<SEC-DOCUMENT>0001157523-13-000928.txt : 20130221
<SEC-HEADER>0001157523-13-000928.hdr.sgml : 20130221
<ACCEPTANCE-DATETIME>20130221070520
ACCESSION NUMBER:		0001157523-13-000928
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130220
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20130221
DATE AS OF CHANGE:		20130221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ITT Corp
		CENTRAL INDEX KEY:			0000216228
		STANDARD INDUSTRIAL CLASSIFICATION:	PUMPS & PUMPING EQUIPMENT [3561]
		IRS NUMBER:				135158950
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05672
		FILM NUMBER:		13628825

	BUSINESS ADDRESS:	
		STREET 1:		1133 WESTCHESTER AVENUE
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10604
		BUSINESS PHONE:		914.641.2041

	MAIL ADDRESS:	
		STREET 1:		1133 WESTCHESTER AVENUE
		CITY:			WHITE PLAINS
		STATE:			NY
		ZIP:			10604

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT CORP
		DATE OF NAME CHANGE:	20060705

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT INDUSTRIES INC
		DATE OF NAME CHANGE:	19951220

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ITT CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a50571431.htm
<DESCRIPTION>ITT CORPORATION 8-K
<TEXT>
<html>
  <head>
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<!--Copyright 2013 Business Wire, a Berkshire Hathaway company.-->
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  <body style="font-size: 10pt; font-family: Times New Roman">
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><font style="font-size: 12pt"><br style="font-size: 12pt"></font><b>WASHINGTON,
      D.C. 20549</b><br><br><font style="font-family: Times New Roman; font-size: 18pt"><b>FORM
      8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Date
      of Report:</b></font><font style="font-family: Times New Roman; font-size: 10pt">
      </font><font style="font-family: Times New Roman; font-size: 10pt"><b>February
      20, 2013</b></font><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Date
      of earliest event reported)</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-size: 12pt; font-family: Times New Roman"></font><br><font style="font-family: Times New Roman; font-size: 18pt"><b>ITT
      CORPORATION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><font style="font-size: 11pt"><br style="font-size: 11pt"></font>
    </p>
    <p style="text-align: center">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>Indiana</b></font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; white-space: nowrap; width: 34%; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>1-5672</b></font>
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; white-space: nowrap; width: 33%; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>13-5158950</b></font>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of incorporation)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 34%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            File Number)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px; width: 33%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <b>1133 Westchester Avenue</b><br><b>White Plains, New York</b><br>(Address
      of principal executive offices)<br><br><b>10604</b><br>(Zip Code)<br><br><b>(914)
      641-2000</b><br>Registrant&#8217;s telephone number, including area code:<br><br><b>Not
      Applicable</b><br>Former name or former address, if changed since last
      report<br><br><br>
    </p>
    <p style="text-align: left; font-size: 10pt; font-family: Times New Roman">
      <font style="font-family: Times New Roman; font-size: 10pt">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:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))</font>
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      <b>Item 5.02. &#160;Departure of Directors or Certain Officers; Election of
      Directors, Appointment of Certain Officers; Compensatory Arrangements of
      Certain Officers.</b>
    </p>
    <p>
      <i><b>Departure of Certain Directors; Nomination of Director</b></i>
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      On February 20, 2013, the Board of Directors announced that Paul J.
      Kern, Markos I. Tambakeras and Linda S. Sanford will retire from the
      Board of Directors (the &#8220;Board&#8221;) of ITT Corporation (the &#8220;Company&#8221; or
      &#8220;ITT&#8221;) effective as of the end of their term, which is the day
      immediately prior to the Company&#8217;s annual meeting of shareholders on May
      7, 2013 (the &#8220;Annual Meeting&#8221;).&#160;&#160;The retirement of Messrs. Kern and
      Tambakeras was in accordance with the Distribution Agreement, dated as
      of October 25, 2011, among the Company, Exelis Inc. (&#8220;Exelis&#8221;) and Xylem
      Inc. (&#8220;Xylem&#8221;) entered into in connection with the spin-off of Exelis
      and Xylem from the Company on October 31, 2011.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      In connection with the retirement of Ms. Sanford and Messrs. Kern and
      Tambakeras, the Board has nominated Richard P. Lavin to stand for
      election to the Board at the Annual Meeting.&#160;&#160;Mr. Lavin, 61, is the
      former group president, construction industries and growth markets, for
      Caterpillar Inc.&#160;&#160;Prior to becoming group president, Mr. Lavin held a
      number of leadership positions during a nearly 30-year career at
      Caterpillar including chairman of Caterpillar (China) Investment Co.
      Ltd.; vice president, operations and manufacturing, Asia Pacific; and
      vice president, human services division.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      The Board expects to reduce its size in connection with the retirement
      of Ms. Sanford and Messrs. Kern and Tambakeras and the nomination of Mr.
      Lavin.
    </p>
    <p style="text-align: justify; text-indent: 30.0px">
      A press release issued by the Company announcing Mr. Lavin&#8217;s nomination,
      as well as the departure of Ms. Sanford and Messrs. Kern and Tambakeras,
      is attached hereto as Exhibit 99.1.
    </p>
    <p style="white-space: nowrap">

