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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
May 8, 2000
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(Date of earliest event reported)
CMI Corporation
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(Exact name of registrant as specified in its charter)
Oklahoma 1-5951 73-0519810
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
I-40 and Morgan Road, P. O. Box 1985, Oklahoma City, Oklahoma 73101
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(Address of principal executive offices) (Zip Code)
(405) 787-6020
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Registrant's telephone number, including area code
Item 5. Other Events.
On May 8, 2000, CMI Corporation ("CMI") announced that Tom Engelsman has
resigned as the Chief Executive Officer and as a director of CMI. Bill Swisher,
CMI's former Chief Executive Officer and current Board Chairman, has been
appointed interim President and Chief Executive Officer.
A copy of the press release announcing the resignation of Mr. Engelsman is
filed as Exhibit 99.1 to this Form 8-K.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
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99.1 Press Release of CMI Corporation dated May 8, 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.
CMI CORPORATION
Date: May 8, 2000 By: /s/ Jim D. Holland
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Jim D. Holland, Senior Vice President
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EXHIBIT 99.1
NEWS RELEASE
FOR ADDITIONAL INFORMATION, CONTACT:
Jim Rodriguez Woody Wallace
Vice President Investor Relations The Investor Relations Company
405-491-2467 847-564-5610
FOR IMMEDIATE RELEASE - OKLAHOMA CITY - May 8, 2000
CMI Reports Management Change - Appoints Interim CEO
Oklahoma City, May 8, 2000 - CMI Corporation (NYSE-CMI) today announced that Tom
Engelsman, President and CEO, has resigned his positions for personal reasons.
Due to a series of medical reasons, his wife Virginia was not able to move to
Oklahoma City, and as such Tom has elected to return to Chicago to pursue
alternative opportunities that will better suit his family. Tom also resigned
his position on the CMI Board of Directors.
To fill this vacancy, the Board of Directors has appointed Bill Swisher, the
company's Board Chairman, as interim President and CEO. Bill is CMI's Founder
and immediate past CEO. He will oversee the strategy of the company while a
search committee seeks a new CEO.
CMI Corporation is a growing innovator, designer and manufacturer of equipment
for heavy-duty construction and infrastructure applications. With headquarters
in Oklahoma City, the company's leading-edge equipment is used to build,
maintain and reconstruct roads, highways, bridges and airport runways. Recent
acquisitions have given CMI capabilities in concrete plant production; have
extended product offerings in compaction technology for landfills and road
bases; and have enabled the company to offer industrial grinding for landfills,
construction, land clearing and other disposable applications.
