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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: November 5, 1998
SUN COMPANY, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-6841 23-1743282
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(State or other (Commission (IRS employer
jurisdiction of file number) identification
incorporation) number)
Ten Penn Center, 1801 Market Street, Philadelphia, PA 19103-1699
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(Address of principal executive offices) (Zip Code)
(215) 977-3000
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(Registrant's telephone number, including area code)
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Item 5. Other Events.
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On November 5, 1998, Sun Company, Inc. issued a press release
announcing that it has changed its corporate name, and will conduct its
business as "Sunoco, Inc." The press release also announced that the
Company is updating its logo and service station design and has established
an internet website. A copy of such press release is attached hereto as
Exhibit 99.1.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits.
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(c) Exhibits
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99.1 Sun Company, Inc. Press Release dated November 5, 1998.
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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 thereunto duly authorized.
SUN COMPANY, INC.
BY s/ JOSEPH P. KROTT
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Joseph P. Krott
Comptroller
(Principal Accounting Officer)
DATE November 5, 1998
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EXHIBIT INDEX
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Exhibit
Number Exhibit
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99.1 Sun Company, Inc. Press Release dated November 5, 1998.
<PAGE> 1 Exhibit 99.1
SUN COMPANY CHANGES CORPORATE NAME TO SUNOCO,
UPDATES LOGO AND SERVICE STATION DESIGN,
ESTABLISHES INTERNET WEB SITE
PHILADELPHIA, Nov. 5, 1998 - On Friday, Nov. 6, 1998, Sun Company, Inc.
will officially change its name to Sunoco, Inc., the company announced
today.
At the same time, the familiar Sunoco logo is being updated and Sunoco
retail outlets are being redesigned. The company is also debuting its new
Internet Web site - www.SunocoInc.com.
"We think it makes sense to call ourselves by the name that identifies
us best, and that is Sunoco," said Chairman and Chief Executive Officer
Robert H. Campbell. "Not only is the Sunoco logo a familiar presence at
service stations and convenience stores throughout our fuels marketing
territory, it is known worldwide in lubricants and chemicals marketing.
"Millions of customers recognize the Sunoco name, and it carries a solid
reputation -- and a long history -- of outstanding quality and excellent
service. Those are strong competitive advantages, and we are intent on
using every advantage to enhance our business position."
Campbell noted that the Sunoco name was first used in 1906 as a
contraction of Sun Oil Company and that the Sunoco logo has been in use
since 1920, when the company opened its first "filling station" in Ardmore,
Pa. (The location is still in operation as a Sunoco Ultra Service Center.)
The revisions to the Sunoco logo mark the first changes since 1954, when
the arrow was moved from horizontal to diagonal and the lettering slightly
changed. Several alternatives to that design were consumer tested, and the
one selected represents the image that consumers like best. All the
elements of the current logo are retained - the blue and yellow colors, the
diamond shape, the Sunoco name and the diagonal red arrow - but changes in
lettering and other design features give it a more contemporary look.
Rollout of the new logo and new station design, developed by Atlanta
design firm Antista Fairclough, has already begun, with the entire
conversion scheduled to take place over an extended period of time. The
new design includes more colorful graphics on canopies and dispensers, as
well as a bright yellow background for Aplus convenience store signs and
updated signage at Sunoco Ultra Service Centers.
Campbell added that the company's new Web site is on line as of today.
"Consumers, investors, and anyone interested in Sunoco can get financial
information as well as information about our products and services, our
various businesses, our environmental commitment, our history, and much
more at www.SunocoInc.com," he noted.
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The New York Stock Exchange trading symbol for the company remains SUN.
The company's new corporate CUSIP number, issued in conjunction with the
change of name, is 86764P 10 9. Holders of existing common stock
certificates in the name of Sun Company, Inc. do not need to exchange their
certificates for new ones.
Headquartered in Philadelphia, Sunoco, Inc. operates five domestic
refineries with approximately 700,000 barrels per day of crude oil
processing capacity and markets gasoline under the Sunoco brand through
approximately 3,800 Sunoco outlets in 17 states from Maine to Virginia and
west to Indiana. The company sells lubricants and petrochemicals
worldwide, operates domestic pipelines and terminals, and manufactures
metallurgical-grade coke for use in the steel industry. For further
information, check the company's new Web Site at http://www.SunocoInc.com.
For further information contact:
Bud Davis (media) 215-977-3485
Terry Delaney (investors) 215-977-6106
