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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): October 13, 1997
W. R. GRACE & CO.
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(Exact name of registrant as specified in its charter)
Delaware 1-12139 65-0654331
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
One Town Center Road, Boca Raton, Florida 33486-1010
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 561/362-2000
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Item 5. Other Events.
On October 13, 1997, W. R. Grace & Co. ("Company") announced
that Albert J. Costello, its Chairman, President and Chief Executive Officer,
had suffered a heart attack on Saturday, October 11. The announcement also
stated that Mr. Costello, who is 62 years old, is expected to fully recover
following by-pass surgery and that Larry Ellberger, Grace's Senior Vice
President and Chief Financial Officer, will act as Chief Executive Officer
pending Mr. Costello's recovery.
The Company's October 13, 1997 press release is filed as an
exhibit hereto and incorporated by reference herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
The Company's October 13, 1997 press release is filed as an exhibit
hereto.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed by the
undersigned, thereunto duly authorized.
W. R. GRACE & CO.
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(Registrant)
By /s/ Robert B. Lamm
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Robert B. Lamm
Vice President and Secretary
Dated: October 17, 1997
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W. R. GRACE & CO.
Current Report on Form 8-K
Exhibit Index
Exhibit No. Description
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99.1 Press Release dated October 13, 1997
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#2687
GRACE NEWS CORPORATE COMMUNICATIONS DIVISION
W. R. Grace & Co.
One Town Center Road
Boca Raton, FL 33486-1010
CONTACT: Brian McGowan 561/362-1918 or
Mary Lou Kromer 561/362-2600 or
800/GRACE99
GRACE CEO TO UNDERGO SURGERY
BOCA RATON, Fla., October 13, 1997--W. R. Grace & Co. (NYSE: GRA)
today announced that Albert J. Costello, its Chairman, President and Chief
Executive Officer, suffered a heart attack on Saturday, October 11. Mr.
Costello, who is 62 years old, is expected to fully recover following by-pass
surgery.
Larry Ellberger, Grace's Senior Vice President and Chief Financial
Officer, will act as Chief Executive Officer pending Mr. Costello's recovery.
Grace is a leading global supplier of flexible packaging and
specialty chemicals with annual sales of approximately $3.5 billion. The
company operates in more than 100 countries.
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