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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
(MARK ONE)
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
OF 1934
FOR THE YEAR ENDED DECEMBER 31, 1994
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
ACT OF 1934
(THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION
J(1)(A) AND (B) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED
DISCLOSURE FORMAT.)
COMMISSION FILE NO. 0-6119
AVCO FINANCIAL SERVICES, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<S> <C>
DELAWARE 13-2530491
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NO.)
3349 MICHELSON DRIVE, IRVINE, CALIFORNIA 92715
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
</TABLE>
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 714-553-1200
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: NONE
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. / / Not applicable.
Aggregate market value of common stock: Not applicable.
At December 31, 1994, the Registrant had 500,000 shares of common stock ($1
par value per share) outstanding, all of which are owned by Textron Inc.
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PART IV
ITEM 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
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<C> <S> <C>
(c) Exhibits
*24(b) Powers of Attorney.
</TABLE>
------------
* Filed herewith.
1
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
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<S> <C>
AVCO FINANCIAL SERVICES, INC.
Dated March 30, 1995 By WARREN R. LYONS
-------------------------
Warren R. Lyons
President
</TABLE>
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities indicated on March 27, 1995.
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<CAPTION>
SIGNATURE TITLE
--------- -----
<S> <C>
*WARREN R. LYONS President and Director
----------------------------------------------- (Principal Executive Officer)
Warren R. Lyons
*RONALD BUKOW Executive Vice President, Treasurer and
----------------------------------------------- Director
Ronald Bukow (Principal Financial Officer)
*LEWIS B. CAMPBELL Director
-----------------------------------------------
Lewis B. Campbell
*GARY L. FITE Executive Vice President, Controller and
----------------------------------------------- Director
Gary L. Fite (Principal Accounting Officer)
*GAYLORD E. FRANCIS Executive Vice President and Director
-----------------------------------------------
Gaylord E. Francis
*JAMES F. HARDYMON Director
-----------------------------------------------
James F. Hardymon
*THOMAS P. HOLLOWELL Director
-----------------------------------------------
Thomas P. Hollowell
*RICHARD A. McWHIRTER Director
-----------------------------------------------
Richard A. McWhirter
</TABLE>
2
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<TABLE>
<CAPTION>
SIGNATURE TITLE
--------- -----
<S> <C>
*WILLIAM J. PEARSON Executive Vice President and Director
-----------------------------------------------
William J. Pearson
*MARK SCHIMBOR Executive Vice President and Director
-----------------------------------------------
Mark Schimbor
*EUGENE R. SCHUTT, JR. Executive Vice President and Director
-----------------------------------------------
Eugene R. Schutt, Jr.
*HERBERT F. SMITH Executive Vice President, Secretary and
----------------------------------------------- Director
Herbert F. Smith (General Counsel)
*THOMAS D. SOUTTER Director
-----------------------------------------------
Thomas D. Soutter
*JOHN C. SPENCE Director
-----------------------------------------------
John C. Spence
*RICHARD A. WATSON Director
-----------------------------------------------
Richard A. Watson
*By HERBERT F. SMITH
-------------------------------------------
(Herbert F. Smith, on behalf
of himself and as attorney-in-fact for
each of the other persons indicated above)
</TABLE>
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Exhibit 24.B
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS that each of the undersigned, an officer
or director, or both, of AVCO FINANCIAL SERVICES, INC., a Delaware corporation,
does hereby constitute and appoint HERBERT F. SMITH or LAILA B. SOARES with
full power of substitution to said attorney, as the true and lawful attorney
and agent of the undersigned, to do any and all acts and things and to execute
any and all instruments which said attorney and agent deems advisable, of AVCO
FINANCIAL SERVICES, INC. to comply with the Securities Act of 1934, as amended,
and any requirements of the Securities and Exchange Commission with respect
thereto in connection with the filing under the Securities Act of 1934 of an
Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934 on Form 10-K for the 1994 year of AVCO FINANCIAL SERVICES, INC., as well
as any and all amendments to said Report, including specifically, but without
limitation of the authority hereby granted, the power and authority to sign his
or her name as an officer or director, or both, of AVCO FINANCIAL SERVICES,
INC., as indicated opposite his or her signature below, to said Report, and any
such amendments, and each of the undersigned does fully ratify and confirm all
that said attorney, or any of them, or the substitute of any of them, shall do
or cause to be done by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has subscribed these
presents this 24th day of February, 1995.
