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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): September 18, 1995
MERIDIAN NATIONAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
Delaware 0-14203 34-1470518
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(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Identification No.)
Incorporation)
805 Chicago Street, Toledo, Ohio 43611
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (419) 729-3918.
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Item 5. Other Events.
On September 18, 1995, Meridian National Corporation announced
the planned public offering of approximately 50% of its Environmental Unit.
The press release announcing the planned spin-off is attached to this Form 8-K
as Exhibit "A".
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SIGNATURES
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.
MERIDIAN NATIONAL CORPORATION
Dated: September 19, 1995 By: /s/ Joseph Klobuchar
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Joseph Klobuchar,
Vice President - Finance
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EXHIBIT A
NEWS RELEASE
MERIDIAN NATIONAL CORPORATION CONTACT:
805 CHICAGO STREET
TOLEDO, OH 43611 WILLIAM D. FENIGER -
PRESIDENT AND CHIEF
EXECUTIVE OFFICER
JOSEPH KLOBUCHAR, JR. -
VICE PRESIDENT FINANCE
AND CHIEF FINANCIAL OFFICER
(419) 729-3918
(419) 729-1217 TELEFAX
MERIDIAN NATIONAL TO OFFER 50% OF ITS ENVIRONMENTAL UNIT
VIA AN INITIAL PUBLIC OFFERING
TOLEDO, OHIO, September 18, 1995 - Meridian National Corporation
(NASDAQ: MRCO, MRCOZ, MRCOW, MRCOP, MRCOL), announced today that it has signed
a letter of intent with an underwriter and plans to offer to the public
approximately 50% of its Environmental Unit, which includes Environmental
Purification Industries Company (paint waste recycling) and Meridian
Environmental Services, Inc. (acid waste recycling and disposal).
Meridian expects to raise approximately $6 million before expenses
through a public offering of approximately 1.2 million shares of Common Stock
of a subsidiary to be newly formed prior to the offering. Proceeds of the
offering are expected to be used principally to expand the environmental
business through possible additional plants, new processing technologies and
acquisitions.
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Meridian National processes and distributes steel products and provides
waste management services through the recycling and disposal of hazardous and
non-hazardous wastes.
This news release is not an offering, which can only be made by means
of a prospectus. This announcement shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such State.
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