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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): June 23, 1999
KEMET Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-20289
57-0923789
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification
No.)
2835 KEMET Way, Simpsonville, SC 29681
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (864) 963-6300
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Item 7. Financial Statements and Exhibits
(a) Not Applicable
(b) Not Applicable
(c) Exhibits
99.1 Press Release, dated June 23, 1999, issued by the Company.
99.2 Press Release, dated June 23, 1999, issued by the Company.
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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 hereunto duly authorized.
KEMET Corporation
Dated: July 1, 1999 By:/S/ D. Ray Cash
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D. Ray Cash
Senior Vice President of Administration,
Treasurer and Assistant Secretary
(Principal Accounting Officer and
Financial Officer)
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EXHIBIT 99.1
For Immediate Release
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KEMET NAMES NEW PRESIDENT AND CHIEF OPERATING OFFICER
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GREENVILLE, SOUTH CAROLINA (June 23, 1999) - KEMET Corporation today announced
that Charles M. Culbertson II has been named President and Chief Operating
Officer of the Company.
Mr. Culbertson, a 1971 graduate of Clemson University with a B.S. in Chemical
Engineering, joined Union Carbide (KEMET's former parent company) in 1980 and
held various positions of increasing responsibility in tantalum and ceramic
process engineering and manufacturing between 1980 and 1989. He was named
Plant Manager for KEMET's tantalum surface-mount capacitor manufacturing plant
in Mauldin, South Carolina, in September 1989; Vice President for Tantalum
Surface-Mount Capacitors in January 1995; and Vice President/General Manager
of Tantalum Capacitors in January 1996. Since November 1997, Mr. Culbertson
has served as Senior Vice President/General Manager for KEMET's Tantalum
Business Unit.
Mr. Culbertson is active in both professional and community organizations,
including the American Institute of Chemical Engineers; the American
Manufacturing Association; the Chambers of Commerce for Simpsonville, Mauldin,
and Greenville; and the Business/Education Partnership Program in both
Greenville and Laurens Counties. He also served as Chairman and Member of the
Laurens County School Board for eight years. Mr. Culbertson and his wife, the
former Dianne Tucker, have two sons: Chad, a graduate of the University of
Tennessee, and Tucker, who graduated from Princeton University in May. The
family attends Simpsonville United Methodist Church.
"In his many years of service at KEMET, Charles Culbertson has been a major
contributor, both individually and as a vital member of our management team,
in strengthening our position as the leading manufacturer of tantalum
capacitors in the world," said CEO and Chairman David E. Maguire. "We expect
his leadership to play an important role in helping to ensure our continuing
success."
KEMET Corporation, headquartered in Greenville, South Carolina, is the largest
manufacturer of solid tantalum capacitors in the world and the second largest
manufacturer of multilayer ceramic capacitors in the United States. KEMET's
common stock is listed on The Nasdaq Stock Market's National Market under the
symbol KMET. Company information is available via the internet at
http://www.kemet.com).
Contact: Mr. Glenn H. Spears
Senior Vice President and Secretary
(864)963-6674
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EXHIBIT 99.2
For Immediate Release
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KEMET ANNOUNCES ORGANIZATIONAL CHANGES
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GREENVILLE, SOUTH CAROLINA (June 23, 1999) - In conjunction with their recent
announcement of the promotion of Charles M. Culbertson II to President and
Chief Operating Officer, KEMET Corporation today announced additional changes
to its organizational structure.
Harris L. Crowley, formerly Senior Vice President/General Manager, Ceramic, is
appointed to the newly created position of Senior Vice President, Technology
and Engineering. In this capacity, Mr. Crowley will be responsible for the
technology and engineering functions for both KEMET's Tantalum and Ceramic
Business Units. He will also be responsible for the development and
introduction of new products, such as KEMET's exciting new KO Caps (KEMET
Organic Tantalum Capacitors).
James P. McClintock, formerly Vice President, Tantalum, transfers to the
position of Vice President, U.S. Ceramic Operations, while Richard C.
Rickenbach, formerly BME (Base Metal Electrode) Project Manager, is promoted
to Director, U.S. Tantalum Operations. Both Mr. McClintock and Mr. Rickenbach
will report to Mr. Culbertson.
Dr. Larry A. Mann, formerly Director of Ceramic Technology, is promoted to
Vice President of Ceramic Technology and Dr. Daniel F. Persico, formerly
Director of Tantalum Technology, is promoted to Vice President of Tantalum
Technology. Both Dr. Mann and Dr. Persico will report to Mr. Crowley.
These moves are intended to strengthen KEMET's position in the development of
new products and businesses, and will enable the implementation of the most
effective technical and business practices across both the Tantalum and
Ceramic Business Units.
KEMET Corporation, headquartered in Greenville, South Carolina, is the largest
manufacturer of solid tantalum capacitors in the world and the second largest
manufacturer of multilayer ceramic capacitors in the United States. KEMET's
common stock is listed on The Nasdaq Stock Market's National Market under the
symbol KMET. Company information is available via the internet at
http://www.kemet.com).
Contact: Mr. Glenn H. Spears
Senior Vice President
(864)963-6674
