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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
August 8, 1997
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Date of Report (Date of earliest event reported)
Safety-Kleen Corp.
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(Exact name of registrant as specified in its charter)
Wisconsin 1-8513 39-6090019
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One Brinckman Way, Elgin, Illinois 60123-7857
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(Address of principal executive offices) (Zip Code)
(847) 697-8460
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(Registrant's telephone number)
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ITEM 5. OTHER EVENTS.
On August 8, 1997, Safety-Kleen Corp. (the "Company") issued a press
release announcing the resignation of John G. Johnson, Jr. as Director,
President and Chief Executive Officer of the Company, effective immediately.
Donald W. Brinckman, Chairman of the Company's board and former Chief Executive
Officer of the Company, has been appointed Chief Executive Officer. Joseph
Chalhoub, Senior Vice President-Operations of the Company, has been named
President and Chief Operating Officer.
The Company also announced that it had initiated a process to explore
strategic alternatives for enhancing shareholder value. The Board of Directors
of the Company has engaged William Blair & Company to act as its adviser and to
manage the process.
The foregoing summary of the attached press release is qualified in its
entirety by the complete text of such document, a copy of which is attached
hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
99.1 Press release dated August 8, 1997 issued by Safety-Kleen Corp.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SAFETY-KLEEN CORP.
/s/ DONALD W. BRINCKMAN
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Donald W. Brinckman
Dated: August 8, 1997 Chairman, President
and Chief Executive Officer
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EXHIBIT 99.1
[LOGO] Safety-Kleen Corp.
1000 N. Randall Road
Elgin, Illinois 60123
(847) 697-8460
FOR IMMEDIATE RELEASE For further information:
Contact: Larry Rudnick (847) 468-2408
Maureen Fisk (847) 468-2452
JOHNSON RESIGNS AT SAFETY-KLEEN;
BRINCKMAN NAMED CEO; CHALHOUB PRESIDENT
SAFETY-KLEEN TO EXPLORE STRATEGIC ALTERNATIVES
ELGIN, ILLINOIS -- AUGUST 8, 1997 -- Safety-Kleen Corp. announced today the
resignation of John G. Johnson, Jr. as Director, President and Chief Executive
Officer of the Company, effective immediately. Donald W. Brinckman, Chairman
of the Company's board, has been appointed Chief Executive Officer. Mr.
Brinckman previously served as the Company's Chief Executive Officer from 1968
until December 31, 1994. Joseph Chalhoub, Senior Vice President-Operations of
the Company, has been named President and Chief Operating Officer.
Safety-Kleen also announced that its Board of Directors has initiated a process
to explore strategic alternatives for enhancing shareholder value. The Board
of Directors has engaged William Blair & Company to act as its adviser and to
manage this process.
Safety-Kleen is an environmental and industrial service company dedicated to
helping businesses of all sizes recycle and process their waste streams.
Safety-Kleen stock is traded on the New York Stock Exchange under the symbol
SK.
