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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) - April 9, 1999
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THE CRONOS GROUP
(Exact name of registrant as specified in its charter)
LUXEMBOURG 0-24464
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(State or other jurisdiction of (Commission File Number)
Incorporation)
16, Allee Marconi, Boite Postale 260,
L-2120 Luxembourg
(Address of principal executive offices)
352-453145
(Registrant's telephone number, including area code)
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NOT APPLICABLE
(Former name or address, if changed since last report)
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ITEM 5. Other Events
On April 9, 1999, The Cronos Group issued the press release which
is filed herewith as Exhibit 1.
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SIGNATURES
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.
THE CRONOS GROUP
Registrant
By /s/ Dennis J. Tietz
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Dennis J. Tietz
Chief Executive Officer
Date: April 12, 1999
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Exhibit Index
1. Press Release dated April 9, 1999
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Exhibit 1
APRIL 9, 1999
COMPANY PRESS RELEASE
THE CRONOS GROUP ANNOUNCES RESIGNATION OF PRESIDENT OF LEASING DIVISION
New York -- Friday, April 9, 1999 -- The Cronos Group (Nasdaq: CRNS) announced
today that, as part of the company's efforts to streamline operations and
reorganize its corporate structure, Stephen J. Brocato, who served as president
of Cronos Containers Limited since 1997, has resigned.
Cronos is one of the world's leading lessors of intermodal marine containers,
owning and managing a fleet of over 360,000 TEU (twenty-foot equivalent units).
The diversified Cronos fleet, comprised of dry cargo, refrigerated and other
specialized containers, is leased to a customer base of approximately 400 ocean
carriers and transport operators around the world. Cronos provides container
leasing services through an integrated network of offices through
state-of-the-art information technology.
Safe Harbor Statement
This release discusses certain forward-looking matters that involve risks and
uncertainties that could cause actual results to vary materially from estimates.
Risks and uncertainties include, among other things, changes in international
operations, exchange rate risks, changes in market conditions for the company's
container lease operations, and the company's ability to provide innovative and
cost effective solutions.
Contact:
The Cronos Group
Elinor Wexler (415) 677-8990
Investor Relations
[email protected]
www.cronos.com
