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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
C U R R E N T R E P O R T
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) October 14, 1996
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CALIBER SYSTEM, INC.
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(Exact name of registrant as specified in its charter)
Ohio 0-10716 34-1365496
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
3560 W. Market Street, Akron, Ohio 44334-0459
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(Address of principal executive offices)
Registrant's telephone number, including area code (330) 665-5646
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Caliber System, Inc. Form 8-K
INFORMATION REQUIRED IN REPORT
Item 5. Other Events
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The Registrant's news release dated October 14, 1996, a copy of which is
attached hereto as Exhibit 99, is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits.
See Exhibit Index
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 hereto duly authorized.
CALIBER SYSTEM, INC.
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REGISTRANT
Date: October 16, 1996 By: /S/ JOHN E. LYNCH
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John E. Lynch
Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
Exhibit No. Description
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99 Caliber System, Inc. News Release dated October 14, 1996
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Exhibit 99
NEWS RELEASE CALIBER [LOGO]
3560 West Market Street
P.O. Box 5459
Akron, OH 44334-0459
(330) 665-5646
http://www.calibersys.com
CONTACT: ROBERT M. ADAMOV
CALIBER SYSTEM, INC.
(330) 665-8894
FOR IMMEDIATE RELEASE
CALIBER SYSTEM FILLS CHIEF FINANCIAL OFFICER POSITION
AKRON, OHIO, OCTOBER 14, 1996 -- Daniel J. Sullivan, Chairman of the
Board, President and CEO of Caliber System, Inc. (NYSE: CBB), today announced
that Louis J. Valerio has been elected Senior Vice President-Finance and Chief
Financial Officer. The position had been open since July.
Mr. Valerio, 47, was the Corporate Controller at Westinghouse
Corporation, Pittsburgh, PA, with responsibility for corporate reengineering,
global sourcing and logistics, and mergers and acquisitions. He previously
served as Senior Vice President-Corporate Finance at United Airlines, Inc.,
Chicago, IL, and was a key figure in United's turn-around and eventual
restructuring into an ESOP company. Before joining United, Mr. Valerio was the
Assistant Vice President of Financial Planning & Analysis at American Airlines,
Inc., Fort Worth, TX. Most recently, Mr. Valerio had been a private consultant
involved in major strategy, restructuring and merger assignments.
Sullivan commented, "We are very pleased to have Lou Valerio join our
Caliber team. He has distinguished himself in a number of important positions
involving the development and implementation of significant financial and
business strategies. Lou brings strong financial leadership to Caliber, and we
are looking forward to him quickly contributing to our company's success."
In 1971 Mr. Valerio graduated from Ithaca College with a B.A. in
Liberal Arts and in 1974 he was awarded an M.B.A. in Finance from the State
University of New York at Albany. Mr. Valerio is also a Certified Public
Accountant.
Caliber System, Inc. is a leading, value-added provider of
transportation, logistics and related information services. Its operating units
include RPS, a business-to-business small-package carrier; Viking Freight, a
superregional freight carrier; Caliber Logistics, a supplier of contract
logistics services; Roberts Express, a critical-shipment carrier; and Caliber
Technology, a provider of computer-based solutions for customers.
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