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 16, 1999
------------------
NORTHERN TRUST CORPORATION
---------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware
---------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
0-5965 36-2723087
------------------------------- --------------------------------
(Commission File Number) (IRS Employer Identification No.)
50 South LaSalle Street, Chicago, Illinois 60675
---------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (312) 630-6000
-----------------
<PAGE> 2
Item 5. Other Events
------------
Northern Trust Corporation announced in a news release dated
November 16, 1999, that its Board of Directors had declared a 2-for-1
split of the common stock of the Corporation, to be effected by means
of a 100% stock distribution. One share for each share held by
stockholders of record on November 29, 1999, will be distributed on
December 9, l999.
The Corporation also announced the declaration of a quarterly
cash dividend on shares of its common stock outstanding after the
split in the amount of 13.5 cents per share, payable January 3, 2000,
to holders of record on December 10, 1999. This dividend, taking into
account the stock distribution, represents an increase of 12.5% over
the previous dividend.
Item 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits
Exhibit (99) Additional Exhibits: Northern Trust Corporation
News Release dated
November 16, 1999.
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.
NORTHERN TRUST CORPORATION
(Registrant)
By: /s/ Peter L. Rossiter
----------------------------
Peter L. Rossiter
Executive Vice President and
General Counsel
Date: November 17, 1999
<PAGE> 3
EXHIBIT INDEX
-------------
The following exhibit is filed herewith:
Exhibit
Number Description
------- -----------
(99) Northern Trust Corporation News Release
dated November 16, 1999
EXHIBIT 99
----------
NEWS RELEASE
NORTHERN TRUST CORPORATION
50 SOUTH LASALLE STREET
CHICAGO, ILLINOIS 60675
Contact: Laurie McMahon, Investor Relations
(312) 444-7811 or
Dianne Kotsogiannis, Public Relations
(312) 444-4281 http://www.northerntrust.com
----------------------------
Release #01492
FOR IMMEDIATE RELEASE
---------------------------
NORTHERN TRUST ANNOUNCES 2-FOR-1 STOCK SPLIT AND 12.5% DIVIDEND
INCREASE
(CHICAGO, November 16, 1999) Northern Trust Corporation today
announced that its Board of Directors declared a 2 for 1 split of the
common stock of the Corporation, to be effected by means of a 100%
stock distribution. One share for each share held by shareholders of
record on November 29, 1999, will be distributed on December 9, 1999.
The Corporation also announced the declaration of a quarterly cash
dividend on shares of its common stock outstanding after the split in
the amount of 13.5 cents per share, payable January 3, 2000, to
holders of record as of December 10, 1999. This dividend, taking into
account the stock distribution, represents an increase of 12.5% over
the previous dividend.
William A Osborn, Chairman and Chief Executive Officer, stated,
"The increase in outstanding shares resulting from the stock split
should permit wider distribution and interest in our stock, while the
increase in the cash dividend is consistent with the growth in
earnings and our positive outlook for the future."
