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) December 9, 1999
001-13836
(Commission File Number)
------------------------------
TYCO INTERNATIONAL LTD.
(Exact name of registrant as specified in its charter)
Bermuda Not applicable
(State of Incorporation) (IRS Employer
Identification Number)
The Gibbons Building, 10 Queen Street, Suite 301, Hamilton, HM11, Bermuda
(Address of registrant's principal executive office)
441-292-8674*
(Registrant's telephone number)
------------------------------
*The executive offices of Registrant's principal United States subsidiary, Tyco
International (US) Inc., are located at One Tyco Park, Exeter, New Hampshire
03833. The telephone number there is (603) 778-9700.
<PAGE>
ITEM 5. Other Events
Reference is made to the press release issued to the public by
the Registrant on December 9, 1999, the text of which is attached hereto as
Exhibit 99.1, for a description of the events reported pursuant to this Form
8-K.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
Exhibit Number Title
- -------------- -----
99.1 Press Release dated December 9, 1999
<PAGE>
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, thereunto duly authorized.
TYCO INTERNATIONAL LTD.
By: /s/ Mark H. Swartz
---------------------------------
Mark H. Swartz
Executive Vice President and
Chief Financial Officer
(Principal Accounting and
Financial Officer)
Date: December 9, 1999
<PAGE>
Exhibit Index
Exhibit Number Title
- -------------- -----
99.1 Press Release dated December 9, 1999
Exhibit 99.1
Tyco International Ltd.
The Gibbons Building
10 Queen Street, Suite 301
Hamilton HM11, Bermuda
FOR IMMEDIATE RELEASE CONTACT:
J. Brad McGee
Tyco International (US) Inc.
Senior Vice President
(603) 778-9700
Hamilton, Bermuda, December 9, 1999 - Tyco International Ltd.
(NYSE-TYC, LSE-TYI, BSX-TYC) said today that it was advised yesterday that the
staff of the U.S. Securities and Exchange Commission is conducting a "nonpublic,
informal inquiry" relating to charges and reserves taken in connection with the
company's acquisitions. Pursuant to this inquiry, Tyco will be providing
information and documents to the staff on a voluntary basis.
"In light of the recent market activity in our stock, which is not
justified by any development at the company, we welcome the opportunity to
respond to this request. We remain confident of our accounting methodology, our
public disclosures and the continuing strength of our business," said L. Dennis
Kozlowski, Chairman and CEO of Tyco.
The company's Annual Report on Form 10-K for the 1999 fiscal year will
be filed on December 13, 1999 as scheduled.
Tyco International Ltd., a diversified manufacturing and service
company, is the world's largest manufacturer and servicer of electrical and
electronic components and undersea telecommunications systems, the world's
largest manufacturer, installer, and provider of fire protection systems and
electronic security services, has strong leadership positions in disposable
medical products, plastics, and adhesives, and is the largest manufacturer of
flow control valves. The Company operates in more than 80 countries around the
world and has expected fiscal 2000 revenues in excess of $25 billion.
FORWARD LOOKING INFORMATION
Comments in this release concerning expected fiscal 2000 and Tyco's
expectations for continuing business strength are forward-looking statements,
which are based on management's good faith expectations and belief concerning
future developments. Actual results may materially differ from these
expectations as a result of many factors, relevant examples of which are set
forth in the "Management Discussion and Analysis" section of the Tyco's 1998
Annual Report to Shareholders, Tyco's 1998 Annual Report on Form 10-K, Tyco's
Current Report on Form 8-K filed on June 3, 1999.
# # #
120999 518
