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):
August 19, 1999
KANSAS CITY SOUTHERN INDUSTRIES, INC.
(Exact name of company as specified in its charter)
DELAWARE 1-4717 44-0663509
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
114 West 11th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Company's telephone number, including area code:
(816) 983 - 1303
Not Applicable
(Former name or former address if changed since last report)
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Item 5. Other Events
On August 19, 1999, Kansas City Southern Industries, Inc. ("KCSI" or "Company")
reported that its newly formed financial services holding company, Stilwell
Financial, Inc., filed a Registration Statement on Form 10 with the Securities
and Exchange Commission in connection with KCSI's proposed spin-off of its
financial services business. The filing includes an Information Statement which
will be provided to KCSI shareholders after the Registration Statement becomes
effective.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Document
(99) Additional Exhibits
99.1 Press Release issued by Kansas City Southern Industries, Inc.
dated August 19, 1999 entitled, "KCSI Announces Filing Of
Stilwell Financial, Inc. Form 10 Registration Statement", is
attached hereto as Exhibit 99.1
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
Kansas City Southern Industries, Inc.
Date: August 31, 1999 By: /s/ Joseph D. Monello
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Joseph D. Monello
Vice President and Chief Financial Officer
(Principal Financial Officer)
<PAGE>
EXHIBIT 99.1
Contact: KCSI
Landon H. Rowland (816-983-1393) Kansas City Southern Industries, Inc.
Chairman, President and 114 West 11th Street
Chief Executive Officer Kansas City, Missouri 64105
Joseph D. Monello (816-983-1213)
Vice President & Chief Financial Officer NYSE Symbol: KSU
Release No.: 1999-09: Date: August 19, 1999
NEWS RELEASE
KCSI ANNOUNCES FILING OF
STILWELL FINANCIAL, INC. FORM 10 REGISTRATION STATEMENT
Kansas City, Missouri
Kansas City Southern Industries, Inc. (NYSE: KSU) today reported that its
newly formed financial services holding company, Stilwell Financial, Inc. filed
a Registration Statement on Form 10 with the Securities and Exchange Commission
in connection with KCSI's proposed spin-off of its financial services business.
The filing includes an Information Statement which will be provided to KCSI
shareholders after the Registration Statement becomes effective.
KCSI also stated, as it previously reported, that its Board of Directors has
determined to proceed promptly with the spin-off as already favorably ruled on
by the Internal Revenue Service in July, 1999. The Internal Revenue Service
issued a ruling that the distribution of the stock of Stilwell Financial to
effect the separation of KCSI's transportation and financial services businesses
will be tax-free to KCSI and its shareholders. The transaction contemplates that
KCSI common stockholders will receive two shares of Stilwell Financial for each
share of KCSI stock they own on the record date to be set by KCSI's Board of
Directors. The transaction is expected to be completed during the fourth quarter
of 1999.
Stilwell Financial holds KCSI's interests in Janus Capital Corporation,
Berger Associates, Inc., Nelson Money Managers PLC and DST Systems, Inc. It is
contemplated that Stilwell Financial will be listed on the NYSE and, at about
the time of the separation, will begin trading under the symbol "SV".
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This news release includes statements concerning potential future events
involving the Company, which could materially differ from the events that
actually occur. The differences could be caused by a number of factors including
those factors identified in KCSI's December 31, 1998 Form 10-K and the current
report on Form 8-K/A dated June 3, 1997, each filed by the Company with the
Securities and Exchange Commission (Commission file no. 1-4717). The Company
will not update any forward-looking statements in this news release to reflect
future events or developments.
