FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 21, 1995
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Zenith Electronics Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-4115 36-1996520
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(State or jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1000 Milwaukee Avenue
Glenview, Illinois 60025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (708) 391-7000
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Not applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On December 21, 1995, the Company repurchased $42.7 million
principal amount of its 8.5% Convertible Senior Subordinated
Debentures due November 19, 2000 and January 18, 2001 (the
"Debentures"), at par plus accrued interest, of which an
aggregate of $67 million principal amount had been previously
outstanding. This repurchase resulted from the exercise by
certain holders of the Debentures of the right of such holders
to require repurchase of all or a portion of the Debentures
following a change of control of the Company, which change of
control occured upon the purchase of a controlling interest
in the Company by LG Electronics Inc. and its affiliate,
LG Semicon Ltd., on November 8, 1995.
SIGNATURES
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.
ZENITH ELECTRONICS CORPORATION
By: /s/ Richard F. Vitkus
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Richard F. Vitkus
Senior Vice President, General
Counsel and Secretary
Date: December 21, 1995
