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): May 21, 1997
ENVIRODYNE INDUSTRIES, INC.
(Exact Name of Company as Specified in its Charter)
Delaware 0-5485 95-2677354
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
701 Harger Road, Suite 190, Oak Brook, Illinois 60521
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (630) 571-8800
Item 5. Other Events
On May 21, 1997, Envirodyne Industries, Inc. ("Envirodyne" or the
"Company") announced that the Corporation Trust Company, the inspectors of
election for the Company's annual meeting held May 16, 1997, had certified
the final results of the annual meeting. A press release issued by the
Company relating to this matter is included as Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99 Press release dated May 21, 1997 related to the final
results of the annual meeting
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.
ENVIRODYNE INDUSTRIES, INC.
Registrant
By: /s/ Gordon S. Donovan
Vice President, Chief Financial
Officer and Treasurer
May 21, 1997
Exhibit No. Description of Exhibits
Ex. 99 Press release dated May 21, 1997 related to the
final results of the annual meeting
Exhibit 99
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION:
Nasdaq SmallCap: EDYN MEDIA: INVESTORS:
May 21, 1997 Roy Wiley Stephen M. Schuster or
(312) 255-3035 Gordon S. Donovan
(630) 575-2400
ENVIRODYNE ANNOUNCES
FINAL RESULTS OF ANNUAL MEETING
OAK BROOK, Ill. -- May 21 -- Envirodyne Industries, Inc. (Nasdaq
SmallCap: EDYN) today announced that the Corporation Trust Company, the
inspectors of election for the company's annual meeting held on May 16,
1997, has certified the final results of the meeting. The results show that
stockholders overwhelmingly elected the five director nominees proposed by
the company and rejected a proposal submitted by Zapata Corporation to
eliminate the company's stockholder rights plan. The final results
indicated that in excess of 99% of the shares voted were voted in favor of
management's slate of directors and against Zapata's proposal. Zapata
Corporation did not vote its shares at the meeting, and therefore the total
number of shares represented at the meeting does not include shares held by
Zapata Corporation.
The five director nominees that have been elected are F. Edward
Gustafson, Robert N. Dangremond, Michael E. Heisley, Gregory R. Page and
Mark D. Senkpiel.
Gustafson, Chairman, President and Chief Executive Officer of the
company, said, "Our stockholders clearly support an independent board of
directors, and they see the benefits of maintaining a stockholder rights
plan until a fair price is paid to acquire control of the company."
Envirodyne has major interests in the food packaging and the food
supplies industry, operating through three subsidiaries -- Viskase
Corporation, Clear Shield National, Inc. and Sandusky Plastics, Inc.
