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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: October 1, 1996
MORRISON KNUDSEN CORPORATION
(formerly Washington Construction Group, Inc.)
Commission File Number 1-12054
A Delaware corporation
IRS Employer Identification No. 33-0565601
MORRISON KNUDSEN PLAZA, BOISE, IDAHO 83729
208/386-5000
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ITEM 5. OTHER MATERIAL IMPORTANT EVENTS.
On October 1, 1996, the registrant announced the resignation of Denis M.
Slavich, Executive Vice President and Chief Financial Officer of the registrant;
and the resignations of Thomas F. Kealey, Senior Vice President, and Gregg A.
Crockett, Vice President and Controller. See the press release attached hereto
as Exhibit 99.1.
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 thereunto duly authorized.
MORRISON KNUDSEN CORPORATION
October 1, 1996 /s/ Stephen G. Hanks
By: -------------------------
Stephen G. Hanks
Executive Vice President and
Chief Legal Officer
2
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EXHIBIT 99.1
MORRISON KNUDSEN CORPORATION
NEWS RELEASE
Morrison Knudsen Plaza/P. O. Box 73
Boise, Idaho 83729
Telex: 368439/Phone: (208) 386-6611
Fax: (208) 386-5065 For Further Information Contact:
Brent D. Brandon
Vice President Corporate Communications
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FOR RELEASE: OCTOBER 1, 1996
MK ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER
BOISE -- Morrison Knudsen Corporation (NYSE: MK) announced today that
Denis M. Slavich, MK's chief financial officer, has resigned to pursue
other interests.
"Denis played a valuable role as we reorganized financially and
reduced our debt," said Robert A. Tinstman, MK's President and Chief
Executive Officer. "With our financial restructuring behind us, we begin a
new chapter with a solid financial foundation and stringent financial
controls in place. Our focus going forward will be on maintaining tight
financial controls in close coordination with our operating units."
Stephen G. Hanks, MK's executive vice president and chief legal
officer, will serve as acting chief financial officer while the company
conducts an executive search for a permanent replacement for Slavich. The
company said that the search for a new CFO with experience in government
contracting, information systems and public company financial reporting is
expected to take 3-6 months. Hanks, a 17-year veteran of Morrison
Knudsen, has previously served as executive vice president -
administration and finance, senior vice president and secretary. He is an
attorney, a certified public accountant and holds an MBA from the
University of Utah.
The company also announced the resignations of Thomas F. Kealey,
senior vice president, and Gregg A. Crockett, vice president and
controller, who has accepted a position with another firm.
James E. McCallum, vice president - finance & administration for MK's
Mining Group, will serve as acting controller. McCallum is a 21-year MK
veteran who has served as chief accountant for mine operations, senior
business manager and director - finance & administration. He holds a
degree in Business Administration from Boise State University.
Morrison Knudsen Corporation, founded in 1912, serves the world's
environmental, heavy construction, industrial, mining, operations &
maintenance, power, process, and transportation markets as an engineer and
constructor.
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