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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: June 3, 1996
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HOUSEHOLD INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-8198 36-3121988
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation Number)
2700 Sanders Road, Prospect Heights, Illinois 60070
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 847/564-5000
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Item 5. Other Events
Press release announcing the full settlement of
litigation and various contractual disputes between
Household International, Inc. ("Household") and Eljer
Industries, Inc., a former subsidiary of Household.
Item 7. Financial Statements and Exhibits
(a) Financial statements of businesses acquired.
Not applicable.
(b) Pro forma financial information.
Not applicable.
(c) Exhibits.
No. Exhibit
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99 Press release regarding the full settlement
of litigation and various contractual
disputes between Household International,
Inc. ("Household") and Eljer Industries,
Inc., a former subsidiary of Household.
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SIGNATURE
Pursuant to the requirement 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.
HOUSEHOLD INTERNATIONAL, INC.
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(Registrant)
By: /s/ Susan E. Casey
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Susan E. Casey
Assistant Secretary
Dated: June 3, 1996
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U:\LAW\EDGAR\I8K696.WP
For Release: Immediately
Contact: Craig A. Streem
Vice President - Investor Relations
(847)564-6053
Celeste M. Murphy
Director - Investor Relations
(847)564-7568
Household International Announces Settlement of Litigation
with Eljer Industries, Inc.
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Prospect Heights, IL, June 3, 1996 -- Household International
(NYSE: HI) announced today the full settlement of all litigation
and various other contractual disputes between the company and
Eljer Industries, Inc., a former subsidiary which is a holding
company for various manufacturing operations. The issues between
the companies grew out of a number of 1989 contractual agreements
between Eljer and Household and are unrelated to Household's
current businesses.
Due to the complexity of the claims involved, and facing a
lengthy trial and appeal process, the parties decided to settle
their issues and avoid the significant expenses and uncertainties
attendant to continued litigation. Under this settlement
Household has agreed to make a one-time payment to Eljer which
will result in an after-tax charge of approximately $17 million,
in full settlement of all claims asserted by Eljer against
Household and by Household against Eljer. Household indicated
that this settlement will not have an impact on the company's
ability to achieve its 1996 earnings targets.
Household International, through its subsidiaries, is a major
provider of consumer financial services in the United States,
Canada and the United Kingdom. Its primary businesses include
HFC, the nation's oldest consumer finance company, and Household
Bank, one of the largest issuers of private label and general
purpose credit cards in the United States, including the GM Card.
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