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 16, 1997
HOME HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware 0-19347 13-3584978
(State of Incorporation) (Commission file number) (I.R.S. Employer
Identification No.)
59 Maiden Lane, New York, New York 10038-4548
(Address or principal executive office) (Zip Code)
Registrant's telephone number including area code (212) 530-6600
Item 5. Other Events
The Registrant announced today that Arthur D.
Wilson, currently Vice President and Controller of The
Home Insurance Company, a New Hampshire domiciled
property and casualty insurance company and the
principal, wholly-owned subsidiary of the Registrant
("Home Insurance"), was named by the Registrant's Board
of Directors on December 23, 1997 to succeed Richard
H. Hershman, the current Treasurer and principal
financial and accounting officer of the Registrant, who
announced on December 16, 1997 that he will resign
effective March 1, 1998. Mr. Wilson also will become
Senior Vice President, Chief Financial Officer and
Treasurer of Home Insurance and assume certain other
positions in Home Insurance affiliates vacated by
Mr. Hershman.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
(c) Exhibits.
(99.1) Press release issued on December 24,
1997.
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.
HOME HOLDINGS INC.
Dated: December 24, 1997 By: /s/ Richard H. Hershman
_________________________
Richard H. Hershman
(Principal Financial and
Accounting Officer through a
Services Agreement, dated June
12, 1995, between Risk
Enterprise Management Limited, a
Delaware corporation, and Home
Insurance)
Exhibit 99.1
FROM: EDWARD G. NOVOTNY & ASSOCIATES, INC.
Two Tudor City Place
New York, New York 10017
Tel.: (212) 490-2065
FOR: HOME HOLDINGS INC. FOR IMMEDIATE RELEASE
59 Maiden Lane Wednesday, December 24, 1997
New York, New York 10038
HOME HOLDINGS INC.
ANNOUNCES NEW TREASURER
NEW YORK -- Home Holdings Inc. announced today that Arthur
D. Wilson, currently Vice President and Controller of Home
Holdings' principal subsidiary, The Home Insurance Company, has
been named to succeed Richard H. Hershman, the current Treasurer
and principal financial and accounting officer of Home Holdings,
when Mr. Hershman resigns, effective March 1, 1998. Mr. Wilson
will also become Senior Vice President, Chief Financial Officer,
and Treasurer of Home Insurance and assume certain other
positions in Home Insurance affiliates vacated by Mr. Hershman.
Home Holdings' management praised Mr. Hershman's
accomplishments over the past two and a half years, thanked him
for agreeing to assist with the year-end financial statements and
facilitate an orderly transition, and wished him well as he
pursues other opportunities. Management also expressed
confidence in the ability of Mr. Wilson and his colleagues to
make the transition as seamless as possible.
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