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) December 2, 1998
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The CIT Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-1861 13-2994534
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
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Registrant's telephone number, including area code (212)536-1390
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(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
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See the attached press release, which is incorporated herein by
reference, regarding the election of Anthea Disney as a Director of the
Corporation, which expands the Board of Directors to eleven members.
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<PAGE>
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99.1 Press Release, dated December 2, 1998, Regarding the
Election of Anthea Disney as a Director of the
Corporation, which expands the Board of Directors to
eleven members.
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<PAGE>
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.
THE CIT GROUP, INC.
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(Registrant)
By: /s/ JOSEPH M. LEONE
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Joseph M. Leone
Executive Vice President and
Chief Financial Officer
Dated: December 2, 1998
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<PAGE>
Exhibit 99.1
[The CIT Group, Inc. Logo] Contact: Michael J. McGowan
Vice President
Communications Services
(973)535-3506
[email protected]
FROM: THE CIT GROUP, INC.
1211 AVENUE OF THE AMERICAS
NEW YORK, NY 10036
FOR IMMEDIATE RELEASE
THE CIT GROUP EXPANDS BOARD; ANTHEA DISNEY NAMED NEW DIRECTOR
LIVINGSTON, NJ, December 2, 1998 --- The CIT Group, Inc. (NYSE:CIT),
one of the nation's largest commercial and consumer financing companies, today
announced the appointment of Anthea Disney to its Board of Directors. Her
appointment expands CIT's Board to 11 members. Ms. Disney also joins CIT's
Compensation Committee.
Ms. Disney, 52, is Chairman and Chief Executive Officer of News America
Publishing Group, the book, magazine and digital publishing division of the
global media company News Corporation. She is also a member of News
Corporation's worldwide Executive Management Committee. Recently, Fortune
magazine named her one of American Business' "Fifty Most Powerful Women."
"We are very pleased to have Anthea Disney join our Board of
Directors," said Albert R. Gamper, Jr., President and Chief Executive Officer of
The CIT Group, Inc. "Her business acumen, strategic perspective and management
experience in one of America's most dynamic industries will serve The CIT Group
well."
Previously, Ms. Disney was President & CEO of HarperCollins Publishers,
Inc. She was also Editor-In-Chief of TV Guide Magazine, Editor-in-Chief and
creator of News Corporation's on-line development and Executive Producer of
Fox-TV's "A Current Affair." Before joining News Corporation, she was Editor of
Us magazine and Editor-in-Chief of Self magazine. She began her career in the
United Kingdom as a newspaper reporter and foreign correspondent.
The News America Publishing Group is a division of The News Corporation
Limited, one of the world's largest media organizations with annual revenues of
approximately $13 billion. News Corporation's diversified global operations in
the United States, Canada, the United Kingdom, Australia, Latin America and the
Pacific Basin include the production and distribution of motion pictures and
television programming; television, satellite and cable broadcasting; the
publication of newspapers, magazines and books; and, the production and
distribution of promotional and advertising products and services.
With more than $25 billion in managed assets, The CIT Group, Inc.
(www.citgroup.com) is one of the nation's largest commercial and consumer
financing companies. Founded in 1908, the Company provides diversified
financing and leasing to a broad range of customers through strategically
focused business units.
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