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): April 1, 1997
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
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Item 1 through Item 4 Not applicable.
Item 5 -- Other Events
On April 1, 1997, the Registrant released the following information with
respect to the election of a new Chief Executive Officer.
THE CARBIDE/GRAPHITE GROUP, INC.
ANNOUNCES NEW CHIEF EXECUTIVE OFFICER
Pittsburgh, PA - April 1, 1997 - The Carbide/Graphite Group, Inc. (NASDAQ
NNM: CGGI) announced today that its Board of Directors has elected Walter B.
Fowler as Chairman, President and Chief Executive Officer of the Company. Mr.
Fowler succeeds Nicholas T. Kaiser who is retiring. Mr. Fowler, 42, has been
associated with the Company and its predecessors for 13 years, most recently as
the President of the Electrodes and Graphite Specialty Products division, the
Company's largest operating unit. Other assignments with the Company have
included the positions of Vice President-Finance and Chief Financial Officer and
Vice President and General Manager - Graphite Specialty Products. Mr. Fowler has
also been a member of the Company's Board of Directors since September 1995. As
announced in September 1996, Mr. Kaiser advised the Board that he wished to
retire, upon selection of a successor, for personal reasons and because the
goals he had set for himself at the Company had largely been accomplished. Mr.
Kaiser will continue as a director of the Company.
The Board expressed its gratitude to Mr. Kaiser for his extraordinary
leadership and service. Mr. Kaiser served as Chairman and Chief Executive
Officer of the Company since October 1994 and its President since 1991 and has
been associated with the Company and its predecessors for over 30 years. Among
many other accomplishments, Mr. Kaiser led the Company in its transition to a
public company and in its launch of a major modernization program in its
graphite electrodes business. Mr. Kaiser commented, "Walter is an outstanding
choice to lead our Company. He has played a very important role in the success
of our graphite electrodes business unit and has a thorough understanding of our
operations and the industries in which we operate."
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.
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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/ Walter B. Fowler
--------------------------------
Walter B. Fowler
Chief Executive Officer
Dated: April 1, 1997
