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
August 4, 1998
(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)
<PAGE>
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 August 4, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. Exhibit 99.1
relates to the Registrant's resumption of titanium sponge operations in its
Henderson, NV facility after a minor fire.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
<PAGE>
99.1 Press release dated August 4, 1998 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/ Andrew R. Dixey
Andrew R. Dixey
President and Chief Operating Officer
Date: August 5, 1998
<PAGE>
<PAGE>
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation J. Thomas Montgomery, Jr.
1999 Broadway, Suite 4300 Vice President - Finance
Denver, Colorado 80202 (303) 296-5617
TIMET RESUMES TITANIUM SPONGE OPERATIONS AFTER MINOR FIRE
HENDERSON, NEVADA _ August 4, 1998 _ Titanium Metals Corporation (TIMET)
(NYSE:TIE) reopened its titanium operations here about 4 a.m. today after a fire
earlier in the morning damaged the plant's sponge vacuum distillation process
area. Damage has been initially estimated at approximately $300,000.
No one was injured. Safety procedures that plant safety managers, the City
of Henderson and the Clark County fire departments have jointly developed were
quickly put into place once the fire began and at no point was the public in any
danger.
A preliminary investigation by TIMET safety managers shows that the fire,
which began about 12:30 a.m., was caused when a pipe used to move molten
magnesium from one container to another became plugged, which caused a minor
fire.
The fire also damaged a motorized cart in addition to some tires, which
caused most of the smoke visible to the public. Firefighters worked for about
two hours before the fire was contained.
<PAGE>
"The entire plant was evacuated and the fire department was notified," said
Plant Manager John Sanderson. "We train our employees continually in the safe
procedures necessary to operate our plant. Our employees and local firefighters
reacted quickly to ensure the safety of the public and the TIMET plant."
TIMET's Henderson plant, which opened in 1950, has a workforce of 660
employees.
TIMET, headquartered in Denver, Colorado, is a leading worldwide integrated
producer of titanium metal products.
oo o o o
<PAGE>
