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
April 4, 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 April 4, 2000, the registrant issued the press release filed with
this Current Report on Form 8-K as Exhibits 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 April 4, 2000 (Filed herewith.)
<PAGE>
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: April 4, 2000 By: /s/ Grover C. Wrenn
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Grover C. Wrenn
Vice Chairman
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued April 4, 2000 (Filed herewith.)
Exhibit 99.1
FOR IMMEDIATE RELEASE Contact: John Kyte
803-933-4212
(Columbia, SC)--Safety-Kleen Corp. (NYSE: SK) announced today the
appointment of David B. McNally as interim Chief Information Officer (CIO).
McNally is a senior executive with Jay Alix & Associates of Southfield,
Michigan, a nationally recognized firm specializing in corporate turnarounds and
financial restructuring that was recently retained by Safety-Kleen.
"In appointing Dave McNally as CIO, we continue our efforts to bring in
top executives who have significant experience working with companies that have
had operating and financial difficulties similar to those facing Safety-Kleen,"
said David E. Thomas, Jr., Chairman of the Safety-Kleen Board's Executive
Committee. "Dave McNally has more than 18 years experience in solving complex
information technology (IT) problems, including technology integration and
accounting systems issues similar to those presented by the Safety-Kleen -
Laidlaw Environmental Services merger."
McNally has previously filled top IT positions for such companies as
Lear Corporation, United Technologies and Brush Wellman, and has led successful
multi-national IT projects in Europe and Asia. He has an MBA degree in
Management Information Systems from Drexel University, an undergraduate degree
in Communications from the Pennsylvania State University, and is a Certified
Public Accountant.
"Safety-Kleen certainly faces some IT challenges, as do many companies
that have a workforce in multiple locations," McNally said "but I am confident
that they are manageable and that we can develop an effective IT program to
address our short-term needs and provide for the company's long-term stability."
This news release contains forward-looking statements. 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 company's ability to
successfully integrate, transition, upgrade or install information systems, the
outcome of negotiations with Safety-Kleen's lenders, the availability of
additional funding under interim credit facilities or other sources, and other
items discussed in the company's filings with the Securities and Exchange
Commission.
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