U.S SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
September 26, 2000
Date of Report (Date of Earliest Event Reported)
INDUSTRIAL SERVICES OF AMERICA, INC.
(Exact name of registrant as specified in its charter)
FLORIDA
(State or other jurisdiction of incorporation)
0-20979 59-0712746
(Commission File Number) (IRS Employer
Identification No.)
7100 Grade Lane
PO Box 32428
Louisville, KY 40232
(Address of principal executive offices) (Zip Code)
(502) 368-1661
(Registrant's telephone number, including area code)
OTHER EVENTS.
ITEM 5.
Industrial Services of America, Inc. (the "Company") has
announced a change in Directors as a result of action taken in the
Board of Directors meeting held on Tuesday, September 26, 2000.
Effective September 26, 2000, Joseph H. Cohen resigned from
the Board as Director and also resigned his position as Corporate
Secretary for the purpose of providing an additional independent
director on the Board of Directors. Mr. Cohen had served as a
Director for the Company since February 1998 and will remain as
Corporate Counsel for the Company.
On September 26, 2000, the remaining members of the Board of
Directors elected David W. Lester to fill the vacancy in the Board
created by Mr. Cohen's resignation. Mr. Lester, 47, a certified
public accountant, has over twenty-five years of diversified
business experience. He has served for over fifteen years as
Chief Financial Officer or Chief Operating Officer of several
companies and for nearly ten years with KPMG Peat Marwick, a Big 5
international public accounting firm. He served as Chief
Financial Officer or Chief Operating Officer for multiple public
companies, led a company through its initial public offering and
has led multiple companies through the development and execution
of their business plans. Since June 2000, Mr. Lester has worked
as a consultant assisting startup and other companies. From June
1999 to June 2000, he was the Chief Financial Officer, Secretary
and Treasurer of Perennial Health Systems, Inc. From March 1998
to May 1999, he was the Chief Financial Officer for Micro Computer
Solutions, Inc. From February 1985 to October 1997, Mr. Lester
was the Chief Operating Officer or Chief Financial Officer for
Kentucky Medical Insurance Company and Stratton-Cheeseman
Management Company, the successor to Kentucky Medical Insurance
Company. Perennial Health Systems, Inc. and Kentucky Medical
Insurance Company were reporting companies under the Securities
Exchange Act of 1934.
The Board also appointed John O. Tietjen to serve as
Corporate Secretary. Mr. Tietjen joined the Company in March 1999
as Senior Vice-President and Chief Financial Officer.
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.
INDUSTRIAL SERVICES OF AMERICA, INC.
(Registrant)
Date: October 11, 2000 /s/ Harry Kletter
-----------------------------------
Harry Kletter
Chief Executive Officer
