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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): March 13, 1998
GREASE MONKEY HOLDING CORPORATION
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(Exact name of registrant as specified in its charter)
Colorado 0-9812 87-0321320
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(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
216 Sixteenth Street, Suite 1100, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (303) 534-1660
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ITEM 5. OTHER EVENTS
As of March 13, 1998, T. Timothy Kershisnik stepped down from his
positions as Vice President, Controller, Treasurer and Corporate Secretary of
Grease Monkey Holding Corporation ("Company"). Please refer to press release
attached.
Effective April 1, 1998, Bruce D. Fraser will be appointed to the new
position of Senior Vice President and Chief Financial Officer. In addition,
Dana Klapper Cohen was appointed acting Corporate Secretary.
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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.
Date: March 18, 1998
GREASE MONKEY HOLDING CORPORATION
By: /s/ Charles E. Steinbrueck
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Charles E. Steinbrueck, President and Chief Executive Officer
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FOR IMMEDIATE RELEASE CONTACT: Charles E. Steinbrueck
March 18, 1997 Grease Monkey
(303) 454-3434
GREASE MONKEY INTERNATIONAL, INC., ANNOUNCES
APPOINTMENT OF CHIEF FINANCIAL OFFICER
DENVER -- Grease Monkey International, Inc., the largest independent operator
and franchisor of quick lube centers in the United States and in Mexico,
today announced the appointment of Bruce D. Fraser to the new position of
Senior Vice President and Chief Financial Officer. The company also
announced that T. Timothy Kershisnik, its current treasurer, secretary and
controller will be stepping down.
Fraser will take on the role of CFO, a position that does not currently
exist at Grease Monkey. "We are at a point in our development where we need
a much more strategic approach to the financial side of our business, and
having a CFO as accomplished and knowledgeable as Bruce will help us
accomplish that," said Grease Monkey president and CEO Charles E.
Steinbrueck. "We are pleased to have someone with Bruce's talents on board."
Fraser most recently served as the CFO and vice president of finance for
Unidata, Inc., a private software company based in Denver. At Unidata, he
was responsible for restructuring the company's finance organization,
refinancing its bank debt and financing a number of major acquisitions.
Before coming to Unidata, Fraser worked for investment banks in New York and
London. He has also previously served as a corporate treasurer of a large
energy services company. Fraser holds an MBA from Northwestern University.
-more-
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2-2-2-2
Grease Monkey simultaneously announced that T. Timothy Kershisnik, who
currently serves as the company's treasurer and controller will be stepping
down to pursue other interests. Kershisnik has been with Grease Monkey since
1992. "I am grateful to Tim for his many years of service to the
organization," said Steinbrueck. "We all wish him the best in his new
endeavors."
Grease Monkey is one of the nation's largest franchisors of fast lube
and oil change centers. With 212 centers in 31 states and Mexico, 32 of
which are company-owned, Grease Monkey is the largest quick lube organization
not owned by a major oil company. In Colorado, Grease Monkey operates 19
company-owned centers located throughout the Denver Metro area and has 32
franchised centers. Grease Monkey International's parent company, Grease
Monkey Holding Corporation (NASDAQ -GMHC) is a publicly traded company.
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