    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="white-space: nowrap; text-indent: 30.0px">
      (d)&#160;&#160;Exhibits
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 15%; border-bottom: solid black 1.0pt">
          Exhibit No.
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%; border-bottom: solid black 1.0pt">
          Description
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; white-space: nowrap; width: 15%; padding-right: 0.0px">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 80%">
          Press Release issued by ITT Corporation, dated February 21, 2013
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: left">

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font><br>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">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.</font>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="margin-left:auto;margin-right:auto; width: 100%; margin-bottom: 10.0px; font-size: 10pt; font-family: Times New Roman">
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          ITT CORPORATION
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="3" valign="top" style="text-align: left; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Registrant)
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 39%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td colspan="2">

        </td>
        <td style="width: 39%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 50%; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 21, 2013
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%; padding-bottom: 2.0px">
          By:
        </td>
        <td colspan="2" valign="top" style="text-align: left; padding-left: 0.0px; border-bottom: solid black 1.0pt">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Burt M. Fealing
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 7%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Name:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 39%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Burt M. Fealing
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 50%">

        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 4%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 7%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Title:
          </p>
        </td>
        <td valign="top" style="text-align: left; padding-left: 0.0px; width: 39%">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President, General Counsel and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a50571431ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
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  <body style="font-size: 8pt; font-family: Times New Roman">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>ITT
      Nominates Richard P. Lavin to Its Board of Directors</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Company
      also announces retirement of three board members</b></font></i>
    </p>
    <p>
      WHITE PLAINS, N.Y.--(BUSINESS WIRE)--February 21, 2013--ITT Corporation
      (NYSE: ITT) today announced it has nominated Richard P. Lavin to its
      Board of Directors. Lavin, 61, is the former group president,
      construction industries and growth markets, for Caterpillar Inc.
    </p>
    <p>
      Lavin held a number of leadership positions during his nearly 30-year
      career with Caterpillar including chairman of Caterpillar (China)
      Investment Co. Ltd.; vice president, operations and manufacturing, Asia
      Pacific; and vice president, human services division.
    </p>
    <p>
      &#8220;We are very pleased to welcome Richard to our Board of Directors,&#8221; said
      Denise Ramos, chief executive officer and president. &#8220;As a successful
      industrial manufacturing operations executive with extensive experience
      in Asia, his knowledge and perspective will be powerful assets for ITT
      as we continue to grow this business globally.&#8221;
    </p>
    <p>
      Lavin will be nominated to the Board of Directors and be subject to
      shareowner approval during the company&#8217;s May 7 annual shareowners
      meeting, along with other nominees named in ITT&#8217;s 2013 proxy statement.
    </p>
    <p>
      In addition, as previously announced as part of ITT&#8217;s 2011 separation
      plan, Markos I. Tambakeras, an ITT director since 2001, and Paul J.
      Kern, an ITT director since 2008, will retire from ITT&#8217;s Board of
      Directors, effective as of the company&#8217;s May 7 shareowners meeting.
    </p>
    <p>
      &#8220;Markos and Paul have provided invaluable insights to ITT, most recently
      through our very successful separation plan, and they provided important
      historical perspective to guide us through our first year as a newly
      focused and truly global diversified industrial company,&#8221; Ramos said.
      &#8220;We have benefited from their insights, and I appreciate their
      commitment to this company and its long-term success.&#8221;
    </p>
    <p>
      The company also announced that Linda S. Sanford, an ITT director since
      1998, will retire from the Board of Directors, effective May 7.
