UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 and 15(d) of
the Securities Exchange Act of 1934
December 13, 1999
Date of Report (Date of earliest event reported)
FOSTER WHEELER CORPORATION
(Exact Name of Registrant as Specified in its Charter)
New York 1-286-2 13-1855904
(State Of (Commission (IRS Employer
Incorporation) File Number) Identification No.)
Perryville Corporate Park
Service Road East 173
Clinton, N.J. 08809-4000
(Address of Principal Executive Office)
(908) 730-4000
(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 December 13, 1999, Foster Wheeler Corporation issued a press
release, a copy of which is annexed hereto as Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements:
None.
(b) Pro Forma Financial Information:
None.
(c) Exhibits:
99.1 Press Release dated December 13, 1999.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
FOSTER WHEELER CORPORATION
DATE: December 13, 1999 By: /s/ Thomas R. O'Brien
--------------------------------
Thomas R. O'Brien
General Counsel and Senior
Vice President Corporate
Affairs
Exhibit 99.1
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NYSE:FWC
FOSTER WHEELER SUBSIDIARY RECEIVES PATENT
INFRINGEMENT DECISION
CLINTON, N.J., December 13, 1999 - A subsidiary of Foster Wheeler
Corporation formerly known as Glitsch, Inc., announced today that it received an
adverse decision in connection with a patent infringement and trade secret
misappropriation lawsuit which has been pending against it in the United States
District Court, Northern District of Texas, Dallas Division, for over 16 years
brought by Koch Engineering Co., Inc. and its licensor, Sulzer Brothers Limited
of Switzerland, in 1983. Glitsch sold substantially all of its business and
assets in 1997. The subsidiary will appeal the decision.
The judgment awarded compensatory damages against the subsidiary in
the amount of $20.8 million, plus pre-judgment interest in an amount yet to be
calculated by the Court and punitive damages in an amount equal to 50% of
compensatory damages.
The subsidiary has been advised by its counsel that the Court's
decision contains numerous legal and factual errors subject to reversal by an
appeal.
# # #
Note to Editors:
Foster Wheeler Corporation is a global company offering, through its
subsidiaries, a broad range of design, engineering, construction, manufacturing,
project development and management, research, plant operations and environmental
services. The Corporation's headquarters are at Clinton, N.J. For more
information about Foster Wheeler, visit our World-Wide Web site at www.fwc.com.
# # # CONTACT: Alastair Davie 908-730-4444 Rita Kroeber 908-730-4448
