<PAGE> 1
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: October 30, 1997
Commission File Number 1-5097
JOHNSON CONTROLS, INC.
(Exact name of registrant as specified in its charter)
Wisconsin 39-0380010
(State of Incorporation) (I.R.S. Employer
Identification No.)
5757 North Green Bay Avenue, P.O. Box 591, Milwaukee, WI 53201
(Address of principal executive office)
Registrant's telephone number, including area code (414) 228-1200
<PAGE> 2
Item 5: Other Events
Johnson Controls wishes to take advantage of the "safe harbor" provisions
of the Private Securities Litigation Reform Act of 1995 by filing this Form
8-K. Many of the factors addressed below have been discussed in prior filings
by Johnson Controls. Johnson Controls wishes to caution readers that the
following important factors, among others, in some cases have affected, and in
the future could affect, Johnson Controls' actual results and could cause its
actual consolidated results for the current period, and beyond, to differ
materially from those expressed in any forward-looking statements made by, or
on behalf of, Johnson Controls.
- - A moderation or decline in the automobile build rate in the US and Europe;
a restriction in the ability of auto manufacturers to outsource components
manufacture to outside suppliers, whether as a result of collective
bargaining agreement, union negotiations or otherwise; the lack of growth
in new construction of commercial buildings; moderation in the outsourcing
of facility management of commercial buildings and the privatization of
facility management of government facilities; changes in automobile
battery suppliers by Johnson Controls' major customers; changes in the
energy costs or government regulations that would decrease the incentive
for commercial and government customers to save energy;
- - Continued or increased pressure to change the selling price for Johnson
Controls' products with resulting effects on margins; continuous market
testing of prices in existing contracts by customers; increased entries of
new competitors into markets;
- - Underutilization of Johnson Controls plants and factories, or of any plant
expansions or new plants, resulting in production inefficiencies and
higher costs; start-up expenses and inefficiencies and delays;
overcapacity of the production plants in the industries in which Johnson
Controls operates; cyclicality of the auto parts industry; Johnson
Controls' ability to remain a Tier 1 supplier to the auto industry; impact
of weather on demand for products of Johnson Controls; impact of the
financial condition of its suppliers on Johnson Controls;
- - Johnson Controls' ability to achieve cost reduction targets; amount, rate
and growth in Johnson Controls' selling, general and administrative
expenses; and the impact of unusual items resulting from on-going
evaluations of business strategies, asset valuations, acquisitions,
divestitures and organizational structures;
<PAGE> 3
- - The effects of, and changes in, trade, monetary and fiscal policies, laws
and regulations, other activities of governments, agencies and similar
organizations, and social economic conditions, such as trade restrictions
or prohibitions; inflation and monetary fluctuations; import and other
charges or taxes; the ability or inability of Johnson Controls to obtain,
or hedge against, foreign currency, foreign exchange rates and
fluctuations in those rates; nationalizations and unstable governments and
legal systems, and intergovernmental disputes as well as actions affecting
frequency, use and availability, spectrum authorizations and licensing;
and
- - The costs and other effects of legal and administrative cases and
proceedings (whether civil, such as environmental and product-related, or
criminal), settlements and investigations, claims, and changes in those
items; the costs associated with any recalls for products manufactured by
Johnson Controls; developments or assertions by or against Johnson
Controls relating to intellectual property rights and intellectual
property licenses; adoptions of new, or changes in, accounting policies
and practices and the application of such policies and practices.
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.
JOHNSON CONTROLS, INC.
Date: October 30, 1997 By: Stephen A. Roell
Chief Financial Officer and
Vice President
