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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 3, 2001
CROWN CENTRAL PETROLEUM CORPORATION
(Exact name of registrant as specified in its charter)
Maryland 1-1059 52-0550682
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One North Charles Street
Baltimore, Maryland 21201
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(410)539-7400
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Item 5. Other Events
Crown Central Petroleum Corporation announced today that it has
reached a second tentative collective bargaining agreement with the
Paper, Allied-Industrial, Chemical, and Energy Workers International
Union (PACE).
Crown and PACE previously announced a tentative agreement on
October 11, 2000, but the measure failed to receive the necessary votes
when it was considered on October 18, 2000 by the local bargaining
unit, Local 4-227, at Crown's Pasadena, Texas refinery. The agreement
announced today is also subject to ratification by Local 4-227.
If the agreement is approved, PACE will cease all boycott
activities, resolve all litigation with Crown, and end the "corporate
campaign" against the Company that was initiated by its affiliate, the
Oil, Chemical, and Atomic Workers Union. In addition, the collective
bargaining agreement would bring an end to the lockout of the
bargaining unit employees at the Pasadena refinery, which began in
February 1996. Crown and PACE have also agreed to the terms governing
the return to work of bargaining unit members following ratification of
the collective bargaining agreement.
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Item 7(c) EXHIBITS
Exhibit No. Description
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99 Press Release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized.
CROWN CENTRAL PETROLEUM CORPORATION
(Registrant)
By: /s/ John E. Wheeler, Jr.
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Name: John E. Wheeler, Jr.
Title: Executive Vice President --
Chief Financial Officer
Dated: January 3, 2001
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EXHIBIT INDEX
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Exhibit No. Description
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99 Press Release.
