SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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Form 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
DATE OF REPORT - August 17, 2000
(Date of earliest event reported)
Honeywell International Inc.
(Exact name of Registrant as specified in its Charter)
DELAWARE 1-8974 22-2640650
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification
incorporation) Number)
101 COLUMBIA ROAD, P.O. BOX 4000, MORRISTOWN, NEW JERSEY 07962-2497
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (973) 455-2000
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ITEM 5. OTHER EVENTS.
On August 17, 2000, Honeywell International Inc.
affirmed its plans to exit certain non-core business. We
announced that charges with these portfolio changes were
expected to range from $300 million to $350 million (pre-
tax) in the third quarter of 2000. Anticipated portfolio
changes include the divestiture of the Friction Materials
business and a loss related to an investment in a basic
chemical manufacturing company.
Repositioning and other charges, which are primarily
related to our previously announced cost-reduction
activities, are expected to be an additional $100 million to
$125 million in the third quarter.
Attached as Exhibits 99.1 and 99.2 hereto are press
releases we issued on August 24 and September 5, 2000
describing certain developments in connection with our plans
to exit non-core businesses.
This current report contains forward-looking statements
as defined in Section 21E of the Securities Exchange Act of
1934, including statements about future actions regarding
our business operations and financial charges that we expect
to make. Such forward-looking statements involve risks and
uncertainties inherent in business forecasts.
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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 hereunto duly authorized.
Date: September 8, 2000 Honeywell International Inc.
(Registrant)
By:/s/ Peter M. Kreindler
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Peter M. Kreindler
Senior Vice President and
General Counsel
