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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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) May 7, 1998
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THE GEON COMPANY
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(Exact name of registrant as specified in charter)
Delaware 1-11804 34-1730488
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
One Geon Center, Avon Lake, Ohio 44012
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 440-930-1001
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Not Applicable
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
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The Geon Company announced that Thomas A. Waltermire, president and
chief operating officer of Geon, and Farah M. Walters, president and chief
executive officer of University Hospitals Health System and University Hospitals
of Cleveland, are joining the Board of Directors.
Item 7(c). Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99.1 Press Release of May 7, 1998.
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.
THE GEON COMPANY
By \s\ Gregory L. Rutman
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Secretary
Dated May 12, 1998
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EXHIBIT 99.1
GEON BOARD WELCOMES TWO NEW DIRECTORS
CLEVELAND, OHIO -- May 7, 1998 -- The Geon Company (NYSE: GON) today announced
that Thomas A. Waltermire, president and chief operating officer of Geon, and
Farah M. Walters, president and chief executive officer of University Hospitals
Health System and University Hospitals of Cleveland, are joining the Board of
Directors.
Waltermire's election to the Board by a proxy vote of stockholders was announced
at Geon's annual meeting of stockholders today at The Forum Conference and
Education Center. At a subsequent meeting of the Board, directors approved a
resolution expanding membership by one and electing Walters to the position.
Waltermire's election does not expand the membership because Harry A. Hammerly,
retired executive vice president of 3M Company, retired from the Board today,
concluding four years service as a Geon director.
Waltermire, 48, has been with Geon since its inception in 1993, serving as
senior vice president and treasurer, chief financial officer and chief operating
officer. He was named president earlier this year. He is responsible for Geon's
daily operations, with oversight of the operating business units; health, safety
and environmental affairs; human resources; quality; and information technology.
Walters, 52, joined University Hospitals of Cleveland in 1986, and has served as
president and chief executive officer of the academic medical center and its
parent organization since 1992. She has led University Hospitals' transformation
from one of America's leading teaching hospitals to a comprehensive health care
system, with more than 15,000 physicians and employees.
Geon directors are elected to one-year terms and hold office until the next
annual meeting, when they either are re-elected or their successors are chosen.
The Geon Company is a leading North American-based polymer service and
technology company with operations in polyvinyl chloride (PVC) compounds and
other value-added products and services, as well as PVC resins. Headquartered in
Avon Lake, Ohio, The Geon Company and its subsidiaries employ 2,000 people and
have 17 manufacturing plants in the United States and Canada, and joint ventures
in the United States, Europe, Australia and Southeast Asia. Geon recorded
revenues of $1.25 billion for the year ended December 31, 1997.
