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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) December 30, 1997
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CROWN ANDERSEN INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-14229 58-1653577
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(State or other jurisdic- (Commission File No.) (IRS Employer
tion of incorporation) Identification No.)
306 Dividend Drive, Peachtree City, Georgia 30269
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(Address of principal executive offices, including zip code)
(770) 486 2000
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(Registrant's telephone number, including area code)
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Item 5. Other Events
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On December 30, 1997, the Circuit Court of Cowley County, Kansas
granted summary judgment in favor of Textron Investment Management Company, Farm
Bureau Mutual Insurance Company and others against Crown Andersen Inc. on the
issue of liability for the payment of principal and interest due on certain
industrial revenue bonds. No monetary amount of the judgment was specified in
the order. The Registrant intends to move for reconsideration based in part
upon certain legal arguments which were not considered or ruled upon by the
trial court, after which the Registrant would have the right to appeal any final
judgment. In the event of a final judgment, the Registrant would receive title
to the underlying Kansas property which will reduce any adverse financial impact
upon the Registrant.
Item 7. Financial Statements and Exhibits
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c. Exhibits
The following exhibits are filed as part of this report:
Press release dated January 15, 1998.
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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.
CROWN ANDERSEN INC.
Date: January 15, 1998 By: /s/ Jack D. Brady
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Jack D. Brady
Chairman of the Board
Chief Executive Officer
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[CROWN ANDERSEN INC. LETTERHEAD APPEARS HERE]
January 15, 1998 Press Release #088
Peachtree City, Georgia USA FOR IMMEDIATE RELEASE
CROWN ANDERSEN INC. KANSAS PROPERTY LITIGATION
Crown Andersen Inc., the Peachtree City, Georgia-based supplier of engineered
products and systems to clean and restore the environment, has been notified
that the Circuit Court of Cowley County, Kansas granted summary judgment in
favor of Plaintiffs and against Crown Andersen Inc. on the issue of liability
for the payment of principal and interest due on certain industrial revenue
bonds. No damages were specified. Crown Andersen will request reconsideration
of the Court's order based in part upon certain legal arguments which were not
considered or ruled upon by the trial court. If the Company is not successful
in this effort, it will appeal any final judgment. In the event of a final
judgment, Crown Andersen would receive title to the Kansas property, which would
reduce any adverse financial impact upon the Company.
FOR FURTHER INFORMATION CONTACT:
MILTON EMMANUELLI, CHIEF FINANCIAL OFFICER
OR
JAN BISCHOFF, SHAREHOLDER RELATIONS
CROWN ANDERSEN INC., 306 DIVIDEND DRIVE
PEACHTREE CITY, GEORGIA 30269 U.S.A.
