SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549-1004
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) December 23, 1994
KEMPER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-10242 36-6169781
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification Number)
incorporation or
organization)
One Kemper Drive 60049
Long Grove, Illinois (Zip Code)
(Address of principal
executive offices)
Registrant's telephone number, including area code (708) 320-4700
KEMPER CORPORATION
FORM 8-K
ITEM 5. OTHER EVENTS
A. Sale of Investors Fiduciary Trust Company
On January 31, 1995, Kemper Corporation (the "Company") announced that
Kemper Financial Services, Inc. ("KFS"), completed the sale of its 50
percent interest in Investors Fiduciary Trust Company ("IFTC") to State
Street Boston Corporation ("State Street"). KFS is a wholly owned
subsidiary of Kemper Financial Companies, Inc. ("KFC"), which in turn is
approximately 97 percent owned by the Company on a fully converted basis.
IFTC, located in Kansas City, Mo., is a Missouri trust company that was,
prior to this transaction, owned equally by KFS and DST Systems, Inc.
("DST"), a subsidiary of Kansas City Southern Industries, Inc. IFTC
provides portfolio accounting, custody and transfer agency services to the
mutual fund industry. DST also sold its interest in IFTC to State Street.
In exchange for its 50 percent interest in IFTC, KFS received 2,986,111
shares of State Street common stock, subject to certain resale
restrictions. The Company expects to record an after-tax gain of
