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): September 23, 1996
---------------------------
THE CARBIDE/GRAPHITE GROUP, INC.
Delaware 0-20490 25-1575609
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Code)
One Gateway Center, 19th Floor
Pittsburgh, PA
15222
(Address of principal executive offices)
Registrant's telephone number, including area code: (412) 562-3700
---------------------------
<PAGE>
Item 1 through Item 4 Not applicable.
Item 5 -- Other Events
On September 23, 1996, the Registrant released the following information
with respect to the retirement of Nicholas T. Kaiser, the Registrant's Chairman
and Chief Executive Officer:
Pittsburgh, PA - September 23, 1996 - The Carbide/Graphite Group, Inc.
(NASDAQ NNM: CGGI) reported today that Nicholas T. Kaiser, the Chairman and
Chief Executive Officer, advised the Board of Directors that he intends to
retire in the near future, upon the selection of his successor and the
completion of a transition period. Mr. Kaiser, who is 62, said he decided
to retire for personal reasons and because the goals he had set for himself
at the Company had largely been accomplished. He noted that he recently
underwent a routine angioplasty and that he thought it was desirable to
lessen his workload. He will continue as a director of the Company.
Mr. Kaiser has served as Chairman and Chief Executive Officer of the
Company since October 1994, and as its President since October 1991, and
has been associated with the Company and its predecessors for close to 30
years. The Board expressed its gratitude to Mr. Kaiser for his many years
of outstanding service and in particular for his leadership since 1988 when
the Company was formed. Among many other accomplishments, Mr. Kaiser led
the Company in its transition to a public company and in launching a major
modernization program in the Company's graphite electrodes business. A
Special Committee of the Board, consisting of the outside directors and Mr.
Kaiser, was appointed to recommend a successor. Mr. Kaiser said: "With my
goals for the Company completed or well underway, it is time for me to
devote more time to personal activities. During my years at the Company, I
have been fortunate to have had the opportunity to work with many talented
and dedicated colleagues who were instrumental in the success of the
Company and whose friendship and support I greatly value."
The Carbide/Graphite Group, Inc. is a leading manufacturer of
industrial graphite and calcium carbide products with manufacturing
facilities in St. Marys, Pennsylvania; Niagara Falls, New York; Louisville,
Kentucky; Calvert City, Kentucky; and Seadrift, Texas.
# # #
Item 6 through Item 8 Not applicable.
1
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the following hereunto duly authorized.
The Carbide/Graphite Group, Inc.
/s/ Nicholas T. Kaiser
Nicholas T. Kaiser -- Chief Executive Officer
Dated: October 2, 1996
2
<PAGE>
