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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): March 9, 2000
COMPASS AEROSPACE CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 95-4659126
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
1501 Hughes Way, Suite 400
Long Beach, California 90810
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (310) 522-0600
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ITEM 5. OTHER EVENTS
On March 9, 2000, Alexander Hogg, the President and Chief Executive
Officer of Compass Aerospace Corporation and a member of the Board of
Directors of Compass, resigned and the Board of Directors of Compass
appointed Douglas B. Solomon as Compass' new President and Chief Executive
Officer.
Compass' press release, dated March 10, 2000, is filed as Exhibit 99.1
and is incorporated by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) EXHIBITS.
The following exhibit is filed with this report on Form 8-K:
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99.1 Press Release: "Compass Aerospace Appoints Douglas B. Solomon,
Chief Executive Officer" dated March 10, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this current report to be signed on its behalf by
the undersigned hereunto duly authorized.
COMPASS AEROSPACE CORPORATION,
a Delaware corporation
Date: March 23, 2000 /s/ N. Paul Brost
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N. Paul Brost
Chief Financial Officer, Vice President
and Treasurer
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EXHIBIT 99.1
COMPASS AEROSPACE APPOINTS DOUGLAS B. SOLOMON, CHIEF
EXECUTIVE OFFICER
COMPASS AEROSPACE CORPORATION [LONG BEACH, CA]-10 MARCH, 2000-Douglas M.
Hayes, Chairman of Compass Aerospace Corporation ("Compass"), announced today
that Douglas B. Solomon, a member of Compass' Board of Directors, has been
appointed Chief Executive Officer of Compass. Mr. Solomon, Managing Director
of Macluan Capital Corporation, has been involved with Compass since its
inception and was on the team that successfully completed each of Compass'
acquisitions and capital raisings to date.
In addition, John R. Reimers has joined Compass in the position of Executive
Vice President and Chief Operating Officer. Mr. Reimers brings to Compass 20
years manufacturing experience in the aerospace and specialty metals
industries. Prior to joining Compass, he was the Senior Vice President of
Operations and Administration for Teledyne Brown Engineering in Huntsville,
Alabama. Prior to that he was the Senior Vice President for Teledyne Ryan in
San Diego. In his 18 years in the aerospace industry, Mr. Reimers has served
in a variety of senior manufacturing and finance roles.
Alexander Hogg, President and Chief Executive Officer of Compass, has
resigned effective immediately to pursue other business interests. Mr. Hayes
said, "I know I speak for the entire Board of Directors of Compass in
expressing our appreciation to Alex for his achievements as President and CEO
of Compass. Under his management, Compass has become a leader in providing
integrated products, on a just-in-time basis, to its customers' production
line, and is well positioned to reduce its customer's supply chains".
Compass Aerospace Corporation manages a portion of the supply chain for its
aerospace industry customers by manufacturing precision parts, sub-assemblies
and manufacturing kits. Compass' headquarters are in Long Beach, CA and its
manufacturing facilities are in Puget Sound Washington, southern California,
Wichita, Kansas and the United Kingdom.
The above information contains forward-looking statements within the meaning
of the Private Securities Reform Act of 1995 with respect to the future
strategy of Compass. Changed conditions within the aviation industry as well
as other unanticipated changes beyond Compass' control may cause Compass to
modify its strategy.
For more information, please contact Douglas M. Hayes, Chairman, at (310)
785-6677 or Douglas B. Solomon, CEO, at (310) 522-0649.
