SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): December 1, 1999
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INDUSTRIAL DISTRIBUTION GROUP, INC.
(Exact name of Registrant as Specified in its Charter)
Delaware 001-13195 58-2299339
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(State or other Jurisdiction of (Commission File (IRS Employer
Incorporation or Organization) Number) Identification No.)
950 E. Paces Ferry Road
Suite 1575
Atlanta, Georgia 30084
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (770) 949-2100
NOT APPLICABLE
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On December 1, 1999, the Registrant issued a Press Release regarding
appointment of its New President and Chief Executive Officer attached hereto as
Exhibit 99.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of
1934, the Registrant has duly caused this Report to be signed on its behalf by
the undersigned hereunto duly authorized.
INDUSTRIAL DISTRIBUTION GROUP, INC.
By: /s/ Jack P. Healey
Name: Jack P. Healey
Title: Senior Vice President
Chief Financial Officer and Secretary
Dated: 12/1/99
EXHIBIT 99
INDUSTRIAL DISTRIBUTION GROUP ANNOUNCES APPOINTMENT OF NEW PRESIDENT AND CHIEF
EXECUTIVE OFFICER ATLANTA, Dec. 1 /PRNewswire/ -- Industrial Distribution Group,
Inc. (NYSE:IDG) reported today the appointment of Patrick S. O'Keefe as
President and Chief Executive Officer. Mr. O'Keefe will also serve as a Director
of the Company.
"I am delighted and very enthused that Pat has chosen to join our Company,"
stated Richard M. Seigel, Chairman. "Pat's in-depth knowledge of distribution
and his operational expertise will serve IDG's shareholders well as we pursue
the many important initiatives to which IDG is committed," Mr. Seigel added.
Mr. O'Keefe most recently served as President of the ZEP Chemical Unit of
National Service Industries, Inc. NSI has four business segments -- Chemical,
Lighting Equipment, Textile Rental and Envelopes - and had total sales of $2.2
billion in fiscal 1999.
"The challenges which confront us are significant," stated Mr. O'Keefe. "Our
primary initiatives will be to integrate disparate operating units, to implement
a company-wide back office ERP system and to gain market share in the highly
competitive MROP industry. I am committed to focusing our management team and
redoubling our company-wide efforts to achieve these initiatives in order to
regain value for our shareholders," Mr. O'Keefe continued.
Mr. O'Keefe received his M.B.A. degree from the J.L. Kellogg Graduate School of
Management at Northwestern University in 1981 and has 15 years experience in
executive level positions within the distribution sector.
Industrial Distribution Group, Inc. (www.idglink.com) is a nationwide supplier
of maintenance, repair, operating and production ("MROP") products and services.
The Company distributes a full line of MROP products, specializing in cutting
tools, abrasives, hand and power tools, coolants, lubricants, adhesives and
machine tools, and can supply virtually any other MROP product that its
customers may require. IDG also provides an array of value-added services and
other arrangements, including flexible procurement solutions such as integrated
supply, emphasizing its specialized expertise in product application. IDG has 27
operating companies and approximately 1,600 associates serving over 43,000
customers. With a total of 68 operating locations, the Company currently has a
presence in 37 of the top 75 industrial markets in the United States.
In addition to the historical information contained herein, certain matters set
forth in this news release are forward-looking statements. IDG warned that
caution should be taken in relying upon any forward-looking statements in this
release, as they involve a number of risks and uncertainties that could cause
actual results to differ materially from any such statements, including the
risks and uncertainties discussed in the Company's Form 10-K for the year ended
December 31, 1998 under the caption "Certain Factors Affecting Forward Looking
Statements," which discussion is incorporated herein by reference.
SOURCE: INDUSTRIAL DISTRIBUTION GROUP, INC.
/CONTACT: Jack P. Healey, Senior Vice President and Chief Financial
Officer of Industrial Distribution Group, Inc., 404-949-2100/
/Web site: www.idglink.com
