________________________________________________________________________
________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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 17, 1994
SOUTHDOWN, INC.
(Exact name of registrant as specified in its charter)
Louisiana 1-6117 72-0296500
(State or other (Commission) (I.R.S. Employer
jurisdiction File Identification
of Number) No.)
incorporation
or organization)
1200 Smith Street
Suite 2400
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (713) 650-6200
_________________________________________________________________________
_________________________________________________________________________
Item 5. Other Events
On November 17, 1994, Southdown, Inc. announced that it will
exit the environmental services business. The Company plans to sell its
three remaining hazardous waste processing facilities and to cease all
burning of hazardous waste in its cement kilns by the end of 1995.
As a result of this decision, Southdown's results for the year
ended December 31, 1994 will include an after-tax charge estimated at
between $20 million and $25 million, or $1.12-$1.40 per share. The charge
will include the difference between the book value of the environmental
services assets and the estimated proceeds from asset sales, as well as the
costs to exit the business and estimated losses to be incurred prior to the
sale of assets. The charge, as well as the previous results from the
Environmental Services segment, will be shown in the Company's financial
reports as discontinued operations.
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.
____________________________
SOUTHDOWN, INC.
(Registrant)
____________________________
Date: November 21, 1994 By: JAMES L. PERSKY
James L. Persky
Executive Vice President-
Finance and Administration
(Principal Financial Officer)<PAGE>
