PROSPECTUS SUPPLEMENT
(To Prospectus dated March 1, 1995)
653,900 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, 653,900 shares of Common Stock pursuant to ordinary brokers'
transactions on the New York Stock Exchange and/or the Chicago Stock Exchange.
Pricing Period: March 13, 1995 through March 17, 1995
Common Stock sold: 60,000 Average Market Price Shares
593,900 Additional Shares
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653,900 Total Shares sold
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High and low sales prices of
Average Market Price Shares
sold during Pricing Period: $ 8.625 $ 8.00
Average Market Price: $ 8.20
Net Proceeds to Company
for Average Market Price Shares: $ 463,710
Total Net Proceeds to Company: $ 5,198,411
Compensation to NatWest for
Average Market Price Shares: $ 28,665
Total Compensation to NatWest: $ 152,140
On March 17, 1995, the last reported sales price of the Common Stock on the
New York Stock Exchange was $ 8.625 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 March 21, 1995.
USE OF PROCEEDS
The net proceeds ($ 5,198,411 before expenses) received by the Company
from the sale of the 653,900 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.
INCREASE IN MAXIMUM AMOUNT
The Company and NatWest have agreed, pursuant to the terms of the
Sales Agency Agreement, to increase the Maximum Amount of shares of Common
Stock to be offered and sold thereunder from 1,000,000 shares to 2,000,000
shares, which amount may be further increased from time to time up to a
maximum aggregate amount of 5,200,000 shares at the option of the Company
with the consent of NatWest.