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): May 25, 1995 (May 17, 1995)
Eljer Industries, Inc.
(Exact name of registrant as specified in charter)
Delaware 1-10181 75-2270874
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
17120 Dallas Parkway, Dallas, Texas 75248
(Address of principal executive offices) (Zip Code)
Registrant's telephone number,
including area code: (214) 407-2600
Not applicable
(Former name or former address, if changed since last report)
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Item 5 Other Events
On May 17, 1995, Eljer Industries, Inc. (the "Company") reported that
the United States Bankruptcy Court for the Eastern District of Texas (the
"Bankruptcy Court"), which is presiding over the Chapter 11 case of its
indirect, wholly-owned subsidiary, United States Brass Corporation ("U.S.
Brass"), denied approval of the proposed disclosure statement filed by U.S.
Brass with respect to its proposed reorganization plan. In separate action, the
Bankruptcy Court also continued until June 6 the hearing to consider objections
to the proposed disclosure statement filed by the Official Polybutylene
Claimant's Committee in connection with its proposed plan of reorganization for
U.S. Brass. The press release dated May 17, 1995, describing the above is filed
as an exhibit hereto and is incorporated by reference herein.
Item 7 Exhibits
Press release dated May 17, 1995 describing the United States
Bankruptcy Court's ruling denying approval of the U.S. Brass disclosure
statement.
<PAGE>
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.
ELJER INDUSTRIES, INC.
Date: May 25, 1995 By /s/Henry W. Lehnerer
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Henry W. Lehnerer
Vice President - Finance &
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
EXHIBIT NO.
99 Press release dated May 17, 1995 describing the United
States Bankruptcy Court's ruling denying approval of
the U.S. Brass disclosure statement.
<PAGE>
NEWS RELEASE
FOR: ELJER INDUSTRIES, INC.
APPROVED BY: George W. Hanthorn
Vice President-General Counsel
(214) 407-2600
For Immediate Release
CONTACT: Morgen-Walke Associates
Lynn Morgen/June Filingeri
Terence Rooney/Stan Froelich, Media Contact
(212) 850-5600
Ken Pieper (214) 663-9321
ELJER INDUSTRIES REPORTS COURT RULING
IN U.S. BRASS BANKRUPTCY
DALLAS, Texas, May 17, 1995 -- Eljer Industries, Inc. (NYSE:ELJ)
reported today that the Bankruptcy Court presiding over the Chapter 11 case of
its indirect subsidiary, United States Brass Corporation, has denied approval of
the proposed disclosure statement filed by U.S. Brass with respect to its
proposed reorganization plan. U.S. Brass may appeal the court's ruling or may
amend its proposed plan.
Under the proposed plan, a trust to be funded by Eljer and other
settling parties was to be established to pay in full all claims relating to
certain polybutylene plumbing systems manufactured and marketed by U.S. Brass.
The Bankruptcy Court indicated that it did not believe it could approve a plan
that precluded actions against settling parties to the trust. In separate
action, the Bankruptcy Court also continued until June 6 the hearing to consider
objections to the proposed disclosure statement filed by the Polybutylene
Plaintiff's Committee in connection with its proposed plan of reorganization for
U.S. Brass.
Scott Arbuckle, Chairman of U.S. Brass and President and Chief
Executive Officer of Eljer Industries, said, "We continue to believe that a
successful plan will be developed to reorganize U.S. Brass and to arrange for
the payment in full of all U.S. Brass liabilities."
Eljer Industries, Inc. is a leading manufacturer and marketer of high
quality building products, including plumbing, heating and ventilating products,
for the residential and commercial construction, remodeling and repair, and do-
it-yourself markets.
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brass2.rel
(LETTERHEAD OF MORGEN-WALKE)
