SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
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 20, 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
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (630) 571-8800
Item 5. Other Events
On May 20, 1997, Envirodyne Industries, Inc. ( 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 20, 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 20, 1997
Exhibit No. Description of Exhibits
Ex. 99 Press release dated May 20, 1997 related to the
final results of the annual meeting
Exhibit 99
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION:
Nasdaq SmallCap: EDYN MEDIA: INVESTORS:
May 20, 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 20 -- 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.
