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):January 23, 1996
PITTWAY CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 13-5616408
(State of other jurisdiction (IRS Employer
of incorporation) Identification Number)
1-4821
(Commission File Number)
200 South Wacker Drive, Suite 700, Chicago, Illinois 60606-5802
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 831-1070
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
On January 23, 1996, Registrant declared a 3-for-2 stock split
in the form of a 50% stock dividend on its Common and Class A Common
stock, payable March 1, 1996 to stockholders of record February 14.
The stock split, along with the declaration of a split-adjusted
quarterly dividend, are more fully described in the press release
filed as Exhibit 99 hereto, which is hereby incorporated by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
Sequentially
Exhibit No. Description Numbered Page
99 Press release 3
dated
January 23, 1996
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.
PITTWAY CORPORATION
(Registrant)
Dated: January 25, 1996 By: /s/ Paul R. Gauvreau
Paul R. Gauvreau
Financial Vice President
and Treasurer
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Exhibit 99
Pittway Corporation
January 25, 1996
Form 8-K
FROM: FOR:
EDELMAN WORLDWIDE PITTWAY CORPORATION
200 E. Randolph Drive 200 S. Wacker Drive
63rd Floor Suite 700
Chicago, IL 60601 Chicago, IL 60606-5802
312-240-3000 312-831-1070
For further information, contact:
Gary Strong at Edelman Worldwide
FOR IMMEDIATE RELEASE
PITTWAY SPLITS STOCK 3-FOR-2 AND
DECLARES QUARTERLY DIVIDENDS
CHICAGO, IL, January 23, 1996 -- Pittway Corporation (AMEX) declared a
3-for-2 stock split in the form of a 50% stock dividend on its Common
and Class A Common stock, payable March 1, 1996 to stockholders of
record February 14. Pittway also declared a quarterly dividend,
adjusted for the 3-for-2 split, of 8.33 cents per Class A share and
6.67 cents per Common share, equivalent to its prior quarterly
dividend. Under Pittway's charter, any quarterly dividend on Class A
shares, adjusted for the split, is required to be 1 2/3 cents per share
higher than the dividend on Common shares. The cash dividends are
payable April 2, 1996 to stockholders of record March 15.
Pittway is a manufacturer and distributor of professional
burglar and fire alarm equipment; a publisher of trade magazines and
directories; and a participant in joint venture real estate
developments.
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