TITANIUM METALS CORP
8-K, 1996-10-04
SECONDARY SMELTING & REFINING OF NONFERROUS METALS
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                       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



                                  October 4, 1996                
               -------------------------------------------------
               (Date of Report, date of earliest event reported)



                            TITANIUM METALS CORPORATION                
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)



      Delaware                 333-2940                          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)





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<PAGE>   2
Item 5:  Other Events

         On October 2, 1996, the Registrant issued the press release
attached hereto as Exhibit 99.1, which is incorporated herein by reference.
The press release relates to the Registrant's  Acquisition of Axel Johnson
Metals and Titanium Hearth Technologies.



Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits

   Exhibits                 
   --------                 
                            
   Item No.                            Exhibit List                          
   --------        --------------------------------------------------------  
     99.1          Press release dated October 2, 1996 issued by Registrant. 





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                                   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/ John R. Burt        
                                                 ------------------------
                                                 John R. Burt
                                                 Corporate Attorney
                                                    and Assistant Secretary




Date: October 4, 1996





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<PAGE>   4
                                 EXHIBIT INDEX



EXHIBIT
  NO.            DESCRIPTION
- -------          -----------
 99.1            Press Release dated October 2, 1996 issued by Registrant.





                                      -4-

<PAGE>   1
                                                                    EXHIBIT 99.1



                                 PRESS RELEASE


FOR IMMEDIATE RELEASE                                   CONTACT:

Titanium Metals Corporation                             Joseph S. Compofelice
1999 Broadway, Suite 4300                               (713) 423-3303
Denver, Colorado   80202


                         TIMET COMPLETES ACQUISITION OF
              AXEL JOHNSON METALS AND TITANIUM HEARTH TECHNOLOGIES


         DENVER, COLORADO . . . .October 2, 1996 . . . . Titanium Metals
Corporation (TIMET) (NASDAQ:TIMT) has completed the previously announced
acquisition of substantially all of the assets of Axel Johnson Metals, Inc., a
wholly owned subsidiary of Axel Johnson Inc., headquartered in Stamford,
Connecticut.

         The assets of Axel Johnson Metals include the 50% equity interest in
Titanium Hearth Technologies (THT) not already owned by TIMET.  THT is the
world leader in electron beam cold hearth melting technology, with facilities
in Pennsylvania and Nevada.  The other assets acquired include melting and
scrap processing operations for titanium and other specialty metals which are
located in Pennsylvania and California.

         TIMET is a world leader in the production of titanium metal products.


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