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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: APRIL 22, 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 April 22, 1997 the Company announced that A. S. Cleberg has been named
Executive Vice President and Chief Financial Officer of the Company effective as
of May 5, 1997. (See the attached press release dated April 22, 1997 filed as
Exhibit 99.1 hereto and incorporated herein by this reference.) Subsequent
to the press release, the effective date of Mr. Cleberg's election was
changed to May 1, 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 thereunto duly authorized.
MORRISON KNUDSEN CORPORATION
April 30, 1997 By: /s/ Stephen G. Hanks
-------------------------------------
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
Fax: (208) 386-5065 For Further Information Contact:
Corporate Communications (208) 386-5255
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FOR RELEASE:
APRIL 22, 1997
MORRISON KNUDSEN ANNOUNCES APPOINTMENT OF
NEW CHIEF FINANCIAL OFFICER
BOISE -- Robert A. Tinstman, President and Chief Executive Officer of
Morrison Knudsen Corporation (MK), announced today that A.S. Cleberg has been
named Executive Vice President and Chief Financial Officer of Morrison Knudsen
Corporation. He will join the Company on May 5, 1997.
Mr. Cleberg comes from Honeywell, Inc. where he spent the past 15 years and
held a number of management positions, including: Corporate Vice President,
Taxes; Vice President, Finance for Space & Aviation Control; Group Controller
for Industrial Automation Control and Military Avionics; and was most recently
Corporate Vice President for Business Development. Prior to joining Honeywell,
Inc., he was employed for eight years by Deloitte, Haskins & Sells (now Deloitte
& Touche).
"We searched long and hard for the right person and are excited to find an
individual with Tony Cleberg's broad financial background," said Mr. Tinstman.
"He has a proven track record of helping organizations create shareholder value.
I look to Tony's leadership for strengthening our financial disciplines and for
helping our team deliver superior financial results."
At MK, Mr. Cleberg will be responsible for the management of the Company's
accounting, finance, and tax functions and will report to Mr. Tinstman. Mr.
Cleberg is a Certified Public Accountant and holds a Bachelor of Science degree
in accounting from the University of South Dakota.
Morrison Knudsen's 8,500 employees are 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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