warehouse
management systems business. In addition, TRW will discontinue the sale of its
Cybershield software security product line.
As a result of these actions, in the fourth quarter of 1999 the company will
report a one-time, primarily noncash charge to earnings of approximately $50
million aftertax. In addition, in the fourth quarter TRW to date has reduced its
holdings in RF Micro Devices (RFMD) stock to 18 percent resulting in a gain of
approximately $110 million after tax. As previously announced, TRW has committed
to a continued equity position in RFMD, agreeing to maintain stock ownership of
at least 10 percent of current outstanding shares until at least May 1, 2001.
The company will honor all MARC and Cybershield product commitments while moving
forward. MARC (Material and Resource Control) is a warehouse management system
product. The Cybershield software is a proprietary product combining the
functions of an Internet firewall with added security features to protect
sensitive information. Warehouse management systems integration will continue to
be a TRW offering under TRW Global Enterprise Solutions.
TRW provides advanced-technology products and services for the global
automotive, aerospace, and information systems markets. The company's news
releases are available through TRW's corporate Web site, www.trw.com.
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