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 1, 1999
NEWPORT NEWS SHIPBUILDING INC.
(Exact name of registrant as specified in its charter)
Delaware 1-12385 74-1541566
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
4101 Washington Avenue, Newport News, VA 23607
(Address of principal executive offices) (zip code)
(757) 380-2000
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Newport News Shipbuilding Inc. (NYSE:NNS) announced on August 31, 1999, the
appointment of Scott Stabler to Vice President, Assembly and the retirement of
Vice President of Assembly, Test and Trades, George Wade. The changes are
effective September 1, 1999.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release
2
<PAGE>
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.
NEWPORT NEWS SHIPBUILDING INC.
Date: September 1, 1999 By: /s/ Stephen B. Clarkson
--------------------------------
Name: Stephen B. Clarkson
Title: Vice President, General
Counsel and Secretary
<PAGE>
Exhibit Index
Exhibit No. Description of Exhibit Sequential Page
Number
Exhibit 99.1 Press Release 5
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Jerri Fuller Dickseski
(757) 380-2341
(757) 380-3867 (Fax)
NEWPORT NEWS SHIPBUILDING APPOINTS SCOTT STABLER
AS VICE PRESIDENT, ASSEMBLY; GEORGE WADE TO RETIRE
NEWPORT NEWS, Va., August 31, 1999 - Newport News Shipbuilding
(NYSE: NNS) today announced the appointment of Scott Stabler to Vice President,
Assembly and the retirement of Vice President of Assembly, Test and Trades,
George Wade.
In his new position, Stabler will be responsible for all assembly areas
involved in the construction of carriers, submarines and carrier overhauls. In
leading these efforts, Stabler will focus on achieving commonality among all
procedures to drive cost efficiencies.
"Scott brings experience in a variety of project management areas. He
has demonstrated both excellent leadership skills and a keen appreciation of the
company's need to improve our processes to drive down costs," said Executive
Vice President and COO Tom Schievelbein.
Stabler's most recent position was as Program Director, Carrier
Construction. He began his career at Newport News Shipbuilding in 1984 in
Aircraft Carrier Engineering. He has held various positions within the
Purchasing organization. He has served as Director, Integrated Logistic Support
and Director, Business Development. Stabler was also the NNS Program Manager for
both the NNS/Ingalls/Lockheed Martin team for the Navy's amphibious ship LPD 17
Program and later for the Navy's NNS/Lockheed Martin/Ingalls team for the
Arsenal Ship. ...more
<PAGE>
STABLER APPOINTMENT--2
He graduated with a Bachelor of Science Degree in Mechanical
Engineering from North Carolina State University and received his MBA from the
College of William and Mary in Williamsburg, Virginia.
The company also announced that George Wade is retiring effective Sept.
1. Currently serving as Vice President, Assembly, Test and Trades, Wade has been
with Newport News Shipbuilding for 34 years. He began his shipyard career as a
designer in the Atomic Power Design Department.
"During his tenure," said Schievelbein, "George has been responsible
for guiding NNS in a number of different technical and operational areas
covering all aspects of our engineering, design, and construction process. His
leadership and tenacity helped keep NNS in the submarine business and in making
that business thrive."
Newport News Shipbuilding designs and constructs nuclear-powered
aircraft carriers and submarines for the U.S. Navy and provides life-cycle
services for ships in the Navy fleet. The company employs 18,000 people and has
annual revenues of approximately $1.8 billion. Visit NNS on the Web at
www.nns.com.
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