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) July 21, 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
The Board of Directors of the Registrant (ERI) announced the early
retirement of company president and chief executive officer, Frederick
H. Abrew, effective July 17, 1997. Donald I. Moritz, chairman of the
executive committee of the Board, will be interim chief executive
officer until the search for a successor is completed.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) A press release announcing the early retirement of company president
and chief executive officer Frederick H. Abrew 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
July 21, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Document Description Sequential Page No.
99 Press release announcing the early retirement of 4
company president and chief executive officer
Frederick H. Abrew
<PAGE>
EXHIBIT 99
ROBERT BUTTER
OR
DIANE WUYCHECK
(412) 553-5911
JULY 17, 1997
EQUITABLE RESOURCES' CEO ELECTS EARLY RETIREMENT
PITTSBURGH -- The Board of Directors of Equitable Resources, Inc. (ERI)
today announced the retirement of company president and chief executive officer
Frederick H. Abrew, 59, who has served in this position since January 1995. Mr.
Abrew's early retirement from ERI and its Board is effective immediately. He
joined the company in 1980 as an operating manager and held positions of
increasing management responsibility, including being named chief operating
officer of the company in 1992.
Donald I. Moritz, chairman of the executive committee of the Board, will
become ERI's interim chief executive officer. Mr. Moritz held the position of
chairman and chief executive officer of the company until his retirement in
1994. The search for a successor is underway, with both internal and external
candidates being considered.
"Fred Abrew has done an excellent job in establishing an appropriate
direction for ERI's transition in a deregulated marketplace," said Thomas A.
McConomy, chairman of the Board's governance and search committees. "The Board
of Directors expressed its appreciation for Mr. Abrew's many years of service
and guidance. Under his leadership, ERI has become one of the industry's most
innovative energy services organizations. Our committee is seeking a successor
who will complete the implementation of ERI's strategy of becoming a premier
provider of energy solutions."
Equitable Resources, Inc. is a fully-integrated energy exploration,
distribution and marketing company. It offers customized energy solutions to
wholesale and retail customers with innovative products and services from its
three primary business segments -- ERI Supply & Logistics, ERI Utilities and ERI
Services. ERI has operations and customers throughout North America.
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
