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1 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): May 30, 1997 ZAPATA CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-4219 C-74-1339132 (State or other jurisdiction (Commission File No.) (I.R.S. Employer of incorporation) Identification No.) 1717 St. James Place Suite 550 Houston, Texas 77056 (Address of principal executive offices) (713) 940-6100 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) 2 Item 5. Other Events The information set forth in the attached press release issued by Zapata Corporation and filed as Exhibit 99 hereto announcing the Company's repurchase of 6.7 million shares of common stock. Item 7. Financial Statements and Exhibits (c) Exhibits. Exhibit 99 - Zapata Corporation press release dated May 30, 1997. 2 3 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. ZAPATA CORPORATION By: /s/ Joseph L. von Rosenberg III ---------------------------------------- Joseph L. von Rosenberg III Executive Vice President, General Counsel and Corporate Secretary Date: June 3, 1997 3 4 EXHIBIT INDEX Exhibit Description ------- ----------- Exhibit 99 Zapata Corporation press release dated May 30, 1997.
1 EXHIBIT 99 [ZAPATA LETTERHEAD] P.O. BOX 4240 o HOUSTON o TEXAS 77210 713/940-6100 ZAPATA CORPORATION ANNOUNCES PURCHASE OF 6.7 MILLION SHARES OF COMMON STOCK Houston, TX -- May 30, 1997 -- Zapata Corporation (NYSE: ZAP) Zapata Corporation announced today that it has reached an agreement to repurchase approximately 6.7 million shares of Zapata Corporation common stock in a privately negotiated transaction at a price of $4.52 per share, including commissions. Zapata Corporation had previously announced its intention to purchase up to 7.5 million shares of its common stock in open-market purchases and in privately negotiated transactions. Contact: Joseph L. von Rosenberg III, Executive Vice President and General Counsel (713) 940-6100 / Fax: (713) 940-6122 or Robert A. Gardiner, Vice President and Chief Financial Officer (713) 940-6100 / Fax: (713) 940-6122