TIDMNCRA
RNS Number : 0354H
News Corporation
13 June 2013
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): 06/13/2013
News Corporation
(Exact name of registrant as specified in its charter)
Commission File Number: 001-32352
Delaware 26-0075658
(State or other jurisdiction of (IRS Employer
incorporation) Identification No.)
1211 Avenue of the Americas
New York, NY 10036
(Address of principal executive offices, including zip code)
212-852-7000
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last
report)
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:
[ ] 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 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On June 13, 2013, News Corporation (the "Company") announced
that David F. DeVoe will retire as Chief Financial Officer of the
Company at the end of the fiscal year. Mr. DeVoe will maintain his
seat on the Company's Board of Directors and remain employed by the
Company under the terms of his current employment agreement as a
Senior Advisor. On the same day, the Company announced that John
Nallen has been appointed Senior Executive Vice President and Chief
Financial Officer of the Company, which will be re-named
Twenty-First Century Fox, Inc. and hold the Company's media and
entertainment businesses following the Company's separation on June
28, 2013 into two independent publicly-traded companies. Mr.
Nallen's appointment is effective July 1, 2013.
Mr. Nallen, 56, has served as Executive Vice President and
Deputy Chief Financial Officer of the Company since 2001, focusing
on capital market and merger and acquisition transactions and
overseeing various functional areas, including corporate finance,
tax, corporate IT, internal audit and planning and analysis. He
joined the Company in 1995 after 16 years at Arthur Andersen where
he became a CPA and a partner leading its Media Industry
Practice.
The compensatory arrangements for Mr. Nallen's service as Senior
Executive Vice President and Chief Financial Officer have not yet
been determined.
Mr. Nallen has neither family relationships nor related person
transactions with the Company that would require disclosure under
Items 401(d) or 404(a) of Regulation S-K in connection with his
appointment described above.
A copy of the Company's press release announcing the above
matters is attached hereto as Exhibit 99.1 and incorporated herein
by reference.
Item 9.01. Financial Statements and Exhibits
Exhibit
Number Description
99.1 Press release of News Corporation, dated June 13, 2013.
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.
News Corporation
Date: June 13, 2013 By: /s/ Janet Nova
Janet Nova
Senior Vice President and Deputy
General Counsel
EXHIBIT INDEX
Exhibit No. Description
EX-99.1 Press release of News Corporation, dated June 13, 2013.
Exhibit 99.1
News Corporation
___________________________________________________________________________________
N E W S R E L E A S E
Contact:
Julie Henderson
310-369-0773
jhenderson@newscorp.com
NEWS CORPORATION'S VETERAN CHIEF FINANCIAL OFFICER DAVID DEVOE
TO RETIRE AFTER COMPANY'S SEPARATION
Company Deputy Chief Financial Officer John Nallen Elevated to
Chief Financial Officer of 21st Century Fox
New York, NY - June 13, 2013 - News Corporation (NASDAQ: NWS,
NWSA; ASX: NWS, NWSLV) today announced that its veteran Chief
Financial Officer David DeVoe will retire at the end of this fiscal
year. Mr. DeVoe will maintain his seat on the Company's Board of
Directors, on which he has served since 1990, and remain a senior
advisor to the Company. John Nallen has been appointed Senior
Executive Vice President and Chief Financial Officer of the
Company, which will be re-named 21st Century Fox and hold News
Corporation's media and entertainment businesses following its
separation on June 28 into two independent, publicly traded
companies. Mr. Nallen's appointment is effective July 1, 2013.
Mr. Murdoch, Chairman and CEO of News Corporation commented, "I
would like to express my profound gratitude to Dave for his
enormous contributions to News Corp. over nearly three decades in
which he has played a pivotal role in building the Company into a
global leader. He is a world-class executive whose stellar
financial stewardship can be credited for the enviable financial
position we're in at this exciting time in the Company's evolution.
Dave has helped drive our businesses to new heights and position us
for long-term and sustainable growth. On behalf of the global News
Corp. family, I want to thank Dave for his remarkable service to
the company. The Board and I look forward to continuing to work
with him in his capacity as both a director and a valued senior
advisor."
Mr. DeVoe commented, "It's been a privilege to serve as the
Chief Financial Officer for the world's greatest media company for
over 20 years. To work with Rupert as he built News Corporation
into one of the most dynamic companies of all time was the
opportunity of a lifetime. I am incredibly grateful to Rupert,
Chase Carey and the rest of the senior management team and
directors for their collective vision, support and friendship over
the past two decades."
Following the separation, Mr. Nallen will oversee all of the
finance functions for 21st Century Fox and report to Rupert
Murdoch, the Company's Chairman and Chief Executive Officer, and to
Chase Carey, its President and Chief Operating Officer. Mr. Nallen
has served as Deputy Chief Financial Officer and an Executive Vice
President of News Corporation since 2001, having joined the company
in 1995.
Mr. Murdoch commented, "John Nallen has been a valued member of
News Corp.'s executive management team for the past 18 years. Chase
and I, and the entire management team, recognize John as a uniquely
talented executive whose leadership, track record and discipline
will help us unlock the benefits that the separation will make
possible for 21st Century Fox."
Mr. Nallen said, "I am honored to be part of 21st Century Fox's
leadership team as we embark on an exciting next chapter to drive
long-term value for our shareholders. I can't imagine a more
compelling opportunity than to work with our executive team and
Board to carry out and build on Rupert and Chase's vision for the
new 21st Century Fox."
About David DeVoe
David DeVoe has served as Chief Financial Officer and a director
of News Corporation since 1990, having joined the company in 1983
as a senior financial executive. He has served as a Senior
Executive Vice President of News Corporation since January 1996.
Mr. DeVoe has served as a director on a number of boards, including
British Sky Broadcasting Group, NDS Group Limited, Shine Limited,
Gemstar-TV Guide and DIRECTV.
About John Nallen
Mr. Nallen has served as Deputy Chief Financial Officer and an
Executive Vice President of News Corporation since 2001. In this
role, he has focused on capital market and merger and acquisition
transactions and has overseen various functional areas, including
corporate finance, tax, corporate IT, internal audit and planning
and analysis.
Mr. Nallen joined News Corporation in 1995 after 16 years at
Arthur Andersen, where he became a CPA and a partner leading its
Media Industry Practice.
News Corporation Separation
On June 28, 2012, News Corporation announced its intent to
pursue the separation of its business into two separate independent
companies, one of which will hold the Company's global media and
entertainment businesses and the other which will hold the
businesses comprising News Corporation's newspapers, information
services and integrated marketing services, digital real estate
services, book publishing, digital education and sports programming
and pay-TV distribution in Australia.
About News Corporation
News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total
assets as of March 31, 2013 of approximately US$68 billion and
total annual revenues of approximately US$35 billion. News
Corporation is a diversified global media company with operations
in six industry segments: cable network programming; filmed
entertainment; television; direct broadcast satellite television;
publishing; and other. The activities of News Corporation are
conducted principally in the United States, Continental Europe, the
United Kingdom, Australia, Asia and Latin America.
For more information about News Corporation, please visit
www.newscorp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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