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UNITED STATES
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 - February 25, 2000
ENVIRONMENTAL ELEMENTS CORPORATION
(Exact name of registrant as specified in its charter)
1-10955
(Commission File Number)
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<S> <C>
DELAWARE 52-1303748
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
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3700 Koppers St., Baltimore, Maryland 21227
(Address of Principal Executive Offices) (Zip Code)
410 - 368 - 7000
(Registrant's telephone number, including area code)
Not Applicable
(Former name, address, and fiscal year, if changed since last report)
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Item 5. Other Events
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On February 25, 2000, E. H. Verdery resigned as the Company's Chief Executive
Officer, President and Chairman of the Board. On the same day, the Company
appointed John L. Sams to the position of President and appointed Samuel T.
Woodside Chairman of the Board.
The Company's press release announcing the resignation of Mr. Verdery, the
appointment of Mr. Sams and the appointment of Mr. Woodside is filed as an
exhibit to this Current Report on Form 8-K.
Item 7. Exhibits
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99.1 Press release issued February 25, 2000
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
ENVIRONMENTAL ELEMENTS CORPORATION
(Registrant)
/s/ James B. Sinclair
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James B. Sinclair
Senior Vice President and
Chief Financial Officer
Date: March 1, 2000
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Press Release issued February 25, 2000
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EX-99.1 Press Release Issued February 25, 2000
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Environmental Elements Names New President
Baltimore, Maryland, February 25, 2000 -- Environmental Elements Corporation
(AMEX:EEC), a leading provider of air pollution control equipment and services,
announced today that John L. Sams has been appointed President; Samuel T.
Woodside has been appointed Chairman of the Board; and E. H. Verdery is leaving
the Company to pursue other interests. These changes are effective February 25,
2000.
Mr. Sams has been with the Company since August 1999, serving as Senior Vice
President of Business Development. Mr. Woodside, an independent Director since
1996, is President and Chief Executive Officer of Energy Controls International,
a privately owned energy controls manufacturer and service provider.
"The Board believes John Sams will move the Company toward a smoother
operating cycle through increased contributions from the aftermarket and
proprietary technology segments of our business," said Mr. Woodside. "We are
pleased to have an executive of John's caliber and experience available within
the Company as we make this leadership change, and we look forward to a strong
performance from John and his team."
Mr. Sams, who has 17 years experience in the air pollution control industry,
was most recently President and CEO of Alfa Laval Celleco, a global provider of
process equipment to the pulp and paper industry. Commenting on his appointment
Mr. Sams said, "I will continue to emphasize Environmental Elements' solution-
oriented focus in the air pollution control marketplace. I do, however, look
forward to the opportunity to more fully move the Company's substantial talents
into the aftermarket and into proprietary technologies which directly address
significant needs of our customers. We have a great opportunity and a lot to
accomplish."
Environmental Elements Corporation, a leading air pollution control systems
provider for over fifty years, designs equipment and supplies systems and
services that enable a broad range of customers in the power generation, pulp
and paper, waste-to-energy, rock products, metals and petrochemical industries
worldwide to operate their facilities in compliance with particulate and gaseous
emissions standards. The Company also supplies a complete range of parts and
services for its own systems and for systems originally supplied by others.
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Certain of the statements included in this press release are forward-looking
statements. These statements involve risks and uncertainties that could cause
the actual results to differ from those expressed or implied by such statements.
These factors include loss of new orders, increased competition, changes in
environmental regulations, and other factors. Information on factors that could
affect the Company's financial results is set forth in the Company's filings
with the Securities and Exchange Commission including the report on Form 10-K
for the Company's fiscal year ended March 31, 1999, and subsequent reports on
Forms 10-Q.
