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
January 11, 2000
(Date of earliest event reported)
Corning Incorporated
(Exact name of Registrant as specified in its charter)
New York 1-3247 16-0393470
(State of (Commission (IRS Employer
Incorporation) File No.) Identification No.)
One Riverfront Plaza, Corning, New York 14831
(Address of principal executive offices)
(607) 974-9000
(Registrant's telephone number)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. OTHER EVENTS
On January 11, 2000, Corning Incorporated, a New York corporation ("Corning"),
announced that it planned an underwritten offering of 13,000,000 shares of
common stock (excluding an overallotment option) under its existing $2 billion
universal shelf registration statement.
The net proceeds from the sale of the common stock would be used to pay for the
previously-announced acquisition of the Siemens worldwide optical fiber and
cable assets as well as for general corporate purposes.
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On January 11, 2000, Corning issued a press release which read as follows:
FOR RELEASE - JANUARY 11, 2000
Corning Contact:
Robert W. DeMallie
(607) 974-8832
[email protected]
Corning Announces Plans for Common Stock Offering
CORNING, N.Y. Corning Incorporated (NYSE:GLW) announced today that it
plans to offer 13 million shares of common stock under its existing
$2 billion universal shelf registration statement. Goldman, Sachs &
Co. and J.P. Morgan Securities Inc. will lead the planned underwritten
offering, as joint book-running managers. In addition, the
underwriters will be granted an overallotment option of up to
1,950,000 shares.
The net proceeds from the sale of the common stock will be used to pay
for the previously announced acquisition of Siemens' worldwide optical
fiber and cable assets, which is expected to close in early 2000, as
well as for general corporate purposes. Corning expects to price the
equity offering during the week of
Jan. 24, 2000.
For a copy of the prospectus relating to the offering, contact the
syndicate department of either of the joint book-running managers.
Established in 1851, Corning Incorporated (www.corning.com) creates
leading-edge technologies for the fastest-growing markets of the
world's economy. Corning manufactures optical fiber, cable and
photonic products for the telecommunications industry; and high-
performance displays and components for television and other
communications-related industries. The company also uses advanced
materials to manufacture products for scientific, semiconductor and
environmental markets. Corning's revenues in 1998 were $3.5 billion.
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Investor Relations Contact:
Katherine M. Dietz
(607) 974-8217
[email protected]
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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.
CORNING INCORPORATED
By: /s/ M. Ann Gosnell
Assistant Secretary
Dated: January 11, 2000
