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
November 14, 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 November 14, 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 November 14, 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: November 14, 2000 By: /s/ Henry H. Taylor
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Henry H. Taylor
Vice President, General Counsel
and Secretary
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued November 14, 2000 (Filed herewith.)
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Exhibit 99.1
FOR IMMEDIATE RELEASE For more information, contact:
November 14, 2000 Wade Gates or John Kyte
803.933.4224
SAFETY-KLEEN TO LAUNCH
SYSTEMONE PRODUCT LINE FOR 2001
New Line of Recycling Parts Cleaners
Feature Clean Solvent On Demand
Self-Contained Recycling Process
Virtually Eliminates the Generation of Waste
COLUMBIA, South Carolina - Safety-Kleen Corp. announced today that its
subsidiary, Safety-Kleen Systems, Inc., has signed an agreement to serve as the
exclusive distributor of SystemOne's innovative line of parts cleaning
equipment. SystemOne's products will be marketed throughout Safety-Kleen
Systems' 173 branch locations across North America beginning in 2001.
The Miami-based SystemOne Technologies, Inc., (NASDAQ:STEK) designs and
manufactures a full range of parts cleaning equipment for use in automotive and
industrial markets. These products feature self-contained solvent recycling
technologies that provide customers with a fresh supply of clean solvent on
demand, which virtually eliminates the generation of waste.
"SystemOne has developed an innovative line of products that fits well with our
traditional parts-cleaning markets and our existing sales and service network, "
said Safety-Kleen President and Chief Operating Officer Grover Wrenn. "This is a
continuation of Safety-Kleen's ongoing commitment to provide our customers with
the best parts cleaning technology and service available."
The multi-year agreement between Safety-Kleen and SystemOne encompasses the
United States, Puerto Rico, Canada and Mexico, and will require the approval of
the U.S. Bankruptcy Court overseeing Safety-Kleen's Chapter 11 reorganization.
In addition to marketing the machines to new customers, Safety-Kleen will extend
its parts cleaning services to SystemOne's customer base of 18,000 machines.
(more)
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Page 2
Safety-Kleen will begin offering the new SystemOne machines in the first quarter
of 2001. The SystemOne product line includes various-sized models, manual and
automated, with applications within both automotive and industrial markets.
Based in Columbia, South Carolina, Safety-Kleen Corp. is the leading provider of
industrial and hazardous waste management services in North America, serving
more than 400,000 customers in the United States and Canada.
Founded in 1990, SystemOne Technologies designs, manufactures, sells and
supports a full range of self-contained, recycling industrial parts cleaning
equipment for use in the automotive, aviation, marine and general industrial
markets. The Company has been awarded ten patents for its products that
incorporate innovative, proprietary resource recovery and waste minimization
technologies. The Company is headquartered in Miami, Florida.
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
approval of the agreement by the U.S. Bankruptcy Court, or changes in
parts-cleaning technology.
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