CERIDIAN CORP
8-K, 2000-07-18
COMPUTER PROCESSING & DATA PREPARATION
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


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):
July 18, 2000


CERIDIAN CORPORATION
(Exact name of registrant as specified in its charter)

Delaware   1-1969   52-0278528
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

3311 East Old Shakopee Road, Minneapolis, Minnesota 55425
(Address of principal executive offices)    (Zip code)

Registrant's telephone number, including area code: (952) 853-8100





Item 5.  Other Events.

    On July 18, 2000, we issued a press release reporting our second quarter 2000 earnings results and a proposed reverse spin-off of our human resources and transportation information businesses, which accounted for approximately 84.0% of our revenues and 72.2% of our operating income in 1999, to our stockholders. A copy of the press release is attached hereto as Exhibit 99.1, and incorporated herein by reference. We currently anticipate that the reverse spin-off would occur around year-end. After the proposed reverse spin-off, the only remaining business will be our media information business. The proposed reverse spin-off is contingent upon a number of events, including the receipt of a favorable private letter ruling from the Internal Revenue Service regarding the tax free nature of the reverse spin-off.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.

99.1   Ceridian Corporation News Release dated July 18, 2000.

2



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.

    CERIDIAN CORPORATION
 
 
 
 
 
 
 
 
 
/s/ 
GARY M. NELSON   
Gary M. Nelson
Vice President, General Counsel and Secretary

Dated: July 18, 2000

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INDEX TO EXHIBITS

Exhibit No.
  Item

  Method of Filing
99.1   Ceridian Corporation News Release dated July 18, 2000.   Filed electronically


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SIGNATURES
INDEX TO EXHIBITS


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