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
Date of Report (Date of earliest event reported) November 10, 1995
Lone Star Industries, Inc.
(Exact name of registrant as specified in its charter)
Delaware 1-2333 13-0982660
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
300 First Stamford Place, P. O. Box 120014, Stamford, CT 06912-0014
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (203) 969-8600
ITEM 5. OTHER EVENTS.
On November 10, 1995 Lone Star Industries, Inc. made public
disclosure of the following by a press release for immediate release:
Stamford, Connecticut, November 10, 1995 --- The Board of
Directors of Lone Star Industries, Inc. (NYSE/LCE) declared a
regular quarterly cash dividend of $0.05 per share on the
Company's common stock. The dividend is payable December 15, 1995
to stockholders of record December 1, 1995.
The Board also authorized the expenditure of up to $20 million for
the repurchase of the Company's common stock. The purchases are
to be made from time to time at prices prevailing in the market or
in privately negotiated transactions. Based on the current market
value of the stock, this will allow the Company to repurchase up
to 7% of the 12.1 million shares outstanding. The shares
repurchased will be available for use under the Company's Stock
Option Plan.
In a separate action, the Company has been notified that the
Justice Department has closed its civil investigation concerning
price fixing and market allocation by cement sellers without
finding any wrongdoing.
Lone Star Industries, Inc. is a producer of cement, ready-mixed
concrete, sand and gravel, crushed stone, and other construction
materials.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, Lone Star Industries, Inc. has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
LONE STAR INDUSTRIES, INC.
By: /s/ James W. Langham
James W. Langham
Vice President
Date: November 13, 1995
