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
March 23, 2001
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(Date of earliest event reported)
SAFETY-KLEEN CORP.
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(Exact name of Registrant as specified in its charter)
Delaware 001-8368 51-0228924
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
1301 Gervais Street, Suite 300,
Columbia, South Carolina 29201
(Address of principal executive offices, including zip code)
(803) 933-4200
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
On March 23, 2001, the registrant issued the press release filed with this
Current Report on Form 8-K as Exhibit 99.1, incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release issued March 23, 2001 (Filed herewith.)
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 hereunto duly authorized.
SAFETY-KLEEN CORP.
Date: March 23, 2001 By: /s/ Henry H. Taylor
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Henry H. Taylor
Senior Vice President, General Counsel and
Secretary
EXHIBIT INDEX
Exhibit No. Description
99.1 Press Release issued March 23, 2001 (Filed herewith.)
Exhibit 99.1
FOR IMMEDIATE RELEASE Media Contact: John Kyte or Wade Gates
March 23, 2001 803-933-4224
SAFETY-KLEEN ANNOUNCES TWO NEW ADDITIONS
TO BOARD OF DIRECTORS
COLUMBIA, SC - March 23, 2001 - Safety-Kleen Corp. today announced the
appointment of Peter E. Lengyel and David W. Wallace to its Board of Directors.
Both additions fill vacant positions on the Board.
"The addition of Peter and David to the Board is a sign of our continued efforts
to revitalize and reinvigorate Safety-Kleen," said CEO David E. Thomas, Jr.
"Their experiences in the business and finance communities will allow them to
make valuable contributions in reorganizing the Company and moving us forward."
Mr. Lengyel has more than thirty years of experience in management and
asset-based financing. He was personally involved in the restructuring of Penn
Central Railroad, and prior to that held executive positions with Bankers Trust
Company and the Chase Manhattan Bank. Most recently Mr. Lengyel was active in
venture capital investing, serving on the board of advisors of a technology firm
in New York City. Mr. Lengyel holds an MBA from Amos Tuck School of Business at
Dartmouth College and a degree in Industrial Engineering from NYU.
Mr. Wallace is the former Chairman and CEO of Lone Star Industries and was
Chairman of the Putnam Trust Company. His career also includes being the
Chairman of National Securities and Research Corporation, CEO of United Brands
and Chairman, President and CEO of Bangor Punta Corporation.
Mr. Wallace is currently a Director of Emigrant Savings Bank. He is also the
President and a Trustee of the Robert R. Young Foundation and is a member of the
Board of Governors of The New York Hospital as well as a member of the Board of
Greenwich Hospital. Mr. Wallace has an Engineering degree from Yale University
and a law degree from Harvard University.
Based in Columbia, South Carolina, Safety-Kleen Corp. is the largest industrial
and hazardous waste management company in North America, serving more than
400,000 customers. The Company filed for protection under Chapter 11 of the U.S.
Bankruptcy Code in June 2000.
Private Securities Litigation Reform Act
Under the Private Securities Litigation Reform Act of 1995, sections of this
release constitute forward-looking statements that involve a number of risks and
uncertainties. Actual results and events may differ materially from those
projected in the forward-looking statements. Many factors could cause actual
events and results to differ from those expected, including, but not limited to
the outcome of continuing negotiations with Safety-Kleen's lenders, the
availability of additional funding under credit facilities or from other
sources, and other items discussed in the Company's filings with the Securities
and Exchange Commission.
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