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) April 3, 1995
ADDINGTON RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 0-16498 61-1125039
(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification
incorporation) No.)
1500 N. Big Run Road, Ashland, Kentucky 41102
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number,
including area code (606) 928-3433
Former Name or Former Address, if Changed Since
Last Report: Not Applicable
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On April 3, 1995, the Registrant's Board of Directors
increased the number of its members to nine. The Board of
Directors then appointed four new members: Robert Anderson, Jr.,
former Chairman of Andalex Resources, Inc., an integrated coal
mining company; Howard P. Berkowitz, the managing general partner
of HPB Associates, L.P.; Richard Ravitch, the chairman of Aquarius
Management Corporation; and Steven D. Weinress, an investment
banker with L.H. Friend, Weinress and Frankson, Inc.
The Board of Directors also appointed Messrs. Berkowitz,
Ravitch and Weinress to the Special Committee to consider the
proposal made by Larry, Robert and Bruce Addington on March 1,
1995, (the "Addington Proposal") to acquire the Registrant's non-
environmental operations. For more information regarding the
Addington Proposal, see Current Report on Form 8-K dated March 1,
1995 and Annual Report on Form 10-K for the fiscal year ended
December 31, 1994. The Board of Directors also authorized the
Special Committee to manage the business and affairs of the
Registrant's environmental operations. Messrs. Berkowitz, Ravitch
and Weinress also agreed to submit to the Board of Directors
irrevocable letters of resignation that provide that each of them
will resign upon a request for such resignation made by either a
majority of the members of the Board of Directors or the Chief
Executive Officer, provided that such request is not made before
the formal withdrawal of the Addington Proposal, and which
withdrawal is then not followed by any similar proposal by Larry,
Robert and Bruce Addington.
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 thereunto duly authorized.
ADDINGTON RESOURCES, INC.
Date: April 13, 1995 By /s/ R. Douglas Striebel
R. Douglas Striebel
Vice President and Chief
Financial Officer
