Securities and Exchange Commission
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 8, 1997 (May 5, 1997)
Commission file number 1-5558
Katy Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 75-1277589
(State of Incorporation) (IRS Employer Identification Number)
6300 S. Syracuse #300, Englewood, Colorado 80111
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 290-9300
(Former name or former address, if changed since last report) Not applicable
Item 5. Other Events
KATY INDUSTRIES, INC.
NAMES NEW CHAIRMAN OF THE BOARD
ENGLEWOOD, CO -- May 8, 1997 -- John R. Prann, Jr., President and Chief
Executive Officer of Katy Industries, Inc. (NYSE:KT), announced that
Philip E. Johnson (49), the Chairman of the Board of the Company, had
resigned his position on May 5, 1997 and therefore will not stand for
reelection as a Director at the Company's Annual Meeting of Stockholders.
Mr. Prann thanked Mr. Johnson for his years of dedication and service to the
Company as a Director and Chairman of the Board and wished him well in his
future endeavors. Mr. Johnson stated "he has enjoyed his seven year
association with Katy and his fellow Directors and wished the Company
continued success in the future."
Mr. Prann also announced today, that Jacob Saliba (83) was named Chairman of
the Board at a Board meeting held today. Mr. Saliba has been a Director of
Katy for 29 years and previously served as Chairman of the Board and Chief
Executive Officer from 1988 through 1993. The Board, due to Mr. Johnson's
resignation, also voted to decrease the Board to 11 members. These 11 Board
members will stand for reelection at the Company's Annual Meeting of
Stockholders to be held on May 19, 1997.
Katy Industries, Inc. is a diversified corporation with interests in
distribution and service, industrial and consumer manufacturing, and
machinery manufacturing.
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.
Katy Industries, Inc.
(Registrant)
Date: May 8, 1997 By: /s/ John R. Prann, Jr.
John R. Prann, Jr.
Chief Executive Officer
