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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
June 30, 1998
Date of Report
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(Date of earliest event reported)
THE BOEING COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 1-442 91-0425694
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(State or Other (Commission (IRS Employer
Jurisdiction of File Identification
Incorporation) Number) Number)
7755 East Marginal Way South
Seattle, Washington 98108
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(Address of Principal Executive Offices, Including Zip Code)
(206) 655-2121
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
Pursuant to the Consent and Undertaking dated July 26, 1978, of The
Boeing Company (the "Company"), the Company agreed to file a statement with the
Securities and Exchange Commission (the "Commission") whenever it makes a change
in its policy on the appointment of foreign sales consultants.
The Company acquired McDonnell Douglas Corporation in 1997. As part
of the administrative efforts undertaken to integrate the two companies, on
June 30, 1998, the Board of Directors approved a revised policy on
Consultants and Professional Services. The requirements for documentation and
the scope of corporate review that were in the prior policy are in the revised
policy. The companywide procedure is not being changed at this time.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statement of businesses acquired: not applicable
(b) Pro forma financial information: not applicable
(c) Exhibits:
EXHIBIT NO. DESCRIPTION
99 Company Policy 14, Consultant and Professional Services.
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, thereunto duly authorized.
THE BOEING COMPANY
Dated: August 21, 1998 By: /s/ James C. Johnson
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James C. Johnson
Vice President, Corporate Secretary
and Assistant General Counsel
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
99 Company Policy 14, Consultant and Professional Services.
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1
Exhibit 99
BOEING COMPANY
POLICY POL-14
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POL-14
ISSUE DATE:
June 30, 1998
CONSULTANT AND PROFESSIONAL SERVICES
PURPOSE/SUMMARY:
This Policy provides guidelines for the selection, use and approval of
consultants and professional services:
SCOPE:
Supersedes: JE-AAG-500 dated January 10, 1994
Applies to: All segments of The Boeing Company including
subsidiaries (as implemented by the resolutions
of the subsidiary Board of Directors).
MAINTAINED BY:
Senior Vice President and General Counsel
AUTHORITY REFERENCE(S):
None
APPROVED BY:
T.J. Collins
Senior Vice President and General Counsel
The company prefers to use its own employees in the conduct of business. The
company may, however, engage consultants (including foreign sales consultants)
and other professional services to acquire specialized knowledge or abilities
that are not reasonably available within the company. The company will engage
consultants and professional services by written agreement only in accordance
with this policy and its procedures. No consultants or professional services
will be engaged by any other means, nor if doing so is prohibited by applicable
law, regulation, or order.
The company and its employees, consultants (including foreign sales
consultants), and professional service providers will observe applicable laws
and act only on a legitimate and ethical business basis. No employee,
representative, or designee will offer or use company funds, property or
credits, directly or indirectly, for a payment or gift under circumstances
where such payment or gift would constitute a bribe, kickback, or illegal
payment.
When management determines it is advisable to use foreign sales consultants,
they must be retained in accordance with procedures established by the Senior
Vice President and General Counsel, subject to prior approval of each
appointment by the Chief Executive Officer or his delegate. The company will
maintain records which properly reflect all financial transactions with respect
to foreign sales consultants and will not use or establish any fund or account,
with respect to such consultants, outside normal accounting channels. With
respect to foreign sales consultants, an annual review of compliance with this
policy will be made to the Board of Directors.
The Senior Vice President and General Counsel will be responsible for providing
policy guidance. Any amendment to this policy must have prior approval from the
Board of Directors.
