We show how the usual phenomenological description of the decays of the KS and KL mesons can be derived in a unified manner beginning from a description of the KS and KL states as overlapping resonances in a scattering matrix. The unitarity relations for overlapping resonances in a CPT-invariant (but not CP- or T-invariant) theory play a crucial role in the discussion, and are treated in detail. © 1969 The American Physical Society.