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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) February 20, 1995
WHIRLPOOL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3932 38-1490038
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(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) number) Identification No.)
2000 M63 North, Benton Harbor, Michigan 49022-2692
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(Address of principal executive officers) (Zip Code)
(616)-923-5000
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Registrant's telephone number, including area code
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Item 5. Other Events
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On February 20, 1995 the registrant announced the resignation of Harry
W. Bowman, Executive Vice President from the Company.
On February 21, 1995 the registrant announced an increase in its
quarterly per-share dividend by 11.5 percent, to 34 cents.
On February 22, 1995 the registrant announced the resignation of
Didier Pineau-Valencienne from its board of directors.
Item 7. Financial Statements and Exhibits
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Exhibit 1
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Copy of a press release dated February 21, 1995 announcing the
increase of the Company's quarterly per-share dividend.
Exhibit 2
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Copy of a press release dated February 22, 1995 announcing the
resignation of Didier Pineau-Valencienne.
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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.
WHIRLPOOL CORPORATION
Registrant
Date: February 27, 1995 By: /s/ Daniel F. Hopp
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Name: Daniel F. Hopp
Title: Vice President, General
Counsel and Secretary
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[LOGO OF WHIRLPOOL CORPORATION]
NEWS RELEASE
Contact: T.R. Reid
616/923-3417
WHIRLPOOL BOARD RAISES QUARTERLY DIVIDEND BY 11.5 PERCENT
BENTON HARBOR, Mich. -- Feb. 21, 1995 -- Whirlpool Corporation (NYSE:WHR)
directors, meeting today in Chicago, voted to increase the company's quarterly
per-share dividend by 11.5 percent, to 34 cents. The action marked the second
time in 20 months that Whirlpool has raised its dividend payment.
Chairman and CEO David R. Whitwam said confidence in the company's future was
behind the increase.
"Our businesses in North America, Europe, Latin America and Asia made major
moves in 1994 to strengthen their competitive positions going forward," said
Whitwam. "And they did so while turning in their best operating results ever.
"Our global position is unmatched in the home-appliance industry today, and
it's that base from which we've pledged to create superior long-term value for
our shareholders. The dividend increase is another payment on that pledge."
Whirlpool last boosted its dividend effective June 1993, from 27.5 to 30.5
cents per share. The increase announced today will be reflected in the
quarterly dividend payment scheduled for March 15 to shareholders of record on
March 3.
The board also fixed March 3 as the record date for the annual meeting of
Whirlpool stockholders, to be held in Chicago on April 18.
Whirlpool Corporation is the world's leading manufacturer and marketer of
major home appliances. Headquartered in Benton Harbor, the company manufactures
in 11 countries and markets products under 10 major brand names in more than 120
countries.
# # # #
Administrative Center Benton Harbor, Michigan 49022
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[LOGO OF WHIRLPOOL CORPORATION]
NEWS RELEASE
Contact: T.R. Reid
616/923-3417
PINEAU-VALENCIENNE RESIGNS FROM WHIRLPOOL CORPORATION BOARD
BENTON HARBOR, Mich. -- Feb. 22, 1995 -- Didier Pineau-Valencienne yesterday
resigned from the Whirlpool Corporation (NYSE:WHR) board of directors. Pineau-
Valencienne, a director since August 1992, is chairman and chief executive
officer of France's Schneider SA.
Pineau-Valencienne said that responsibilities to Schneider had prevented him
recently from fully carrying out his role as a Whirlpool director, hence his
decision to resign the seat.
"We brought Didier to our board to add a new and important perspective to our
increasingly global organization," said Whirlpool Chairman and CEO David R.
Whitwam. "He contributed that and more and we're sorry to see him leave, though
we understand and respect his action."
Pineau-Valencienne's resignation reduces the board's size to 12 members.
Whirlpool Corporation is the world's leading manufacturer and marketer of
major home appliances. Headquartered in Benton Harbor, the company manufactures
in 11 countries and markets products under 10 major brand names in more than 120
countries.
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