SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: May 30, 1997
AT&T CAPITAL CORPORATION
A Delaware Commission File I.R.S. Employer
Corporation No. 1-11237 No. 22-3211453
44 Whippany Road, Morristown, New Jersey 07962-1983
Telephone Number (201) 397-3000
Form 8-K May 30, 1997
Item 5. OTHER EVENTS
On May 30, 1997, Thomas C. Wajnert, Chairman and Chief
Executive Officer of AT&T Capital Corporation ("AT&T Capital" or the "Company"),
announced that David Banks, who is currently a director of AT&T Capital, had
been elected by the Company's Board of Directors as AT&T Capital's Chief
Executive Officer effective immediately. Mr. Wajnert will continue to hold the
office of Chairman of the Company's Board of Directors.
To take on his new role at AT&T Capital, Mr. Banks, 54, has
relinquished his current responsibilities as a partner specializing in mergers
and acquisitions at Prideaux & Associates Ltd, a private management company in
the UK, as Advisor to Nomura International plc, and as Chief Executive Officer
of Penna Holdings plc, a public company in the UK. Previously, Mr. Banks served
for three years (1991-1994) as Chief Financial Officer of General Atlantic Group
Ltd, a multi-billion dollar private international investment company. Mr. Banks
has also served as President of the Financial Services Group of Continental
Grain Company (1987-1991); Founder and President of Carlyle Banks & Company,
Inc. (1985-1987), which specialized in leveraged buyouts and financial
restructurings; and in several positions at The Chase Manhattan Bank
(1968-1985), including Senior Vice President and Group Executive (1980-1985)
with responsibility for managing Chase's world-wide exposure to the petroleum,
mining and metals, aerospace and shipping industries.
Mr. Banks' appointments currently include being a Director of
the Paragon Group plc and K&J Coal Co., Inc. as well as a Trustee of Kenyon
College. He holds bachelor degrees in Art and Psychology from Kenyon College and
a J.D. from University of Florida Law School. Mr. Banks has two adult children.
Form 8-K May 30, 1997
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 thereunto duly authorized.
AT&T CAPITAL CORPORATION
By: RAMON OLIU, JR.
------------------------------------
Ramon Oliu, Jr.
Senior Vice President and
Chief Financial Officer
June 3, 1997