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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): February 19, 1998
CALGON CARBON CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-15903 25-0530110
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
400 Calgon Carbon Drive
Pittsburgh, Pennsylvania 15205
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (412) 787-6700
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Item 5. Other Events.
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The Company's press release dated February 19, 1998 is filed herewith as
Exhibit 99.1 and incorporated herein by reference.
Item 7. Financial Statements and Exhibits.
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The following Exhibit is filed with this Report:
Exhibit No. Description
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99.1 Press Release dated February 19, 1998.
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.
CALGON CARBON CORPORATION
(Registrant)
By /s/ Thomas A. McConomy
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Thomas A. McConomy
President
Date: February 19, 1998
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Exhibit 99.1
PITTSBURGH, PA -- February 19, 1998 -- Calgon Carbon Corporation (NYSE:CCC)
announced today that Colin Bailey, its President and Chief Executive Officer,
has resigned, effective immediately. Thomas A. McConomy was elected President
of the Company.
Mr. McConomy, Chairman of the Board, was one of the founders of the Company and
its first president. He will act as chief executive officer until a successor
is elected.
Mr. Bailey resigned because of differences between him and the Board of
Directors as to the strategic direction and management of the Company. The
Board complimented Mr. Bailey on his leadership of the Company during difficult
times, and reaffirmed most aspects of his vision for the Company, i.e., to be
the world's leading producer of purification products and services. However,
the Board does not expect to be actively seeking acquisitions until those made
in 1996 achieve profitability.
The Company also plans to consult with Morgan Stanley & Co., one of its regular
financial advisors, as to financial and strategic matters, including
alternatives by which shareholder value might be enhanced. One of such
alternatives might be the sale of the Company, but the Board is not committed to
this course at the present time. A group of outside directors, chaired by Seth
Schofield, will be appointed to work with Morgan Stanley.
CONTACT: Gail Geronomo, Director, Investor Relations of Calgon Carbon, 412-787-
6795
(CCC) CO: Calgon Carbon Corporation
ST: Pennsylvania
IN: MNG
SU: ERN
