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
April 3, 2003 (April 3, 2003)
(Date of Report (Date of Earliest Event Reported))
Cendant Corporation
(Exact name of Registrant as specified in its charter)
| Delaware (State or other jurisdiction of incorporation or organization) |
1-10308 (Commission File No.) |
06-0918165 (I.R.S. Employer Identification Number) |
| 9 West 57th Street New York, NY (Address of principal executive office) |
10019 (Zip Code) |
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| (212) 413-1800 (Registrant's telephone number, including area code) |
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| None (Former name, former address and former fiscal year, if applicable) |
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Item 5. Other Events
EXCEPT AS EXPRESSLY INDICATED OR UNLESS THE CONTEXT OTHERWISE REQUIRES, "CENDANT", "WE", "OUR", OR "US" MEANS CENDANT CORPORATION, A DELAWARE CORPORATION, AND ITS SUBSIDIARIES.
On April 3, 2003, we announced that our Board of Directors has authorized a $500 million increase in our share repurchase program. A copy of the press release announcing such increase in our share repurchase program is attached as Exhibit 99 to this Form 8-K and is incorporated by reference herein.
Item 7. Exhibits
See Exhibit Index.
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.
| CENDANT CORPORATION | ||||
By: |
/s/ ERIC J. BOCK Eric J. Bock Executive Vice President and Corporate Secretary |
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| Date: April 3, 2003 |
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CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
Report Dated April 3, 2003 (April 3, 2003)
EXHIBIT INDEX
| Exhibit No. |
Description |
|
|---|---|---|
99 |
Press Release issued by Cendant Corporation on April 3, 2003, announcing a $500 million increase in its share repurchase program. |
CENDANT
BOARD AUTHORIZES $500 MILLION INCREASE
IN COMPANY’S
SHARE REPURCHASE PROGRAM
New York, NY, April 3, 2003—Cendant Corporation (NYSE: CD) today announced that its Board of Directors has authorized a $500 million increase in the Company’s share repurchase program. The increase is consistent with Cendant’s previously stated strategy of utilizing approximately 25% of its available cash on an annual basis to repurchase the Company’s common stock.
About Cendant Corporation
Cendant Corporation is primarily a
provider of travel and residential real estate services. With approximately 90,000
employees, New York City-based Cendant provides these services to businesses and consumers
in over 100 countries.
Media Contact:
Elliot Bloom
212-413-1832
Investor Contacts:
Sam Levenson
212-413-1834
Henry A. Diamond
212-413-1920