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
July 9, 2002
--------------------------------------------------------------------------------
(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
--------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
--------------------------------------------------------------------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(303) 296-5600
-------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
Not Applicable
-------------------------------------------------------------------------------
(Former name or address, if changed since last report)
Item 5: Other Events
On July 1, 2002 the Registrant issued the press release attached hereto as
Exhibit 99.1, which is incorporated herein by reference. The press release
relates to an announcement by the Registrant of an agreement to extend an
existing contract with the United Steelworkers of America (Local 5644) by three
days.
On July 3, 2002 the Registrant issued the press release attached hereto as
Exhibit 99.2, which is incorporated herein by reference. The press release
relates to an announcement by the Registrant that hourly workers at its Toronto,
Ohio facility have ratified a new three-year collective bargaining agreement.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
-------- ------------------------------------------------------
99.1 Press Release dated July 1, 2002 issued by Registrant.
99.2 Press Release dated July 3, 2002 issued by Registrant.
SIGNATURES
Pursuant to the requirements ofthe Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Robert E. Musgraves
---------------------------------------------
Robert E. Musgraves
Executive Vice President and General Counsel
Date: July 9, 2002
EXHIBIT 99.1
PRESS RELEASE
FOR RELEASE 7AM EDT, 7/1/02 Contact:
---------------------------
Titanium Metals Corporation Mark A. Wallace
1999 Broadway, Suite 4300 Executive Vice President &
Denver, Colorado 80202 Chief Financial Officer
(303) 296-5615
TIMEt and united steelworkers extend TORONTO contract
DENVER, COLORADO . . . . July 1, 2002 . . . . Titanium Metals Corporation
("TIMET") (NYSE: TIE) announced that the Company and the United Steelworkers of
America (Local 5644), representing TIMET's Toronto, Ohio facility, have agreed
to extend their existing contract by three days in order to give union members
the opportunity to vote on the terms of a new three year agreement offered by
the Company. The existing agreement, previously scheduled to expire at midnight
June 30, 2002, has now been extended to midnight, July 3, 2002. The union
represents approximately 400 production, maintenance, clerical and technical
workers at the Ohio facility.
Titanium Metals Corporation, headquartered in Denver, Colorado, is a
leading worldwide producer of titanium metal products. Information on TIMET is
available on the world wide web at http://www.timet.com/.
o o o o o
EXHIBIT 99.2
PRESS RELEASE
FOR IMMEDIATE RELEASE Contact:
Titanium Metals Corporation Mark A. Wallace
1999 Broadway, Suite 4300 Executive Vice President &
Denver, Colorado 80202 Chief Financial Officer
(303) 296-5615
TIMET AND UNITED STEELWORKERS REACH NEW LABOR AGREEMENT
DENVER, COLORADO . . . July 3, 2002 . . . Titanium Metals Corporation
("TIMET") (NYSE: TIE) announced that hourly workers at its Toronto, Ohio
facility have ratified a new three-year collective bargaining agreement.
Approximately 400 production, maintenance, clerical and technical workers at the
plant are represented by the United Steelworkers of America (Local 5644).
The new contract provides for increases in wages and pensions over its
term. The agreement also includes a number of work-rule changes allowing for
increased work place flexibility to help the Company reduce costs and improve
efficiency.
Titanium Metals Corporation, headquartered in Denver, Colorado, is a
leading worldwide producer of titanium metal products. Information on TIMET is
available on the world wide web at http://www.timet.com/.
o o o o o