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) June 30, 1997
CERBCO, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
0-16749 54-1448835
(Commission File Number) (IRS Employer Identification No.)
3421 Pennsy Drive, Landover, Maryland 20785
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code:
(301) 773-1784 (tel)
(301) 322-3041 (fax)
(301) 773-4560 (24-Hour Fax Vault Information)
None
(Former name or former address, if
changed since last report)
<PAGE>
Item 5. Other Events.
See press release of the registrant dated June 30, 1997 attached
hereto.
SIGNATURES
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.
Date: July 10, 1997 CERBCO, Inc.
(Registrant)
By: /s/ Robert W. Erikson
Robert W. Erikson
President
<PAGE>
PRESS RELEASE
For Immediate Release
CERBCO DECLARES SPECIAL CASH DIVIDENDS
LANDOVER, MD, June 30, 1997 - CERBCO, Inc. [NASDAQ: CERB] announced
today that the Company has declared special cash dividends of one dollar and
fifty cents ($1.50) per share on its shares of Common Stock and one dollar and
fifty cents ($1.50) per share on its Class B Common Stock. Both dividends are to
be paid on or about July 30, 1997 to the stockholders of record at the close of
business on July 15, 1997. The special dividend was declared consistent with the
previously disclosed intent of the Company as contained in a Proxy Statement
mailed to stockholders on or about May 27, 1997, the favorable vote of
stockholders at the Company's Special Meeting held June 27, 1997 and a
subsequent closing as of June 30, 1997 wherein CERBCO redeemed its two-thirds
stake in Capitol Office Solutions, Inc. ("COS"), held by CERBCO's wholly-owned
subsidiary, CERBERONICS, Inc. ("CERBERONICS" ), for $19 million in cash plus
two-thirds of an approximate $5 million pre-redemption dividend paid by COS.
CERBCO, Inc. [NASDAQ: CERB] is a parent holding company which, through
its wholly-owned subsidiary CERBERONICS, Inc., has controlling interests in
Insituform East, Incorporated [NASDAQ: INEI] (excavationless sewer and pipeline
rehabilitation).
***
Contact: Robert W. Erikson George Wm. Erikson
President Chairman
(301) 773-1784 (301) 773-1784
