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
May 23, 2000
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(Date of earliest event reported)
SAFETY-KLEEN CORP.
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(Exact name of Registrant as specified in its charter)
Delaware 001-8368 51-0228924
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
1301 Gervais Street, Suite 300,
Columbia, South Carolina 29201
(Address of principal executive offices, including zip code)
(803) 933-4200
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On May 23, 2000, the registrant issued the press release filed with this Current
Report on Form 8-K as Exhibit 99.1. The information contained in Exhibit 99.1 is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release issued May 23, 2000 (Filed herewith.)
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SIGNATURE
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.
SAFETY-KLEEN CORP.
Date: May 25, 2000 By: /s/ Grover C. Wrenn
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Grover C. Wrenn
President and Chief Operating Officer
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued May 23, 2000 (Filed herewith.)
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Exhibit 99.1
FOR IMMEDIATE RELEASE Media Contact: Wade Gates
May 23, 2000 803-933-4224
Investor Relations
803-933-4285
SAFETY-KLEEN ELECTS NEW CEO AND PRESIDENT/COO
(Columbia, SC) - The Board of Directors of Safety-Kleen Corp. (NYSE:SK)
has elected board members David E. Thomas, Jr. as Chief Executive Officer and
Grover C. Wrenn as President and Chief Operating Officer effective immediately.
Both Thomas and Wrenn have been operating the Company on a daily basis since
March 6.
"Solidifying the top-most positions is a critical step in the long-term
rebuilding of Safety-Kleen, particularly as we continue to restructure our
finances," Thomas said. "Both Grover Wrenn and I are committed to resolving
Safety-Kleen's operational and financial difficulties for the benefit of all
constituents."
Thomas joined the Safety-Kleen board in 1997, having served as an
advisor to the Company through earlier acquisitions. He has been the Senior
Managing Director and Head of Investment Banking for Raymond James & Associates,
and previously served as head of the Environmental Services Group and the
Mergers and Acquisitions Department. He received his bachelor's degree from the
University of Richmond, and his MBA and law degrees from Emory University in
Atlanta.
"Dave Thomas and I have been working side-by-side since March on a
number of efforts to improve customer service, employee communication and
financial stability," Wrenn said. "There is more work to do, but our goal is to
maintain Safety-Kleen's position as the leading provider of hazardous and
industrial waste management services in North America."
Wrenn served for several years with the Occupational Safety and Health
Administration as Director of Health Standards Programs, and later as Director
of Compliance and State Programs. He founded ENVIRON, an environmental health
risk assessment firm which later merged with Applied Bioscience International.
He is the former CEO of EnSys Environmental Products, which is now Strategic
Diagnostics, Inc., and continues to serve as Chairman of the Board of SDI. Wrenn
received a bachelor's degree in chemistry from Clemson University and a master's
degree in Environmental Science and Engineering from the University of North
Carolina School for Public Health.
Under the Private Securities Litigation Reform Act of 1995, sections of
this release constitute forward-looking statements that involve a number of
risks and uncertainties. Actual results and events may differ materially from
those projected in the forward-looking statements. Many factors could cause
actual events and results to differ from those expected, including, but not
limited to the outcome of continuing negotiations with Safety-Kleen's lenders,
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the availability of additional funding under credit facilities or from other
sources, and other items discussed in the Company's filings with the Securities
and Exchange Commission.
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