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)
September 14, 1999 (September 13, 1999)
Safety-Kleen Corp.
(Exact name of registrant as specified in its charter)
Delaware 1-8368 51-0228924
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification
of incorporation) Number)
1301 Gervais Street, Columbia, South Carolina 29201
(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
On September 13, 1999 Safety-Kleen Corp.(NYSE:SK) announced that the Board of
Directors has appointed a Special Committee made up of independent non-Laidlaw
Inc. directors to consider the implications of the announced change in Laidlaw
Inc.'s time horizon for divesting its 44% common share ownership of the Company.
The full text of the announcement is reproduced below.
For Immediate Release
SAFETY-KLEEN BOARD FORMS SPECIAL COMMITTEE
Columbia, S.C.--September 13, 1999--Safety-Kleen Corp. (NYSE: SK) today
announced that the Board of Directors has appointed a Special Committee made up
of independent non-Laidlaw Inc. directors to consider the implications of the
announced change in Laidlaw Inc.'s time horizon for divesting its 44% common
share ownership of the Company.
Safety-Kleen Corp. is the leading industrial waste service company for both
hazardous and non-hazardous waste streams. From collection through recycle and
disposal, the Company provides comprehensive waste management services to over
400,000 customers in North America.
For further information contact:
- --------------------------------
Kenneth W. Winger, President and Chief Executive Officer - (803) 933-4212
Paul R. Humphreys, Senior Vice President, Finance and Chief Financial Officer -
(803) 933-4261
Safety-Kleen Investor Relations - (803) 933-4285
Private Securities Litigation Reform Act:
- -----------------------------------------
Sections of this release constitute forward-looking statements that involve a
number of risks and uncertainties. Many factors could cause actual results to
differ materially from our expected results. These factors include risks
associated with acquisitions; achievement of synergy objectives; the attainment
of revenue growth targets; the adoption of new environmental laws and
regulations and how they are interpreted and enforced; changes in demand for the
Company's services; competition; and prices for petroleum-based products.
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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.
SAFETY-KLEEN CORP.
By: /s/ Kenneth W. Winger
------------------------
Kenneth W. Winger, President
and Chief Executive Officer
Date: September 14, 1999
