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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 10, 1997
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GRC INTERNATIONAL, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-7517 95-2131929
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(State of (Commission File Number) (I.R.S. Employer
Incorporation) Identification No.)
1900 Gallows Road, Vienna, Virginia 22182
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(Address of principal executive office) (Zip Code)
(703) 506-5000
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(Registrant's telephone number)
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Item 5. Other Events.
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On March 10, 1997, GRC International Inc. announced its board of directors has
unanimously elected Joseph R. Wright Jr., 58, as its new chairman. Wright has
been a member of the GRCI board since November 1994.
In making the announcement, GRC International President and CEO Jim Roth said,
"I am very pleased that we have been able to elect a chairman with credentials
in both the government and private sectors as outstanding as those Joe brings to
the position. His strong business acumen and senior-level government experience
will serve GRCI very well as we seek to position the company to best address the
opportunities that lie before it. Both Joe and I look forward to continuing the
close working relationship we have developed over the past several months."
Wright added that he is "highly encouraged by the potential within GRCI and I
look forward to working with Jim as he brings the company quickly back to
profitability and a growth profile."
Wright currently is chairman and CEO of AVIC Group International Inc. (AMEX:
AV), a public company establishing joint ventures to develop, finance, build and
maintain telecommunications networks in the People's Republic of China.
From 1981 to 1982, Wright served as deputy secretary of the Department of
Commerce, then spent the next six years as deputy director of the White House
Office of Management and Budget (OMB). He was a member of the President's
Cabinet as director of OMB from 1988 to 1989, prior to becoming vice chairman
and executive vice president of W.R. Grace & Co., positions he held from 1989
until 1994. Earlier in his career, Wright was president of Citicorp Retail
Services and Retail Consumer Services from 1976 to 1981, and was a partner at
Booz, Allen and Hamilton Inc.
In addition to his current positions with AVIC Group International and GRC
International, Wright is vice chairman of The Jefferson Group Inc. and co-
chairman of Baker & Taylor Holdings Inc. He also serves on the boards of
directors of Travelers Group Inc., Netmatics Inc., and Deswell Industries. He
is a Member of the Board of Advisors of Barington Capital Corporation and Great
Lakes Pulp and Fiber Corporation, a director of the Washington Scholarship
foundation, a trustee of Hampton University and chairman of their Investment
Committee, a director of Citizens for a Sound Economy, and a member of Chief
Executives Organization and Young Presidents' Organization.
2
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Item 7. Financial Statements and Exhibits.
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(c) Exhibits.
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Exhibit No. Description
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99.1 Press Release dated March 10, 1997
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf of the
undersigned hereunto duly authorized.
GRC INTERNATIONAL, INC.
Date: March 12, 1997 By: /s/ Thomas E. McCabe
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Thomas E. McCabe
Senior Vice President,
General Counsel & Secretary
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Exhibit 99.1
[LOGO OF GRC INTERNATIONAL INC APPEARS HERE]
1900 Gallows Road - Vienna, Virginia 22182 - Traded: GRH on NYSE
GRC INTERNATIONAL BOARD ELECTS NEW CHAIRMAN
VIENNA, VA., MARCH 10, 1997 - GRC INTERNATIONAL INC. (NYSE: GRH) today announced
its board of directors has unanimously elected Joseph R. Wright Jr., 58, as its
new chairman. Wright has been a member of the GRCI board since November 1994.
In making the announcement, GRC International President and CEO Jim Roth said,
"I am very pleased that we have been able to elect a chairman with credentials
in both the government and private sectors as outstanding as those Joe brings to
the position. His strong business acumen and senior-level government experience
will serve GRCI very well as we seek to position the company to best address the
opportunities that lie before it. Both Joe and I look forward to continuing the
close working relationship we have developed over the past several months."
Wright added that he is "highly encouraged by the potential within GRCI and I
look forward to working with Jim as he brings the company quickly back to
profitability and a growth profile."
Wright currently is chairman and CEO of AVIC Group International Inc. (AMEX:
AV), a public company establishing joint ventures to develop, finance, build and
maintain telecommunications networks in the People's Republic of China.
From 1981 to 1982 Wright served as deputy secretary of the Department of
Commerce, then spent the next six years as deputy director of the White House
Office of Management and Budget (OMB). He was a member of the President's
Cabinet as director of OMB from 1988 to 1989 prior to becoming vice chairman and
executive vice president of W.R. Grace & Co., positions he held from 1989 until
1994. Earlier in his career, Wright was president of Citicorp Retail Services
and Retail Consumer Services from 1976 to 1981, and was a partner at Booz, Allen
and Hamilton Inc.
In addition to his current positions with AVIC Group International and GRC
International, Wright is vice chairman of The Jefferson Group Inc. and co-
chairman of Baker & Taylor Holdings Inc. He also serves on the boards of
directors of Travelers Group Inc., Netmatics Inc., and Deswell Industries. He is
a Member of the Board of Advisors of Barington Capital Corporation and Great
Lakes Pulp and Fiber Corporation, a director of the Washington Scholarship
foundation, a trustee of Hampton University and chairman of their Investment
Committee, a director of Citizens for a Sound Economy, and a member of Chief
Executives Organization and Young Presidents' Organization.
GRC International with headquarters in Vienna, Va., is a leading provider of
knowledge-based professional services and high-quality technology based product
solutions to government and commercial customers. GRCI is a publicly traded
company listed on the New York Stock Exchange under the symbol GRH.
Inquiries: Wayne Jackson, Director, Corporate Communications, (703) 506-5038.
GRCI press releases are available through Company News On-Call at
http://www.prnewswire.com/.
