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):
October 27, 1997
AIR & WATER TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 033-017921 13-3418759
(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
U.S. Highway 22 West and Station Road
Branchburg, New Jersey 08876
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (908) 685-4600
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Former name or former address, if changed since last report: No change
ITEM 5. OTHER EVENTS
On October 27, 1997, Air & Water Technologies Corporation
(the "Company") issued a press release announcing that Mr.
William Kriegel would succeed Mr. Robert B. Sheh as Chairman of
the Board of the Company and that Mr. Thierry Malet would
succeed Mr. Sheh as President and Chief Executive Officer of
the Company. A copy of the press release concerning the
management change is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS.
(c) Exhibit
99.1 Press release of the Company
dated October 27, 1997.
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 authorized.
AIR & WATER TECHNOLOGIES CORPORATION
By: /s/ Douglas A. Satzger, Esq.
--------------------------------
Name: Douglas A. Satzger, Esq.
Title: Senior Vice President
Date: October 27, 1997
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION PAGE NO.
99.1 Press release of the Company and
CGE dated October 27, 1997.
EXHIBIT 99.1
CONTACT: JOSEPH R. VIDAL
AIR & WATER TECHNOLOGIES CORPORATION
(908) 685-4600
FOR IMMEDIATE RELEASE
AIR & WATER TECHNOLOGIES CORPORATION
ANNOUNCES SENIOR MANAGEMENT CHANGE
Branchburg, New Jersey -- October 27, 1997 -- Air &
Water Technologies Corporation (AMEX: AWT) announced
that, effective immediately, the Board of directors has
appointed board member William Kriegel as Chairman of the
Board and has appointed Thierry Malet as President and
Chief Executive Officer. Robert B. Sheh previously held
these positions.
Mr. Kriegel, has been a Director of AWT since 1994.
Since December 1996, he has served as Chairman and Chief
Executive Officer of Anjou International Company, the
United States holding company subsidiary of Compagnie
Generale des Eaux (CGE). Mr. Kriegel is also Chairman,
President and Chief Executive Officer of Sithe Energies,
Inc. and all of its subsidiaries.
Mr. Kriegel said, "These management changes confirm CGE's
renewed commitment to AWT and to the expansion of its
business in North America in light of our previously
announced plan for recapitalizing AWT. Mr. Malet has
considerable experience in the water and wastewater
management industry on a worldwide basis. His personal
capabilities and knowledge of CGE's water business and
resources will be brought to bear in focusing AWT on its
core businesses."
Prior to his appointment, Mr. Malet served as Chief
Executive Officer of CGE's water and wastewater
activities in Spain. CGE, which holds approximately 50%
of the voting power of AWT, is one of the largest private
companies in France.
Air & Water Technologies Corporation, through its
subsidiary Professional Services Group (PSG), a leader in
the growing wastewater privatization market, provides a
comprehensive range of services and technologies for the
operation, maintenance and management of water and
wastewater systems. Metcalf & Eddy specializes in
engineering, design and construction of water and
wastewater facilities and the remediation of contaminated
soil, and subsidiary Research-Cottrell, Inc. offers
services and technologies for controlling air pollution.
