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SECURITIES AND EXCHANGE COMMISSION
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WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
JULY 14, 1997 COMMISSION FILE NUMBER 1-496
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HERCULES INCORPORATED
A DELAWARE CORPORATION
I.R.S. EMPLOYER IDENTIFICATION NO.51-0023450
HERCULES PLAZA
1313 NORTH MARKET STREET
WILMINGTON, DELAWARE 19894-0001
(302) 594-5000
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEMS 1, 2, 3, 4, 6, 7, 8 AND 9 ARE NOT APPLICABLE AND ARE OMITTED FROM THIS
REPORT.
ITEM 5. OTHER EVENTS
On June 26, 1997, Hercules and Jacob Holm & Sons A/S ("Jacob Holm"), a
Danish company, combined their respective synthetic fibers businesses into a
joint venture initially named Fiberco L.L.C. ("Fiberco"), a Delaware limited
liability company. The businesses which were combined to form Fiberco had 1996
sales of approximately $300 million. Fiberco is owned 51% by Hercules and 49% by
Jacob Holm and is headquartered in Wilmington, Delaware. Fiberco is governed by
a Board of Managers, four chosen by Hercules and three chosen by Jacob Holm.
Fiberco owns or controls the following entities: (i) Fiberco, Inc., a
Delaware corporation, which in turn owns or controls directly or indirectly
Hercules de Mexico, Hercules Fibras de Mexico, Servi Q, Hercules Fibers
Argentina and 3379396 Canada Inc. and (ii) Danaklon A/S which in turn owns or
controls directly or indirectly Danaklon Americas, Inc., FWB Industries GmbH,
Jacob Holm Industries (China) A/S, Jacob Holm Industries (China) Textile
Products Ltd. and Danaklon Europe A.G.M.
The current members of the Board of Managers of Fiberco are:
Board of Managers:
Poul Ploughman Laursen - Chairman
Vincent J. Corbo - Vice Chairman
George MacKenzie
Harry J. Tucci
Dominick W. DiDonna
Poul M. Mikkelsen
Soeren Bansholt
The current officers of Fiberco are:
Officers:
John E. Montgomery - Chief Executive Officer
Christian Seidelin - Vice President & Chief Financial Officer
Charles L. Robinson - Vice President & General Manager Americas
Tommy Jespersen - Vice President & General Manager Europe
Walter R. Curfman - Vice President & General Manager Far East/Asia
Edward J. Engle - Vice President, Research & Development
Jerome P. Hunter - Vice President, Asset Management
Kathleen J. Trzaskos - Vice President, Human Resources
Geoffrey E. Meyer - Vice President, Secretary & General Counsel
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In March 1995, Hercules sold its aerospace business to Alliant Techsystems
Inc. pursuant to a Purchase And Sale Agreement between Alliant and Hercules (the
"Purchase Agreement"). As part of such sale, Hercules received an ownership
interest in Alliant and presently owns approximately 29% of Alliant's
outstanding voting common stock. On June 27, 1997, Alliant filed a Form 10-K for
its fiscal year ended March 31, 1997 and therein reported that in March 1997
Alliant received a partially unsealed complaint, initiated on an unknown date,
in a qui tam action by a former employee alleging violations of the False Claims
Act; the action alleges labor mischarging to the Intermediate Nuclear Force
contract at Alliant's Bacchus Works facility in Magna, Utah; damages are not
specified; and Alliant and Hercules have agreed to share equally the external
attorneys' fees, investigative fees and related costs and expenses of this
action until such time as a determination is made as to the applicability of the
indemnification provisions of the Purchase Agreement. The complaint names
Alliant and Hercules as defendants.
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 thereto fully authorized.
Hercules Incorporated
By /s/ Israel J. Floyd
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Israel J. Floyd, Corporate Secretary
and Assistant General Counsel
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