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 13, 1998
SPACEHAB, Incorporated
(Exact name of registrant as specified in its charter)
Washington
(State or jurisdiction of incorporation)
0-27206 91-1273737
(Commission File Number) (IRS Employer Identification No.)
1595 Spring Hill Road, Vienna, Virginia 22182
(Address of principal executive offices) (Zip Code)
(703) 821-3000
(Registrant's Telephone Number)
<PAGE>
Item 5. Other Events
On January 13, 1998, SPACEHAB, Inc. issued the attached press
release.
Item 7. Financial Statements and Exhibits
(c) Exhibits.
The following is being filed as an Exhibit to this report.
99.1 Press Release of the Registrant, dated January 13, 1998.
<PAGE>
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.
SPACEHAB, INCORPORATED
By: /S/ MARGARET E. GRAYSON
------------------------
Margaret E. Grayson
Vice President and CFO
Dated: January 20, 1998
EXHIBIT INDEX
Exhibit Number Description of Exhibit
99.1 Press Release of the Registrant, dated January 13, 1998.
FOR IMMEDIATE RELEASE
ROSSI TO TAKE HELM AS SPACEHAB PRESIDENT
Veteran Space Executive Chet Lee to Assume New Executive Roles
Vienna, VA, January 13, 1998 -SPACEHAB Inc. (Nasdaq: SPAB) today announced
the appointment of David A. Rossi as its new President and Chief Operating
Officer, effective January 14 1998. Rossi, a seven-year senior executive of
SPACEHAB (SHI), succeeds Chester M. Lee, who has served in that capacity since
April 1996.
SPACEHAB also announced the appointment of Chester "Chet" Lee to Chairman
of SPACEHAB's ASTROTECH Space Operations subsidiary and Special Advisor to SHI
Chairman and Chief Executive Officer, Shelley A. Harrison.
Rossi joined SPACEHAB in March 1991 as Senior Vice President, Business
Development. He has been responsible for marketing and negotiating SHI's primary
Shuttle and Mir logistic and research support contracts, including the nearly
$62 million in contracts and options most recently awarded by NASA, the European
Space Agency and the National Space Development Agency of Japan in December.
Harrison extolled Rossi's accomplishments at SHI: "As a leading executive
during SPACEHAB's formative years, David has contributed significantly to our
success in establishing winning strategies and securing sales and contracts. I
have every confidence that SPACEHAB and our shareholders will be well served
with David at the helm as President and COO."
Harrison applauded Chet Lee's outstanding performance as SPACEHAB
President following two exceptionally noted previous careers with NASA and the
U.S. Navy. "Chet helped build a superior management team at SPACEHAB,
exemplified by his successful mentoring of our new President. We look forward to
his continued assistance in growing our ASTROTECH subsidiary to be the
industry's premier pre-launch processor of telecommunications satellites," he
said.
Rossi joined SPACEHAB from the Dulles, Virginia-based Orbital Sciences
Corporation (OSC). During his eight-year tenure on the OSC Senior Management
team, he held several executive positions in finance and business development.
He holds a Bachelor of Science degree in Chemistry from the University of
Pittsburgh and an MBA from Harvard Business School.
Rossi/Lee Appointments
2 2 2 2 2 2
Responding to his new appointment, Chet Lee characterized his decade-long
tenure at SPACEHAB as "an exciting venture into the unknown and unproven world
of commercial Space activities", as well as a gratifying experience. "SPACEHAB's
greatest resource since its inception has been its people. They are the ones
whose vision, innovative thinking and "can do" attitude have made industry
unbelievers into believers," he said. "It has been my privilege to be associated
with such sterling people and I look forward to a continuing association with
them," he added.
Of his SPACEHAB President successor, Lee said: "David Rossi has played a
forceful role in this company, and I have utmost confidence that his leadership
as President and COO will lead to increasing success for SPACEHAB."
Lee joined SHI in 1987 after retiring from NASA. During his 22 years with
the space agency, he held positions as Mission Director for Apollo Missions
12-17 to the Moon, Director for the Apollo/Soyuz joint mission with the
then-Soviet Union, and finally, as Assistant Associate Administrator for Policy
Planning and DOD Affairs in the Office of Space Flight. In his "first" career,
Lee served a distinguished 24-years in the U.S. Navy, achieving the rank of
Captain.
SPACEHAB, Inc., with its ASTROTECH subsidiary, is the world's leading
provider of commercial payload processing services for both astronaut-tended and
unmanned payloads. SPACEHAB is the first company to commercially develop, own
and operate habitable modules that provide space-based laboratory facilities and
logistics resupply aboard the U.S. Space Shuttles to support people living and
working in space.
# # #
FOR MORE INFORMATION:
www.spacehab.com
Media: Financial:
Penelope Longbottom Margaret Grayson
VP, Corporate Communications VP, Finance & Administration and Chief
Financial Officer
(703) 821-3000, Ext. 201 (703) 821-3000, Ext. 207
[email protected] [email protected]
