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
June 10, 2002
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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
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(State or Other Jurisdiction of Incorporation)
001-8368 51-0228924
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(Commission File No.) (IRS Employer Identification No.)
1301 Gervais Street, Suite 300, Columbia, South Carolina 29201
(Address of principal executive offices) (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 June 10, 2002 the registrant issued the press release filed with this Current
Report on Form 8-K as Exhibit 99.1. The information contained in Exhibit 99.1 is
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit No. Description
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99.1 Press Release issued June 10, 2002 (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: June 13, 2002 By: /s/ Larry W. Singleton
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Larry W. Singleton
Executive Vice President and Chief
Financial Officer
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release issued June 10, 2002 (Filed herewith.)
FOR IMMEDIATE RELEASE Media Contact: John Kyte
June 10, 2002 803-933-4224
OBJECTION TO PROPOSED SALE OF SAFETY-KLEEN'S CHEMICAL SERVICES DIVISION
WITHDRAWN; COURT SETS JUNE 17 SALE HEARING DATE
Columbia, S.C. - An objection to the proposed sale of Safety-Kleen
Corp.'s Chemical Services Division (CSD) was withdrawn by Onyx North America
during a Bankruptcy Court hearing today. The court also set a sale hearing for
next Monday, June 17.
The court had originally set the sale hearing for June 13, but today
rescheduled it to allow for a possible new bid from Onyx, which must be received
by Friday, June 14. Onyx had submitted a bid by the original bidding deadline of
May 30, but that bid was subsequently determined not to be "qualified" pursuant
to the court's requirements. One qualified bid, from Clean Harbors, Inc., was
received.
Today's court action was based on a motion filed with the Bankruptcy
Court by Onyx on May 15, 2002, objecting to the proposed sale of the CSD, and
seeking a 60-day delay in the bidding deadline. Safety-Kleen responded on May
23, 2002, asking the Court to deny the Onyx objection in its entirety.
ABOUT SAFETY-KLEEN CORP.
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 in the United States, Canada, Mexico and Puerto Rico.
Safety-Kleen Corp. is currently under Chapter 11 bankruptcy protection, which it
entered into voluntarily on June 9, 2000.
PRIVATE SECURITIES LITIGATION REFORM ACT
Sections of this release constitute forward-looking statements that
involve a number of risks and uncertainties. Many factors could cause actual
results to differ materially from our expected results. These factors include
risks associated with the sale of the Chemical Services Division; emergence from
Chapter 11 bankruptcy protection; continued productive relations with creditors;
the continued availability of credit; changes in demand for the Company's
services; and competition.
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