EG&G INC
8-K, 1998-11-05
ENGINEERING SERVICES
Previous: TWENTY SERVICES INC, 10-Q, 1998-11-05
Next: INVESCO INDUSTRIAL INCOME FUND INC, 497, 1998-11-05




                                 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) October 22, 1998
                                                          ----------------





                                   EG&G, Inc.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)





      Massachusetts               1-5075                 04-2052042
      -------------               ------                 ----------
    (State or other      (Commission File Number)    (IRS Employer
     jurisdiction of                                 Identification No.)
     incorporation)



    45 William Street, Wellesley, Massachusetts              02481
    -------------------------------------------              -----
    (Address of principal executive offices)               (Zip Code)



                              (781) 237-5100
                              --------------
           (Registrant's telephone number, including area code)



                                 Not applicable
          -------------------------------------------------------------
          (Former name or former address, if changed since last report)

<PAGE>

Item 5.  Other Events

On October 22, 1998, the Company announced that it received  authorization  from
its Board of  Directors  to purchase  up to five  million  shares of EG&G,  Inc.
Common Stock. The  authorization is in addition to shares remaining  unpurchased
(0.9 million) under prior purchase  authorizations  in 1993 and 1995.  Including
the new  authorization  for five million shares,  total  authorization for share
repurchase  will  be  20.5  million.  The  authorization  to  purchase  will  be
accomplished through periodic purchases on the open market. These shares will be
used to cover  exercise of options and for benefit plan  purposes  over the next
few years.


                                    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 hereunto duly authorized.

                                        EG&G, Inc.


                                        By /s/ John F. Alexander, II
                                           ----------------------------
                                           Senior Vice President and
                                           Chief Financial Officer
                                           (Principal Financial Officer)


Date: November 5, 1998
      ----------------




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission