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
September 30, 1997
Date of report (Date of earliest event reported)
MASCO CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-5794 38-1794485
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
21001 Van Born Road, Taylor, Michigan 48180
(Address of Principal Executive Offices) (Zip Code)
(313) 274-7400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
The Registrant has received and now holds approximately 9.9 million
shares, approximately 42% of the outstanding shares, of Emco Limited, a Canadian
distributor and manufacturer of building materials for the home improvement and
construction markets ("Emco"). The Emco shares were delivered to the
Registrant, along with approximately $50 million in cash, by MascoTech, Inc. in
payment of a promissory note issued by MascoTech, Inc. to the Registrant in
October 1996. The Registrant's press release issued September 30, 1997
announcing the receipt of Emco shares is attached as Exhibit 99.a hereto.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits. The following exhibit is filed herewith:
99.a Press Release dated September 30, 1997.
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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.
MASCO CORPORATION
By: /s/Richard G. Mosteller
Richard G. Mosteller
Senior Vice President - Finance
Date: October 9, 1997
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EXHIBIT INDEX
99.a Press Release dated September 30, 1997
Exhibit 99.a
FOR IMMEDIATE RELEASE
MASCO CORPORATION ANNOUNCES RECEIPT OF
EQUITY INTEREST IN EMCO LIMITED
Taylor, Michigan, September 30, 1997--MASCO CORPORATION (NYSE:MAS) today
announced that it has received and now holds approximately 9.9 million shares
(approximately 42%) of the outstanding common stock of Emco Limited. MascoTech
Inc. delivered these shares and approximately $50 million in cash in payment of
a promissory note issued by MascoTech in October 1996 under its agreement to
purchase certain of its securities held by MASCO.
MASCO was formerly a major shareholder of Emco and continues to have a
number of joint marketing initiatives with Emco in both Canada and the United
States. MASCO's Chairman Richard Manoogian said, "This reunion will allow us to
build upon the synergy between our companies, particularly in sales and
marketing." MASCO intends, at this time, to maintain its equity holdings in
Emco.
Emco Limited is the leading Canadian distributor and manufacturer of
building materials for the home improvement and construction markets. Emco also
produces custom components, including brass and aluminum forgings.
MASCO CORPORATION is one of the world's leading manufacturers of faucets,
cabinets, locks and other consumer brand-name home improvement and building
products.
