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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 of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 27, 1996
EASCO, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-25834 94-3157362
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
c/o Easco, Inc.
706 South State Street
Girard, Ohio 44420
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(Address of principal executive offices)
Registrant's telephone number, including area code (330) 545-4311
Former name or former address, if changed since last report: Not applicable
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Item 5. Other Events.
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The company announced that it has appointed Norman E. Wells, Jr. as president
and chief executive officer, Terry D. Smith as chief financial officer, Joseph
M. Byers as vice president - sales and marketing, and James R. McKeithan as vice
president of manufacturing. Michael M. Hagerty has resigned from the board of
directors.
The Company also announced separately that it expects to report a loss for the
fourth quarter of 1996, including special charges associated with incentive
compensation and severance payments.
Item 7(c). Exhibits.
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99.1 Press releases, dated November 27, 1996, of Easco, Inc.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
EASCO, INC.
November 27, 1996 /s/ Norman E. Wells, Jr.
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Norman E. Wells, Jr.
President and Chief
Executive Officer
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Contact: Robert Klein
212-983-1399
For Immediate Release
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NEW YORK, Nov. 27--The board of directors of Easco, Inc. (Nasdaq: ESCO)
announced today that the company has appointed Norman E. Wells, Jr. as president
and chief executive officer of the company, Terry D. Smith as chief financial
officer of the company, and Joseph M. Byers as vice president - sales and
marketing of the company.
Mr. Wells was previously president and chief executive officer of
CasTech Aluminum Group Inc. Prior to joining CasTech and its predecessor
company, Mr. Wells was employed by Kaiser Aluminum Corporation from 1976 to 1989
in all facets of operations management. Mr. Wells received his M.B.A. from
Gonzaga University and his B.S. in metallurgy and industrial engineering from
the University of Washington.
Mr. Smith was previously chief financial officer, secretary and
treasurer of CasTech. Prior to joining CasTech, Mr. Smith's work experience
includes Coopers & Lybrand as a certified public accountant. He obtained a B.S.
in accounting from the University of Akron and is enrolled in the Advanced
Management Program at the Wharton School of the University of Pennsylvania.
Mr. Byers was previously vice president, sales and marketing of Barmet,
a subsidiary of CasTech. Mr. Byers' experience prior to joining CasTech includes
sales management positions with Alcoa from 1973 to 1991. He graduated from
Allegheny College with a B.A. in political science.
Easco also announced separately that it expects to report a loss for
the fourth quarter of 1996, including special charges associated with incentive
compensation and severance payments.
CasTech is a leading manufacturer of continuous cast aluminum sheet and
electrical wiring products, including two divisions which operate five
manufacturing facilities. In 1995, CasTech had sales of $403 million. In
September 1996, CasTech was acquired by Commonwealth Aluminum. Prior to its
sale, CasTech was listed on the New York Stock Exchange.
Easco, Inc. is the largest independent extruder of soft alloy aluminum
products in the United States and is a leading producer of painted extrusions.
The company operates 23 aluminum extrusion presses and three casting facilities.
Its products include standard and custom profiles, conduit, drawn tubing and
vinyl extrusions.
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Contact: Norman Wells
President and Chief Executive Officer
Easco, Inc.
(330) 545-4311
For Immediate Release
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GIRARD, Ohio, Nov. 27--Easco, Inc. (Nasdaq: ESCO) announced today that
the company has appointed James R. McKeithan as vice president - manufacturing.
The position was previously vacant.
Mr. McKeithan was previously vice president, production of CasTech
Aluminum Group Inc. Prior to joining CasTech and its predecessor company, Mr.
McKeithan was employed by Kaiser Aluminum Corporation from 1968 to 1992 in all
facets of operations management. Mr. McKeithan received his B.S. in engineering
operations from North Carolina University, Chapel Hill.
CasTech is a leading manufacturer of continuous cast aluminum sheet and
electrical wiring products, including two divisions which operate five
manufacturing facilities. In 1995, CasTech had sales of $403 million. In
September 1996, CasTech was acquired by Commonwealth Aluminum. Prior to its
sale, CasTech was listed on the New York Stock Exchange.
Easco, Inc. is the largest independent extruder of soft alloy aluminum
products in the United States and is a leading producer of painted extrusions.
The company operates 23 aluminum extrusion presses and three casting facilities.
Its products include standard and custom profiles, conduit, drawn tubing and
vinyl extrusions.
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November 27, 1996
(0413)
