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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) February 2, 1998
COMPUTER SCIENCES CORPORATION
(Exact name of Registrant as specified in its charter)
NEVADA 1-4850 95-2043126
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
2100 East Grand Avenue
El Segundo, California 90245
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (310) 615-0311
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On February 2, 1998, the Board of Directors of the Registrant declared a
2-for-1 stock split in the form of a 100% stock dividend with respect to the
Common Stock, par value $1.00 per share, of the Registrant, payable to holders
of record on March 2, 1998. A copy of a press release of the Registrant dated
February 2, 1998 describing the stock split is included as Exhibit 99.1
hereto.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
The exhibit listed below is filed as a part of this report:
99.1 Press Release of the Registrant dated February 2, 1998
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 thereto duly authorized.
COMPUTER SCIENCES CORPORATION
Dated: February 2, 1998 By /s/ Scott M. Delanty
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Scott M. Delanty
Vice President and Controller
Chief Accounting Officer
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EXHIBIT 99.1
News Release
Contact: Bruce Plowman, FOR IMMEDIATE RELEASE
Spencer Davis Moved on PR Newswire
310.615.0311 February 2, 1998
CSC DECLARES 2-FOR-1 STOCK SPLIT
IN THE FORM OF A STOCK DIVIDEND
EL SEGUNDO, Calif., February 2, 1998 -- Computer Sciences Corporation
(NYSE:CSC) announced that its board of directors today declared a two-for-one
stock split in the form of a 100 percent stock dividend on the company's
common stock.
The dividend is payable to shareholders of record March 2 on the same
date. CSC has approximately 78 million shares outstanding and closed on the
New York Stock Exchange last Friday, January 30, at 84 7/8 . The highest
price of CSC's stock during the last 12 months was 88 1/2 on January 8, 1998,
and the lowest was 57 7/8 on April 28, 1997.
"Five years ago, CSC declared a 200 percent stock dividend, tripling the
number of shares outstanding," said Van B. Honeycutt, CSC's chairman,
president and chief executive officer. "Since then, our share price has risen
from 33 to 83 1/2, reflecting five years of strong financial performance.
"This latest action reflects our continued confidence in CSC's future
performance and prospects, and we anticipate that the resulting increase in
our outstanding shares will allow more individual investors as well as
institutional investors to participate in the growth of our company."
CSC has 44,000 employees in nearly 600 offices worldwide with revenue of
$6.3 billion for the 12 months ended December 26, 1997. CSC provides clients
with a wide range of professional services including management consulting,
information systems consulting and integration, and outsourcing. More
information about CSC is available at http://www.csc.com.
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