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) MAY 4, 1998
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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, Equitable Resources,
Inc. (ERI), today announced the appointment of Murry S. Gerber,
45, as the Company's president and chief executive officer. He
will also serve as a director on the Company's Board. He succeeds
Donald I. Moritz who has been serving, on an interim basis, as
ERI's president and chief executive officer since July 1, 1997.
Mr. Gerber will assume his new position at ERI on June 1, 1998.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) A press release announcing the appointment of Murry S. Gerber as
the Company's president and chief executive officer effective June
1, 1998, 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/ Jeffrey C. Swoveland
Jeffrey C. Swoveland
Vice President - Finance and Treasurer
and Interim Chief Financial Officer
May 4, 1998
<PAGE>
EXHIBIT INDEX
Exhibit No. Department Description Sequential Page No.
99 Press release announcing the appointment 4
of Murry S. Gerber as the Company's
president and chief executive officer
Contact: DIANE WUYCHECK
(412) 553-5911
Date: MAY 4, 1998
EQUITABLE RESOURCES NAMES SHELL OIL EXECUTIVE
MURRY S. GERBER PRESIDENT AND CEO
PITTSBURGH -- The Board of Directors of Equitable Resources, Inc. (ERI)
today announced the appointment of Murry S. Gerber, 45, as the energy company's
president and chief executive officer. He will also serve as a director on the
Company's Board. He succeeds Donald I. Moritz who has been serving, on an
interim basis, as ERI's president and chief executive officer since July 1997.
Mr. Gerber will assume his new position at ERI on June 1.
A 20-year Shell Oil Company veteran, Mr. Gerber will be leaving his
position as chief executive officer of Coral Energy, a Shell affiliate he helped
to create in 1995. Previously, Mr. Gerber was treasurer of Shell Oil. Prior to
that, he led the strategic planning and financial activities for Shell's
domestic exploration and production business. In addition, he has been
responsible for managing various exploration programs in the continental United
States, Alaska and the offshore Gulf of Mexico. Mr. Gerber began his career at
Shell in 1978 as a geologist.
"Murry Gerber brings to ERI an impressive track record in exploration
and production, marketing and financial management," said Thomas A. McConomy, a
member of ERI's Board of Directors and chairperson of its executive search
committee. "Mr. Gerber's well-balanced perspective will be instrumental in
leading ERI's continuing development and growth in the rapidly changing energy
industry."
--more--
<PAGE>
Commenting on his appointment, Mr. Gerber said, "Equitable Resources is
a financially strong and diversified energy company. I am encouraged about the
Company's prospects for profitable growth in all of its businesses at a very
dynamic time in the energy industry. I'm looking forward to my new role and to
joining the Equitable family," he added.
With this announcement, Donald I. Moritz, the Company's former CEO who
assumed this position for the second time in his 42-year career with Equitable,
will be retiring. During this interim period, Mr. Moritz is credited with
effective stewardship of the Company. He will remain a director on ERI's Board
and serve as chairman of its executive committee.
Murry Gerber holds a master of science degree in geology from the
University of Illinois and graduated with honors from Augustana College in
Illinois where he earned a bachelor of arts degree in geology. He is a Chicago
native and has resided in Texas and Louisiana during his career at Shell.
Equitable Resources, Inc. (NYSE:EQT) is a fully-integrated energy
exploration and production, distribution, marketing and energy services company.
It offers customized energy (natural gas, gas liquids, crude oil and
electricity) solutions to wholesale and retail customers with innovative
products and services through three primary business segments -- ERI Supply &
Logistics, ERI Utilities and ERI Services. ERI has customers and operations
nationwide and in selected international locations.
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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
