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: July 1, 1997
COMPAQ COMPUTER CORPORATION
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-9026 76-0011617
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
20555 SH 249, HOUSTON, TEXAS 77070-2698
(Address of Principal Executive Offices)
(281) 370-0670
(Registrant's telephone number, including area code)
Item 5. Other Events.
In a release dated July 1, 1997, Compaq Computer Corporation (NYSE: CPQ)
announced that its Board of Directors approved a five-for-two stock split in
the form of a stock dividend. The record date for the stock split is
July 14, 1997. Shareholders of record as of that date will receive three
additional shares of common stock for every two shares they own on that
date. Distribution of new shares will be mailed on or about July 28, 1997.
As of June 30, 1997, Compaq had 276 million shares outstanding.Upon completion
of the split, the number will increase to 690 million shares outstanding.
In addition, the number of shares that would be issued in the recently
announced proposed merger with Tandem Computers Incorporated would be
appropriately adjusted to reflect the stock split. The press release
announcing the split is attached as Exhibit 99.
Item 7. Exhibit - Index
Exhibit 99 -- News Release dated July 1, 1997, announcing a five-for-two
stock split.
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.
July 1, 1997 COMPAQ COMPUTER CORPORATION
_______________________________
Earl L. Mason
Senior Vice President and Chief
Financial Officer
(as authorized officer and as
principal financial officer)
COMPAQ COMPUTER CORPORATION P.O. BOX 692000 NEWS RELEASE
PUBLIC RELATIONS DEPARTMENT HOUSTON, TEXAS
77269-2000
TEL 281-514-0484
FAX 281-514-4583
HTTP://WWW.COMPAQ.COM
[Logo of Compaq Computer Corporation appears here]
FOR IMMEDIATE RELEASE
COMPAQ ANNOUNCES FIVE-FOR-TWO STOCK SPLIT
HOUSTON, July 1, 1997 - Compaq Computer Corporation (NYSE:CPQ) today
announced that its Board of Directors approved a five-for-two stock split in
the form of a stock dividend.
"This stock split reflects our confidence in Compaq's long-term growth," said
Benjamin M. Rosen, Chairman. "In addition, the lower post-split share price
will make it easier for individual investors to purchase the stock, thus
helping broaden the Company's ownership base."
The record date for the stock split is July 14, 1997. Shareholders of record
as of that date will receive three additional shares of common stock for every
two shares they own on that date. Distribution of new shares will be mailed
on or about July 28, 1997. As of June 30, 1997, Compaq had 276 million shares
outstanding. Upon completion of the split, the number will increase to 690
million shares outstanding. In addition, the number of shares that would be
issued in the recently announced proposed merger with Tandem Computers
Incorporated would be appropriately adjusted to reflect the stock split.
COMPANY BACKGROUND
Compaq Computer Corporation, a Fortune 100 company, is the fifth largest
computer company in the world and the largest global supplier of personal
computers, delivering useful innovation through products that connect people
with people and people with information. The company is an industry leader in
environmentally friendly programs and business practices. Compaq is
strategically organized to meet the current and future needs of its customers,
offering Internet and enterprise computing solutions, networking products,
commercial PC products and consumer PCs. As the leader in distributed
enterprise solutions, Compaq has shipped over a million servers. In 1996, the
company reported worldwide sales of $18.1 billion. Compaq products are sold
and supported in more than 100 countries through a network of authorized
Compaq marketing partners. Customer support and information about Compaq
And its products can be found at http://www.compaq.com or by calling
1-800-OK-COMPAQ. Product information and reseller locations can be obtained
by calling 1-800-345-1518.
# # #
Compaq, Registered U.S. Patent and Trademark Office. Product names mentioned
herein may be trademarks and/or registered trademarks of their respective
companies.
