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 21, 2004
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in its Charter)
| Delaware | 1-13782 | 25-1615902 | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 1001 Air Brake Avenue, Wilmerding, Pennsylvania | 15148 | |||
| (Address of Principal Executive Offices) | (Zip Code) |
Registrant’s Telephone Number, Including Area Code (412)-825-1000
| Item 5. | Other Items. |
By press release dated May 21, 2004, Westinghouse Air Brake Technologies Corporation (the “Corporation”) announced that Gregory T. H. Davies, its President and Chief Executive Officer, and a Member of the Board of Directors, is resigning due to health reasons.
| Item 7. | Financial Statements; Proforma Financial Information and Exhibits. |
(c) Exhibits.
| Exhibit No. |
Description | |
| Exhibit 99.1 | Press release dated May 21, 2004 regarding the matter referenced in Item 5. | |
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.
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION (Registrant) | ||||
| By: |
/s/ ALVARO GARCIA-TUNON | |||
| Name: |
Alvaro Garcia-Tunon | |||
| Date: May 24, 2004 |
Title: |
Chief Financial Officer | ||
EXHIBIT INDEX
| Exhibit Number |
Description and Method of Filing | |
| Exhibit 99.1 | Press release dated May 21, 2004, filed here with. | |
Exhibit 99.1
 |
1001 Air Brake Avenue Wilmerding, PA 15148 Phone: 412.825.1543 Fax: 412.825.1789 |
 |
Contact: Tim Wesley at (412) 825-1543
Wabtec CEO Greg Davies Stepping Down Due To Health Reasons;
Chairman Bill Kassling Named CEO
WILMERDING, Pa., May 21, 2004 — Wabtec Corporation (NYSE: WAB) today announced that Gregory T.H. Davies, the company’s president and chief executive officer and a board member, is stepping down due to health reasons. Wabtec Chairman William E. Kassling has been named the company’s president and CEO. Kassling served previously as CEO from 1990-2001.
Davies joined Wabtec in 1998 as president and chief operating officer. He was elected to the board in 1999 and named CEO in 2001, succeeding Kassling. Two months ago, Davies was diagnosed with a malignant brain tumor.
“I’m very grateful for the support and encouragement I’ve received from everyone within and connected to Wabtec during these past few weeks,” Davies said. “In the past six years, we have built a very capable and talented management team, and I’m confident the company is in good hands.”
“I want to thank Greg for what he has done for me personally, and for his many valuable contributions to Wabtec,” Kassling said. “In his role, Greg led us successfully through the toughest rail supply market in 20 years and took many actions to position Wabtec for growth. Under his leadership, the company broadened and strengthened its commitment to lean manufacturing, initiated processes for corporate strategic planning and product development, and reduced its debt to the lowest level since going public. The management structure he built gives us a solid foundation for the future and will stand the test of time. Wabtec is truly a better company today, thanks to Greg’s presence and leadership.”
Wabtec Corporation (www.wabtec.com) is one of North America’s largest providers of value-added, technology-based products and services for the rail industry.
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