UNITED STATES
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) November 11, 1996
Meredith Corporation
(Exact name of registrant as specified in its charter)
Iowa 1-5128 42-0410230
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1716 Locust Street, Des Moines, Iowa 50309-3023
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code 515 - 284-3000
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Item 5. Other Events.
On November 11, 1996, the Meredith Corporation board of directors elected
William T. Kerr, the company's president and chief operating officer, as
president and chief executive officer. The announcement was made by Jack D.
Rehm, currently chairman of the board and CEO, following the company's annual
shareholder meeting in Des Moines that date.
Kerr, 55, will begin his duties as CEO January 1 of next year. Rehm, who was
re-elected to a three-year term on the board, will continue as chairman until
December 31, 1997.
As chairman, Rehm will continue to guide the proceedings and deliberations of
the board and represent the company within key industry, business and civic
organizations.
Kerr joined Meredith in September 1991 as executive vice president of the
company and president of Meredith's Magazine Group. He was named president and
chief operating officer in May of 1994, adding responsibilities for managing
the company's day-to-day operations. Along with his appointment as president
and COO, Kerr joined the company's board of directors and was named to the
board's executive committee.
With his added duties as CEO, Kerr will chart the company's strategic course,
manage day-to-day company business, and will oversee operating group
performance and all corporate staff. He will maintain his board seat and
executive committee position.
Before coming to Meredith in September of 1991, Kerr was a vice president of
The New York Times Company and president of its magazine group, a position he
held since 1984.
Meredith Corporation, headquartered in Des Moines, Iowa, is America's leading
home and family media company. Meredith operates businesses in magazine and
book publishing, television broadcasting, residential real estate marketing and
franchising, and brand licensing.
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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, thereunto duly authorized.
MEREDITH CORPORATION
Registrant
/s/ Larry D. Hartaook
-------------------------
Larry D. Hartsook
Vice President - Finance
(Principal Accounting and
Financial Officer)
Date: December 5, 1996
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