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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
Date of report (Date of earliest event reported): December 7, 1998
EARL SCHEIB, INC.
(Exact name of registrant as specified in its charter)
1-4822
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(Commission
file number)
Delaware 95-1759002
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
8737 Wilshire Boulevard
Beverly Hills, California 90211
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 652-4880
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ITEM 5. OTHER EVENTS.
On December 7, 1998, the Registrant released for public distribution the
Press Release attached hereto as Exhibit 99(a).
EXHIBITS
EXHIBIT NO. DESCRIPTION
99(a) Press Release of Earl Scheib, Inc. dated December 7, 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 hereunto duly authorized.
EARL SCHEIB, INC.
By: /s/ John D. Branch
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John D. Branch, Senior Vice President
and Chief Financial Officer
Dated: December 10, 1998
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Press Release Exhibit 99(a)
EARL SCHEIB, INC. ANNOUNCES
CHRIS BEMENT A NEW PRESIDENT AND CEO
Beverly Hills, California - December 7, 1998 - Earl Scheib, Inc.
("AMEX-ESH) today announced that Chris Bement has been elected as President
and Chief Executive Officer effective January 1, 1999. Mr. Bement, 56 years
old, has been Executive Vice-President and Chief Operating Officer since 1995
and a Director since 1997. Prior to 1995, Mr. Bement spent most of his
career with Thrifty Corporation in various executive positions. Mr. Bement
succeeds Daniel A. Seigel, who will remain as a director of the Company.
Chris Bement, the new President and Chief Executive Officer, said "I'm
excited about this opportunity to continue the improvements and growth of the
Company. Earl Scheib, Inc. has made great progress in the last few years and
I fully expect that to continue. I am also very pleased that Dan Seigel has
agreed to remain as a director and investor in the Company and to help during
the transition."
The Company also named Philip W. Colburn as Chairman of the Board. Mr.
Colburn, 69 years old, has served as a director of the Company since 1992 and
has over 40 years of experience in the automotive industry.
"Safe-harbor" statement under the Private Securities Litigation Reform
Act of 1995: The statements that are not historical facts contained in this
news release are forward-looking statements that involve risks and
uncertainties, including but not limited to the effect of weather, the effect
of economic conditions, the impact of competitive products, services and
pricing, capacity and supply constraints or difficulties, changes in laws and
regulations applicable to the Company, the impact of year 2000 hardships, the
impact of the Company's new Euro Paint, the impact of advertising and
promotional activities, the impact of the Company's expansion and fleet
sales, and the potential adverse effects of certain litigation.
CONTACT: Earl Scheib, Inc. Beverly Hills, CA
Dan Seigel (310) 652-4880, ext. 140
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