eightk.htm
UNITED
STATES
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): July 18, 2007
TEXTRON
INC.
(Exact
name of Registrant as specified in its charter)
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Delaware
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I-5480
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05-0315468
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(State
of
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(Commission
File Number)
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(IRS
Employer
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Incorporation)
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|
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Identification
Number)
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40
Westminster Street, Providence, Rhode Island 02903
(Address
of principal executive offices)
Registrant’s
telephone number, including area code: (401) 421-2800
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instructions A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c)) under the Exchange
Act (17 CFR 240.13e-4(c))
Item
2.02 Results
of Operations and Financial Condition
On
July
19, 2007 Textron Inc. (“Textron”) issued a press release announcing its
financial results for the fiscal quarter ended June 30, 2007. This
press release is attached hereto as Exhibit 99.1 and is incorporated herein
by
reference.
Item
8.01 Other
Events
On
July
18, 2007, Textron’s Board of Directors declared a two-for-one stock split of
Textron’s common stock. The stock split will be in the form of a 100%
stock dividend payable upon each issued share of common stock on August 24,
2007
to shareholders of record at the close of business on August 3,
2007. Textron’s employee benefit plans and outstanding awards granted
under them will be appropriately adjusted to reflect the stock
dividend.
On
July
18, 2007, Textron’s Board of Directors also approved an increase in the
annualized dividend rate payable on Textron’s common stock from a pre-split rate
of $1.55 per share to a pre-split rate of $1.84 per share. On a
split-adjusted basis, the increase in the dividend rate will result in an
annualized dividend rate of $.92 per share which translates to a quarterly
dividend rate of $.23 per share. The dividend rate increase will go
into effect for the quarterly dividend payment to be made on October 1, 2007
to
shareholders of record on September 14, 2007.
Also
on
July 18, 2007, Textron’s Board of Directors authorized the repurchase by Textron
from time to time, in transactions on or off a national securities exchange,
at
prices not exceeding the market price of such shares then prevailing on such
exchange, of up to an aggregate of 24 million shares of Textron common stock,
stated on a split-adjusted basis. The program replaces Textron’s
previous 12 million share repurchase program authorized January 26, 2006 which
has been substantially exercised.
A
copy of
the press release related to these events is attached as Exhibit
99.2.
Item
9.01 Financial
Statements and Exhibits
(d)
Exhibits
The
following exhibits are filed
herewith:
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Exhibit
Number
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Description
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| |
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99.1
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Press
release dated July 19, 2007 related to earnings
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| |
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99.2
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Press
release dated July 19, 2007 related to other
events
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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.
TEXTRON
INC.
(Registrant)
By:
/s/Mary F. Lovejoy
Mary
F. Lovejoy
Vice
President and
Treasurer
Date: July
19, 2007
EXHIBIT
INDEX
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Exhibit
No.
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Description
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| |
|
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99.1
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Press
release dated July 19, 2007 related to earnings
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| |
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99.2
|
Press
release dated July 19, 2007 related to other
events
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