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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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MAY 31, 2002 (MAY 28, 2002)
(DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED))
CENDANT CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-10308 06-0918165
(STATE OR OTHER JURISDICTION (COMMISSION FILE NO.) (I.R.S. EMPLOYER
OF INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
9 WEST 57TH STREET
NEW YORK, NY 10019
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICE) (ZIP CODE)
(212) 413-1800
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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.
In connection with our $2.85 billion settlement of our principal
securities class action litigation, IN RE CENDANT CORPORATION LITIGATION, Master
File No. 98-1664 (WHW) (D.N.J.), we completed the funding of the trust
established for the benefit of the plaintiffs of such litigation on May 28,
2002. In completing this funding, we satisfied our liability arising from such
litigation. A copy of the press release announcing this funding is attached as
Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.
We continue to be involved in litigation asserting claims associated with
the accounting irregularities discovered in former CUC business units outside of
the principal securities class action litigation described above. We do not
believe that it is feasible to predict or determine the final outcome or
resolution of these unresolved proceedings. An adverse outcome from such
unresolved proceedings could be material with respect to earnings in any given
reporting period. However, we do not believe that the impact of such unresolved
proceedings should result in a material liability to us in relation to our
consolidated financial position or liquidity.
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
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Eric J. Bock
Executive Vice President -- Law
and Corporate Secretary
Date: May 31, 2002
CENDANT CORPORATION
CURRENT REPORT ON FORM 8-K
REPORT DATED MAY 31, 2002 (MAY 28, 2002)
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release issued by Cendant Corporation on May 28, 2002,
announcing that it completed funding of its principal securities
class action litigation liability.