MOBLEY ENVIRONMENTAL SERVICES INC
8-K, 1997-05-05
HAZARDOUS WASTE MANAGEMENT
Previous: ROCHESTER PORTFOLIO SERIES, 497, 1997-05-05
Next: WTC INDUSTRIES INC, 10QSB, 1997-05-05



<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: May 1, 1997
                (Date of earliest event reported: April 25, 1997)


                       MOBLEY ENVIRONMENTAL SERVICES, INC.
             (Exact name of registrant as specified in its charter)

           DELAWARE                        0-19497              75-2242963

(State or other jurisdiction of   (Commission File Number)   (I.R.S. Employer
Incorporation of organization)                              Identification No.)

                                4415 E. GREENWOOD
                              BAYTOWN, TEXAS 77520
                            (Address of registrant's
                          principal executive offices)

                                 (281) 383-7033
              (Registrant's telephone number, including area code:)

- -------------------------------------------------------------------------------
- -------------------------------------------------------------------------------


<PAGE>

ITEM 5.   OTHER EVENTS

          On April 28, 1997, Mobley Environmental Services, Inc. (the "Company")
          announced the signing of a definitive agreement for the sale of
          substantially all of the operating assets of its subsidiaries to
          United States Filter Corporation. The Company had previously announced
          the signing of a letter of intent for the sale of such assets on
          October 30, 1996.

ITEM 7.   FINANCIAL STATEMENTS AND EXHIBITS

          7(c) EXHIBITS

          Exhibit 99(a):      Press release dated April 28, 1997 announcing the
                              signing of a definitive agreement for the sale of
                              substantially all of the operating assets of its
                              subsidiaries to United States Filter Corporation.




                                        2
<PAGE>

                                   SIGNATURES

     Pursuant to the requirement 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.

Dated: May 1, 1997             MOBLEY ENVIRONMENTAL SERVICES, INC.


                                   By: /s/ W. Christopher Chisholm
                                       ---------------------------
                                        W. Christopher Chisholm, Vice President
                                        and Chief Financial Officer




                                        3
<PAGE>

                                  EXHIBIT INDEX

Exhibit
Number        Description
- -------       -----------

 99(a)         Press release dated April 28, 1997 announcing the signing of a
               definitive agreement for the sale of substantially all of the
               operating assets of its subsidiaries to United States Filter
               Corporation.



                                        4






<PAGE>

                                    EXHIBIT 99(a)

MOBLEY ENVIRONMENTAL SERVICES INC./NEWS

FOR IMMEDIATE RELEASE:
Mobley Environmental Services Contacts
W. Christopher Chisholm, Chief Financial Officer
or Scott Edwards, Marketing Manager
281/383-7033

U.S. FILTER AND MOBLEY SIGN DEFINITIVE AGREEMENT

    HOUSTON, April 28, 1997 -- Mobley Environmental Services, Inc. announced
today it has entered into a definitive agreement to sell substantially all of
the operating assets of its subsidiaries to United States Filter Corporation
(NYSE: USF). The two companies expect the transaction to be completed by May 31,
1997, once Mobley has completed certain shareholder notification requirements.

    Under the terms of the agreement, Mobley will receive approximately $8.0
million in shares of U.S. Filter common stock and have the opportunity to earn
additional shares worth up to $4.0 million based on the performance of the
purchased operating assets over the next two fiscal years.

    U.S. Filter is one of the world's largest water and wastewater products and
services companies.  Mobley Environmental Services is a Texas-based recycling
company that specializes in the collection, treatment, recycling and management
of a wide range of non-hazardous oil-water mixtures, used oil filters and
related materials.

                                        # # #

                                          5


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