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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) March 27, 1995
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A M C A S T I N D U S T R I A L C O R P O R A T I O N
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(Exact name of registrant as specified in its charter)
Ohio 0-947 31-0258080
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(State of other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7887 Washington Village Drive, Dayton, Ohio 45459
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(Address of principal executive offices) (Zip Code)
(Area Code 513) 291-7000
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(Registrant's telephone number, including area code)
___________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last
report)
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Amcast Industrial Corporation
SEC Form 8-K Filing
March 24, 1995
Item 5. Other Events
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On March 23, 1995, Amcast Industrial Corporation issued the following press
release, attached as pages three and four of this filing.
Signatures
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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.
Amcast Industrial Corporation
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(Registrant)
/s/Denis G. Daly
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Denis G. Daly
Vice President, Legal Affairs
and Secretary
March 27, 1995
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(Date)
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[AMCAST INDUSTRIAL CORPORATION LOGO]
NEWS RELEASE
March 23, 1995
SHUEY SUCCEEDS LADEHOFF AS AMCAST CEO
Dayton, Ohio...(NYSE/AIZ) Amcast Industrial Corporation announced today that
John H. Shuey, president, has been named to the additional post of chief
executive officer. He succeeds Leo W. Ladehoff, who will continue as chairman
of the board.
Shuey, 49, joined Amcast in 1991 as executive vice president. He was named
president in 1993 and became a member of the Board of Directors in 1994. Prior
to joining Amcast, he held key executive positions at AM International and The
Trane Company. Ladehoff, 63, has been chief executive officer since 1979.
In accepting the appointment, Shuey praised Ladehoff's contributions. "When
Leo joined the company in 1978, Amcast, then Dayton Malleable Iron, operated
mostly aging iron foundries with very limited future potential. Of the 10
factories operated by Amcast in 1978, only one is operating today. The
factories of the past have been replaced by 11 state-of-the-art facilities.
Furthermore, of the hundreds of products produced by the company in 1978, only
one is still produced today. Leo designed and led the complete transformation
of the company into the manufacturing and distribution businesses which are our
core businesses today. He provided the leadership that positioned the company
in several developing markets that are fundamental to our future success," he
said.
Ladehoff said, "I am confident that John Shuey has the right combination of
training and experience to aggressively lead and grow Amcast into the next
century. The company's future strategy is set and implementation should be
initiated by a management that will be in place over the time frame needed to
complete it. Our planned succession will enable the company to experience a
smooth transition in management as the company moves forward to the new
century."
7887 Washington Village Drive * P.O. Box 98 * Dayton, Ohio 45401-0098 *
513/291-7000 * Fax 513/291-7005
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Amcast Industrial Corporation
News Release - Page 2 of 2
March 23, 1995
Commenting on the company's future, Shuey said, "I believe that our company is
currently in good condition and that its prospects are excellent. Our
Engineered Components segment is experiencing substantial growth, earnings in
our Flow Control segment are excellent, and both have exciting future
prospects. The financial condition of the company remains very strong. I
believe we are poised for substantial growth as we go forward."
Currently Amcast is proceeding with the largest capital expenditure program in
the company's history. Over the next 18 months, the company expects to invest
$70 million in new plant and equipment. Capacity expansions are currently
underway at its aluminum wheel facility in Gas City, Indiana, and its valve
manufacturing plant in Washington, Pennsylvania. A new manufacturing facility
is under construction at Franklin, Indiana, that will house Casting Technology
Company, Amcast's 60-percent-owned joint venture with Izumi Industries, Inc. of
Japan. Additionally, the company is in the final stages of a location search
for a new plant to manufacture aluminum suspension components.
AMCAST INDUSTRIAL CORPORATION IS A LEADING MANUFACTURER OF TECHNOLOGY-INTENSIVE
METAL PRODUCTS. ITS TWO BUSINESS SEGMENTS ARE BRAND NAME FLOW CONTROL PRODUCTS
MARKETED THROUGH NATIONAL DISTRIBUTION CHANNELS, AND ENGINEERED COMPONENTS FOR
ORIGINAL EQUIPMENT MANUFACTURERS. THE COMPANY SERVES FOUR MAJOR SECTORS OF THE
ECONOMY: CONSTRUCTION, AUTOMOTIVE, INDUSTRIAL, AND AVIATION/DEFENSE.
7887 Washington Village Drive * P.O. Box 98 * Dayton, Ohio 45401-0098