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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) September 26, 1996.
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ROY F. WESTON, INC.
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(Exact Name of Registrant as Specified in Charter)
Pennsylvania 0-4643 23-1501990
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1 Weston Way, West Chester PA 19380-1499
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code 610-701-3000
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Item 5. Other Events
The Registrant hereby incorporates by reference herein the information
set forth in its News Release dated September 26, 1996, a copy of which is
annexed hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99. Roy F. Weston, Inc. News Release dated September 26,
1996 which announced that the Company will take a
restructuring charge.
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.
ROY F. WESTON, INC.
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Date: October 2, 1996 By: s/ M. Christine Murphy
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M. Christine Murphy
Executive Vice President of
Quality Assurance and Finance
EXHIBIT INDEX
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EXHIBIT SUBMISSION MEDIA
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99. Roy F. Weston, Inc. Electronic
News Release dated
September 26, 1996
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WESTON Will Take A One-Time Charge in Third Quarter 1996
WEST CHESTER, Pa.-- Roy F. Weston, Inc. (WESTON(R)), leading international
environmental managers, will take a one-time, pre-tax restructuring charge of
approximately $17 million in the quarter ending September 30, 1996, it was
announced today.
William J. Marrazzo, WESTON President and Chief Executive Officer,
said that these actions are part of the company's ongoing process to position
WESTON as the premier provider of integrated environmental services that will
solve clients' environmental business challenges.
"The company is consolidating and focusing its corporate resources on
its markets to generate long-term growth by becoming more efficient and
effective in the delivery of WESTON's environmental services," Marrazzo said.
The charge includes a $10 million write down of the company's
analytical laboratory assets, a $1.6 million write down of its thermal
incinerator assets, a $2.4 million write down of other under-performing assets,
and $3 million for operational reorganizations and severance costs. WESTON's
staffing level has been reduced by 7% from its June 30, 1996, total headcount
of 2,426 people.
Internationally, teams of WESTON scientists, engineers and consultants
work with business and government to economically restore, manage and preserve
environmental quality. For more information about the company, click to WESTON
On The Web at
HTTP://WWW.RFWESTON.COM.
