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): January 17, 2006
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CIT GROUP INC.
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(Exact name of registrant as specified in its charter)
Delaware 001-31369 65-1051192
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1211 Avenue of the Americas
New York, New York 10036
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(Address of registrant's principal executive office)
Registrant's telephone number, including area code: (212) 536-1211
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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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 (see General Instruction A.2. below):
|_| 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))
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Item 2.02. Results of Operations and Financial Condition.
This Current Report on Form 8-K includes as an exhibit a press release,
dated January 18, 2006, reporting the financial results of CIT Group Inc. as of
and for the quarter and year ended December 31, 2005. The press release is
attached as Exhibit 99.1. This press release includes certain non-GAAP financial
measures. A reconciliation of those measures to the most directly comparable
GAAP measures is included as a table to the press release.
Item 7.01. Regulation FD Information.
This Current Report on Form 8-K includes the financial targets for 2006
set forth in the fourth paragraph of the press release, dated January 18, 2006,
attached as Exhibit 99.1. Such financial targets are furnished pursuant to this
Item 7.01.
Item 8.01. Other Events.
This Current Report on Form 8-K includes as an exhibit a press release,
dated January 17, 2006, reporting that the Board of Directors of CIT Group Inc.
declared (a) a cash dividend in the amount of $.20 per share for the quarter
ended December 31, 2005 on the Company's common stock, payable on February 28,
2006 to holders of record on February 15, 2006, (b) a cash dividend in the
amount of $0.3968750 per share on the Company's Series A preferred stock in the
aggregate amount of $5,556,250.00 based on results for the quarter ended
December 31, 2005, payable on March 15, 2006 to holders of record on February
28, 2006, and (c) a cash dividend in the amount of $1.2972500 per share on the
Company's Series B preferred stock in the aggregate amount of $1,945,875.00
based on results for the quarter ended December 31, 2005, payable on March 15,
2006 to holders of record on February 28, 2006. The press release is attached as
Exhibit 99.2.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
99.1 Press release issued by CIT Group Inc. on January 18, 2006.
99.2 Press release issued by CIT Group Inc. on January 17, 2006.
This document contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. All forward-looking
statements (including statements regarding future financial and operating
results) involve risks, uncertainties and contingencies, many of which are
beyond CIT's control, which may cause actual results, performance, or
achievements to differ materially from anticipated results, performance, or
achievements. All statements contained in this document that are not clearly
historical in nature are forward-looking, and the words "anticipate," "believe,"
"expect," "estimate," "plan," and similar expressions are generally intended to
identify forward-looking statements. Economic, business, funding market,
competitive and/or regulatory factors, among others, affecting CIT's businesses
are examples of factors that could cause actual results to differ materially
from those described in the forward-looking statements. More detailed
information about these factors are described in CIT's filings with the
Securities and Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2003. CIT is under no obligation to (and expressly
disclaims any such obligation to) update or alter its forward-looking
statements, whether as a result of new information, future events or otherwise.
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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.
CIT GROUP INC.
(Registrant)
By: /s/ William J. Taylor
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William J. Taylor
Executive Vice President & Controller
(Principal Accounting Officer)
Dated: January 18, 2006
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