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):
March 4, 1999
PETER KIEWIT SONS', INC.
(Exact name of registrant as specified in its charter)
Delaware 000-23943 91-1842817
(State or other (Commission File Number) (I.R.S. Employer
jurisdiction of Identification
Incorporation) No.)
Kiewit Plaza, Omaha Nebraska 68131
(Address of principal executive offices) (Zip Code)
(402) 342-2052
(Registrant's telephone number, including area code)
Item 5. Other Events.
On March 4, 1999, the Board of Directors of the Peter Kiewit
Sons', Inc. (the "Company") appointed Mogens C. Bay to fill the
vacancy on the Board of Directors created by the resignation of
Thomas C. Stortz in December 1998. Mr. Stortz resigned due to a
change in his occupation. On March 18, 1999, the Company issued a
press release relating to the appointment of Mogens C. Bay to the
Board of Directors. This press release is filed as Exhibit 99.1 to
this Current Report and is incorporated herein by reference as if
fully set forth.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
99.1 Press Release dated March 18, 1999 related to the
appointment of Mogens C. Bay to the Board of Directors.
SIGNATURES
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 hereunto duly authorized.
PETER KIEWIT SONS', INC.
By: /s/ Tobin A. Schropp
Date: March 19, 1999 Tobin A. Schropp, Vice President
EXHIBIT 99.1
[LOGO] Kiewit News
FOR IMMEDIATE RELEASE Contact: Jerry Pfeffer
Phone: 402-943-1301
E-mail: [email protected]
Photos: www.kiewit.com/news/photos.htm
Kiewit Appoints Mogens C. Bay to its Board of Directors
Omaha, Nebraska, March 18, 1999 - Peter Kiewit Sons', Inc.
today announced the appointment of Mogens C. Bay as a member of
its Board of Directors. This brings to 12 the number of
directors.
Mr. Bay is Chairman and Chief Executive Officer of Valmont
Industries, Inc., Omaha. He joined Valmont in 1979 as regional
vice president, Southeast Asia. He moved to Madrid, Spain, in
1982 as vice president-sales and later vice president-marketing.
He was then assigned to corporate headquarters as president and
general manager of Valmont International. In 1989, he was named
president and general manager of Valmont Irrigation. In 1993, Mr.
Bay became president and chief executive officer of Valmont
Industries, Inc. He became Chairman and Chief Executive Officer
of Valmont Industries in 1997.
Prior to joining Valmont Industries, Mr. Bay served from
1974 to 1978 as manager of the East Asiatic Company's office in
Beijing. At the time, the East Asiatic Company was the only
western company permitted to operate an office in the People's
Republic of China, and Mr. Bay was the only businessman from the
western world living permanently in China.
"I'm very pleased to welcome Mogens Bay to the Kiewit Board
of Directors," said Ken Stinson, Chairman and CEO of Peter
Kiewit Sons', Inc. "He is an extraordinary leader with
significant U.S. and international business experience, and we're
delighted that he has agreed to share his extensive management
expertise with us."
Mr. Bay was born in Vejle, Denmark in 1949. He studied law
at Aarhus University and graduated from the East Asiatic Company
College of International Business in Copenhagen in 1973. He is
married to the former Cindy Belsky of Nebraska. They have a
daughter, Sarah. The Bays reside in Omaha.
Mr. Bay currently serves as a member of the Board of
Directors of ConAgra, Inc., Board of Directors of InaCom
Corporation, and a Trustee of the Peter Kiewit Foundation.
Peter Kiewit Sons', Inc. is one of North America's largest
and most respected construction, materials and mining
organizations. Founded in Omaha in 1884, the employee-owned firm
operates through a network of offices across North America.
Kiewit's workforce includes approximately 3,200 salaried
personnel and 17,000 craft workers. Revenues for 1998 were
approximately $3.3 billion.