SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): July 16, 1997
AIR & WATER TECHNOLOGIES CORPORATION
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(Exact name of Registrant as Specified in its Charter)
Delaware 033-17921 13-3418759
(State or other (Commission File (IRS Employer
Jurisdiction of Number) Identification
Incorporation) No.)
U.S. Highway 22 West and Station Road, Branchburg, New Jersey 08876
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (908) 685-4600
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ITEM 5. OTHER EVENTS.
On July 16, 1997, Air & Water Technologies Corporation ("AWT") and its
principal stockholder, Compagnie Generale des Eaux ("CGE"), announced that CGE
and a committee of independent directors of AWT are in preliminary discussions
regarding a proposed recapitalization of AWT. A copy of the press release
issued by AWT is attached hereto as Exhibit 99.2, which exhibit is
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.2 Joint Press Release, dated July 16, 1997.
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, thereunto duly authorized.
Dated: July 18, 1997 AIR & WATER TECHNOLOGIES CORPORATION
By: /s/ Douglas A. Satzger
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Douglas A. Satzger
Senior Vice President
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EXHIBIT INDEX
Exhibit No. Exhibit
99.2 Joint Press Release, dated July 16, 1997.
Exhibit 99.2
PRESS RELEASE
CONTACT: Joseph R. Vidal
- -------- Air & Water Technologies Corporation
908-685-4600
NEW YORK -- Wednesday, July 16, 1997 -- Air & Water Technologies Corporation
(AMEX: AWT) and Compagnie Generale des Eaux ("CGE") today announced that CGE
and a committee of independent directors of AWT are in preliminary discussions
relating to a proposed recapitalization of AWT. There can be no assurance
that these discussions, which are being conducted on an arms-length basis,
will result in any transaction, or if so, as to the terms or timing of any
such transaction.
Air & Water Technologies Corporation, through its subsidiaries, provides a
comprehensive range of service and technologies for the operation, maintenance
and management of water and wastewater systems; engineering, design and
construction of water and wastewater facilities; the remediation of
contaminated soil; and services and technologies for controlling air pollution.
CGE, the beneficial owner of approximately 42.5% of AWT's Common Stock, is one
of the largest private companies in France. The utility has dealings in water
supply, waste management, energy, construction, property, communications and
transportation.
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