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
September 2, 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)
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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 September 2, 1998, 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 announcement that its Board of Directors has
authorized the repurchase of up to four million shares of its Common Stock in
open market transactions, including block purchases, or in privately negotiated
transactions.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
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Item No. Exhibit List
99.1 Press release dated September 2, 1998 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/ Robert E. Musgraves
Robert E. Musgraves
Vice President, General Counsel
and Secretary
Date: September 2, 1998
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PRESS RELEASE
For Immediate Release For Further Information
Contact:
Titanium Metals Corporation J. Landis Martin
1999 Broadway Suite 4300 Chairman and CEO
Denver, Colorado 80202 303-296-5600
TIMET ANNOUNCES COMMON STOCK REPURCHASE PROGRAM
DENVER, COLORADO_September 2, 1998_Titanium Metals Corporation ("TIMET")
(NYSE: TIE) announced today that its Board of Directors has authorized the
repurchase of up to four million shares of its Common Stock in open market
transactions, including block purchases, or in privately negotiated
transactions. Such shares represent approximately 13% of the Company's 31.5
million shares currently outstanding. The stock may be purchased from time to
time as the Company's financial condition and market conditions permit.
The repurchase program does not include specific price targets or
timetables and may be suspended at any time. Depending upon financial and
market conditions, the program could be terminated prior to completion. TIMET
will use its cash on hand and available borrowings to acquire the shares.
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TIMET, 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/.
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