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UNITED STATES
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): JUNE 6, 1996
BINKS MANUFACTURING COMPANY
(Exact name of registrant as specified in its charter)
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DELAWARE 1-1416 36-0808480
(State or other jurisdiction of (Commission file number) (I.R.S. employer
incorporation) identification no.)
9201 WEST BELMONT AVENUE 60131
FRANKLIN PARK, ILLINOIS (Zip Code)
(Address of principal executive office)
Registrant's telephone number, include area code: (847) 671-3000
NOT APPLICABLE
(Former name or former address, if changed since last year)
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ITEM 5. OTHER EVENTS.
This Form 8-K is for the purpose of filing a press release regarding the
resignation of Burke B. Roche, as Chairman, President and CEO of the Company,
the election of John J. Schornack as Chairman and Doran J. Unschuld as President
and CEO and other management changes.
ITEM 7(c). EXHIBITS.
Exhibit 99.1 Press Release dated June 6, 1996
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SIGNATURES
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.
BINKS MANUFACTURING COMPANY
Date: June 18, 1996 By: /s/ Doran J. Unschuld
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Name: Doran J. Unschuld
Title: President and Chief
Operating Officer
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INDEX TO EXHIBITS
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EXHIBITS
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99.1 Press Release dated June 6, 1996
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Contact: John J. Schornack
Chairman of the Board
(847) 367-4919
-or-
Doran J. Unschuld
President & CEO
(847) 671-3000 x222
FOR IMMEDIATE RELEASE
BINKS NAMES NEW CHAIRMAN AND CEO
(FRANKLIN PARK, IL, June 6, 1996) -- Binks Manufacturing Company, Franklin Park,
Illinois-based spray finishing and coating application equipment manufacturer
announces that Burke B. Roche, 82, President and CEO of the Company for 47 years
has decided to retire to reflect a succession plan he developed and which was
approved by the Board. Mr. Roche was named Chairman Emeritus and will continue
as a Director. The Board elected John J. Schornack, age 65, as Chairman of the
Board of Directors, and Doran J. Unschuld, 72 as President and Chief Executive
Officer. The changes are immediate.
Other management changes include the naming of Terence P. Roche, age 38 as
Executive Vice President; Carl M. Springer, age 54 as Vice President-
Engineering; Samuel W. Culbertson, age 54 as Vice President-Research and
Development; and Jeffrey W. Lemajeur, age 34 as Chief Financial Officer.
"Doran Unschuld is a 42-year veteran with Binks and has managerial
experience in all phases of the company, including legal, financial and
operations. As President and CEO, he will be able to carry on the success that
Burke Roche brought to Binks during
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BINKS MANAGEMENT CHANGES - page 2
his 47 years, when the company grew from a domestic business with $6 million in
sales to a multi-national corporation with more than $260 million in sales,"
said John Schornack.
Formerly Senior Vice President and Corporate Secretary, Unschuld is a
Director of the Company and its British subsidiary, Binks-Bullows, Ltd.
Chairman John J. Schornack is the CEO of KraftSeal Corporation and retired
Vice Chairman of Ernst & Young LLP.
"We are increasing the size of the Binks Board from five to nine members.
The majority of the directors will be unaffiliated with the company," said
Schornack.
To reflect this new board initiative, Dr. Donald G. Meyer, retired Dean of
the School of Business Administration of Loyola University, Chicago, will fill a
board vacancy created by the resignation of Jacques De Freitas, retired Managing
Director of Sames, S.A., the French subsidiary of the Company.
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