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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) MAY 14, 1997
CASE CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
(STATE OR OTHER JURISDICTION OF INCORPORATION)
1-13098 76-0433811
(COMMISSION FILE NUMBER) (I.R.S. EMPLOYER IDENTIFICATION NO.)
700 STATE STREET, RACINE, WISCONSIN 53404
(ADDRESS OF PRINCIPAL EXECUTIVE (ZIP CODE)
OFFICES)
(414) 636-6011
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
PAGE 1 OF 6 PAGES
(EXHIBIT INDEX AT PAGE 5)
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ITEM 5. OTHER EVENTS
The press release of registrant dated May 14, 1997, filed as Exhibit 99
hereto disclosing, among other things, that the Board of Directors of Case
Corporation authorized the purchase from time to time of up to 4 million shares
of the Corporation's common stock, is incorporated herein by reference.
2
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ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
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EXHIBIT NO. EXHIBIT
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99 Press release of registrant dated May 14, 1997.
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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 HEREUNTO DULY AUTHORIZED.
Case Corporation
/s/ Kevin J. Hallagan
-----------------------------------
By:
Kevin J. Hallagan
Associate General Counsel and
Assistant Secretary
May 23, 1997
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION PAGE
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<C> <S> <C>
99 Press release dated May 14, 1997, of Case Corporation. 6
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EXHIBIT 99
CASE
NEWS RELEASE
______________
CASE CORPORATION 700 STATE STREET RACINE, WI
53404 U.S.A. HTTP://WWW.CASECORP.COM
For more information, contact:
William B. Masterson (414) 636-5793
For Immediate Release
CASE CORPORATION SETS STOCK BUYBACK PROGRAM
Racine, Wisconsin (May 14, 1997)--Case Corporation (NYSE:CSE) announced
today that its board of directors has authorized the purchase of up to 4
million shares of the company's common stock from time to time. The plan was
approved today at a meeting of the company's board following its annual
meeting of shareholders.
The 4 million shares authorized for repurchase by the board represents about
5 percent of Case's approximately 74 million common shares issued and
outstanding. Timing of the program will be determined by financial and market
conditions.
Case Corporation, with revenues of nearly $5.4 billion in 1996, is
headquartered in Racine, Wisconsin, and is a leading worldwide designer,
manufacturer and distributor of agricultural and construction equipment. The
company's products are sold through a network of approximately 4,900
independent dealers and distributors in more than 150 countries. Case Credit
Corporation, a wholly owned subsidiary of the company, services a portfolio of
$4.5 billion of agricultural and construction equipment financing and leasing
contracts.
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