SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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) May 21, 1997
Florida East Coast Industries, Inc.
(Exact name of Registrant as specified in its charter)
Florida
(State or other jurisdiction of incorporation)
2-89530 59-2349968
(Commission File Number) (IRS Employer Identification No.)
1650 Prudential Drive, Jacksonville, Florida 32207
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: 904-829-3421
N O N E
(Former name or former address, if changed since last report)
ITEM 5. OTHER MATERIALLY IMPORTANT EVENTS
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See the following Press Release dated May 21, 1997, announcing the retirement
of Mr. W. L. Thornton as Chairman and Chief Executive Officer and the election
of Mr. C. F. Zellers, Jr. as Chairman, Chief Executive Officer and President.
These changes were effective May 21, 1997, following the Annual Meeting of the
Shareholders and the Board of Directors.
"At the Annual Meeting of Shareholders of Florida East Coast Industries,
Inc. held this morning in Jacksonville, Florida, Chairman W. L. Thornton
announced that he would be retiring as Chairman and Chief Executive Officer.
Mr. Thornton also announced that Mr. Carl F. Zellers, Jr. was being nominated
as his replacement at the subsequent Board of Directors' meeting.
"At the Board of Directors' meeting following the Shareholders' Meeting,
the Directors unanimously elected Mr. Zellers as Chairman, Chief Executive
Officer and President of Florida East Coast Industries, Inc."
SIGNATURE
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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.
FLORIDA EAST COAST INDUSTRIES, INC.
BY: s/s T. Neal Smith
Vice President & Secretary
Dated: 5/22/97
