SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
------------------
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: December 6, 1996
(Date of earliest event reported)
NSC CORPORATION
(Exact name of registrant as specified in its Charter)
DELAWARE 018597 31-1295113
(State or other Jurisdiction (Commission (IRS Employer
of Incorporation) file number) Identification Number)
49 DANTON DRIVE, METHUEN, MA 01844
(Address of Principal Executive Offices) (ZIP code)
(508) 557-7300
Registrant's telephone number, including area code
N/A
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
NSC Corporation today announced the appointment of Victor J. Barnhart as
Chairman and Chief Executive Officer, and the promotion of Darryl G. Schimeck to
President and Chief Operating Officer. The appointments conclude the Board's
previously announced search process for a permanent replacement, following the
resignation of Frank Fradella as President and Chief Executive Officer.
"Victor Barnhart and Darryl Schimeck are seasoned professionals and strong
visionary leaders with the expertise to continue to grow and diversify our
business. Mr. Barnhart's track-record of success in leading diverse,
multi-divisional public companies, combined with Mr. Schimeck's strong sales and
hands-on operational skills, position NSC well for the future," said Herbert A.
Getz, Chairman of the Board of NSC.
Mr. Barnhart, 54, has extensive management experience in the environmental
services and specialty contracting industries, having served as President of
Rust Industrial Services Inc., President and CEO of The Brand Companies, Inc.,
and President and CEO of Chem-Nuclear Systems, Inc., all subsidiaries of WMX
Technologies, Inc. NSC became the nation's largest and most experienced asbestos
abatement provider following the Company's acquisition of Brand's asbestos
abatement division in 1993.
Prior to joining WMX, Mr. Barnhart held a variety of other leadership roles in
the nuclear industry with Westinghouse Electric Corp. and Nuclear Fuel Services,
Inc. Mr. Barnhart is a registered Professional Engineer with numerous equipment
and process patents to his credit, and was a 1971 Engineering graduate of The
Johns Hopkins University. Mr. Barnhart serves on the Board of the American Lung
Association of Chicago and the Oak Brook Executive Club, and is a member of the
Chicago Economic Club. He has also served on the Board of Directors for both NSC
Corporation and OHM Corporation.
Mr. Schimeck, 36, most recently served as President of National Surface
Cleaning, Inc. and Vice President of Sales and Marketing for NSC Corporation.
Prior to that, Mr. Schimeck was President of Rust Scaffold Rental & Erection
Inc., Director of National Sales for The Brand Companies, Inc. and served in
various sales management roles for approximately 10 years within Chemical Waste
Management, Inc. Mr. Schimeck has a Bachelors Degree in Economics, and is a 1982
graduate of Alma College, Alma, Michigan. He serves on the Board of Regents for
Mercy Home for Boys and Girls and on the Board of Directors for the Gus
Foundation for Pediatric Cancer Research at Children's Memorial Hospital, both
in Chicago, Illinois.
The company also declared a dividend of 15 cents per share to be paid on
December 30, 1996, to shareholders of record as of December 16th. The dividend
declaration is in keeping with the Board of Directors' previously announced
decision to evaluate dividends annually, based on the operating results of the
company.
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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 thereunto duly authorized.
NSC CORPORATION
Date: December 6, 1996 By______/s/ J. Drennan Lowell______
J. Drennan Lowell
Vice President, Chief Financial Officer,
Treasurer and Secretary
Signing on behalf of the registrant
and as principle financial officer.
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