UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): October 17, 2002
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MATLACK SYSTEMS, INC.
(Debtor-In-Possession as of March 29, 2001)
(Exact name of registrant as specified in its charter)
Delaware 1-10105 51-0310173
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation or Organization) File Number) Identification Number)
One Rollins Plaza, Wilmington, Delaware 19803
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (302) 426-3400
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N/A
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(Former Name or Former Address, if Changed Since Last Report)
Item 3. Bankruptcy or Receivership.
On October 17, 2002, the United States Bankruptcy Court for the
District of Delaware (the "Bankruptcy Court") approved the application of
Matlack Systems, Inc., a Delaware corporation (the "Company"), and its direct
and indirect wholly owned subsidiaries (with the Company, the "Matlack
Entities") to convert the proceedings in the Bankruptcy Court under Chapter 11
of the United States Bankruptcy Code to which the Matlack Entities are party,
which have been consolidated for the purpose of joint administration as Case No.
01-1114 (MFW), into a voluntary liquidation under Chapter 7 of the United States
Bankruptcy Code. The Company expects that the United States Trustee will appoint
a trustee for the assets of the Matlack Entities, subject to the subsequent
election of a trustee by the creditors of the Matlack Entities.
For additional information, interested parties can contact the
Bankruptcy Court at the following address:
United States Bankruptcy Court for the District of Delaware
824 Market Street
5th Floor
Wilmington, DE 19801
(302) 252-2900
Item 5. Other Events.
On October 17, 2002, Stephen E. Judge, the Company's Chief
Reorganization Officer and the sole member of the Company's Board of Directors,
resigned from those positions and from any other positions held as directors or
officers of any of the Matlack Entities. Mr. Judge tendered his resignation upon
the approval by the Bankruptcy Court of the application of the Matlack Entities
to convert the Bankruptcy Proceedings into a voluntary liquidation under the
Chapter 7 of the United States Bankruptcy Code, and his resignation will take
effect upon the entry by the Bankruptcy Court of an order effecting the
conversion.
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 hereunto duly authorized.
MATLACK SYSTEMS, INC.
Dated: October 17, 2002 By: /s/ Stephen E. Judge
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Stephen E. Judge
Chief Reorganization Officer