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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported) -- February 14, 1996
MAPCO INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-5254 73-0705739
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
1800 South Baltimore Avenue
Tulsa, Oklahoma 74119
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (918) 581-1800
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On February 14, 1996, MAPCO Inc. issued the following press
release:
Tulsa, OK, February 14, 1996: A civil jury in the Dallmeyer case in the
District Court of Harris County, Texas in Houston has returned verdicts on
February 12th and 14th respectively totaling nearly $5.4 million in actual
damages and $138 million in exemplary damages on behalf of 20 plaintiffs and
against defendants, Seminole Pipeline Company, Mid- America Pipeline Company
and MAPCO Inc. These verdicts relate to damages resulting from the April 7,
1992 explosion at Seminole Pipeline Company's storage cavern near Brenham,
Texas. Each defendant was found by the jury to be both grossly negligent and
acting with malice.
Defense counsel have indicated they will seek a new trial on both liability and
damages due to the excessive and inappropriate verdict.
Further, defense counsel have expressed the opinion that whether a new trial is
granted or not, the limit of liability may not exceed $27 million due to a cap
on such awards under Texas law.
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CONTACT: Rick J. Neal
Vice President Corporate Affairs
(918)599-3650
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
None.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
MAPCO INC.
By: /s/ James N. Cundiff
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Name: James N. Cundiff
Title: Assistant General Counsel and
Assistant Secretary
Date: February 20, 1996
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