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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 7, 2000
NATCO Group Inc.
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 001-15603 22-2906892
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
2950 North Loop West, 7th Floor
Houston, Texas 77092
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (713) 683-9292
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ITEM 5. OTHER EVENTS
On October 27, 2000, the Board of Directors of NATCO Group Inc.
approved the following resolutions:
(a) The Company adopted a stock repurchase plan under which up to
750,000 shares of its $0.01 par value Class A common stock could
be reacquired.
(b) The Company agreed to provide a full recourse loan to an executive
officer to facilitate the exercise of certain outstanding stock
options. The loan matures on July 31, 2003, and provides interest
stated at the Company's current borrowing rate, and principal
equal to the cost to exercise the options plus any personal tax
burdens that result from the exercise.
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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 hereunto duly authorized.
Dated: November 7, 2000
NATCO Group Inc.
By: /s/ J. MICHAEL MAYER
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J. Michael Mayer
Senior Vice President and
Chief Financial Officer
