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
July 24, 2003
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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.)
5400 Legacy Drive, Cluster II, Bldg. 3, Plano, Texas 75024
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(Address of principal executive offices) (zip code)
(972) 265-2000
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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 July 24, 2003, 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
Number Description
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99.1 Press Release issued July 24, 2003 (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: July 25, 2003 By: /s/ James K. Lehman
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James K. Lehman
Senior Vice President, General
Counsel and Secretary
EXHIBIT INDEX
Exhibit
Number Description
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99.1 Press Release issued July 24, 2003 (Filed herewith.)
Exhibit 99.1
FOR IMMEDIATE RELEASE Media Contact: John Kyte
July 24, 2003 972-265-2030
SAFETY-KLEEN CONFIRMATION HEARING SET FOR AUGUST 1; VOTING DEADLINE
FOR REORGANIZATION PLAN EXTENDED
PLANO, TX - Safety-Kleen Corp. today announced that it expects the
confirmation hearing on its proposed plan of reorganization to proceed as
scheduled on August 1, 2003. The Company has also voluntarily extended until
July 29, 2003, the period of time for lenders under the Company's pre-petition
secured credit facility to cast their votes regarding the plan. The previous
deadline was July 25, 2003.
Safety-Kleen voluntarily filed for Chapter 11 protection on June 9, 2000, and
the disclosure statement associated with the Company's proposed Chapter 11
reorganization plan was approved by the U.S. Bankruptcy Court for the District
of Delaware on March 20, 2003.
"We expect that the confirmation hearing will go forward as scheduled," said
Safety-Kleen Chairman, CEO and President Ronald A. Rittenmeyer. "And we are
happy to accommodate those of our lenders who wanted a little additional time
before the voting period closes."
Rittenmeyer said the Company is encouraged by the support for the plan shown
to date and, pending final Court approval, he believes the Company can
complete the remaining steps in the bankruptcy court approval process within
the third quarter of this year.
A copy of the Company's modified plan of reorganization, as well as revised
exhibits and projected financials, is available on www.safety-kleen.com and on
www.safetykleenplan.com. Recent revisions to the plan include technical
modifications and details on a proposed exit facility.
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 approval and implementation of the Joint Plan of
Reorganization; actual 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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