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 (Date of Earliest Event Reported): November 17, 1999
FIRST SCIENTIFIC, INC.
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(Exact name of registrant as specified in this Charter)
Delaware 0-24378 33-0611745
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1877 West 2800 South, Suite 200, Ogden, Utah 84401
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (801) 393-5781
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ITEM 5. OTHER EVENTS.
Appointment of New President and CEO and New Directors to the Board
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On November 15, 1999, First Scientific, Inc. (the "Company")
accepted the resignation of Douglas R. Warren as President and
Chief Executive Officer effective November 17, 1999. Mr. Warren
remains as a member of the Board of Directors of the Company. He
was replaced by Randall L. Hales, who had previously served as
Vice President of Sales and Marketing of the Company. In addition
to his appointment as President and Chief Executive Officer, Mr.
Hales was also elected to the Board of Directors. At the same
time, Gary L. Crittenden and Dan C. Jorgensen were elected as
Members of the Board of Directors. All three directors will serve
until the Company's next annual meeting of the shareholders. Reed
J. Tanner also submitted his resignation as Secretary of the
Corporation, effective November 17, 1999. He was replaced by
Gordon M. Davis who is currently Vice President of Administration
and Chief Financial Officer of the Company.
Randall L. Hales, age 32, is the new President and Chief
Executive Officer of the Company, and a Director. He received his
bachelor's degree from the school of engineering at Brigham Young
University in 1991. Mr. Hales began his career working at David
Weekley Homes in 1990, and before leaving in 1995 was general
manager of operations. He joined Daltile International in March
of 1995 and served as managing director of its $300 million glazed
wall tile division in Dallas, Texas. In 1999 Mr. Hales began
employment with First Scientific as Vice President of Sales and
Marketing. Throughout his career, he has been responsible for
operations, manufacturing, sales, marketing and general management
of the various entities.
Gary L. Crittenden, age 46, joined Monsanto Chemical Company
in 1999 as senior vice president and chief financial officer.
Previously, Mr. Crittenden was executive vice president and chief
financial officer of Sears Roebuck and Company from 1996 through
1998. Prior to joining Sears, he was senior vice president and
chief financial officer at Melville Corporation, Rye, New York
from 1994. Mr. Crittenden has also served as a consultant to Bain
& Company in Boston, Massachusetts, where he also held senior
management and marketing positions. Mr. Crittenden serves on the
board of directors for Ryerson-Tull and Wilson Corporation. Mr
Crittenden earned a bachelor's degree from Brigham Young
University and an MBA degree from Harvard University.
Dan C. Jorgensen, age 61, has been president of Jorgensen and
Associates since 1994, which is involved with energy, financial
services and investment projects in developing countries and
Russia. In addition to founding Citicorp Insurance USA and
Citicorp Insurance Bermuda, Mr. Jorgensen has also served as
senior vice president Special Finances Division at AIG. Mr.
Jorgensen serves on several boards including: Institute for
Professional Medical Education, Calif.; Conseco Bank, Utah; Utah
Symphony, Utah; Snow College Foundation, Utah; and Foundation Jean
Monnet pour l'Europe, Lausanne, Switzerland. Mr. Jorgensen holds
a bachelor's degree from Brigham Young University and an MBA
degree from Harvard University.
Gordon M. Davis, age 54, obtained a Bachelor of Science degree in
business management from the University of Utah and has spent his
career in banking, finance, management, and consulting. Over the
past five years, Mr. Davis was president of Satellite Image
Systems, Salt Lake City, Utah in 1992 and 1993 and president of EE
Multimedia, Inc., Salt Lake City, Utah in 1995. During 1996 Mr.
Davis was part owner of a solarium company in Salt Lake City,
Utah. During 1997 and 1998, he was a consultant to a real estate
development project in South America and served as a management
and financial consultant to other early stage development
ventures, including First Scientific, which hired him as a
full-time employee in August, 1998.
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 hereunto duly authorized.
FIRST SCIENTIFIC, INC.
(Registrant)
Date: December 6, 1999 By: /s/ Gordon M. Davis
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Gordon M. Davis, Vice President/CFO
