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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
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 23, 1998
Commission file number 1-977
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CBS CORPORATION
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(Exact name of registrant as
specified in its charter)
PENNSYLVANIA 25-0877540
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification Number)
51 West 52nd Street, New York, NY 10019
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(Address of principal executive offices; zip code)
(212) 975-4321
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(Registrant's Telephone No., including area code)
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Item 5. Other Events
On December 23, 1998, the Registrant issued a press release announcing the
election of David T. Mclaughlin as its non-executive Chairman, effective
January 1, 1999. A copy of the press release is attached
hereto as Exhibit 99 and is incorporated herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99 Press release issued by the Registrant on December 23,
1998, is filed as Exhibit 99 to this Report.
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 hereunto duly authorized.
CBS CORPORATION
(Registrant)
By: /s/ ANGELINE C. STRAKA
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Angeline C. Straka
Vice President, Secretary and
Deputy General Counsel
Date: December 30, 1998
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EXHIBIT INDEX
Exhibit No. Description Sequential Page No.
- ----------- ----------- -------------------
99 Press Release
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Exhibit 99
[CBS CORPORATION LOGO]
CBS CORPORATION
51 WEST 52 STREET
NEW YORK, NEW YORK 10019-6188
DAVID T. McLAUGHLIN NAMED
NON-EXECUTIVE CHAIRMAN OF CBS CORPORATION
New York, December 23, 1998 - The Board of Directors of CBS Corporation
has elected David T. McLaughlin its non-executive Chairman, effective Jan. 1,
1999.
Mr. McLaughlin has been on the Board of Westinghouse, now CBS Corporation,
since 1979. From 1987 to 1988, he served as the chairman of The Aspen Institute
and was appointed president and chief executive officer in 1988. Upon his
retirement from The Aspen Institute in 1997, he was named president emeritus.
From 1970 to 1981, Mr. McLaughlin served in various management positions at The
Toro Company, being named chairman and chief executive officer in 1977. From
1981 to 1987, he was president of Dartmouth College. In 1988, he became chairman
and chief executive officer of Orion Safety Products, a position he still
maintains.
Mr. McLaughlin is also a director of Atlantic Richfield Company, PartnerRe
Services, Ltd. and Atlas Air Inc. In addition, he serves on the Board of
Governors of the American Red Cross and the Ethics Commission of the American
Bar Association. Recently, Mr. McLaughlin was named one of Corporate America's
Outstanding Directors by Director's Alert.
* * *
Contact: Gil Schwartz
CBS Corporation
212-975-2121
