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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 8, 1998
THE LOEWEN GROUP INC.
(Exact name of registrant as specified in its charter)
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British Columbia, Canada 0-18429 98-0121376
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(State or other jurisdiction of (Commission File Number) (IRS Employer Identification No.)
incorporation)
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4126 Norland Avenue, Burnaby, British Columbia V5G 3S8
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code 604-299-9321
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N/A
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(Former name or former address, if changed since last report)
Exhibit Index is on page 3
Page 1 of 5
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ITEM 5. OTHER EVENTS.
Pursuant to Form 8-K, General Instructions F, registrant hereby incorporates by
reference the press release attached hereto as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit No. Description
Exhibit 99 The Loewen Group Inc. Press Release dated October 8, 1998
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.
Dated: October 8, 1998
THE LOEWEN GROUP INC.
By: /s/ BRAD D. STAM
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Name: Brad D. Stam
Title: Senior Vice President, Law
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EXHIBIT INDEX
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Sequential
Number Exhibit Page Number
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99 The Loewen Group Inc. 4
Press Release dated October 8, 1998
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THE LOEWEN GROUP INC.
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(NYSE, TSE, ME: LWN) NEWS
Contacts:
Paul Wagler Chris Hunter
Chief Financial Officer Director, Corporate Communication
The Loewen Group Inc. and Investor Relations
Tel: (604) 293-7844 The Loewen Group Inc.
Tel: (604) 293-7815
FOR IMMEDIATE RELEASE
THE LOEWEN GROUP ELECTS NEW CHIEF EXECUTIVE OFFICER
VANCOUVER, BC, October 8, 1998 -- The Loewen Group Inc. (NYSE, TSE, MSE: LWN)
today announced that its Board of Directors based upon the recommendation of its
Special Committee, has accepted the resignation of Ray Loewen as Chief Executive
Officer of the Company.
The Loewen Board of Directors also announced that Robert Lundgren, the Executive
Director of the Special Committee, has been elected by the Board to the
positions of Co-Chairman, Chief Executive Officer and President of the Company.
The Special Committee of the Board of Directors, chaired by former Canadian
Prime Minister John Turner, will continue to supervise the Company's recently
announced process for maximizing shareholder value. Mr. Lundgren will report to
the Special Committee advised, on an on-going basis on all matters relating to
the program to maximize the value of the shareholder's interests.
Mr. Turner said "the Board and its Special Committee are grateful that Bob
Lundgren is prepared to bring his commitment and extensive expertise to managing
the Company. The Board is also pleased that Mr. Loewen has agreed to remain as
non-executive co-Chairman of the Board giving the Board the benefit of his long
and valuable experience in the funeral home and cemetery profession.
The Loewen Group Inc. is the second largest funeral home and cemetery operator
in North America. The Company employs approximately 16,000 people and owns or
operates more than 1,100 funeral homes and over 500 cemeteries across the United
States, Canada, and the United Kingdom. Over 90 percent of the Company's revenue
is derived from the United States.
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Note: Certain of the statements contained in the press release, including, but
not limited to, information regarding the future economic performance and
financial condition of the Company, the plans and objectives of the Company's
management, and the Company's assumptions regarding such performance and plans,
are forward-looking in nature. Additional information concerning important
factors that could cause actual results to differ from the forward-looking
information contained in this release is included in the Company's publicly
filed quarterly and annual reports.
