PROSPECTUS SUPPLEMENT
(To Prospectus dated March 1, 1995)
70,000 Shares
ZENITH ELECTRONICS CORPORATION
Common Stock
($1.00 par value)
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Pursuant to a Sales Agency Agreement dated March 2, 1995, between Zenith
Electronics Corporation (the "Company") and NatWest Securities Limited
("NatWest"), the Company has sold, through NatWest, as exclusive agent
of the Company, 70,000 shares of Common Stock pursuant to ordinary brokers'
transactions on the New York Stock Exchange and/or the Chicago Stock Exchange.
Pricing Period: March 27, 1995 through March 31, 1995
Common Stock sold: 60,000 Average Market Price Shares
10,000 Additional Shares
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70,000 Total Shares sold
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High and low sales prices of
Average Market Price Shares
sold during Pricing Period: $ 8.00 $ 7.625
Average Market Price: $ 7.875
Net Proceeds to Company
for Average Market Price Shares: $ 445,331
Total Net Proceeds to Company: $ 524,082
Compensation to NatWest for
Average Market Price Shares: $ 25,669
Total Compensation to NatWest: $ 26,919
On March 31, 1995, the last reported sales price of the Common Stock on the
New York Stock Exchange was $ 7.75 per share.
The shares of Common Stock have been listed on the New York Stock Exchange.
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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION
PASSED UPON THE ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION
TO THE CONTRARY IS A CRIMINAL OFFENSE.
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The date of this Prospectus Supplement is April 3, 1995.
USE OF PROCEEDS
The net proceeds ($ 524,082 before expenses) received by the Company
from the sale of the 70,000 shares of Common Stock will first be used to
repay short-term borrowings and other amounts payable under the Company's
Credit Agreement and any remaining net proceeds will be used for capital
investment projects and/or engineering and research expenses or for other
general corporate purposes.
