8-K

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):  February 28, 2005

KAISER GROUP HOLDINGS, INC.

(successor issuer to Kaiser Group International, Inc.)

(Exact name of registrant as specified in its charter)

Delaware	File No. 1-12248	54-2014870
(State or other	(Commission File	(IRS Employer
jurisdiction of	Number)	Identification No.)
incorporation)

9300 Lee Highway

Fairfax, Virginia 22031-1207

(Address of principal executive offices, including zip code)

703-934-3413

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01                Other Events

                In a press release dated February 28, 2005, Kaiser Group Holdings, Inc. announced that Frank E. Williams, Jr. has been elected as Chairman of the Board effective February 24th to fill the vacancy created by the resignation of James J. Maiwurm.  Mr. Williams has been a member of the Board of Directors of the Company since 2002. A copy of the Registrant’s press release is attached to this Report on Form 8-K as Exhibit 20.

Item 9.01                Financial Statements and Exhibits

Exhibit 20 — Press release of Kaiser Group Holdings, Inc. dated February 28, 2005

SIGNATURES

             Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

		KAISER GROUP HOLDINGS, INC.
		(Registrant)
		/s/ Douglas W. McMinn
		Douglas W. McMinn
		President and Chief Executive Officer
Date:	February 28, 2005

EX-20

Exhibit 20

FOR IMMEDIATE RELEASE	Press and Investor Contact:
	Douglas W. McMinn
	703/934-3655

KAISER GROUP ANNOUNCES FRANK E. WILLIAMS, JR.

AS CHAIRMAN OF THE BOARD

FAIRFAX, VA, February 28, 2005 — Kaiser Group Holdings, Inc. (Pink Sheets: KGHI and KGHIP) announced today that Frank E. Williams, Jr. has been elected as Chairman of the Board effective February 24^th to fill the vacancy created by the resignation of James J. Maiwurm.  Mr. Williams has been a member of the Board of Directors of the Company since 2002.  He is Chairman and Principal Owner of Williams Enterprises of Georgia, Inc.

_________________________________________________________________________________________________________

This release contains, and our periodic filings with the Securities and Exchange Commission and written or oral statements made by our officers and directors to press, potential investors, securities analysts and others, may contain, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.  These forward-looking statements are not historical facts, but rather are predictions and generally can be identified by use of statements that include phrases such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “foresee” or other words or phrases of similar import.  Similarly, statements that describe or contain information related to matters such as our intent, belief, or expectation with respect to financial performance, claims resolution, cash availability, stock redemption plans, contract awards and performance, potential acquisitions and joint ventures, and cost-cutting measures are forward-looking statements. These forward-looking statements often reflect a number of assumptions and involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those currently anticipated in these forward-looking statements.  In light of these risks and uncertainties, the forward-looking events might or might not occur.