UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
GENERAL SIGNAL CORPORATION
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report October 19, 1995
(date of earliest event reported)
GENERAL SIGNAL CORPORATION
(exact name of registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
1-996 16-0445660
(Commission File Number) (IRS Employer)
(Identification Number)
P.O. Box 10010
High Ridge Park, Stamford, Connecticut 06904
(Address of principal executive offices) (Zip Code)
(203) 329-4100
(Registrant's telephone number, including area code)
ITEM 5. OTHER MATTERS
The information is incorporated by reference to the press release dated
October 19, 1995 filed as exhibit 99 to this form.
ITEM 7.
(c) Exhibits
99 Press Release dated October 19, 1995 announcing
the resignation of Edmund M. Carpenter as
chairman, chief executive officer and director of the
corporation.
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 thereunto duly authorized.
GENERAL SIGNAL CORPORATION
/s/ Edgar J. Smith
-----------------------
Vice President
General Counsel and Secretary
DATE: November 2, 1995
October 19, 1995
GENERAL SIGNAL BOARD OF DIRECTORS APPOINTS
MICHAEL D. LOCKHART CHAIRMAN AND CHIEF EXECUTIVE OFFICER
STAMFORD, CT, October 19 -- General Signal Corporation
(NYSE: GSX) today announced that its board of directors had accepted the
resignation of Edmund M. Carpenter as chairman, chief executive officer, and
a director of the corporation. Michael D. Lockhart, president and chief
operating officer of the corporation, was elected to the additional positions
of chairman and chief executive officer of the corporation. Mr. Lockhart will
continue to serve as president. Ralph E. Bailey, a director, stated that
Mr. Carpenter's resignation resulted from differences with the board of
directors over the corporation's strategic direction. He stated, "The Board
and Ed Carpenter came to the conclusion that the corporation needed a new
direction at this time. We appreciate Ed's contributions to the corporation
during his seven-and-a-half years as chief executive officer. His
repositioning of the corporation's businesses as well as his work on reducing
costs have helped position the corporation for the future. We have great
respect for his abilities and wish him well. We are very fortunate to have
Mike Lockhart, with his many years of operating and industry experience, as
the new CEO." Mr. Lockhart has been president, chief operating officer, and
a director of the corporation since he joined the company in October 1994.
He previously held various management positions with General Electric Company
from 1981 to 1994.
In accepting the appointment, Mr. Lockhart said: "I believe
General Signal has a strong management team and many exciting business
opportunities. I am looking forward to working with our team to achieve
our goals and to realize the full potential of our company."
# # #
General Signal Corporation, with estimated 1995 sales of $1.80 billion, is a
leading equipment manufacturer for the process control, electrical, and
industrial technology industries.
