SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JUNE 25, 1998
THE FIRST AMERICAN FINANCIAL CORPORATION
(Exact Name of the Registrant as Specified in Charter)
CALIFORNIA 0-3658 95-1068610
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
114 EAST FIFTH STREET, SANTA ANA, CALIFORNIA 92701-4642
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(Address of Principal Executive Offices) (Zip Code)
Registrants telephone number, including area code (714) 558-3211
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
See the attached Exhibit.
ITEM 7. EXHIBITS.
99 Press Release of The First American Financial
Corporation dated June 26, 1998.
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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.
THE FIRST AMERICAN FINANCIAL CORPORATION
Date: June 26, 1998 By: /s/ Thomas A. Klemens
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Name: Thomas A. Klemens
Title: Executive Vice President and
Chief Financial Officer
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CONTACT: Thomas A. Klemens
Chief Financial Officer
(714) 558-3211, ext. 7442
FIRST AMERICAN FINANCIAL APPROVES DIVIDEND
REINVESTMENT PLAN; DECLARES 3-FOR-1 STOCK SPLIT AND
REGULAR QUARTERLY DIVIDEND
SANTA ANA, CALIFORNIA, JUNE 26, 1998
At its meeting yesterday, the board of directors of The First American Financial
Corporation (NYSE: FAF) declared a three-for-one stock split, as well as a
regular quarterly cash dividend of 15 cents per Common share on a pre-split
basis. The implementation of a dividend reinvestment plan was also approved. The
details of the dividend reinvestment plan are pending.
The stock split will be effected in the form of a 200 percent stock dividend,
which will be distributed on July 17, 1998, to First American shareholders of
record on July 7, 1998. After the split, the number of shares outstanding will
be approximately 60,000,000.
In order to effectuate the stock split, the board of directors also approved an
amendment to the company's Certificate of Incorporation, which will increase the
number of its authorized shares of capital stock from 36,000,000 to 108,000,000.
The par value of such shares will remain at $1.
The cash dividend is payable July 17, 1998, to shareholders of record on July 6,
1998. The company has paid a cash dividend every year since 1909.
The First American Financial Corporation, based in Santa Ana, California, is the
nation's leading provider of real estate-related financial and information
services. The corporation's subsidiaries include First American Title Insurance
Company, a national and international title insurer; First American Real Estate
Information Services, Inc., which offers tax monitoring, credit reporting,
property data services, flood certification, field inspection services,
appraisal services, mortgage loan origination and servicing systems, and
mortgage document preparation nationally; First American Home Buyers Protection
Corporation, a home warranty company; and First American Capital Management, an
investment advisory firm. The corporation also operates First American Trust
Company and First Security Thrift Company in Southern California. First American
Financial has 15,000 employees in over 400 branch offices in the United States
and abroad. Information about the company's subsidiaries and an archive of its
press releases can be found at http://www.firstam.com on the Internet.
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