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| HRS > SEC Filings for HRS > Form 8-K on 31-Mar-2009 | All Recent SEC Filings |
31-Mar-2009
Other Events, Financial Statements and Exhibits
On March 31, 2009, Harris Corporation (the "Company") issued a press release announcing that its Board of Directors has approved the spin-off to its shareholders of all the shares of Harris Stratex Networks, Inc. ("HSTX") owned by the Company. The spin-off will take place in the form of a taxable pro rata stock dividend payable on May 27, 2009 to the Company's shareholders of record as of 5:30 p.m. Eastern Time on May 13, 2009, the record date for the spin-off dividend. The Company's shareholders will receive approximately .24 of a share of HSTX Class A common stock for every share of Company common stock they own on the record date. The Company currently owns 32,913,377 shares of Class B common stock of HSTX, which will be exchanged for an equivalent number of shares of HSTX Class A common stock by the Company prior to the distribution. Following the distribution, only Class A common stock of HSTX will be outstanding. The Company's shareholders entitled to receive HSTX shares do not need to take any action and will receive a book entry account statement reflecting their ownership of HSTX shares or their brokerage account will be credited with the HSTX shares. The full text of the press release is filed herewith as Exhibit 99.1 and is incorporated herein by reference.
(d) Exhibits.
The following exhibit is filed herewith:
99.1 Press Release, issued by Harris Corporation on March 31, 2009.
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