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 event reported: September 15, 1998
DANIELSON HOLDING CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 1-6732 95-6021257
(State of Incorporation) (Commission File (IRS Employer
Number) Identification No.)
767 Third Avenue, New York, New York 10017
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 888-0347
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Item 5. Other Events
On September 15, 1998, the Board of Directors of the Registrant increased
the size of the Board from nine members to ten members and elected William W.
Palmer as a member of the Board. Mr. Palmer is the General Counsel to the
California Insurance Commissioner and the Deputy Commissioner and CEO of the
California Department of Insurance Conservation & Liquidation Office, as well as
serving in other capacities on behalf of the California Insurance Commissioner.
The California Insurance Commissioner beneficially owns 1,803,235 shares of
common stock of the Registrant (11.6% of the outstanding stock) in his capacity
as trustee for the benefit of holders of certain deficiency claims against
certain trusts.
A. Exhibits
The following exhibit is filed as part of this report.
99.1 Press Release dated September 17, 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 thereunto duly authorized.
September 17, 1998 DANIELSON HOLDING CORPORATION
By: /s/ David M. Barse
President
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EXHIBIT INDEX
EXHIBIT PAGE
NUMBER DOCUMENT NUMBER
99.1 Press Release dated 5
September 17, 1998
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FOR IMMEDIATE RELEASE
Contact: David M. Barse
President & Chief Operating Officer
212/888-0347
DANIELSON HOLDING APPOINTS ADDITIONAL DIRECTOR
New York City - September 17, 1998
Danielson Holding Corporation (DHC-AMEX) announced today that it has
increased the size of the Board from nine members to ten members and elected
William W. Palmer as a member of the Board. Mr. Palmer is the General Counsel to
the California Insurance Commissioner and the Deputy Commissioner and CEO of the
California Department of Insurance Conservation & Liquidation Office, as well as
serving in other capacities on behalf of the California Insurance Commissioner.
The California Insurance Commissioner beneficially owns 1,803,235 shares of
common stock of the Registrant (11.6% of the outstanding stock) in his capacity
as trustee for the benefit of holders of certain deficiency claims against
certain trusts. Danielson is extremely pleased to have Mr. Palmer on the Board
and believes that he will add tremendous value to the Company.
Danielson Holding Corporation is an American Stock Exchange listed company,
engaging in the specialty insurance business through its subsidiaries.
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