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):
December 10, 1999
NEWPORT NEWS SHIPBUILDING INC.
(Exact name of registrant as specified in its charter)
Delaware 1-12385 74-1541566
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4101 Washington Avenue, Newport News, VA 23607
(Address of principal executive offices) (zip code)
(757) 380-2000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Newport News Shipbuilding Inc. (NYSE: NNS) announced on December 6, 1999,
its Senior Vice President and Chief Financial Officer, David Anderson, is
leaving the company on December 10, 1999 to join ITT Industries (NYSE: IIN).
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release
2
<PAGE>
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 thereunto duly authorized.
NEWPORT NEWS SHIPBUILDING INC.
Date: December 10, 1999 By: /s/ Stephen B. Clarkson
--------------------------------
Name: Stephen B. Clarkson
Title: Vice President, General
Counsel and Secretary
<PAGE>
Exhibit Index
Exhibit No. Description of Exhibit Sequential Page
Number
Exhibit 99.1 Press Release 5
CONTACT: Jerri Fuller Dickseski - (757) 380-2341
[email protected]
NNS ANNOUNCES CFO RESIGNATION
NEWPORT NEWS, Va., December 6, 1999 - Newport News Shipbuilding (NYSE:
NNS) announced today that its Chief Financial Officer, David Anderson, is
leaving the company on December 10 to join ITT Industries (NYSE: IIN).
In making the announcement, NNS Chairman and CEO William P. Fricks
stated, "Dave has done an outstanding job at NNS and will be missed. Since
joining the company in 1996, he has made a tremendous contribution to our
becoming a stand-alone public company and the significant returns we have
delivered to shareholders. His financial leadership has also been very
instrumental in helping the company successfully position itself for continued
solid performance. We wish Dave the best in his new opportunity."
The company also announced that it will conduct a search to replace the
CFO which will include internal and external candidates.
Newport News Shipbuilding designs and constructs nuclear-powered
aircraft carriers and submarines for the U.S. Navy and provides life cycle
maintenance services for ships in the Navy fleet. The company employs nearly
17,600 people and has annual revenues of approximately $1.8 billion. Visit NNS
on the Web at www.nns.com.
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