SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
[X ] Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): February 21, 1999
Commission file number 1-12271
CARSON, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 06-1428605
(State or other jurisdiction (I.R.S. Employer Identification
of incorporation or organization) Number)
64 Ross Road, Savannah Industrial Park
Savannah, Georgia 31405
(Address, including zip code, of principal executive offices)
Registrant's telephone number, including area code:(912) 651-3400
Item 5. Other Events.
On February 21, 1999, Gregory J. Andrews, President and Chief Executive
Officer of Carson, Inc., died of apparent natural causes while on a business
trip in South Africa. Mr. Andrews joined the Company in July 1998.
The Executive Committee of the Board of Directors named Malcolm Yesner
as Acting CEO, pending a meeting of the full Board. Mr. Yesner also serves as
President of the Company's international operations and as CEO of Carson
Holdings Limited, the Company's South African subsidiary.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits
99.1 Press Release dated February 22, 1999 announcing the death of
Gregory J. Andrews and appointment of Malcolm Yesner as Acting CEO.
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, thereunto duly authorized.
CARSON, INC.
Date: February 23, 1999
/s/Robert W. Pierce
Executive Vice President, Chief Financial Officer and Secretary
(Principal Financial Officer)
Carson, Inc. Announces Death of President; Malcolm Yesner Appointed
Acting CEO
SAVANNAH, Ga.--(BUSINESS WIRE)--Feb. 22,1998--Carson, Inc.(NYSE:CIC) today
announced, with great sadness, the unexpected death yesterday from apparent
natural causes of Greg Andrews, President and Chief Executive Officer, while on
a business trip in South Africa. Mr. Andrews, who was 47, joined Carson in July
1998.
The Executive Committee of the Board Of Directors also announced that,
pending a meeting of the full Board later this week, it has named as Acting CEO
of Carson Malcolm Yesner, 41, President, International and CEO of Carson
Holdings. Under Mr. Yesner, Carson Holdings, a 52.8%-owned subsidiary, has
achieved dramatic growth in South Africa and has been rapidly expanding into
other major markets in West, East, and Southern Africa.
"In the six months Greg headed Carson he left an indelible mark on the
Company," said Vincent A. Wasik, Chairman of the Executive Committee of Carson
and President of Morningside Capital Group, the major stockholder of Carson, who
was on the trip with Mr. Andrews. "He was an inspired leader, a dedicated and
highly capable professional, and someone who came to be a good friend to me. His
untimely passing is a tragic loss to those of us who worked with him and
especially his family, to whom we can only extend our deepest condolences. Greg
was a man of vision, who, in addition to working closely with Malcolm, put
together an excellent, experienced and dedicated management team which is fully
capable of carrying out the program he put in place and which was yielding
highly tangible results. He will be missed."
Funeral arrangements have not been completed.
Contact: Anreder Hirschhorn Silver & Co., New York
Steven S. Anreader, (212) 532-3232
