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): September 8, 1997
AGL RESOURCES INC.
(Exact Name of Registrant as Specified in Charter)
Georgia 1-14174 58-2210952
(State or Other Jurisdiction (Commission File No.) (IRS Employer
of Incorporation) Identification No.)
303 Peachtree Street, N.E., Atlanta, Georgia 30308
(Address of Principal Executive Offices) ( Zip Code)
(404) 584-9470
(Registrant's telephone number, including area code)
Page 1 of 5
Exhibit Index on Page 3
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ITEM 5. OTHER EVENTS
On September 8, 1997, David R. Jones, President and Chief Executive
Officer of AGL Resources Inc. ("AGLR"), a Georgia corporation and the holding
company for Atlanta Gas Light Company ("AGLC"), announced the Company's plan for
selecting a new President of AGLR. Mr. Jones, who has served AGLR and AGLC for
more than 37 years, plans to retire from AGLR in approximately a year and a half
when he becomes 62.
The Board of Directors has appointed its Executive Committee to
identify and recommend to the Board an individual to serve as President of AGLR.
The Executive Committee will be assisted by an executive search firm and will
consider both internal and external candidates for the position.
Although the Board of Directors will take whatever time is required to
complete the search process, it expects to have an individual selected as
President by the end of this calendar year. Mr. Jones will continue to serve as
Chief Executive Officer during the transition period actively working with the
new President.
ITEM 7. EXHIBITS
99 Form of Press Release, dated September 8, 1997. See the Exhibit
Index on page 3 hereof.
SIGNATURE
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.
AGL RESOURCES INC.
(Registrant)
Date: September 9, 1997 By: /s/ J. Michael Riley
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J. Michael Riley
Vice President and
Chief Financial Officer
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EXHIBIT INDEX
Exhibit No. Description Page No.
99 Form of Press Release, dated 4
September 8, 1997
3
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EXHIBIT 1
[NEWS RELEASE LETTERHEAD OF AGL RESOURCES INC. APPEARS HERE]
For Immediate Release Contact: Ross Willis
September 8, 1997 (404) 584-3769
AGL Resources Announces Executive Succession Plan
David R. Jones, President and Chief Executive Officer of AGL Resources
Inc., announced today the Company's plan for selecting a new President of the
Company. Mr. Jones, who has served the Company for more than 37 years, stated in
a letter to Company employees that he plans to retire from the Company in
approximately a year and a half when he becomes 62.
The Board of Directors has appointed its Executive Committee to
identify and recommend to the Board an individual to serve as President of AGL
Resources Inc. The Executive Committee will be assisted by an executive search
firm and will consider both internal and external candidates for the position.
"Although the Board will take whatever time is required to complete the
search process," Jones said, "it expects to have an individual selected as
President by the end of this calendar year." He also pointed out that he will
continue to serve as Chief Executive Officer during the transition period
actively working with the new President.
Jones added in his letter to employees, "We have an excellent
management team in place to pursue our long-term strategy, and we will continue
to implement this strategy as we move forward."
AGL Resources Inc. is the holding company of Atlanta Gas Light Company,
the largest natural gas distribution company in the Southeast, serving nearly
1.4 million customers in Georgia and southern Tennessee. Although natural gas
distribution is AGL Resources' core business, it also is engaged in other
energy-related businesses, including natural gas and power marketing, wholesale
and retail propane sales and energy management services.
(A copy of Mr. Jones' letter to Company employees is attached.)
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Copy of Mr. Jones letter to Company employees:
Dear Employee:
One of the major responsibilities of a Chief Executive Officer and
Board of Directors is to plan for management succession. After more than 37
years with our Company, I plan to retire in approximately a year and a half when
I become 62. To provide for an orderly transition, the Board of Directors has
appointed its Executive Committee to serve as the search committee to identify
and recommend the best candidate for President of AGL Resources Inc.
The search committee has engaged an executive search firm to assist in
this effort. Both internal and external candidates will be considered. Although
the Board will take whatever time is required to complete the search process, it
expects to have an individual selected as President by the end of this calendar
year. I will continue to serve as Chief Executive Officer during the transition
period, actively working with the new President. We have an excellent management
team in place to pursue our long-term strategy, and we will continue to
implement this strategy as we move forward.
David R. Jones
President and CEO
5
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