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): September 27, 2002
| Delaware | 1-3863 | 34-0276860 | ||
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| (State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer 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
| Items 1.-4. | Not Applicable. | |
| Item 5. | Other Events and Regulation FD Disclosure. | |
| On September 27, 2002, Harris Corporation (“Harris”) completed the sale of its ownership interest in its LiveTV, LLC joint venture to JetBlue Airways Corporation (“JetBlue”). Pursuant to the Membership Interest Purchase Agreement entered into between Harris, the other owners of the equity of LiveTV, LLC, and JetBlue, JetBlue acquired all of the equity interests in LiveTV, LLC. Under the terms of the agreement JetBlue paid Harris $19 million cash for Harris’ interest in LiveTV, LLC. JetBlue also repaid approximately $40 million of LiveTV debt, roughly half of which was guaranteed by Harris. Harris expects to record a gain of approximately $18.5 million for this transaction. | ||
| Items 6.-9. | Not Applicable. |
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/ Bryan R. Roub |
| Name: | Bryan R. Roub |
| Title: | Senior Vice President and |
| Chief Financial Officer | |
Date: September 27, 2002