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: January 18, 1999
Date of Report: January 19, 1999
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 Number)
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
On January 18, 1999, the Board of Directors of PLM International, Inc. (the
"Company") elected Howard M. Lorber as a Class III director of the Board of
Directors of the Company, with a term expiring at the 1999 annual meeting of the
Company's shareholders. A copy of the press release announcing this election is
attached as an exhibit to this form. In order to facilitate Mr. Lorber's
election as a Class III director, the Board of Directors of the Company
resolved, pursuant to Article Sixth of the certificate of incorporation of the
Company, to increase the number of directors of the Company from six to seven,
and designated the newly created directorship as a Class II directorship. Harold
R. Somerset, a director of the Company, resigned as a Class III director and was
immediately reappointed by the Board of Directors of the Company as a Class II
director of the Board of Directors of the Company. The Company expects to
nominate Mr. Lorber for election as a Class III director of the Board of
Directors of the Company at the 1999 annual meeting of the Company's
shareholders.
Attachment:
Exhibit 1: Press release, dated January 19, 1999
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Exhibit 1
Contact: Janet M. Turner
Vice President, Investor Relations
(415) 905-7214
PLM INTERNATIONAL ELECTS LORBER TO BOARD OF DIRECTORS
FOR IMMEDIATE RELEASE
San Francisco, California, January 19, 1999 -- PLM International, Inc. (ASE:PLM)
today announced that Howard M. Lorber has been elected to its board as a Class
III director.
Mr. Lorber, 50, is President and Chief Operating Officer of New Valley
Corporation, an investment banking and real estate concern. He is also Chairman
of the Board and Chief Executive Officer of Nathan's Famous, Inc., a fast food
company.
Additionally, Mr. Lorber is a director of United Capital Corporation and Prime
Hospitality Corporation and serves on the boards of several community service
organizations. He is a graduate of Long Island University, where he received a
Bachelor of Arts degree and a Masters degree in taxation. Mr. Lorber also
received charter life underwriter and chartered financial consultant degrees
from the American College in Bryn Mawr, Pennsylvania. He is a trustee of Long
Island University and a member of the Corporation of Babson College.
PLM International Chairman, President and Chief Executive Officer Robert N.
Tidball said, "We are pleased to have Mr. Lorber join our board of directors.
His financial and operating management expertise will make an important
contribution to the Company as we continue to execute our strategic growth plan
to improve financial performance and 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 $1.2 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: January 19, 1998
By:/s/ Susan C. Santo
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Susan C. Santo
Vice President, Secretary and
General Counsel
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