SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 18, 1996
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INSITUFORM TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-10786 13-3032158
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1770 Kirby Parkway, Suite 300,
Memphis, Tennessee 38138
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code (901) 759-7473
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Item 5. Other Events.
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On November 18, 1996, the Registrant announced that Jerome
Kalishman, formerly Vice Chairman of the Board, had been elected
Chairman, succeeding James D. Krugman. The Registrant also
announced that Anthony W. Hooper, formerly Senior Vice President -
Marketing and Technology, had been elected President and Chief
Executive Officer, and a Director, replacing Jean-Paul Richard, who
resigned to become President and Chief Executive Officer of AGCO
Corporation.
Reference is hereby made to the full text of the Registrant's
press release dated November 18, 1996 annexed hereto as Exhibit
5(a) for further information with respect to such event. The
information contained in such document is hereby incorporated into
this Current Report in response to this Item.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
The exhibit listed as part of this Current Report on Form 8-K
is listed in the attached Index to Exhibits.
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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 thereunder duly authorized.
INSITUFORM TECHNOLOGIES, INC.
By s/Anthony W. Hooper
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Anthony W. Hooper
President
Dated: November 22, 1996
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INDEX TO EXHIBITS
Exhibit Description
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5(a) Press Release dated November 18, 1996 of
the Registrant
Exhibit 5(a)
CONTACT: -or- ITI's INVESTOR RELATIONS
COUNSEL:
Insituform Technologies, Inc. The Equity Group Inc.
Anthony W. Hooper, Pres. & CEO Linda Latman
(901) 759-7473 (212) 836-9609
FOR IMMEDIATE RELEASE
MEMPHIS, TN--November 18, 1996--Insituform Technologies, Inc.
(Nasdaq National Market; INSUA) (the "Company") today announced
that Jerome Kalishman, formerly Vice Chairman of the Board, has
been elected Chairman, succeeding James D. Krugman. The Company
also announced that Anthony W. Hooper, formerly Senior Vice
President-Marketing and Technology, has been elected President and
Chief Executive Officer, and a director, replacing Jean-Paul
Richard, who resigned to become President and Chief Executive
Officer of AGCO Corporation.
Jerome Kalishman stated, "We are sorry to see Jean-Paul
Richard leave the Company, but believe that the management team led
by Tony Hooper will continue the progress heretofore made and allow
us to realize the full benefits from last year's merger with
Insituform Mid-America, Inc. We look forward with confidence and
optimism."
Mr. Kalishman served as Vice Chairman of the Board of the
Company since the consummation of the Company's combination with
Insituform Mid-America, Inc. ("IMA") in October 1995. Mr.
Kalishman was Chairman and Chief Executive Officer of IMA from 1986
until the completion of such transaction.
Mr. Hooper served as the Company's Senior Vice President-
Marketing and Technology since August 1994, having joined the
Company as Senior Vice President-Marketing in November 1993. From
1991 until joining the Company, Mr. Hooper was President of Huyck
Formex/Weavexx Corporation, a North Carolina industrial textile and
process equipment manufacturer, wholly-owned by BTR plc. From 1988
to 1991, Mr. Hooper was employed by Sprout Bauer, Inc., an
industrial machinery and systems manufacturer owned by Combustion
Engineering, Inc., where he was Vice President-Marketing before
becoming President of the Pulp and Paper Division. From 1975
through 1988 (when 30% of such company was purchased by Combustion
Engineering), Mr. Hooper was employed by S.W. Hooper Corporation,
a manufacturer of pulping equipment and systems, where he last was
Chief Executive Officer. Prior to 1976, Mr. Hooper worked for
Aluminum Company of Canada, first as a Project Engineer and later
as a Financial Planner/Analyst.
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Insituform Technologies, Inc. is a worldwide provider of
proprietary trenchless technologies for the rehabilitation and
improvement of sewer, water, gas and industrial pipe. The Company
owns the rights to the Insituform and NuPipe processes and
exercises the exclusive rights in substantially all of North
America to the PALTEM system and certain other products under a
license from Ashimori Industry Co., Ltd. The Company also owns the
worldwide rights to the Tite Liner process used primarily to
protect or restore pipes affected by abrasion or corrosion.
Through its Affholder, Inc. subsidiary, the Company is also engaged
in trenchless tunneling used in the installation of new underground
services. By providing specialized rehabilitation technologies
which eliminate or minimize disruptive digging, the Company
provides cost-effective solutions for problems caused by
deteriorated pipe systems.
