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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: JULY 29, 1997
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 July 29, 1997, the Company announced that D. L. Brigham was named
Vice President and Controller and Frank S. Finlayson was elected Vice
President and Treasurer of the Company. (See the attached press release dated
July 29, 1997 filed as Exhibit 99.1 hereto and incorporated herein by this
reference.)
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
August 11, 1997 /s/ Stephen G. Hanks
By: ---------------------------------
Stephen G. Hanks
Executive Vice President, Chief
Legal Officer and Secretary
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EXHIBIT 99.1
MORRISON KNUDSEN CORPORATION
NEWS RELEASE
Morrison Knudsen Plaza/P. O. Box 73
Boise, Idaho 83729
Web Site: www.mk.com For Further Information Contact:
Corporate Communications
Phone: (208) 386-5255
FOR RELEASE:
July 29, 1997
TWO FINANCIAL EXECUTIVES PROMOTED BY MORRISON KNUDSEN
BOISE - Morrison Knudsen Corporation's Board of Directors has elected two
financial executives -- Douglas L. Brigham and Frank S. Finlayson -- to new
positions, according to an announcement today by Anthony S. Cleberg, MK
executive vice president and chief financial officer.
Brigham, formerly vice president and treasurer, has been elected vice
president and corporate controller; and Finlayson, previously vice president of
project finance, has been elected vice president and corporate treasurer.
"These promotions will enhance MK's ability to strengthen our financial
disciplines and systems and align financial objectives to create shareholder
value," said Cleberg.
Brigham joined MK in 1987 and has had responsibilities for corporate
finance and investor relations. He was promoted to treasurer in 1993 and
elected a vice president in 1994. He graduated from Albertson College of Idaho
with a business administration degree and earned an MBA from Boise State
University.
Finlayson, a 13-year MK veteran, was promoted to vice president of project
finance in 1996. He earlier served as vice president of project development and
finance in the company's Heavy Civil Construction Group. Finlayson earned a
degree in finance from Boise State University. Both Brigham and Finlayson are
officers of the corporation.
Cleberg also announced that Reed Brimhall, formerly vice president and
controller of Scientech, Inc. will join the company as vice president of
government accounting and audit. Brimhall has also held executive and management
positions with the Stanford University Medical School and with the accounting
firm, Deloitte & Touche. In addition, James E. McCallum has been named vice
president of finance and administration for the company's Heavy Civil
Construction Group; Tom D. Huset has been named director of finance and
administration for the company's Mining Group; and Roger K. Widner named as
director of Corporate Information Systems.
In a separate announcement, Stephen G. Hanks, MK executive vice president
and chief legal officer, said John F. Roberts has been appointed director of
Corporate Administration. In addition to managing the company's administrative
functions, he also oversees the Corporate Communications and Public Relations
Department and is the principal media contact for matters regarding MK.
Morrison Knudsen Corporation (MK-NYSE) has 8,500 employees at work in 33
countries, serving the environmental, heavy civil construction, industrial,
mining, operations & maintenance, power, process, and transportation markets as
an engineer and constructor.
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