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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) January 30, 1995
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THE WACKENHUT CORPORATION
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(Exact name of registrant as specified in its charter)
Florida 0-2514 59-0857245
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(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation) File Number) Identification No.)
1500 San Remo Avenue, Coral Gables, FL 33146
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (305) 666-5656
FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST
REPORT.
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ITEM 5. OTHER EVENTS
On January 30, 1995, the Corporation announced that it will take a special,
one-time charge in the fourth quarter of fiscal 1994, to provide for a loss
resulting from the impairment in the value of its headquarters building in
Coral Gables, Florida. The charge is expected to be about $8.7 million ($5.4
million after taxes), or $0.56 per share.
The impairment loss is related to management's decision to sell the
Corporation's headquarters building in Coral Gables, Florida. It is anticipated
that the sale will generate approximately $15 million in cash and tax benefits.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE WACKENHUT CORPORATION
Date: February 3, 1995 /s/ Richard C. DeCook
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Richard C. DeCook
Senior Vice President - Finance
and Chief Financial Officer
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