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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): October 29, 1999
STEEL HEDDLE GROUP, INC.
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(Exact name of Registrant as specified in its charter)
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Delaware 333-61041 57-1067030
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(State or other jurisdiction of (Commission File Number) (I.R.S. Employer Identification
incorporation) No.)
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1801 Rutherford Road, Greenville, SC 29067
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(Address of principal executive offices) (Zip Code)
(864) 244-4110
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Registrant's telephone number, including area code
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(Former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
As announced in a press release dated October 26, 1999 (attached and
incorporated herein by reference in its entirety as Exhibit 99.1), Mr. Benjamin
G. Team resigned as President, Chief Executive Officer and a director of the
Registrant and each of its subsidiaries. Mr. Robert W. Dillon, formerly
Executive Vice President, was appointed by the Board of Directors as the
Registrant's President and Chief Executive Officer, assuming the
responsibilities of Mr. Team.
ITEM 7(c) EXHIBITS
EXHIBIT NUMBER DESCRIPTION
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99.1 Press release dated October 26, 1999.
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, thereto duly authorized.
Date: October 29, 1999 STEEL HEDDLE GROUP,INC.
By: /s/ Jerry B. Miller
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Name: Jerry B. Miller
Title: Chief Financial Officer
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EXHIBIT INDEX
EXHIBIT NUMBER DESCRIPTION
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99.1 Press release dated October 26, 1999.
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EXHIBIT 99.1
PRESS RELEASE... October 26, 1999
STEEL HEDDLE NAMES NEW PRESIDENT
Robert W. Dillon has been named President of Steel Heddle, the Greenville, South
Carolina, based textile machinery accessory manufacturer.
Mr. Dillon, a thirty-year Steel Heddle veteran, brings to his new position a
strong and unusual combination of experience and expertise in textile
technology, sales, marketing, and manufacturing. His career at Steel Heddle
began in 1969 following his graduation from the Philadelphia College of Textiles
& Science where he received his degree in Textile Marketing & Management.
Mr. Dillon's responsibilities have included District Sales Engineer, Marketing
Manager, Vice President of the Heddle Division, and Executive Vice President. In
these positions, many of Steel Heddle's major accomplishments have been achieved
by expanding its presence in the growing international markets of Japan and
Southeast Asia. Steel Heddle, in addition to its leadership position in domestic
markets, is now recognized as a global leader in supplying weaving accessories
to the world market.
Mr. Dillon becomes only the twelfth President of Steel Heddle in its 101 years
of operation. He succeeds B. G. (Bennie) Team, who steps down at the end of
October, after serving as president for eight years.
Steel Heddle also operates an expanding Rolled Wire Products Division in
Westminster, South Carolina. In addition to its textile wire capabilities, this
operation is producing products for the growing photovoltaic wire market, as
well as flat wire products for the automotive, electronics, computer and
aircraft markets. Other Steel Heddle plants are located in North Carolina and
Mexico.
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Mr. Dillon's community service includes ten years on the Board of Trustees for
the School District of Greenville County, where he held the position of Chairman
for three years. He is a graduate of Leadership Greenville and Leadership South
Carolina. He and his wife, Nicki, reside in Greenville. Their daughter, Braeton,
is an Economics graduate of Wake Forest and an Investment Analyst with
Wachovia's Retirement Plan Security Division.
Son, Tyler, a Clemson Construction Science graduate, is Project Manager with
Bovis Construction Group, Memphis, Tennessee.
