ELECTRONIC DATA SYSTEMS CORP /DE/
8-K, 1998-01-08
COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Previous: WESMARK FUNDS, 485APOS, 1998-01-08
Next: MERRILL LYNCH GLOBAL VALUE FUND INC, 24F-2NT, 1998-01-08




================================================================================



                       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): January 8, 1998



                       Electronic Data Systems Corporation
             (Exact name of registrant as specified in its charter)


        Delaware                     01-11779                   75-2548221
(State or Other Jurisdiction       (Commission                (IRS Employer
   of Incorporation)                File Number)            Identification No.)


                               5400 Legacy Drive
                            Plano, Texas 75024-3105
                    (Address of Principal Executive Offices,
                              Including Zip Code)



       Registrant's telephone number, including area code: (972) 604-6000





================================================================================



<PAGE>


Item 5.  Other Events.

         On January 8, 1998,  Electronic  Data Systems  Corporation,  a Delaware
corporation, issued the press release attached as Exhibit 99(a) hereto.

Item 7.  Financial Statements and Exhibits.

         (c)    Exhibits

         Exhibit
         Number             Description of Document
         _______            _______________________

          99(a)     Press Release of Electronic Data  Systems Corporation dated
                    January 8, 1998.









                                       2

<PAGE>



                                   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.


                                           ELECTRONIC DATA SYSTEMS CORPORATION



                                           By:     /s/ D. Gilbert Friedlander
                                                  ______________________________
                                           Name:    D. Gilbert Friedlander
                                           Title:   Senior Vice President

January 8, 1998










                                       3



                                                                Exhibit 99(a)


                                            CONTACT: Diane Coffman
                                                     (972) 605-6795
                                                     [email protected]


FOR RELEASE 3:05 p.m. CST, Thursday, January 8, 1998

CHIEF FINANCIAL OFFICER TO RETIRE FROM EDS
- --------------------------------------------------------------------------------
PLANO, Texas - EDS today announced that its chief financial  officer,  Joseph M.
("Jody")  Grant,  has decided to retire from the company on March 31,  1998,  to
pursue other interests. Grant, who has been EDS' CFO since he joined the company
in December 1990, will remain in position until his retirement.

EDS' Chairman and Chief Executive Officer Les Alberthal commented,  "I certainly
understand  and  respect  Jody's  wish  to  retire  from  EDS and  pursue  other
opportunities  at this  point in his  career,  and I wish him the very  best.  I
especially  appreciate the valuable role he played in the split-off from General
Motors,  as well as the  work he has  done to  build  an  outstanding  financial
organization  at EDS."  Alberthal  added that the company has begun an executive
search for a new CFO.

Grant  said,  "For some  time I have  wanted to be in a  position  with  broader
responsibilities, and if I am going to launch another career, now is the perfect
time. My tenure with EDS has been  gratifying,  especially in helping to achieve
two major objectives: the company's transition to independence,  and setting the
stage for its return to sound financial  performance.  I am also extremely proud
of the talented and dedicated finance team we have put in place at EDS."

                                     (more)

<PAGE>


EDS, the official  information  technology services provider for World Cup 1998,
is  a  leader  in  the  global  information  services  industry.  The  company's
approximately  100,000  employees  specialize  in  applying a range of ideas and
technologies to help business and government  customers improve their economics,
products,  services  and  relationships.  EDS,  which  serves  customers  in  42
countries,   reported  revenues  of  $14.4  billion  in  1996.  The  company  is
independent  and publicly  owned,  and its stock is traded on the New York Stock
Exchange and the London Stock  Exchange.  EDS can be visited via the Internet at
http://www.eds.com.

                





© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission