WASHINGTON MUTUAL INC
8-K, 1997-09-25
SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED
Previous: WNL SEPARATE ACCOUNT A, 497, 1997-09-25
Next: EQUICON MORTGAGE LOAN TRUST 1994-2, 8-K, 1997-09-25





                       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: September 24, 1997

                             Washington Mutual, Inc.
             (Exact Name of Registrant as specified in its charter)

         Washington                0-25188                91-1653725
(State or Other Jurisdiction (Commission File Number) IRS Identification No.
     of Incorporation)

                  1201 Third Avenue, Seattle, Washington 98101
- -----------------------------------------------------------------------------
                Address of Principal Executive Office Postal Code

                                  206-461-2000
                Registrant's telephone number including area code


     Item 5. Other Events

     Registrant  has  announced  that on November 1, 1997, it will redeem all of
the outstanding Depositary Shares, each of which represents a one-tenth interest
in one share of Registrant's  8.30% Cumulative  Preferred Stock,  Series F, at a
redemption  price of $25.00  per  Depositary  Share,  plus  accrued  but  unpaid
dividends  thereon  to and  including  November  1,  1997  (see  attached  press
release).

                                   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.

                                        WASHINGTON MUTUAL, INC.


Date:  September 24, 1997     By:      /s/ Marc R. Kittner
                                       Marc R. Kittner, Senior Vice President
                                        and Deputy General Counsel






[WM Logo]                           1201 Third Avenue              NEWS RELEASE
                                    P.O. Box 834
                                    Seattle, WA  98111


Media Contact:                      Libby Hutchinson
                                    (206) 461-2484
                                    1-800-228-WAMU (9268)

Investor Contact:                   JoAnn DeGrande          September 17, 1997
                                    (206) 461-3186       FOR IMMEDIATE RELEASE


             Washington Mutual to Redeem Series F Depositary Shares

     SEATTLE -- Washington  Mutual,  Inc.  (Nasdaq:  WAMU) today announced it is
redeeming  all of the  company's  outstanding  cumulative  preferred  depositary
shares, Series F (Nasdaq:  WAMUZ), effective Nov. 1, 1997. Each depositary share
represents a one-tenth interest in a share of 8.30% cumulative preferred stock.

     Depositary  shares will be redeemed at a  redemption  price equal to $25.00
per share, plus accrued and unpaid dividends through Nov. 1, 1997.

     Holders of depositary shares will receive written  redemption  instructions
from Harris Trust Company of California,  the trustee for the depositary shares,
within the next two weeks.

     With a  history  dating  back to  1889,  Washington  Mutual  is a  regional
financial  services  company that  provides a  diversified  line of products and
services to  consumers  and small- to  mid-sized  businesses.  Its  subsidiaries
provide  consumer and commercial  life insurance  sales,  and  underwriting  for
insurance  annuities.  At June 30, 1997,  Washington Mutual and its subsidiaries
had  consolidated  assets  of $48.8  billion.  The  merger  with  Great  Western
Financial  Corp.,  effective  July 1,  brought  the  company's  total  assets to
approximately  $93.5  billion.  The company  operates  more than 1200 offices in
thirty-eight states.

                                     # # #


     Editor's  Note:  Washington  Mutual's  press  releases are  available at no
charge  through  the  company's  News  On  Demand  Plus  System.  For a menu  of
Washington  Mutual  press  releases  or to  retrieve  a specific  release,  call
1-800-329-6236.   On  the   Internet,   press   releases   may  be  accessed  at
http://www.businesswire.com/cnn/wamu.htm



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission