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 Event: September 3, 1997
Date of Report: September 3, 1997
PLM INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
1-9670 94-3041257
(Commission File Number) (I.R.S. Employer Identification No.)
One Market
Steuart Street Tower, Suite 800
San Francisco, California 94105-1301
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 974-1399
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ITEM 5. Other Events.
PLM International, Inc. (the "Company") announced today the election of Robert
N. Tidball as Chairman of the Board of Directors of the Company and the election
of Randall L-W. Caudill as a Class II Director of the Board of Directors of the
Company. A copy of the press release announcing these elections is attached as
an exhibit to this form.
Attachments:
Exhibit 1: Press release, dated September 3, 1997
<PAGE>
EXHIBIT 1
Contact: Janet M. Turner
Vice President, Investor Relations
(415) 905-7214
PLM INTERNATIONAL ANNOUNCES TWO BOARD APPOINTMENTS
FOR IMMEDIATE RELEASE
San Francisco, California, September 3, 1997 -- PLM International, Inc.
(ASE:PLM) today announced that Robert N. Tidball has been elected chairman of
PLM International, in addition to his current post as president and chief
executive officer, and Randall L-W.
Caudill has been elected a class II director of the board.
Robert N. Tidball, 58, joined PLM International in 1986 as executive vice
president, and subsequently served as president, of PLM Railcar Management
Services, Inc. He was appointed president and chief executive officer of PLM
International and joined its board of directors in 1989.
Mr. Caudill, 50, is president of Dunsford Hill Capital Partners, a
San-Francisco-based financial consulting firm serving emerging growth companies
in the United States and abroad, as well as a senior advisor to the investment
banking firm of Prudential Securities, where he has been employed since 1987.
Virtually all of Mr. Caudill's investment banking career has been devoted to
complex advisory activities and merger, acquisition, financing, and valuation
assignments. Positions held at Prudential Securities include managing director
of the San Francisco corporate finance office, and in the New York head office,
managing director of the merger and acquisition department and co-head of the
investment banking group, in addition to serving on several of the company's key
committees.
Prior to Prudential Securities, Mr. Caudill held senior corporate finance
positions at Morgan Grenfell, Inc. and The First Boston Corporation. He received
a Doctorate in Philosophy from Oxford University, where he was a Rhodes Scholar
and an MPPM from Yale University. Mr. Caudill also serves as a director of
VaxGen, Inc. and SBE, Inc.
PLM International Chairman, President and Chief Executive Officer Robert N.
Tidball said, "We are extremely pleased to welcome Mr. Caudill to PLM
International's board of directors. His extensive investment banking experience
and management expertise will be of great benefit to the Company as we continue
our strategic growth plan to improve financial performance and create
shareholder value."
PLM International is a diversified equipment leasing company providing services
to transportation, industrial, and commercial companies. With a combined owned
and managed portfolio of approximately $1.3 billion in equipment, PLM
International operates one of the twenty-five largest asset leasing pools in the
United States today. The Company specializes in creating equipment leasing
solutions for domestic and international customers.
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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 in its behalf by the
undersigned hereunto duly authorized.
PLM INTERNATIONAL, INC.
(Registrant)
DATE: September 3, 1997 By:/s/ J. Michael Allgood
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J. Michael Allgood
Vice President and
Chief Financial Officer
