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: October 12, 1995
(Date of earliest event reported)
FORD HOLDINGS, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
33-32641 38-2890269
(Commission File Number) (IRS Employer Identification No.)
The American Road, Dearborn, Michigan 48121
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
Item 5. Other Events
News release dated October 12, 1995, filed as Exhibit 20 to this Current
Report on Form 8-K, is incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
EXHIBITS
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Designation Description Method of Filing
- ----------- ----------- ----------------
Exhibit 20 News release dated Filed with this Report
October 12, 1995
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 on the date indicated.
FORD HOLDINGS, INC.
(Registrant)
Date: October 12, 1995 By:/s/L. J. Ghilardi
---------------------------
L. J. Ghilardi
Assistant Secretary
tshanley\8-K\october.fhi
<PAGE>
EXHIBIT INDEX
DESIGNATION DESCRIPTION PAGE
- ----------- ----------- ----
Exhibit 20 News release dated
October 12, 1995
Global News Communications
Ford Motor Company
The American Road
Room 904
Dearborn, Michigan 48121
Telephone:(313)322-9600
Fax: (313)845-0570
(313)337-1764
NEWS Contact: Terry Bresnihan (313)322-9600
Mary Joseph (313)322-4466
FORD HOLDINGS TO BUY BACK PREFERRED STOCK
DEARBORN, Mich., Oct. 12 -- Ford Holdings, Inc., a subsidiary of Ford
Motor Company, will file with the SEC early next week its intention to
exchange for cash its publicly held preferred stock (approximately $2
billion). The filing is subject to approval by the Ford Holdings Board of
Directors.
If approved, Ford Holdings will pay shareholders the price at which the
stock was originally issued, plus accrued dividends.
Ford Holdings, formed in 1989, owns and manages a number of assets for
Ford Motor Company, including the non-automotive financing businesses.
"Buying back the publicly held preferred stock will further strengthen
our capital structure while eliminating the ongoing high cost of the
preferred stock dividends," said John Devine, chairman of Ford Holdings and
chief financial officer of Ford Motor Company. "What's more, it will give
us more flexibility as we review our strategies."
Ford has announced that it is reviewing strategies for its non-automotive
finance units.
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10-12-95
