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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): October 22, 1997
WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-6214 No. 13-2553920
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
420 Montgomery Street, San Francisco, California 94163
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 1-800-411-4932
Not applicable
(Former name or former address, if changed since last report)
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Item 5: OTHER EVENTS
Attached hereto as Exhibit 99 is a Press Release announcing Wells
Fargo & Company's additional share repurchase authorization and
quarterly common stock dividend.
Item 7: FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Copy of the Press Release announcing Wells Fargo & Company's
additional share repurchase authorization and quarterly common
stock dividend.
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, on October 22, 1997.
WELLS FARGO & COMPANY
By: FRANK A. MOESLEIN
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Frank A. Moeslein
Executive Vice President and Controller
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NEWS RELEASE [LOGO]
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FOR IMMEDIATE RELEASE
Tues., Oct. 21, 1997
WELLS FARGO ANNOUNCES ADDITIONAL SHARE REPURCHASE AND DECLARES DIVIDEND ON
COMMON STOCK
The Board of Directors of Wells Fargo & Co. (NYSE:WFC) today authorized the
repurchase of up to 8.6 million additional shares of the Company's outstanding
common stock, representing approximately 10 percent of Wells Fargo's outstanding
common shares. This action reflects the Company's strong capital position and
will continue to allow Wells Fargo to effectively manage its overall capital
position in the best interests of its shareholders. The Company announced no
date for completing the program and will purchase shares from time to time,
subject to market conditions. This authorization continues a repurchase program
begun in 1994.
The Company has bought in the past, and will continue to buy, shares to offset
stock issued or expected to be issued under its employee benefit and dividend
reinvestment plans. These repurchases will not be counted as part of the 10
percent authorized for repurchase.
The Board of Directors also declared a regular quarterly dividend on common
stock of $1.30 per share. The dividend will be payable November 20, 1997 to
shareholders of record at the close of business October 31, 1997.
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