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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) -- March 7, 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 March 7, 1996, MAPCO Inc. issued the following press release:
SEMINOLE PIPELINE CO., MID-AMERICA PIPELINE CO. AND MAPCO INC.
PLAN TO FILE FOR NEW TRIAL AFTER BRENHAM JUDGMENT
Tulsa, OK, March 7, 1996: On March 5, a judgment was entered in a state
district court in Houston, Texas, against Seminole Pipeline Co., Mid-America
Pipeline Co. and MAPCO Inc. in the Dallmeyer case.
The judgment, which relates to the April 7, 1992, explosion at the Seminole
Pipeline storage cavern near Brenham, Texas, totaled approximately $72 million
in actual damages, exemplary damages and interest, with only $5.4 million
coming from actual damages found by the jury.
Although the judgment entered by the court is substantially less than the
verdict determined by the jury, which was in excess of $143 million, the
defendants strongly believe that the judgment rendered remains excessive and
inappropriate. The defendants intend to seek a new trial and/or a significant
reduction in the amount of the judgment, and will also pursue an appeal, if
necessary.
No loss of life or serious personal injury is involved in this case. Only two
of the 20 plaintiffs were anywhere near the Brenham facility when the explosion
occurred. Neither of these plaintiffs required even first aid after the
explosion. This case is about claimed mental anguish connected with damage to
real property and improvements thereon.
Seminole does not deny responsibility for the explosion at the Brenham
facility. Well before this case went to trial, Seminole accepted full
responsibility for the tragic accident and expressed sincere and deep remorse
for the loss of life, injuries and damages caused by the accident. In
addition, Seminole and Mid-America Pipeline have renewed and upgraded their
commitment to safety, as evidenced by the complete, system-wide redesign and
implementation of safety systems, which in many cases sets the industry
standard. Following the accident, and before a cause of the accident was
determined, Seminole worked closely with the Red Cross, Washington County
Goodfellows and local officials to provide needed assistance to those affected
in the Brenham community.
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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: March 12, 1996
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