WESTINGHOUSE AIR BRAKE CO /DE/
8-K, 1999-08-23
RAILROAD EQUIPMENT
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<PAGE>

                                   FORM 8-K

                      SECURITIES AND EXCHANGE COMMISSION

                            Washington, D.C. 25049


                                CURRENT REPORT


                      Pursuant to Section 13 or 15(d) of
                          the Securities Act of 1934

Date of Report (Date of earliest event reported):  August 23, 1999.



                        Westinghouse Air Brake Company
- ----------------------------------------------------------------------------
            (Exact name of registrant as specified in its charter)
<TABLE>
<CAPTION>


<S>                               <C>                <C>
         Delaware                      1-13782               25-1615902
- ----------------------------      ----------------   ----------------------------
(State or other jurisdiction      (Commission file   (IRS Employer Identification
of incorporation)                 number)            Number)

</TABLE>

             1001 Air Brake Avenue
         Wilmerding, Pennsylvania  15148                  15222
- -----------------------------------------------      -------------
     (Address of principal executive offices)            Zip Code

Registrant's telephone number, including area code:  (412) 825-1000

                                Not applicable
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)
<PAGE>

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

     (a) -- (b) Not applicable.

     (c)  Exhibit.

     99.1  Text of press release dated August 20, 1999, issued by Westinghouse
           Air Brake Company.



                                      -2-
<PAGE>

                                 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.

                                    WESTINGHOUSE AIR BRAKE COMPANY



Date:  August 23, 1999              By:  /s/ Robert J. Brooks
                                       ----------------------
                                         Robert J. Brooks
                                         Vice President and
                                         Chief Financial Officer

                                      -3-
<PAGE>

                                 EXHIBIT INDEX


<TABLE>
<CAPTION>
                                                                          Sequentially
Exhibit                                                                    Numbered
Number        Description of Exhibit                                         Page
- --------      --------------------------------------------------        --------------
<S>           <C>                                                       <C>
99.1          Text of press release dated August 20, 1999,
              issued by Westinghouse Air Brake Company.

</TABLE>

                                      -4-

<PAGE>

                                  Exhibit 99.1
                                  ------------

             Westinghouse Air Brake Company Announces Postponement
                 Of Planned Merger With MotivePower Industries

WILMERDING, Pa., Aug. 20 -- Westinghouse Air Brake Company (NYSE: WAB) (WABCO)
announced today that in light of the market volatility in its and MotivePower
Industries, Inc.'s (NYSE:  MPO) stock, shareholder reaction communicated to the
company and in order to provide shareholders additional time to evaluate
information following Wednesday's joint press release, it has determined to
postpone the meeting of its shareholders to vote upon the merger with
MotivePower Industries, Inc. that was scheduled to be held on Monday, August 23,
1999.  No date has yet been set for a new meeting.

Westinghouse Air Brake Company is North America's largest manufacturer of value
added equipment for locomotives, railway freight cars and passenger transit
vehicles.  The Company's mission is to be the leading supplier of world class
products and services to the railroad freight and transit industries, helping
its customers to achieve higher levels of safety and productivity so they can
compete more effectively.

Additional information on Westinghouse Air Brake Company is available by
contacting its web site at www.wabco-rail.com.
                           ------------------


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