1
UNITED STATES
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
Date of Report (Date of Earliest Event Reported): July 23, 1997
-------------
Quaker State Corporation
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-2677 25-0742820
- ------------------------ --------------------- ---------------------
(State of incorporation) (Commission File No.) (IRS Employer ID No.)
225 E. John Carpenter Freeway, Irving, Texas 75062
- -------------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(972) 868-0400
----------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
-------------------------------------------------------------
(Former Name or Former Address, If Changed Since Last Report)
2
ITEM 5. Other
Slick 50. As reported in Quaker State Corporation's report on Form 10-K
for the year ending December 31, 1996, the Federal Trade Commission (FTC) filed
an administrative proceeding on July 16, 1996 seeking an order that Quaker
State Slick 50, Inc. (Slick 50), a subsidiary of Quaker State Corporation
(Company), and several Slick 50 subsidiaries cease and desist from making
certain product claims concerning Slick 50 engine treatment and refrain from
making other product claims without adequate substantiation. On July 23, 1997,
the FTC released for public comment a proposed settlement of the administrative
proceeding. The proposed consent decree, if finally approved, would include
restrictions on the future advertising of Slick 50 products and would include
agreement by the FTC not to seek consumer redress provided Slick 50 makes
available by January 1998, at least $10,000,000 in consumer redress in the
form of coupons, refunds or free products for former purchasers of Slick 50
products. The proposed consent decree would be without any admission of
wrongdoing by Slick 50.
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.
QUAKER STATE CORPORATION
(Registrant)
DATE: August 7, 1997
By: /s/ Conrad A. Conrad
--------------------------------
Conrad A. Conrad
Vice Chairman and
Chief Financial Officer