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HONEYWELL ANNOUNCES SHAREHOLDER VOTES FROM ANNUAL MEETING

 HONEYWELL ANNOUNCES SHAREHOLDER VOTES FROM ANNUAL MEETING
 TAMPA, Fla., April 21 /PRNewswire/ -- Shareholders of Honeywell Inc. (NYSE: HON) today voted to reject a proposal by the Evangelical Lutheran Church in America requiring the board of directors to prepare and submit to shareholders a plan for converting from military-related businesses to commercial businesses. Approximately 3.8 percent of the shares represented at the meeting voted for the proposal. Honeywell opposed the proposal, saying that a plan to reduce its 15-percent portion of sales related to military and space products would not lead to more stable operations or produce any real benefit to shareholders or employees. Honeywell also said its dependence on individual government programs is minimized by the variety of products and services supplied, and when reductions in defense programs occur, the company expects to manage the effect on its business without serious disruption.
 In addition, Honeywell shareholders rejected a proposal requesting a written report to shareholders about the company's involvement in strategic defense programs. About 4.7 percent of the shares represented at the meeting voted for the proposal. Honeywell recommended a vote against the proposal, saying that proposals relating to defense programs are political and ideological in nature. The company also said determining U.S. defense policy is the responsibility of elected government representatives.
 In other action, 99 percent of the shares represented at the meeting voted to approve the 15 candidates named in the proxy statement to the board of directors. The selection of Deloitte & Touche as auditors for 1992 also was approved by more than 98 percent of the votes cast.
 About 155 shareholders attended Honeywell's annual meeting at the Tampa Bay Performing Arts Center. More than 80 percent of the outstanding shares eligible to vote was represented at the meeting.
 Honeywell is a global controls company that provides products, systems and services for homes and buildings, industry, and aviation and space. The company employs 58,000 people worldwide and had 1991 sales of $6.2 billion.
 -0- 4/21/92
 /CONTACT: Kevin M. Whalen of Honeywell, 612-870-2701/
 (HON) CO: Honeywell Inc. ST: Minnesota IN: SU:


AL -- MN024 -- 0888 04/21/92 16:49 EDT
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Publication:PR Newswire
Date:Apr 21, 1992
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