FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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 29, 1997
Environmental Technologies Corp.
(Exact name of registrant as specified in its charter)
Delaware 0-20986 22-3005943
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
550 James Street, Lakewood, New Jersey 08701
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code:(908) 370-3400
N/A
(Former name or former address, if changed since last report)
Page 1 of 3 pages
<PAGE>
Item 1. Changes in Control of Registrant
Not Applicable
Item 2. Acquisition or Disposal of Assets
Not Applicable
Item 3. Bankruptcy or Receivership
Not Applicable
Item 4. Changes in Registrant's Certifying Accountant
Not Applicable
Item 5. Other Events
The Registrant issued a press release on April 4,
1997 regarding, inter alia, the resignation of its chief executive officer,
B. Brinkerhoff McCagg.
Item 6. Resignation of Registrant's Directors
Not Applicable.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Not Applicable
(b) Pro forma financial information
Not Applicable
(c) Exhibits
- Press Release dated April 4, 1997
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.
ENVIRONMENTAL TECHNOLOGIES CORP.
BY: /s/RICHARD G. SCHMELING
_____________________________
RICHARD G. SCHMELING,
Vice President-Finance
Dated: April 29, 1997
<PAGE>
NEW YORK, April 4, 1997 (Reuter)
Environmental Technologies Corp. said Friday an investigation by
the Board had found no evidence of any irregularities involving
its chief executive officer, Brin McCagg, or its FulCircle Recyclers,
Inc. subsidiary.
It also announced that McCagg had resigned to pursue other business
opportunities.
The Company said McCagg had agreed not to pursue defamation
claims against it.
McCagg was suspended by the Company in January while it reviewed
operations at FulCircle. At that time, he resigned from the Company's
Board.
George Cannan, Environmental Technologies' Chairman, will take on
the CEO duties, the Company said. Cannan was CEO prior to retaining McCagg
in January 1996.
Environmental Technologies is a fully integrated supplier of
refrigerant reclamation services, refrigerant recovery and recycling
equipment, and a recycler of fluorescent lighting ballasts.
