United States
Securities and Exchange Commission
Washington, DC 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 3, 1999
Diamond Home Services, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-20829 36-3886872
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification Number)
222 Church Street
Woodstock, IL 60098
(Address of principal executive offices)
Registrant's telephone number, including area code (815) 334-1414
None
(Former name or address, if changed since last report)
ITEM 5. OTHER EVENTS.
Please refer to the matters reflected below in Item 7(c)(99).
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits (numbered pursuant to Item 601 of Registration S-K)
(99) Press release dated September 3, 1999.
<PAGE>
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.
Diamond Home Services, Inc.
(Registrant)
/s/ Richard G. Reece
Richard G. Reece
Vice President and Chief Financial Officer
(For the Registrant and as
Principal Accounting Officer)
Date: September 9, 1999
DIAMOND HOME SERVICES, INC.
NEWS RELEASE
CONTACT:
In Woodstock, IL Investor Contact Media Contact
Richard G. Reece Thomas Laughran Rebecca hayne
Chief Financial Officer The Investor Relations Co. Alexander & Walsh
(815) 334-2414 (847) 564-5610 (847) 604-9800
DIAMOND HOME SERVICES ANNOUNCES RESIGNATION OF DIRECTOR
WOODSTOCK, IL - (September 3, 1999) - Diamond Home Services, Inc. (Nasdaq:
DHMS), today announced that Director, George A. Stinson has resigned due to poor
health.
Mr. Stinson, 84, a member of the company's board since September, 1993, was
instrumental in providing strategic counsel to Diamond during its early years.
He served on three committees and was chairman of the Audit Committee.
"We are indebted to George for his tireless years of service to the company,"
said Chairman and Chief Executive Officer, C. Stephen Clegg. "George will be
missed, especially during this critical period. He played a large role in the
development of the company. His friendship, counsel and business expertise has
meant a great deal to the company and to me personally."
Mr. Stinson is currently retired from active corporate management and the
practice of law. Most recently, from 1981 to 1985, Stinson was counsel to the
law firm of Thorp, Reed & Armstrong in Washington, D.C. Prior to this, from 1965
to 1982, he served as Chief Executive Officer of National Steel Corporation, and
from 1965 to 1981, he was that company's Chairman. From 1950 to 1961, Stinson
was a partner in the New York office of Cleary, Gottlieb, Friendly & Hamilton,
an international corporate law firm.
Certain statements contained herein, including without limitation, statements
addressing the beliefs, plans, objectives estimates or expectations of the
Company or future results or events constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995, as
amended. Such forward-looking statements involve known or unknown risks,
including, but not limited to, general economic and business conditions, matters
related to the licensing agreement between Diamond Exteriors, Inc. and Sears,
Roebuck and Co., warranty exposure, the Company's reliance on home consultants
and on the availability of qualified independent installers, lead activity and
costs related thereto, the outcome of discussions with its creditors and other
constituencies, and conditions in the installed home improvement industry. There
can be no assurance that the actual future results, performance, or achievements
expressed or implied by such forward-looking statements will occur. Users of
forward-looking statements are encouraged to review Item 7 of the Company's most
recent annual report on Form 10-K, its filings on Form 10-Q, management's
discussion and analysis in the Company's most recent annual report to
stockholders, the Company's filings on Form 8-K, and other federal securities
law filings for a description of other important factors that may affect the
Company's business, results of operations and financial condition.
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