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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 9, 1998
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MSC INDUSTRIAL DIRECT CO., INC.
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(Exact name of registrant as specified in its charter)
New York
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(State or other jurisdiction of incorporation)
1-14130 11-3289165
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(Commission File Number) (IRS Employer Identification Number)
151 Sunnyside Blvd, Plainview, NY 11803-1592
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 349-7100
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ITEM 5. OTHER EVENTS
On January 9, 1998, the Board of Directors of MSC Industrial Direct Co.,
Inc. (the "Company") appointed Melvin Redman as President and Chief Operating
Officer of the Company. Mr. Redman, who has served on the Board of Directors of
the Company as an outside director since April 1996, succeeds Mitchell Jacobson
as President of the Company and James Schroeder as Chief Operating Officer of
the Company.
Prior to his election, Mr. Redman was a principal of Redman & Associates,
a management consulting firm which provided consulting services to the Company.
From 1992 to June 30, 1995, Mr. Redman was Senior Vice President of Operations
for Wal-Mart Stores, Inc. Prior to 1992, Mr. Redman was Senior Vice President of
Store Planning for Wal-Mart.
Mr. Mitchell Jacobson will remain Chief Executive Officer and will now
serve as Chairman of the Board, succeeding Sidney Jacobson who becomes Vice
Chairman of the Board.
Mr. James Schroeder will continue to serve as Vice President of Logistics
and as a member of the Board of Directors.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MSC INDUSTRIAL DIRECT CO., INC.
Dated: January 16, 1998 By /s/ Shelly M. Boxer
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Name: Shelly M. Boxer
Title: Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit Description Page
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99 MSC Industrial Direct Co, Inc. Press
Release, dated January 12, 1998.
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Exhibit 99
MSC INDUSTRIAL DIRECT CO., INC.
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151 Sunnyside Boulevard
Plainview, NY 11803
MSC INDUSTRIAL DIRECT CO., INC.
Announces Executive Promotions
Names Mel Redman as President and Chief Operating Officer
For Release 5:00 p.m. E.S.T.
Monday, January 12, 1998
Contact: Shelley Boxer
V.P./C.F.O.
MSC Industrial Direct
516-349-7100, x1216
Plainview, NY, January 12, 1998-MSC Industrial Direct Co. Inc. (NYSE: MSM) today
announced the appointment of Mel Redman as President and Chief Operating
Officer. Redman has served on MSC's Board and as a consultant since 1995. The
Company said that Mitchell Jacobson remains Chief Executive Officer and will now
serve as Chairman of the Board, succeeding Sid Jacobson, who becomes Vice
Chairman of the Board.
"We are pleased to welcome Mel as part of our team." said MSC's new Chairman.
"He brings to MSC a wealth of experience gained at Wal-Mart, Inc., one of
America's premier companies, and a close familiarity with our industry and
company. As a consultant and as a member of our Board of Directors, he has been
instrumental in helping to build our executive team and business model. Mel will
concentrate on maintaining and improving MSC's operational excellence,
especially in the areas of reducing our operating and product acquisition costs,
enabling me to increase my focus on MSC's marketing and sales areas as well as
our long-term strategic goals," Jacobson concluded.
Redman has more than 25 years of professional achievement in retail management.
He is a nationally recognized expert in the areas of management, operations and
store planning. Prior to establishing his consulting firm, Mr. Redman was, until
1995, Senior Vice President of Operations for Wal-Mart Inc. in the Southwest
Division, where he was responsible for the profitability of over 450 Wal-Mart
stores, 180,000 associates and $15 billion in annual sales.
Mr. Redman, 46, will relocate from Bentonville, Arkansas to New York.
MSC Industrial Direct Co., Inc. is a direct marketer and leading full-line
supplier of a broad range of metalworking and maintenance and repair supplies to
industrial customers throughout the United States.