    </p>
    <p>
      &#8220;During the past 15 years, Linda has been a strong presence on our Board
      of Directors and has helped guide our strategies to continually drive
      profitable growth and create value for shareowners,&#8221; Ramos said. &#8220;I have
      valued her counsel and perspective, which includes a sophisticated view
      of information technology systems and communications, and I appreciate
      her commitment and many contributions to ITT.&#8221;
    </p>
    <div style="width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>About ITT</b></u>
    </p>
    <p>
      ITT is a diversified leading manufacturer of highly engineered critical
      components and customized technology solutions for the energy,
      transportation and industrial markets. Building on its heritage of
      innovation, ITT partners with its customers to deliver enduring
      solutions to the key industries that underpin our modern way of life.
      Founded in 1920, ITT is headquartered in White Plains, N.Y., with
      employees in more than 35 countries and sales in a total of
      approximately 125 countries. The company generated 2011 revenues of $2.1
      billion. For more information, visit <u>www.itt.com</u>.
    </p>
    <p>
      <u><b>Safe Harbor Statement</b></u>
    </p>
    <p>
      Certain material presented herein includes forward-looking statements
      intended to qualify for the safe harbor from liability established by
      the Private Securities Litigation Reform Act of 1995. These
      forward-looking statements include, but are not limited to, future
      strategic plans and other statements that describe the company&#8217;s
      business strategy, outlook, objectives, plans, intentions or goals, and
      any discussion of future operating or financial performance. Whenever
      used, words such as &quot;anticipate,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;project,&quot;
      &quot;intend,&quot; &quot;plan,&quot; &quot;believe,&quot; &quot;target&quot; and other terms of similar meaning
      are intended to identify such forward-looking statements.
      Forward-looking statements are uncertain and to some extent
      unpredictable, and involve known and unknown risks, uncertainties and
      other important factors that could cause actual results to differ
      materially from those expressed or implied in, or reasonably inferred
      from, such forward-looking statements. Factors that could cause results
      to differ materially from those anticipated include, but are not limited
      to: Uncertainties with respect to our estimation of asbestos liability
      exposures, third-party recoveries and net cash flow; economic, political
      and social conditions in the countries in which we conduct our
      businesses; changes in U.S. or International sales and operations;
      contingencies related to actual or alleged environmental contamination,
      claims and concerns; decline in consumer spending; sales and revenues
      mix and pricing levels; availability of adequate labor, commodities,
      supplies and raw materials; interest and foreign currency exchange rate
      fluctuations and changes in local government regulations; competition,
      industry capacity and production rates; ability of third parties,
      including our commercial partners, counterparties, financial
      institutions and insurers, to comply with their commitments to us; our
      ability to borrow and availability of liquidity sufficient to meet our
      needs; changes in the value of goodwill or intangible assets; our
      ability to achieve stated synergies or cost savings from acquisitions or
      divestitures; the number of personal injury claims filed against the
      companies or the degree of liability; our ability to effect
      restructuring and cost reduction programs and realize savings from such
      actions; changes in our effective tax rate as a result in changes in the
      geographic earnings mix, tax examinations or disputes, tax authority
      rulings or changes in applicable tax laws; government regulations and
      compliance therewith, including Dodd-Frank legislation involving such
      issues as conflict minerals; changes in technology; intellectual
      property matters; governmental investigations; potential future employee
      benefit plan contributions and other employment and pension matters;
      susceptibility to market fluctuations and costs as a result of becoming
      a smaller, more focused company after the spin-off; changes in generally
      accepted accounting principles; and other factors set forth in our
      Annual Report on Form 10&#8722;K for the fiscal year ended December 31, 2011
      and our other filings with the Securities and Exchange Commission.
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br><b>ITT Corporation</b><br><u><b>Investors:</b></u><br><b>Melissa
      Trombetta</b> , +1 914-641-2030<br><u>melissa.trombetta@itt.com</u><br>or<br><u><b>Media:</b></u><br><b>Kathleen
      Bark, </b>+1 914-641-2103<br><u>kathleen.bark@itt.com</u>
    </p>
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