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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 8 - K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
March 4, 1994
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(Date of Report)
National City Corporation
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(Exact name of registrant as specified in its charter)
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Delaware 1-10074 34-1111088
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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1900 East Ninth Street, Cleveland, Ohio 44114
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(Address of principal executive offices) (Zip Code)
216-575-2000
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(Registrant's telephone number, including area code)
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Item 5. OTHER EVENTS
On March 1, 1994, the Registrant issued a Press Release announcing
that its Board of Directors has authorized the purchase, in the open market or
otherwise, of up to 5 million additional shares of the Corporation's issued and
outstanding common stock and any amount of depositary shares of its 8%
Cumulative Convertible Preferred Stock, subject to a combined total purchase
limit of $200 million. This stock repurchase program will commence following
the completion of an existing 5 million share repurchase program that was
announced in December, 1993.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
a) FINANCIAL STATEMENTS OF BUSINESS ACQUIRED: None
b) PRO FORMA FINANCIAL INFORMATION: None
c) EXHIBIT:
Exhibit 99.1 Press Release dated March 1, 1994 incorporated herein
by reference.
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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.
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Dated: March 4, 1994 By /s/ Robert G. Siefers
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Robert G. Siefers
Executive Vice President
and Chief Financial Officer
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NATIONAL CITY
CORPORATION NATIONAL CITY CORPORATION
FOR MORE INFORMATION CONTACT:
Thomas A. Richlovsky
Senior Vice President & Treasurer
(216) 575-2126
Janis E. Lyons
Vice President, Investor Relations
(216) 575-3329
NATIONAL CITY CORPORATION ANNOUNCES STOCK REPURCHASE PROGRAM
CLEVELAND, OHIO--March 1, 1994--National City Corporation's Board of
Directors has authorized the purchase, in the open market or otherwise, of up
to 5 million additional shares of the Corporation's issued and outstanding
common stock and any amount of depositary shares of its 8% Cumulative
Convertible Preferred Stock subject to a combined purchase limit of $200
million. This stock repurchase program will commence following the completion
of an existing 5 million share repurchase program that was announced in
December 1993.
All common shares purchased will be held as Treasury shares for reissue in
connection with the Corporation's stock option plans and for general corporate
purposes. Any depositary shares of preferred stock acquired will be retired.
The shares will be acquired in accordance with applicable regulations of the
Securities and Exchange Commission.
National City Corporation (NYSE: NCC) is a $31 billion diversified
financial service company headquartered in Cleveland, Ohio. National City
operates banks and other financial service subsidiaries principally in Ohio,
Kentucky and Indiana.
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