UNITED STATES
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) AUGUST 1, 1997
EQUITABLE RESOURCES, INC.
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-3551 25-0464690
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
420 BOULEVARD OF THE ALLIES, PITTSBURGH, PENNSYLVANIA 15219
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 261-3000
NONE
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
A. Mark Abramovic, senior vice president and chief financial officer
(CFO) of the registrant, Equitable Resources, Inc. (ERI), has accepted
a similar position at a New Jersey integrated energy company and will
resign his current position at ERI, effective August 29, 1997.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) A press release announcing ERI's Chief Financial Officer, A. Mark
Abramovic, resigning effective August 29, 1997, is filed as Exhibit 99
to this report.
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized.
EQUITABLE RESOURCES, INC.
(Registrant)
By /s/ A. Mark Abramovic
A. Mark Abramovic
Senior Vice President and
Chief Financial Officer
August 1, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Department Description Sequential Page No.
99 Press release announcing the resignation 4
of ERI's Chief Financial Officer and Senior
Vice President, A. Mark Abramovic
Exhibit 99
DIANE WUYCHECK
(412) 553-5911
JULY 31, 1997
ERI CHIEF FINANCIAL OFFICER ACCEPTS NEW POST
PITTSBURGH -- A. Mark Abramovic, senior vice president and chief financial
officer (CFO) of Equitable Resources, Inc. (ERI), has accepted a similar
position with NUI Corporation of New Jersey and will resign his current position
at ERI, effective August 29, 1997. Mr. Abramovic's decision to leave ERI follows
several months of discussions with NUI and is one he came to prior to the July
17 announcement that the Company's chief executive officer elected early
retirement.
The Board of Directors' search committee is currently in the process of
selecting a new chief executive officer for the company. ERI's chief executive
officer for the interim period is its former Chairman and CEO Donald I. Moritz
who stated, "Mark Abramovic has been an important contributor to ERI's
successful entry into the non-regulated energy services business during the past
few years. In addition, he has been instrumental in strengthening ERI's
financial picture during a time of significant changes in our company and
throughout the industry," Moritz added.
Abramovic, 48, joined ERI in November 1993 as assistant to the president
and was elected chief financial officer in 1995. Abramovic said, "My decision to
leave ERI has been a difficult one. Preparing a company for the deregulated
marketplace has been a rewarding experience and I feel confident that ERI will
succeed as it fully implements its growth strategy."
<PAGE>
Equitable Resources is a fully-integrated energy exploration, distribution
and marketing company. It offers customized energy (natural gas, natural gas
liquids, crude oil and electricity) solutions to wholesale and retail customers
with innovative products and services from its primary business segments -- ERI
Supply & Logistics, ERI Utilities and ERI Services. ERI has operations and
customers throughout the United States.
Equitable Resources, Inc. is traded under the ticker symbol, "EQT."
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EQUITABLE RESOURCES' RECENT NEWS RELEASES ARE AVAILABLE FREE OF
CHARGE BY FAX THROUGH COMPANY NEWS ON CALL AT
1-800-758-5804, EXT. 289250, OR ON THE INTERNET AT HTTP://WWW.ERI2000.COM
