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 30, 1997
SCOTT'S LIQUID GOLD-INC.
(Exact name of Registrant as specified in its charter)
Colorado 0-12343 84-0920811
State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
4880 Havana Street, Denver, CO 80239
(Address of principal executive offices) (Zip Code)
Registrant's telephone number: (303) 373-4860
Item 5. Other Events.
Scott's Liquid Gold-Inc. (the "Company") has announced that, as a result of
settlements of insurance claims, most of the costs that the Company incurred in
1996 to resolve environmental claims relating to the Rocky Mountain Arsenal have
now been recovered. Certain insurance proceeds will be recorded as a credit to
the Company's income during the fourth quarter of 1997. Please see the attached
press release dated December 30, 1997, which is attached hereto as Exhibit 1 and
is incorporated herein by this reference.
Item 7. Financial Statements and Exhibits.
The following exhibit is filed with this Report:
Exhibit No. Document
1 Press Release of Scott's Liquid Gold-Inc. dated December 30,
1997.
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.
Scott's Liquid Gold-Inc.
(Registrant)
Date: December 30, 1997 By: Barry Shepard, Treasurer
EXHIBIT INDEX
Exhibit No. Document
1 Press Release of Scott's Liquid Gold-Inc. dated December 30,
1997.
SCOTT'S LIQUID GOLD-INC.
RECOUPS COSTS
(BW) December 30, 1997. Mark E. Goldstein, President and CEO of Scott's
Liquid Gold-Inc. (the "Company"), announced that, as a result of settlements of
insurance claims, most of the costs that the Company incurred in 1996 to resolve
environmental claims relating to the Rocky Mountain Arsenal have now been
recovered. In October 1996, the Company settled these claims for approximately
$6.2 million, part of which was paid by insurance companies. The Company
continued its claims against non-settling insurance companies. The Company has
currently settlements with all but one of its insurers. One claim for recovery
of the remainder of the costs remains pending.
Certain insurance proceeds will be recorded as a credit to the Company's income
during the fourth quarter of 1997. The terms of the various insurance
settlements are confidential.
Contact: SCOTT'S LIQUID GOLD-INC.
Barry Shepard, Treasurer
Carolyn Anderson, Exec. Vice President
303/373-4860
