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): December 22, 1996
TIREX AMERICA INC.
(Exact name of registrant as specified in its charter)
Delaware 33-17598-NY 22-2824362
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3767 Thimens, Suite 207
Ville St.Laurent, Quebec H4R 1W4
(Address of principal executive offices) (Zip Code)
(514) 335-0111
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 3 pages
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ITEM 5. OTHER EVENTS
RESIGNATION OF F.L LEVINE AS
OFFICER/DIRECTOR - TO CONTINUE
AS COUNSEL
On December 22, 1997, Frances Katz Levine resigned her
positions as Secretary and a Director of Tirex America Inc.
(the "Registrant"); Ms. Levine was a member of the
executive committee of Registrant's Board of Directors.
Her resignation was not caused by any disagreement with the
Registrant on any matter relating to the Registrant's
operations, policies, or practices. Ms. Levine will
continue to be employed by the Company as its Corporate and
Securities Counsel. Pursuant to the unanimous written
consent of the members of the executive committee of the
Board of Directors, Mr. John of Operations and a Director
of Registrant, was Ms. Levine's resignation.
INCREASE IN NUMBER OF DIRECTORS;
APPOINTMENT OF LOUIS A. SANZARO
AND ALAN CROSSLEY
Pursuant to the resolution of the Board of Directors of
the Registrant, at an meeting held on January 20, 1997, the
number of said Board was increased from five to six. To fill the
two vacancies caused by: (i) such and increase and (ii) Ms.
Levine's resignation, the remaining directors appointed Messrs.
Alan Crossley of Madrid, Spain and Louis A. Sanzaro, of Tom's
River, New Jersey as members of Registrant's Board of Directors.
Mr. Crossley, who is 49 years old, holds a degree in
Economics from Cambridge University in England and an MBA degree
from INSEAD in France, In addition to serving as a Director of
Registrant, Mr. Crossley will participate in developing and will
have charge of implementing Registrant's projected marketing
operations in Europe and Asia. Since 1986, Mr. Crossley has
served as president of FAISLESA, Arganda del Rey in Madrid,
Spain. FAISLESA, a company which Mr. Crossley established in
1986 as a venture capital project, is a manufacturer and
applicator of thermal insulants and water-proofing products for
the construction industry. It runs a network of regional
distributors throughout Spain and has its own application crews
in the Madrid Area. Mr. Crossley has full executive
responsibility in all areas of manufacturing, marketing,
research, and administration of FAISLESA. Mr. Crossley's
previous business experience includes his work as: a Eurocurrency
trader in the International Division of S.C. Warburg and Co.
Ltd., Merchant Bankers in London (1968-1970); a management
consultant for McKinsey and Company, Inc. In Brazil, France,
Germany, Holland, Italy, Spain, Switzerland, the UK and the
United States (1971-1977); Managing Director of Satlan, S.A., a
Madrid firm involved in International trading of petroleum
products and various commodities (1977-1980) and; President of
Gapco, S.A., a Madrid commercial and financial consulting firm
(1980-1994).
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Mr. Sanzaro, who is 47 years old, holds a degree in
marketing from Marquette University. He is the President
and a member of the Board of Directors of the nation-wide,
Construction Material Recycling Association, Since 1986, he
has served as President and CEO of Ocean County Recycling
Center, Inc. ("Ocean County Recycling"), in Tom's River,
New Jersey. Ocean County Recycling is in the business of
remanufacturing construction and demolition debris for
reuse as a substitute for virgin materials in the
construction and road building industries. In addition,
since 1989, Mr. Sanzaro has served as Vice President and COO
of Ocean Utility Contracting Co., Inc., a New Jersey
company engaged in the installation of sewer and water
main pipelines and the construction of new roadway
infrastructure. From 1973 until 1990, Mr. Sanzaro was the
President and CEO of J and L Excavating and Contracting
Co., Inc., a company engaged in the construction of
residential, commercial, industrial, and government
building. Mr. Sanzaro was a member of the Board of
Directors of the New Jersey state-wide Utility
Transportation and Contracting Association from 1989
through 1991. Mr. Sanzaro is the President and a principal
of Ocean Ventures III, Inc., a New Jersey corporation
which entered into a contract with Registrant on October 5,
1995 for the lease of eight of Registrant's proprietary
cryogenic tire disintegration systems.
ITEM 7. EXHIBITS
No Exhibits are being filed with this Report.
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
authorize.
TIREX AMERICA INC.
Dated: February 7, 1997 By /s/Terence C, Byme
Terence C. Byne, President
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