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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 30, 1998
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FWT, INC.
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(Exact name of registrant as specified in its charter)
Texas 75-1040743
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(State of other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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(Commission File Number)
1901 East Loop 820 South, Fort Worth, Texas 76112-7899
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(Address of Principal executive offices) (Zip Code)
Registrant's telephone number, including area code (817) 457-3060
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Item 5. Other Events
On March 30, 1998, Roy J. Moore terminated his employment with FWT, Inc.
("FWT" or the "Company"). Mr. Moore had previously served as President and
Chief Executive Officer of the Company and, since March 19, 1998, had served as
Vice Chairman of the Company. Under the terms of his Employment Agreement with
FWT, Mr. Moore will be entitled to receive an annual salary of $200,000, an
annual bonus based on the earnings and performance of the Company, and various
other benefits with an estimated annual value of $25,000 through December 31,
2000. Mr. Moore continues to serve as a member of the Board of Directors of
the Company.
On March 19, 1998, the Company announced that Douglas A. Standley had been
named President and Chief Executive Officer of the Company. Mr. Standley joined
FWT in November 1997 as Chief Operations Officer and President, Fort Worth
Division. Prior to joining the Company, he was director of Synergetics, an
international management consulting company specializing in corporate
turnaround, business integration, production planning and process
implementation.
In addition, on April 3, 1998, Carl R. Moore terminated his employment with
FWT. Under the terms of his Employment Agreement with the Company, Mr. Moore,
who had previously served as Vice President of FWT, will be entitled to receive
an annual salary of $200,000, an annual bonus based on the earnings and
performance of the Company, and various other benefits with an estimated annual
value of $25,000 through December 31, 2000.
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.
Date: April 8, 1998
FWT, INC.
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(REGISTRANT)
BY: /s/ DOUGLAS A. STANDLEY
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NAME: DOUGLAS A. STANDLEY
TITLE: PRESIDENT AND CHIEF EXECUTIVE OFFICER
