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
January 12, 2001
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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
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(Former name or address, if changed since last report)
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Item 5: Other Events
On January 12, 2001 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 regarding selling price
increases on certain products.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Press Release dated January 12, 2001 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
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Robert E. Musgraves
Executive Vice President and
General Counsel
Date: January 12, 2001
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EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT:
Titanium Metals Corporation Mark A. Wallace
1999 Broadway, Suite 4300 Executive Vice President &
Denver, Colorado 80202 Chief Financial Officer
(303) 296-5615
TIMET ANNOUNCES PRICE INCREASES
DENVER, COLORADO . . . January 12, 2001 . . . Titanium Metals Corporation
("TIMET") (NYSE: TIE) announced selling price increases on new orders for
certain grades of commercially pure titanium and alloy titanium ingot,
flatrolled, and forged products. These price increases will generally range from
7% to 15% on applicable products and reflect increases in certain manufacturing
costs, including raw materials and energy, as well as a need to improve
financial performance. Additionally, TIMET will reduce or eliminate current
pricing discounts on certain products.
The price increases are effective immediately, but will not apply to
certain industrial products or to orders under agreements with customers that
include specific provisions governing selling prices. TIMET is currently
accepting orders for delivery through the third quarter of this year. Except for
obligations under existing firm agreements, orders for delivery after the third
quarter will not be accepted until later this year.
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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