-----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, AbktdsGJ3jNRUhdOJLnvu9rh64CA+lMkWfdbjaIKKWZ4KuAqsb9g80q/4ylPm0oD cfVIj+pposbS/8uf9SMN0Q== 0000074778-98-000012.txt : 19980209 0000074778-98-000012.hdr.sgml : 19980209 ACCESSION NUMBER: 0000074778-98-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980205 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980206 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ORANGE & ROCKLAND UTILITIES INC CENTRAL INDEX KEY: 0000074778 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 131727729 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04315 FILM NUMBER: 98523993 BUSINESS ADDRESS: STREET 1: ONE BLUE HILL PLZ CITY: PEARL RIVER STATE: NY ZIP: 10965 BUSINESS PHONE: 9143526000 MAIL ADDRESS: STREET 1: ONE BLUE HILL PLAZA CITY: PEARL RIVER STATE: NY ZIP: 10965 FORMER COMPANY: FORMER CONFORMED NAME: ROCKLAND LIGHT & POWER CO DATE OF NAME CHANGE: 19681202 8-K 1 ` 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): February 5, 1998 ORANGE AND ROCKLAND UTILITIES, INC. (Exact name of Registrant as specified in its charter) Incorporated in New York 1-4315 13-1727729 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification Incorporation) Number) One Blue Hill Plaza, Pearl River, New York 10965 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (914) 352-6000 Items 1. - 4. Not Applicable. Item 5. Other Events On February 5, 1998, the Company issued the press release filed herewith as Exhibit 99. Item 6. Not Applicable. Item 7. Financial Statements and Exhibits Exhibit 99 - Press Release of the Company dated February 5, 1998. Item 8. Not Applicable. 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. ORANGE AND ROCKLAND UTILITIES, INC. By: /s/Robert J. McBennett Robert J. McBennett, Treasurer Dated: February 6, 1998 EXHIBIT INDEX Page Exhibit 99 Press Release of the Company dated February 5, 1998. EX-99 2 914-577-2430 Contact: Michael Donovan ORANGE AND ROCKLAND ELECTS NEW CHAIRMAN OF THE BOARD February 5, 1998 - Orange and Rockland's Board of Directors today elected Michael J. Del Giudice, 55, as Chairman of the Board, effective at the close of business today. Mr. Del Giudice succeeds H. Kent Vanderhoef, who will retire as a member of the Board pursuant to Board policy at the Company's Annual Meeting on April 8, 1998. Mr. Vanderhoef has been a director of the Company since 1976, and Chairman of the Board since 1994. He has served as chairman of the Executive Committee and as a member of both the Audit and the Compensation Committees. Mr. Del Giudice has been a member of the Orange and Rockland Board of Directors since 1988, and Chair of its Audit Committee since 1993. He is Managing Director of Millennium Capital Markets, LLC, an investment banking firm headquartered in New York City. Prior to assuming his current position in 1996, Mr. Del Giudice was a Managing Director and Partner of Lazard Freres & Co., LLC, the New York-based investment banking firm, from 1985 to 1996. During 1981 to 1983, he was Senior Vice President of Shearson Loeb Rhodes & Co. Long active in civic and governmental activities, Mr. Del Giudice is the current Chair-man of the Governor's Committee on Scholastic Achievement. During the years 1983 to 1985, he was Chief of Staff to the Governor of New York. Other governmental positions include Director of State Operations to the Governor (1979-1981) and Chief of Staff to the New York Assembly Speaker (1975-1979). The assumption of the chairman's duties by Mr. Del Giudice from Mr. Vanderhoef reflects the Board's deliberate plan to ensure a smooth transition of responsibilities. Mr. Vanderhoef noted that in July 1994, the Board had determined that the position of Chairman shall be held by an outside director. D. Louis Peoples, Orange and Rockland's present Vice Chairman and Chief Executive Officer, will continue in both those capacities. In assuming the Board chairmanship of the $649 million (1997 consolidated revenue) electric and gas utility, Mr. Del Giudice noted the enormous changes occurring as deregulation and industry restructuring take place. "I look forward to making my contribution to our achieving success in this new environment." Orange and Rockland serves an area of 1,350 square miles and an estimated population of 671,000 in southeastern New York State, northern New Jersey and northeastern Pennsylvania. It generates, distributes and sells electricity, and distributes and sells natural gas. -----END PRIVACY-ENHANCED MESSAGE-----