ALLIANT TECHSYSTEMS INC
8-K, 1998-11-25
ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)
Previous: HALLWOOD REALTY PARTNERS L P, SC 13D, 1998-11-25
Next: ALLIANT TECHSYSTEMS INC, 10-K/A, 1998-11-25



<PAGE>
 
                       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): November 24, 1998


                            ALLIANT TECHSYSTEMS INC.
             (Exact name of registrant as specified in its charter)


                DELAWARE                    1-10582            41-16726904
    (State or other jurisdiction of       (Commission        (I.R.S. Employer
    incorporation or organization)        File Number      Identification No.)


                   600 SECOND STREET N.E.
                     HOPKINS, MINNESOTA                       55343-8384
            (Address of principal executive office)            (Zip Code)


       Registrant's telephone number, including area code: (612) 931-6000


                                 NOT APPLICABLE
               (Former name, former address and former fiscal year
                          if changed from last report)
<PAGE>
 
Item 5.  Other Events.

     On November 24, 1998, the registrant issued a news release, the text of
which is attached hereto as Exhibit 99, announcing that Paul David Miller has
been named its Chairman of the Board and Chief Executive Officer, effective
January 1, 1999.

Item 7.  Financial Statements and Exhibits.

         (a) None.
         (b) None.
         (c) Exhibits.

             Exhibit No.         Description of Exhibit
             -----------         ----------------------
                99               Text of news release dated November 24, 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 thereunto duly authorized.

                                     ALLIANT TECHSYSTEMS INC.


Date: November 25, 1998
                                     By:   /s/ Charles H. Gauck
                                           -------------------------
                                     Name: Charles H. Gauck
                                     Title: Secretary
<PAGE>
 
                            ALLIANT TECHSYSTEMS INC.

                                    FORM 8-K

                                  EXHIBIT INDEX

The following exhibits are filed herewith electronically or incorporated herein
by reference. The applicable Securities and Exchange Commission File Number is
1-10582.

Exhibit
Number         Description of Exhibit     Method of Filing
- ------         ----------------------     ----------------
              
   99          Text of news release       Filed herewith electronically
               dated November 24, 1998
               

<PAGE>
 
                                                                      Exhibit 99


FOR IMMEDIATE RELEASE

MEDIA CONTACT:                         INVESTOR CONTACT:

ROD BITZ                               RICHARD N. JOWETT
PHONE:  612-931-5413                   PHONE:  612-931-6080
E-MAIL:  [email protected]              E-MAIL:  [email protected]


                ALLIANT TECHSYSTEMS NAMES MILLER CHAIRMAN OF THE
                 BOARD OF DIRECTORS AND CHIEF EXECUTIVE OFFICER


     MINNEAPOLIS, NOV. 24, 1998 - Alliant Techsystems (NYSE: ATK) said it has
named Paul David Miller, Admiral, United States Navy (Retired), chairman of the
board of directors and chief executive officer, effective Jan. 1. Miller also
will serve as chairman of the executive/finance committee of the board.

     Miller, 56, currently is with Litton Industries, Inc., where he heads
Litton Marine Systems and is president of Sperry Marine Inc. He joined
Litton/Sperry Marine in 1994, following a 30-year career in the U.S. Navy.

     Miller will replace Richard Schwartz, who will step down as chairman of the
board on Jan. 1. He will take over the duties of chief executive officer from
Peter A. Bukowick, who has been serving as acting chief executive officer since
Sept. 1, when Schwartz retired from that post. Bukowick will continue to serve
as president and chief operating officer of Alliant.

     Schwartz said Miller brings to his new position strong leadership, vision,
and strategic capabilities, and an extensive knowledge of the U.S. Department of
Defense and the international marketplace.

     "As the leader of a strong Alliant management team, I am confident that
Paul will continue the aggressive implementation of the company's building block
growth plan that has as its foundation a committed employee team, repeatable and
affordable products for our customers, and superior returns for our
shareholders," said Schwartz. 

                                     -more-
<PAGE>
 
ALLIANT TECHSYSTEMS - PAGE 2

     "I want to thank Pete Bukowick for the outstanding leadership he has
provided to Alliant during this interim period. Pete will remain president,
chief operating officer, and a member of the board, and will continue his strong
focus on improving the performance and profitability of our operations. The
combination of Paul's and Pete's talents and expertise will give us an
outstanding executive leadership team for the future."

     Prior to joining industry, Admiral Miller was Commander-in-Chief, U.S.
Atlantic Command, one of five U.S. theater commands, and served concurrently as
NATO Supreme Allied Commander-Atlantic. In that role, he planned and commanded
the international coalition response to the crisis in Haiti in 1994. Other major
duty assignments during his Navy career included Commander, U.S. Atlantic Fleet,
Commander, U.S. Seventh Fleet, and Deputy Chief of Naval Operations (Naval
Warfare).

     During Miller's four years with Litton Marine Systems and Sperry Marine
Inc., sales nearly doubled and the firm established itself as the premier
navigation product, system, and service provider in the U.S. and international
maritime industry.

     A native of Roanoke, Va., Miller holds a bachelor's degree in economics
from Florida State University and a master's degree in business administration
from the University of Georgia. He attended the U.S. Naval War College and the
Harvard Business School Executive Management Program, and is the author of
several works on leadership and strategy.

     Miller serves on the board of directors of Crestar Financial Corporation,
and the advisory boards of the University of Virginia's Engineering School and
Applied Science, and the McIntire School of Commerce. 

     Alliant Techsystems is a $1.1 billion aerospace and defense company with
approximately 6,300 employees. Headquartered in Hopkins, Minn., the company's
business groups are Conventional Munitions, Space and Strategic Systems, and
Defense Systems. Company news and information can be found on the Internet at
www.ATK.com.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission