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
May 8, 2001
-------------------------------------------------------------------------------
(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 May 4, 2001 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 Registrant that it has increased prices on new
orders for certain of its products.
On May 7, 2001 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 Registrant that it intends to pay all previously
deferred dividends and accrued interest on its Convertible Preferred Securities
as well as to resume the regularly scheduled dividend payment, both on June 1,
2001 to holders of record on May 15, 2001.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
-------------- ----------------------------------------------------
99.1 Press Release dated May 4, 2001 issued by Registrant
99.2 Press Release dated May 7, 2001 issued by Registrant
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.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Joan H. Prusse
Joan H. Prusse
Vice President, Deputy General Counsel
and Secretary
Date: May 8, 2001
EXHIBIT 99.1
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 ANNOUNCES PRICE INCREASES
DENVER, COLORADO . . . May 4, 2001 . . . Titanium Metals Corporation ("TIMET")
(NYSE: TIE) announced selling price increases on new orders for certain grades
of commercially pure titanium and alloy titanium ingot, flatrolled, and forged
products. These price increases will generally range from 3% to 15% on
applicable products and reflect continued increases in certain manufacturing
costs, including raw materials and energy, as well as the need to provide for
increased capital investments. Additionally, TIMET will continue to reduce or
eliminate current pricing discounts on certain products.
The price increases are effective immediately, but will not apply to certain
industrial products or to orders under agreements with customers that include
specific provisions governing selling prices. TIMET is currently accepting
orders for delivery through the fourth quarter of this year. Except for
obligations under existing firm agreements, orders for delivery after the fourth
quarter will not be accepted until later this year.
Titanium Metals Corporation, headquartered in Denver, Colorado, is a leading
worldwide integrated 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 ANNOUNCES PAYMENT OF DEFERRED DIVIDENDS AND INTEREST ON
CONVERTIBLE PREFERRED SECURITIES
DENVER, COLORADO . . . May 7, 2001 . . . Titanium Metals Corporation ("TIMET")
(NYSE: TIE) announced today that on June 1, 2001 it intends to pay all
previously deferred dividends and accrued interest on its Convertible Preferred
Securities concurrent with the regularly scheduled dividend payment due on June
1, 2001, both to holders of record as of May 15, 2001.
Titanium Metals Corporation, headquartered in Denver, Colorado, is a leading
worldwide integrated 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