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
December 22, 1997
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On December 22, 1997, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release announces that the Registrant has entered into a long-term agreement for
the purchase of titanium sponge from Specialty Metals Company of Belgium.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
99.1 Press release dated December 22, 1997 issued by
Registrant.
SIGNATURES
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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
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Joan H. Prusse
Assistant General Counsel
and Assistant Secretary
Date: December 22, 1997
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT:
TITANIUM METALS CORPORATION JOE COMPOFELICE
1999 BROADWAY, SUITE 4300 CHIEF FINANCIAL OFFICER
DENVER, COLORADO 80202 281-423-3303
TIMET STRIKES LONG-TERM DEAL FOR SPONGE
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DENVER, COLORADOYDecember 22, 1997YTitanium Metals Corporation (TIMET)
(NASDAQ:TIMT) announced today that it has entered into a long-term agreement for
the purchase of titanium sponge from Specialty Metals Company of Belgium. The
sponge will be produced for Specialty Metals by Ust-Kamenogorsk Titanium and
Megnesium Plant in Kazakhstan, which is managed by SMC under contract.
The agreement is for ten years, with firm pricing for the first five years
(subject to certain adjustments). Volumes purchased under the contract will be
up to 10,000 metric tons of sponge annually.
J. Landis Martin, Chairman and Chief Executive Officer of TIMET noted, AWe
are very pleased to have concluded this important supply arrangement with
Specialty Metals Company for the supply of Ust-Kamenogorsk Sponge. This will
help to assure TIMET of adequate supplies of raw material to support our long-
term agreements with our important aerospace customers, as well as our efforts
to promote the market for emerging uses.@
TIMET, headquartered in Denver, Colorado is a leading worldwide integrated
producer of titanium metals products.
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