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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: OCTOBER 3, 1994
UST CORP.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
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<S> <C> <C>
MASSACHUSETTS 0-9623 04-2436093
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
40 COURT STREET
BOSTON, MASSACHUSETTS 02108
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
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(617) 726-7000
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
The Board of Directors of the Company announced on September 29, 1994 that
the Chairman of the Board of the Company Paul M. Siskind has decided to retire
and will accordingly resign as a Director effective October 18, 1994. Mr.
Siskind has been a member of the Company's Board of Directors since 1967 and has
served as Chairman for 27 years. William Schwartz, Vice Chairman of the Board of
the Company, will assume the responsibilities of the Chairman until a successor
has been named.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
28. UST Corp.'s Press Release dated September 29, 1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
UST CORP.
/s/ Neal F. Finnegan
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Neal F. Finnegan
President and
Chief Executive Officer
/s/ Eric R. Fischer
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Eric R. Fischer
Executive Vice President,
General Counsel and Clerk
Dated: October 3, 1994
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PAUL M. SISKIND RETIRES AS UST CORP. CHAIRMAN
BOSTON, MASS . . . SEPTEMBER 29, 1994 . . . The Board of Directors of
UST Corp. (NASDAQ:USTB), parent company of USTrust, and United States Trust
Company in Massachusetts and USTBank/Connecticut, announced today that Chairman
of the Board Paul M. Siskind has decided to retire and will accordingly resign
as a director effective October 18, 1994. Mr. Siskind has been a member of the
UST Corp. Board of Directors since 1967 and has served as Chairman for 27 years.
In addition to his many significant contributions to UST Corp., Mr. Siskind
has had a distinguished legal career. Appointed Assistant Professor of Law at
Boston University in 1948, he went on to serve as Dean of the Boston University
School of Law from 1966 until 1976. He continued as Professor of Law until 1980
and is currently Professor Emeritus.
"I've enjoyed and appreciated the opportunity to help build UST and I feel
this is a good time for me to move on," notes Siskind. "I am confident that the
Company is well-positioned for the future, and will continue to benefit from the
guidance of the Board and senior management."
"Paul Siskind has played an integral part in the growth of UST," commented
Neal F. Finnegan, UST Corp. President and Chief Executive Officer. "His
leadership and guidance have been invaluable in shaping our Company. He is
greatly admired and respected by the Board, management and employees alike."
William Schwartz, Vice Chairman of the Board of UST Corp., will assume the
responsibilities of the Chairman until a successor has been named.
