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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): June 25, 1998 (June 22, 1998)
Laidlaw Environmental Services, Inc.
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(Exact name of Company as specified in its charter)
Delaware 1-8368 51-0228924
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number)
1301 Gervais Street, Suite 300, Columbia, South Carolina 29201
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (803) 933-4200
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ITEM 5. OTHER EVENTS
In a press release, on June 22, 1998 Laidlaw Environmental Services,
Inc. ("LESI") (NYSE:LLE) announced that effective July 1, 1998, it will begin
doing business as ("d/b/a") Safety-Kleen Corp. and that its stock will trade on
the New York Stock Exchange under the name Safety-Kleen Corp. and the ticker
symbol "SK". The full text of the announcement is reproduced below.
FOR IMMEDIATE RELEASE
Contact: Kenneth W. Winger
President and Chief Executive Officer
Paul R. Humphreys
Senior Vice President, Finance and Chief Financial Officer
(803) 933-4210
LAIDLAW ENVIRONMENTAL SERVICES
PURSUES NAME AND TICKER SYMBOL CHANGE
Columbia, S.C. -- June 22, 1998 -- Laidlaw Environmental Services
announced today that effective July 1, 1998, it will begin doing business as
("d/b/a") Safety-Kleen Corp. and that its stock will trade on the New York Stock
Exchange under the name Safety-Kleen Corp. and the ticker symbol "SK". The
formal name change requires shareholder approval which the Company will seek at
its annual meeting in November.
"The Safety-Kleen name has tremendous franchise value," said Kenneth W.
Winger, President and Chief Executive Officer of the Company. "Hundreds of
thousands of customers throughout North America recognize the Safety-Kleen name
and that is a recognition and visibility that we want to build on," Winger
added. The name change will also help to distinguish the Company from its former
parent, Laidlaw Inc., headquartered in Canada.
In the coming weeks, all Laidlaw Environmental facilities and fleet
will undergo the name conversion. "We hope to make the transition seamless for
our customers and stakeholders and to fully convey that we are one company going
forward - Safety-Kleen," Winger concluded.
The merger of Laidlaw Environmental Services d/b/a Safety-Kleen Corp.
and Safety-Kleen has created the leading industrial waste service company for
both hazardous and non-hazardous waste streams. From collection through recycle
and disposal, the combined company provides comprehensive waste management
services to over 350,000 industrial and automotive customers in North America.
For further information contact Investor Relations at (847) 468-8486.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
LAIDLAW ENVIRONMENTAL SERVICES, INC.
Date: June 25, 1998 By: /s/ Kenneth W. Winger
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Kenneth W. Winger, President
and Chief Executive Officer
