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) August 25, 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 (I.R.S. Employer
of incorporation) Number) 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.
On August 25, 1999, the Company announced that Geoffrey H.
Foreman resigned as President and Chief Operating Officer.
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 August 25, 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: August 25, 1999
DIAMOND HOME SERVICES PRESIDENT AND COO RESIGNS
WOODSTOCK, Ill., Aug. 25 /PRNewswire/ -- Diamond Home Services, Inc. (Nasdaq:
DHMS - news) today announced the resignation of Geoffrey H. Foreman, president
and chief operating officer of Diamond Home Services.
C. Stephen Clegg, chairman and chief executive officer, will temporarily assume
the day-to-day operating responsibilities of Diamond Home Services. Mr. Foreman
has agreed to assist Mr. Clegg as a consultant during this period.
"We regret Geoff's decision to leave to pursue other opportunities, and are
pleased that we will be able to tap into his expertise on key issues in the
coming months," said Mr. Clegg. "We wish him well in his future endeavors."
Diamond Home Services, Inc. is a leading national marketer and contractor of
installed home improvement products, including roofing systems, gutters, doors,
and fencing. The Company, through its subsidiary, Reeves Southeastern
Corporation, is one of the largest manufacturers and distributors of fencing and
perimeter security products to the industrial and residential markets in the
U.S. Reeves Southeastern operates 32 distribution centers primarily in the
eastern half of the U.S. In addition, Reeves Southeastern furnishes and installs
private-label fencing home improvement products. Through its subsidiary Diamond
Exteriors, Inc.(R) the Company markets installed home improvement products and
services directly to consumers, primarily under the "SEARS" name. Through its
finance subsidiary Marquise Financial Services, Inc. the Company also offers
financing to its customers. The Company has home consultants located in major
cities across the U.S., providing the Company with a presence in markets
covering approximately 80% of the owner-occupied households in the U.S.
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 an 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.
