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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) MARCH 27,2000
CLARCOR Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-11024 36-0922490
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
2323 Sixth Street, P.O. Box 7007, Rockford Illinois 61125
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(Address of principal executive offices) (Zip Code)
815-962-8867
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(Registrant's telephone number,
including area code)
N/A
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(Former Name or Former Address, if Changed Since Last Report.)
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Item 5. OTHER EVENTS
On March 27, 2000, CLARCOR announced that on March 25, 2000, its Board of
Directors appointed Norman E. Johnson as Chairman, President and Chief Executive
Officer due to the retirement of Lawrence E. Gloyd as Chairman and Chief
Executive Officer. Mr. Gloyd was named Chairman Emeritus and he will continue to
serve on the Board of Directors. The announcement is attached herewith as
Exhibit 99.1 and is incorporated herein by reference.
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.
CLARCOR Inc.
(Registrant)
March 29, 2000 By /s/ Norman E. Johnson
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Norman E. Johnson
Chairman, President &
Chief Executive Officer
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EXHIBIT 99.1
CLARCOR
FOR FURTHER INFORMATION CONTACT:
Marcia S. Blaylock
Vice President
Rockford, Illinois
815-962-8867
FOR IMMEDIATE RELEASE
MONDAY, MARCH 27, 2000
CLARCOR ANNOUNCES GLOYD RETIREMENT; JOHNSON APPOINTED AS
CHAIRMAN AND CEO
ROCKFORD, IL, MARCH 27, 2000--CLARCOR INC. (NYSE: CLC) announced today that its
Board of Directors appointed Norman E. Johnson, 51 years old, as Chairman,
President and Chief Executive Officer at the Company's Annual Meeting on March
25, 2000. Lawrence E. Gloyd, 67 years old, retired as Chairman and Chief
Executive Officer after serving CLARCOR for 16 years. The Board named Gloyd as
Chairman Emeritus and he will continue to serve on CLARCOR's Board of Directors.
Gloyd's retirement and Johnson's appointment to succeed him were part of a
succession plan adopted by CLARCOR's Board of Directors five years ago.
Gloyd became associated with CLARCOR in 1984 when he joined the Board of
Directors as an outside director. He joined active management as President &
Chief Operating Officer in 1986, Chief Executive Officer in 1988 and Chairman in
1991. During his tenure revenues have grown by more than four-fold and earnings
have more than doubled. Gloyd concludes his career with CLARCOR with seven
consecutive years of earnings increases.
Johnson joined CLARCOR as President of its Baldwin Filter subsidiary in 1990. He
became Group Vice President-Filtration Products in 1993 and was appointed
President and Chief Operating Officer in 1995 and a Director in 1996.
"Norm Johnson brings a strong track record of demonstrated success and has made
substantial contributions to our growth during the past decade," said Gloyd.
"He's the right leader for CLARCOR at the right time. Moreover, we have a strong
team of leaders behind him and together, I am very confident they will bring
CLARCOR to greater success in the future."
CLARCOR is based in Rockford, Illinois and is a diversified marketer and
manufacturer of mobile, industrial and environmental filtration products and
consumer and industrial packaging products sold in domestic and international
markets. Common shares of the Company are traded on the New York Stock Exchange
under the symbol CLC.
