SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Filed pursuant to Section 13 or 15(d) of
THE SECURITIES EXCHANGE ACT OF 1934
January 21, 1997
Date of Earliest Event Reported
COMDISCO, INC.
(a Delaware Corporation)
6111 North River Road
Rosemont, Illinois 60018
Telephone (708) 698-3000
Commission file number 1-7725
I.R.S. Employer Identification Number 36-2687938
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Item 5. Other Events.
On January 21, 1997, Comdisco announced changes in Board of Directors
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 Press Release announcing changes in Board of Directors
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
COMDISCO, INC.
Date: January 24, 1997 by: /s/ David J. Keenan
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David J. Keenan
Vice President and
Corporate Controller
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Exhibit 99. Press Release Announcing Results of Operations
For Immediate Release
Contact: Mary Moster
Comdisco, Inc.
847-518-5147
[email protected]
Comdisco Announces Changes in Board of Directors
ROSEMONT, Ill., January 21, 1997-- At its annual meeting of shareholders today,
Comdisco, Inc. (NYSE:CDO) announced that two Chicago-area executives will join
its board of directors to fill the terms (until 1999) of two current directors,
who have elected to resign from its board. Following the changes, Comdisco's
board of directors will continue to have twelve members.
Joining the board are Carolyn L. Murphy, president, Commercial
Operations, for the Chicago-based CNA Insurance Companies and Harry M. Jansen
Kraemer Jr., senior vice president and chief financial officer of Baxter
International Inc. in Deerfield, Ill. Leaving the board are Edward H. Fiedler
Jr., retired general attorney and secretary of Comdisco and a director since
1969, and Basil ("Bill") R. Twist Jr., president, Champion Securities
Corporation and a director since 1982.
"On behalf of the entire board, I would like to thank both Ed Fiedler
and Bill Twist for their many contributions to Comdisco," said Jack Slevin,
chairman and chief executive officer. "They served Comdisco through many
exciting, and sometimes challenging periods, and we've benefited greatly from
their advice and counsel."
Commenting on the new board members, Slevin said, "We're very pleased
that two executives of the caliber of Carolyn Murphy and Harry Kraemer will be
joining our board. Harry will provide a broad-based business and financial
perspective, and Carolyn brings a strong background in operations for a
successful financial services company, both of which should be invaluable to
Comdisco as we continue our transition to a technology services company."
Harry M. Jansen Kraemer Jr., 42, who joined Baxter in 1982, has served
in his present capacity since November, 1993. He became a member of Baxter's
Office of the Chief Executive in June, 1995, and was appointed to its board of
directors in November, 1995. In addition to his duties as chief financial
officer, he is responsible for Baxter's Renal business, I.V. Systems and Medical
Products business, and its Japanese subsidiary.
Prior to joining Baxter, Kraemer worked for Bank of America in
corporate banking and Northwest Industries in planning and business development.
He is a summa cum laude graduate from Lawrence University in Wisconsin in 1977,
holds a master's degree in management from Northwestern University, 1979, and is
a certified public accountant. In addition to the Baxter and Comdisco boards, he
is also a member of the board of directors of MedPartners, Inc. and the Highland
Park Hospital.
Carolyn L. Murphy, 52, has been in her present position with the CNA
Insurance Companies since May, 1995, when the department was created in
conjunction with the merger of CNA and Continental Insurance Company. She is
responsible for the strategic direction and profitability of all commercial
property/casualty operations. Since joining the company in 1977, Murphy has held
a number of progressively more responsible positions, including that of senior
vice president and chief operating officer, Field Operations Department from
1983 to 1995.
Before she joined CNA, Murphy was a marketing manager with IBM. She
earned a bachelor of science degree from the College of St. Francis, Joliet,
Ill., in 1965, and a master's degree from the University of Chicago in 1967. She
is chairman of the board of trustees of College of St. Francis and is on the
board of trustees for Children's Memorial Hospital.