W. R. LYONS President and Director
--------------------------------- (Chief Executive Officer)
W. R. Lyons
E. R. SCHUTT, JR. Executive Vice President,
--------------------------------- General Manager,
E. R. Schutt, Jr. International Operations
and Director
G. E. FRANCIS Executive Vice President,
--------------------------------- President U.S. Finance
G. E. Francis Operations and Director
R. BUKOW Executive Vice President,
--------------------------------- Treasurer, Chief Financial
R. Bukow Officer and Director
G. L. FITE Executive Vice President,
--------------------------------- Controller and Director
G. L. Fite
W. J. PEARSON Senior Vice President and
--------------------------------- Director
W. J. Pearson
H. F. SMITH Senior Vice President,
--------------------------------- Secretary and Director
H. F. Smith
J. C. SPENCE Director
---------------------------------
J. C. Spence
<PAGE> 2
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS that each of the undersigned, an officer
or director, or both, of AVCO FINANCIAL SERVICES, INC., a Delaware corporation,
does hereby constitute and appoint HERBERT F. SMITH or LAILA B. SOARES with
full power of substitution to said attorney, as the true and lawful attorney
and agent of the undersigned, to do any and all acts and things and to execute
any and all instruments which said attorney and agent deems advisable, of AVCO
FINANCIAL SERVICES, INC. to comply with the Securities Act of 1934, as amended,
and any requirements of the Securities and Exchange Commission with respect
thereto in connection with the filing under the Securities Act of 1934 of an
Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934 on Form 10-K for the 1994 year of AVCO FINANCIAL SERVICES, INC., as well
as any and all amendments to said Report, including specifically, but without
limitation of the authority hereby granted, the power and authority to sign his
or her name as an officer or director, or both, of AVCO FINANCIAL SERVICES,
INC., as indicated opposite his or her signature below, to said Report, and any
such amendments, and each of the undersigned does fully ratify and confirm all
that said attorney, or any of them, or the substitute of any of them, shall do
or cause to be done by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has subscribed these
presents this 24th day of February, 1995.
L. B. CAMPBELL Director
---------------------------------
L. B. Campbell
JAMES F. HARDYMON Director
---------------------------------
J. F. Hardymon
THOMAS P. HOLLOWELL Director
---------------------------------
T. P. Hollowell
R. A. McWHIRTER Director
---------------------------------
R. A. McWhirter
T. D. SOUTTER Director
---------------------------------
T. D. Soutter
R. A. WATSON Director
---------------------------------
R. A. Watson
POWER/TREASURY/US/10K
<PAGE> 3
POWER OF ATTORNEY
-----------------
KNOW ALL MEN BY THESE PRESENTS that each of the undersigned, an officer
or director, or both, of AVCO FINANCIAL SERVICES, INC., a Delaware corporation,
does hereby constitute and appoint HERBERT F. SMITH or LAILA B. SOARES with
full power of substitution to said attorney, as the true and lawful attorney
and agent of the undersigned, to do any and all acts and things and to execute
any and all instruments which said attorney and agent deems advisable, of AVCO
FINANCIAL SERVICES, INC. to comply with the Securities Act of 1934, as amended,
and any requirements of the Securities and Exchange Commission with respect
thereto in connection with the filing under the Securities Act of 1934 of an
Annual Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934 on Form 10-K for the 1994 year of AVCO FINANCIAL SERVICES, INC., as well
as any and all amendments to said Report, including specifically, but without
limitation of the authority hereby granted, the power and authority to sign his
or her name as an officer or director, or both, of AVCO FINANCIAL SERVICES,
INC., as indicated opposite his or her signature below, to said Report, and any
such amendments, and each of the undersigned does fully ratify and confirm all
that said attorney, or any of them, or the substitute of any of them, shall do
or cause to be done by virtue hereof.
IN WITNESS WHEREOF, each of the undersigned has subscribed these
presents this 27th day of February, 1995.
M. A. SCHIMBOR Executive Vice President,
--------------------------------- President U.S. Finance
M. A. Schimbor Operations and Director
