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FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 16, 1998
METALLURG, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 13-1661467
(State or Other (IRS Employer
Jurisdiction of Identification Number)
Incorporation)
6 East 43rd Street
New York, New York 10017
(Address of Principal Executive Offices)(Zip Code)
Registrant's telephone number, including area code:
(212)835-0200
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ITEM 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANTS
(a), (b) On November 16, 1998, Metallurg, Inc. replaced its independent
certifying accountants, Deloitte & Touche LLP, with PricewaterhouseCoopers LLP.
Deloitte & Touche LLP did not resign as Metallurg, Inc.'s independent certifying
accountants. The decision to change accountants was recommended and approved by
the board of directors of Metallurg, Inc. based upon an interview process in
order to select one accounting firm to represent both Metallurg, Inc. and its
parent, Metallurg Holdings, Inc. Deloitte & Touche LLP's reports on Metallurg,
Inc.'s financial statements for each of the past two years did not contain an
adverse opinion or a disclaimer of opinion and such reports were not qualified
or modified as to uncertainty, audit scope, or accounting principles, although
the report with regard to the financial statements for the 1996 fiscal year
contained an explanatory note relating to Metallurg, Inc.'s bankruptcy and a
paragraph discussing a change in accounting principles resulting from the
bankruptcy, and the report with regard to the financial statements for the 1997
fiscal year contained an explanatory note relating to the April 1997
confirmation of Metallurg, Inc.'s plan of reorganization and a paragraph
discussing a change in accounting principles resulting from the reorganization.
During Metallurg, Inc.'s two most recent fiscal years and all interim periods
preceding the date of the change in accountants, there were no disagreements
between Metallurg, Inc. and Deloitte & Touche LLP on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of Deloitte
& Touche LLP, would have caused it to make reference to the subject matter of
the disagreements in connection with its report.
ITEM 5. OTHER EVENTS
Effective as of August 10, 1998, Nils Kindwall was appointed as a
director of Metallurg, Inc. and effective as of November 20, 1998, Samuel A.
Plum and Jack L. Messman were appointed as directors of Metallurg, Inc.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
(16) Letter re change in certifying accountant.
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, thereunto duly authorized.
METALLURG, INC.
Date: December 3, 1998 By: /s/ Barry C. Nuss
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Name: Barry C. Nuss
Title: Vice President, Finance and
Chief Financial Officer
2
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Exhibit 16
November 18, 1998
Securities and Exchange Commission
Mail 9-5
450 5th Street, N.W.
Washington, D.C. 20549
Dear Sirs/Madams:
We have read and agree with the comments in Item 4 of Form 8-K of Metallurg,
Inc. dated November 16, 1998.
Yours truly,
/s/ Deloitte & Touche LLP
cc: Mr. Barry C. Nuss
Metallurg, Inc.