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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): May 2, 2000
BRUSH WELLMAN INC.
(Exact name of registrant as specified in its charter)
Ohio 1-7006 34-0119320
(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
17876 St. Clair Avenue, Cleveland, OH 44110
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (216) 486-4200
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events.
On May 2, 2000, Brush Wellman Inc. distributed the press release that
is incorporated herein by reference and is being filed as an exhibit to the
report on this form.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
Exhibit Description of Exhibit
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99 Press Release of Brush Wellman Inc. dated May 2, 2000.
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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.
BRUSH WELLMAN INC.
By: /s/ Michael C. Hasychak
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Michael C. Hasychak
Vice President, Secretary and
Treasurer
Date: May 9, 2000
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EXHIBIT INDEX
Exhibit Description of Exhibit
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99 Press Release of Brush Wellman Inc., dated May 2, 2000.
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Exhibit 99
BRUSH WELLMAN SHAREHOLDERS APPROVE REORGANIZATION
FOR IMMEDIATE RELEASE
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Cleveland, Ohio -- May 2, 2000 -- Shareholders of Brush Wellman Inc.
(NYSE - BW) today approved the reorganization of the Company's capital and
corporate structure. Through a merger, Brush Wellman will become a wholly-owned
subsidiary of a holding company, Brush Engineered Materials Inc., with a single
class of common stock. The merger is expected to be effective May 16, 2000. The
stock, listed on the New York Stock Exchange, will continue to trade under the
symbol BW.
Commenting on the shareholder approval of the reorganization, Mr.
Harnett stated "We believe the reorganization and new structure approved today
will enhance shareholder value by providing investors a better understanding of
the value of each of our independent businesses and the ability to focus on, and
capture, the unique growth opportunity of each business. This new structure is
consistent with our long-term strategy, provides the added flexibility to take
advantage of the opportunities presented by the rapid growth of our worldwide
markets and allows us to more easily consider alternatives to extract value from
those individual businesses for our shareholders."
In addition, shareholders reelected Gordon D. Harnett, David H. Hoag
and William P. Madar to the Board of Directors. Shareholders also confirmed the
appointment of Ernst & Young LLP as independent auditors for the Company.
Brush Wellman Inc., with headquarters in Cleveland, Ohio, is a
manufacturer of engineered materials. The Company and its subsidiaries supply
worldwide markets with Beryllium Products, Alloy Products, Electronic Products,
Precious Metal Products, and Engineered Material Systems.
For further information, please contact:
Michael C. Hasychak
Vice President, Treasurer and Secretary
Brush Wellman Inc.
17876 St. Clair Ave.
Cleveland, Ohio 44110
(216) 383-6823
http://www.brushwellman.com
