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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: November 14, 1996
Date of earliest event reported: November 1, 1996
ASHLAND INC.
(Exact name of registrant as specified in its charter)
Kentucky
(State or other jurisdiction of incorporation)
1-2918 61--0122250
(Commission File Number) (I.R.S. Employer
Identification No.)
1000 Ashland Drive, Russell, Kentucky 41169
(Address of principal executive offices) (Zip Code)
P.O. Box 391, Ashland, Kentucky 41114
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code (606) 329-3333
Item 5. Other Events
On November 1, 1996, the Registrant issued a press release announcing
that Providence Capital, Inc., a small New York-based financial firm and a
stockholder of record of 100 Ashland Inc. (NYSE:ASH) common shares, has
given formal notice to Ashland that they have nominated three individuals
for election to Ashland's board of directors at the 1997 Annual
Shareholders Meeting, to be held on January 30, 1997.
The foregoing summary of the attached press release is qualified in
its entirety by the complete text of such document, a copy of which is
attached hereto.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99 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 hereunto duly authorized.
ASHLAND INC.
------------------------------
(Registrant)
Date: November 14, 1996 /s/ James G. Stephenson
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Name: James G. Stephenson
Title: Vice President-Law
EXHIBIT INDEX
EXHIBIT NUMBER PAGE NO.
99 Press Release of the Registrant 5
dated November 1, 1996
FOR FURTHER INFORMATION:
Stan Lampe
(606) 329-4061 - Office
(606) 329-9365 - Home
FOR IMMEDIATE RELEASE
November 1, 1996
Ashland Inc. receives board nominations
Ashland, Ky. -- Providence Capital, Inc., a New York-based financial
firm and a stockholder of record of 100 Ashland Inc. (NYSE:ASH) common
shares, has given formal notice to Ashland that they have nominated three
individuals for election to Ashland's board of directors at the 1997 annual
shareholders meeting, to be held on Jan. 30, 1997.
Providence Capital identified the nominees as: Lawrence G.
Schafran, chairman of the executive committee of the Dart Group
Corporation, Landover, Md.; Kenneth A. Bouldin, president and chief
executive officer of Economic Technology Solutions, Inc., Nashville, Tenn.;
and Robert J. Slater, president, Jackson Consulting, Inc., New Canaan,
Conn.
Ashland Inc. is a large energy and chemical company engaged in
petroleum refining and marketing; coal; highway construction; and oil and
gas exploration and production. Ashland Chemical is the largest distributor
of chemicals and plastics in North America and a leading supplier of
specialty chemicals worldwide. Ashland's major consumer brands include
Valvoline-R- motor oils, Zerex-R- antifreeze and Pyroil-R- automotive
chemicals. As one of the largest independent refiners in the nation,
Ashland is also a leading regional gasoline marketer, with products
marketed under the SuperAmerica-R- and Ashland-R- brand names.
Ashland's Internet address is http://www.ashland.com
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