-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HcsQXr4yZat/LHiC98Xab1TJW8CCgIgn5sEXW3AWurr2xdDY5/3fBxG3ztmDzf6W GLvcfxtfkOR+5XXCpBwicQ== 0001109355-01-500015.txt : 20010517 0001109355-01-500015.hdr.sgml : 20010517 ACCESSION NUMBER: 0001109355-01-500015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010514 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010516 FILER: COMPANY DATA: COMPANY CONFORMED NAME: U S AGGREGATES INC CENTRAL INDEX KEY: 0001054422 STANDARD INDUSTRIAL CLASSIFICATION: MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400] IRS NUMBER: 570990958 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-15217 FILM NUMBER: 1641408 BUSINESS ADDRESS: STREET 1: 400 SOUTH EL CAMINO REAL, SUITE 500 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6506854880 8-K 1 form8k-ceo.txt FORM 8-K 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 (Date of earliest event reported) May 14, 2001 ---------------------------- U.S. AGGREGATES, INC. - -------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 001-15217 57-0990958 - -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) 400 SOUTH EL CAMINO REAL, SUITE 500, SAN MATEO, CA 94402 - -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) (650) 685-4880 - -------------------------------------------------------------------------------- (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) ITEM 5. OTHER EVENTS. Press Release Issued Announcing Stanford Springel as the New Chief Executive Officer. - -------------------------------------------------------------------------------- On May 14, 2001, U.S. Aggregates, Inc. (the "Company") issued a press release announcing that the Company's Board of Directors had named Stanford Springel as the Company's new Chief Executive Officer. Mr. Springel replaces James Harris who resigned as Chief Executive Officer. Mr. Harris will remain as Chairman of the Company's Board of Directors. The Company also announced that Morris Bishop would continue as the Company's President and Chief Operating Officer. A copy of the press release is attached hereto as Exhibit 99.1. ITEM 7. EXHIBITS Exhibit 99.1 Press Release 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. U.S. AGGREGATES, INC. Date: May 14, 2001 By: /s/ Stanford Springel ------------ -------------------------------- Stanford Springel Chief Executive Officer EX-99.1 2 pressrelease.txt PRESS RELEASE EXHIBIT 99.1 FOR IMMEDIATE RELEASE U.S. AGGREGATES' BOARD OF DIRECTORS NAMES STANFORD SPRINGEL CHIEF EXECUTIVE OFFICER San Mateo, CA., May 11, 2001 - The Board of Directors of U.S. Aggregates, Inc. (NYSE:AGA) announced today that it named Stanford Springel, 54, as the new Chief Executive Officer. Mr. Springel replaces James Harris who has served as the company's Chief Executive Officer since its founding in 1994. Mr. Harris will continue as the company's Chairman of the Board. In addition, Morris Bishop will continue to serve as the Company's President and Chief Operating Officer. Mr. Springel comes to U.S. Aggregates with more than fourteen years of experience with crisis management and financial turnarounds. Most recently, Mr. Springel served as a management consultant to Ogden Corporation, now Covanta Energy Corp. (NYSE: COV) as it restructured its businesses. From 1969-1986, Mr. Springel was employed in various financial management roles with General Electric Company In accepting his appointment, Mr. Springel said, "I am pleased with the opportunity to lead U.S. Aggregates. The company has concluded a year in which it faced many obstacles stemming from a very difficult economic environment, in addition to the financial performance issues detailed in the company's year 2000 10-K. However, combined with a strong core of valuable assets in strategic locations and a renewed focus on operations, I believe the Company is in a good position to return to profitability." Speaking of the management changes, James Harris, Chairman of the Board, said, "We are delighted to have Stan Springel at U.S Aggregates. The Board felt that the Company needed additional leadership to steer it through the current difficult period, and Stan has a well-established track record of guiding companies through such difficult environments. Combined with the industry experience and contacts of Morris Bishop, we feel that we have a strong management team in place." Founded in 1994, U.S. Aggregates, Inc. ("USAI ") is a leading producer of aggregates. Aggregates consist of crushed stone, sand and gravel. The Company's products are used primarily for construction and maintenance of highways and other infrastructure projects as well as for commercial and residential construction. USAI serves local markets in nine states in two fast growing regions of the U.S., the Mountain states and the Southeast. Certain matters discussed in this release contain forward-looking statements and information based on management's belief as well as assumptions made by and information currently available to management. Such statements are subject to risks, uncertainties and assumptions including, among other matters, future growth in the construction industry; the ability of U.S. Aggregates to complete and effectively integrate its acquired companies' operations; to fund its liquidity; and general risks related to the markets in which U.S. Aggregates operates. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those projected. Additional information regarding these risk factors and other uncertainties may be found in the Company's filings with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----