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
AUGUST 19, 1998
Date of report (Date of earliest event reported)
BINKS SAMES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE 1-1416 36-0808480
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
9201 West Belmont Avenue
Franklin Park, Illinois 60131
(Address of Principal Executive Office) (Zip Code)
847/671-3000
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. Other Events.
See attached press release issued by Binks Sames Corporation on August
19, 1998 (the "Press Release"). The information set forth in the Press Release
is incorporated herein by reference.
ITEM 7. Financial Statements and Exhibits.
(c) EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Press Release dated August 19, 1998.
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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, hereunto duly authorized.
BINKS SAMES CORPORATION
(Registrant)
Date: August 19, 1998 By: /s/ Dr. Wayne F. Edwards
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Dr. Wayne F. Edwards
Chairman and Chief Executive Officer
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INDEX TO EXHIBITS
Exhibit No. Description
- ----------- -----------
99.1 Press Release dated August 19, 1998
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EXHIBIT 99.1
PRESS RELEASE BINKS SAMES
Binks Sames Corporation
9201 Belmont Avenue
Contact: Ron Bottrell or Franklin Park, IL USA
Doug Dome 60131
DNW Communications Tel: (847) 671-3000
(312) 467-0760
DR. DONALD G. MEYER, BINKS SAMES CHAIRMAN AND CEO, PASSES AWAY;
FORMERLY SERVED AS DEAN OF LOYOLA UNIVERSITY'S SCHOOL OF BUSINESS
Franklin Park, IL, August 19, 1998 - Dr. Donald G. Meyer, Chairman and CEO of
Binks Sames Corporation (AMEX:BIN), passed away last night. He was 63.
At a regularly scheduled meeting this morning of the Board of Directors, Dr.
Wayne F. Edwards was named Chairman of the Board and interim CEO. Edwards, 63,
has been a director of Binks Sames since 1996 and is the retired Vice President
and Chief Financial Officer of Crown Zellerbach International. Terence P. Roche,
Executive Vice President, and Stephen R. Mathers, Vice President- Corporate
Development and President of Sames S.A., will report directly to Edwards and
will continue to be responsible for the day-to-day operations of the Company.
Edwards is a member of a Special Committee of the Board that was created to
consider offers and alternatives relating to the sale of the Company. Working
with its financial advisor, the investment banking firm of William Blair & Co.,
the Board will continue to pursue the sale of the Company as a whole or certain
component parts.
"This is a shock and a loss to everyone at Binks Sames Corporation," Edwards
said. "Don Meyer was respected and well liked by everyone who came in contact
with him. I have known him since childhood, so this is a deep personal loss for
me, as well. In February of this year, Don agreed to serve as Chairman and then
as CEO of Binks Sames at a crucial time in the Company's history. He was devoted
to carrying out those responsibilities in a highly professional manner, in the
best interests of Binks Sames' shareholders and employees. Our hearts go out to
his wife, Marilyn, and his family. He will be dearly missed."
Dr. Meyer retired in 1997 as professor of marketing and previously served as
Dean of the School of Business Administration at Loyola University of Chicago
from 1977 to 1995. He was chairman of
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Binks Sames/2
the Marketing Department of Loyola from 1964-75. Following his retirement, he
made his home in Hillsboro, Missouri.
Binks Sames Corporation is a leading designer, manufacturer and distributor of
spray finishing and coating application equipment.
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