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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):
October 8, 1996
Commission File Number 0-22906
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ABC RAIL PRODUCTS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 36-3498749
(State or other jurisdiction (IRS Employer
of incorporation) Identification Number)
200 SOUTH MICHIGAN AVENUE
SUITE 1300
CHICAGO, ILLINOIS 60604
(312) 322-0360
(Address and telephone number of principal executive offices)
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ITEM 5. OTHER EVENTS.
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On October 8, 1996, ABC Rail Products Corporation (the "Company")
announced that Mr. Ben R. Yorks, President and Chief Operating Officer of the
Company, has elected to take early retirement from the Company, for reasons of
health. The Company has accepted his retirement with regret, and has entered
into a consultancy arrangement with Mr. Yorks through next March. See the press
release filed herewith as Exhibit 99.1 for additional information regarding the
retirement of Mr. Yorks.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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(c) Exhibits
99.1 Text of Press Release dated October 8, 1996 regarding the retirement
of Mr. Yorks.
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SIGNATURES
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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.
ABC RAIL PRODUCTS CORPORATION
By /s/ D. Chisholm MacDonald
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D. Chisholm MacDonald
Senior Vice President, Chief Financial Officer
and Director (Principal Financial and
Accounting Officer)
Date: October 9, 1996
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EXHIBIT INDEX
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EXHIBIT SEQUENTIAL
NUMBER DOCUMENT DESCRIPTION PAGE NUMBER
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99.1 Text of Press Release dated October 8, 5
1996 regarding the retirement of Mr. Yorks.
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EXHIBIT 99.1
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ABC RAIL PRODUCTS CORPORATION ANNOUNCES
RETIREMENT OF PRESIDENT AND CHIEF OPERATING OFFICER
CHICAGO, OCTOBER 8, 1996--ABC RAIL PRODUCTS CORPORATION (NASDAQ: ABCR)
announced today that Ben R. Yorks, president and chief operation officer of
Chicago-based ABC Rail, has elected to take early retirement from the company,
for reasons of health. The company has accepted his retirement with regret and
has entered into a consulting arrangement with Yorks.
Donald W. Grinter, chairman and chief executive officer, said, "I
deeply regret that Ben will no longer serve with us as an officer. I am happy
to know, however, that he will continue to be available to us as a consultant."
There are no immediate plans to replace Yorks as president and chief
operating officer. Grinter said, "The board of directors is reviewing the
question of replacing Yorks."
Yorks also submitted his resignation as a director of the company,
effective immediately. The board of directors is reducing the size of the board
from eight to seven members.
ABC Rail Products is a leader in the engineering, manufacturing, and
marketing of replacement products and original equipment for the freight
railroad and rail transit industries. The company's products include specialty
trackwork, such as rail crossings and switches; mechanical products, such as
rail car, locomotive and idler wheels, mounted wheel sets and metal brake shoes;
and classification yard products and automation systems. The company's plants
are located at Chicago Heights, Ill.; Crown Point and Anderson, Ind.; Baltimore;
Calera, Ala.; Milwaukee and Superior, Wis.; Duluth, Minn.; Pueblo, Colo.;
Cincinnati; Newton and Kansas City, Kan.; Corsicana, Texas; Lewistown and
Norristown, Pa.; Riverside, Calif.; and Tacoma, Wash.
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