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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: January 18, 1994
Date of earliest event reported: January 18, 1994
McDONALD'S CORPORATION
(Exact name of Registrant as specified in its Charter)
Delaware 1-5231 36-2361282
(State of Incorporation) (Commission File No.) (IRS Employer I.D. No.)
One McDonald's Plaza
Oak Brook, Illinois 60521
(708) 575-3000
(Address and Phone Number of Principal Executive Offices)
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Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
(b) Exhibits
(99) Additional Exhibits - Press Release Dated January 18,
1994 - "McDonald's Announces $1 Billion Common Stock
Buyback".
SIGNATURE
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.
McDONALD'S CORPORATION
(Registrant)
By: /s/ George T. Rummel
George T. Rummel
Vice President and
Associate General Counsel
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Exhibit Index
Exhibit Sequential
No. Description of Exhibit Page Number
(99) Additional Exhibits - 4
Press Release dated January 18, 1994 -
"McDonald's Announces $1 Billion
Common Stock Buyback". <PAGE>
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EXHIBIT 99
Investor Release
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
01/18/94 Sharon Vuinovich, Investors
708-575-3395
Chuck Ebeling, Media
708-575-6150
McDONALD'S ANNOUNCES $1 BILLION COMMON STOCK BUYBACK
Oak Brook, IL -- McDonald's Corporation announced today that it
plans to purchase up to $1 billion of its common stock within the next
three years, primarily from excess cash flow.
Vice Chairman and Chief Financial Officer Jack M. Greenberg said,
"We believe that common share repurchase is an excellent means of
improving returns for common shareholders and have repurchased $2.2
billion of our common stock over the past 10 years. We expect to fund
this share repurchase program largely from excess cash flow, while
maintaining a strong equity base to support the future growth of our
worldwide business. Share repurchase is a very effective method of
enhancing shareholder value within our current operating structure and
we remain committed to enhancing common shareholder returns."
McDonald's recently announced its intention to step up expansion
and will add between 900 and 1,200 restaurants in 1994 and in each of
the next several years, with approximately two-thirds of the locations
outside of the U.S. Lower worldwide average development costs coupled
with improved operations have enabled the Company to control capital
expenditures and fund expansion through cash flow over the past
several years.
McDonald's is the leading foodservice retailer in the global
consumer marketplace, with nearly 14,000 restaurants in 70 countries.
More than 80 percent of McDonald's restaurant businesses are locally
owned and operated by independent entrepreneurs. <PAGE>
