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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest
event reported): MAY 9, 2001
HARRIS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-3863 34-0276860
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer
incorporation) Identification No.)
1025 West NASA Blvd., Melbourne, FL 32919
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (321) 727-9100
No Change
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(Former name or former address, if changed since last report.)
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Items 1.-4. Not Applicable.
Item 5. Other Events.
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On May 9, 2001, Harris Corporation ("Harris" or the "Company")
announced that it has entered into a definitive agreement to sell its minority
membership interest in GE-Harris Railway Electronics LLC to General Electric
Company.
This limited liability company was formed in 1995 and is owned
51% by General Electric Company and 49% by Harris. Harris will receive cash in
the amount of $50 million for its minority interest. The transaction, which is
subject to antitrust approval, is expected to close during the Company's current
fiscal quarter, which ends June 30, 2001.
A copy of the press release is filed hereto as Exhibit 99 and
is incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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(a) Financial Statements.
None.
(b) Pro Forma Financial Information.
None.
(c) Exhibits.
The following documents are filed as Exhibits to this
Report:
2.1 Membership Interest Purchase Agreement,
dated as of April 30, 2001, between Harris
Corporation and VFC Capital, Inc. (a
wholly-owned subsidiary of Harris
Corporation), on the one hand, and General
Electric Company and GE Investment Ventures,
Inc. (a wholly-owned subsidiary of General
Electric Company), on the other hand.
99. Press Release, dated May 9, 2001, announcing
that Harris has signed a definitive
agreement to sell its minority membership
interest in GE-Harris Railway Electronics
LLC to General Electric Company.
Items 8.-9. Not Applicable.
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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 hereunto duly authorized.
HARRIS CORPORATION
By: /s/ Richard L. Ballantyne
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Name: Richard L. Ballantyne
Title: Vice President, General Counsel
and Secretary
Date: May 9, 2001
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EXHIBIT INDEX
Exhibit No.
Under Reg.
S-K, Item 601 Description
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2.1 Membership Interest Purchase Agreement,
dated as of April 30, 2001, between
Harris Corporation and VFC Capital, Inc.
(a wholly-owned subsidiary of Harris
Corporation), on the one hand, and
General Electric Company and GE
Investment Ventures, Inc. (a
wholly-owned subsidiary of General
Electric Company), on the other hand.
99. Press Release, dated May 9, 2001,
announcing that Harris has signed a
definitive agreement to sell its
minority membership interest in
GE-Harris Railway Electronics LLC to
General Electric Company.