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
Date of Report (Date of earliest event reported): December 31, 1996
AMP Incorporated
(Exact name of registrant as specified in its charter)
Pennsylvania 1-4235 23-0332575
(State of Incorporation) (Commission (IRS Employer
File Number) Identification Number)
PO Box 3608 17105-3608
Harrisburg, Pennsylvania (Zip Code)
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (717) 564-0100
ITEM 5. Other Events.
On December 31, 1996, AMP Incorporated, a Pennsylvania corporation (the
"Company") announced in a press release that the Board of Directors approved the
Company's plans to rationalize certain of its operations and product lines and
to take corresponding restructuring and other one-time charges in the fourth
quarter of 1996 in the total amount of $195 million.
Pursuant to General Instruction F of Form 8-K, the Company hereby
incorporates herein by reference the press release that is attached hereto as
Exhibit 99.
ITEM 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
(c) Exhibits
99 Press release issued by AMP Incorporated on December 31, 1996.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this current report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMP Incorporated
By: /s/ William J. Hudson
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William J. Hudson
Chief Executive Officer
and President
Date: January 2, 1997
EXHIBIT INDEX
Exhibit Number Description Page
99 Press release issued by AMP Incorporated on
December 31, 1996.
AMP EXECUTIVE OFFICES
NEWS RELEASE
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AMP INCORPORATED HARRISBURG PA 17105 717-564-0100 NYSE SYMBOL:AMP
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IMMEDIATE RELEASE RELEASE NO: 96-9
DECEMBER 31, 1996 FOR MORE INFORMATION CONTACT: WILLIAM OAKLAND
(717) 592-6371
AMP ANNOUNCES RESTRUCTURING AND ONE-TIME CHARGES IN FOURTH QUARTER
Harrisburg, PA - Today (Tuesday, December 31, 1996) the AMP Board of Directors
approved a restructuring and other one-time charges of $195 million to be taken
in the fourth quarter. In a December 12, 1996 news release the Company stated it
would take fourth quarter charges, but did not indicate the amount. These
charges are being taken to rationalize certain of AMP's businesses and are
mostly non-cash in nature.
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Harrisburg, Pennsylvania-based AMP Incorporated is the world's leading producer
of electrical/electronic connection devices. It has nearly 45,000 employees in
215 facilities in the U.S. and 44 other countries. AMP stock is listed on the
New York, Pacific and other regional stock exchanges (Symbol -- "AMP").
