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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 (Date of earliest event reported): November 17, 1999
STEWART ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
LOUISIANA 0-19508 72-0693290
(State or other jurisdiction Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
110 Veterans Memorial Boulevard
Metairie, Louisiana 70005
(Address of principal executive offices) (Zip Code)
(504) 837-5880
(Registrant's telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
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Item 5. Other Events
On November 17, 1999 the Company issued the following press release.
CONTACT: William E. Rowe
Stewart Enterprises, Inc.
110 Veterans Memorial Boulevard
Metairie, Louisiana 70005
504/837-5880
FOR IMMEDIATE RELEASE
STEWART ENTERPRISES ANNOUNCES MANAGEMENT CHANGES
Metairie, Louisiana, November 17, 1999 ... Stewart Enterprises, Inc.
(NASDAQ NMS: STEI) announced today that Joseph P. Henican, III, Vice
Chairman and Chief Executive Officer, has stepped down. The Company also
announced that William E. Rowe, the Company's President and Chief Operating
Officer, has been elected to succeed Henican as Chief Executive Officer.
In making this announcement, Frank B. Stewart, Jr. Chairman of the Board,
said, "Joe Henican guided Stewart Enterprises during its most successful
period of growth through acquisition and expansion in North America, Europe
and the Pacific Rim. During his five-year tenure as CEO, he played a vital
role in the Company's exceptional performance."
"We expect continued success under Bill's leadership. Bill has been in the
funeral home and cemetery business for more than 34 years. He joined
Stewart in 1987 when we acquired his firms. He served as president of our
Mid-Atlantic Division (now known as the Eastern Division) and made it one
of our most successful divisions. In 1994 he was elected President and
Chief Operating Officer of the Company. He and Joe Henican worked hand in
hand in establishing Stewart Enterprises as one of the industry leaders.
We feel very fortunate that Bill is in place to continue Stewart's growth
into the new millennium and beyond," stated Stewart.
Bill Rowe commented, "I am honored to have been elected Chief Executive
Officer of Stewart Enterprises. Joe Henican has provided this company with
a strong platform from which we can continue to grow."
Founded in 1910, Stewart Enterprises, Inc., is the third largest provider
of products and services in the death care industry in North America,
currently owning and operating 634 funeral homes and 157 cemeteries in
North America, Europe and the Pacific Rim.
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SIGNATURE
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.
STEWART ENTERPRISES, INC.
November 17, 1999 /s/ Kenneth C. Budde
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Kenneth C. Budde
Executive Vice President
Chief Financial Officer
