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)
JUNE 7, 2004
CLARCOR INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
Delaware 1-11024 36-0922490
---------------------------- ---------------- ----------------------
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
2323 Sixth Street, P.O. Box 7007, Rockford, Illinois, 61125
------------------------------------------------------------
(Address of principal executive offices)
815-962-8867
---------------------------------
(Registrant's telephone number,
including area code)
N/A
--------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report).
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
Effective June 7, 2004, Mr. Robert H. Jenkins replaced Paul Donovan as a member
of the Audit Committee of CLARCOR. Mr. Donovan stepped down from the Audit
Committee based on a determination, after further review, that he is not an
independent director of CLARCOR under the recently revised New York Stock
Exchange rules due to the employment of his son-in-law in a professional
capacity with CLARCOR's principal external auditor. The revised NYSE director
independence rules, which first became effective with respect to CLARCOR at the
time of its annual meeting on March 22, 2004, preclude Mr. Donovan from serving
on the Audit Committee notwithstanding that his son-in-law is not a member of
the external audit team or involved in providing any audit or non-audit services
to CLARCOR. Mr. Donovan will continue to serve CLARCOR as a valued member of its
Board of Directors.
Mr. Jenkins, an independent member of the Board of Directors first elected to
the Board on March 23, 1999, and a current member of CLARCOR's Compensation
Committee, has served previously as the Chairman of Hamilton Sundstrand
Corporation (formerly Sundstrand Corporation) and Chairman, President and Chief
Executive Officer of Sundstrand Corporation. He will join Robert J. Burgstahler
and Keith E. Wandell on the Audit Committee, with Mr. Burgstahler continuing in
the capacity of Audit Committee financial expert and chairman.
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.
CLARCOR INC.
June 8, 2004 By: /s/ Norman E. Johnson
---------------------------------
Chairman of the Board, President &
Chief Executive Officer