TITANIUM METALS CORP
8-K, 1999-05-14
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



                                May 12, 1999

               (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 May 12, 1999 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's declaration of a dividend and the
results of the election of directors at its annual meeting of shareholders.


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

     (c)  Exhibits

            Item No.    Exhibit List


<PAGE>

             99.1       Press release dated May 12, 1999 issued by Registrant  
             

<PAGE>


                                   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: May 12, 1999

<PAGE>


                                                        Exhibit 99.1
                                                        
                                 PRESS RELEASE



FOR IMMEDIATE RELEASE                      CONTACT:

Titanium Metals Corporation               J. Thomas Montgomery, Jr.
1999 Broadway, Suite 4300                 Vice President-Finance & Treasurer
Denver, Colorado  80202                   303-296-5600


                            TIMET DECLARES DIVIDEND


     DENVER, COLORADO . . . May 12, 1999 . . . Titanium Metals Corporation
(NYSE:TIE) announced today that its board of directors, at the board's
annual meeting, declared a regular quarterly dividend of four cents ($0.04)
per share of common stock, payable on June 15, 1999 to stockholders of
record as of the close of business on June 1, 1999.

     In addition, TIMET announced that at the annual meeting of
stockholders, TIMET stockholders re-elected J. Landis Martin, Joseph S.
Compofelice, Andrew R. Dixey, Edward C. Hutcheson, Jr., Glenn R. Simmons
and General Thomas P. Stafford as directors.

     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/.
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                                   .....
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