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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 EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 15, 1997
NATIONAL STEEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction incorporation)
1-983 25-0687210
(Commission File Number) (IRS Employer Identification No.)
4100 Edison Lakes Parkway, Mishawaka, IN 46545-3440
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 219-273-7000
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ITEM 5. OTHER EVENTS
National Steel Corporation issued a press release on December 15, 1997
announcing that its Board of Directors has approved the termination of Mr. Carl
M. Apel as Vice President - Finance. A copy of this press release is attached
hereto as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1 Press release dated December 15, 1997.
SIGNATURE
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 hereunto duly authorized.
NATIONAL STEEL CORPORATION
Date: December 18, 1997 By: /s/John A. Maczuzak
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John A. Maczuzak
President and Chief Operating Officer
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Media Contact: Leon L. Judd
(219) 273-7631
Analyst/Investor Contact: Joseph A. Rainis
(219) 273-7158
NATIONAL STEEL ANNOUNCES TERMINATION
OF ITS VICE PRESIDENT - FINANCE
Mishawaka, IN, December 15, 1997 -- National Steel Corporation (NYSE: NS)
announced today that its Board of Directors has approved the termination of Mr.
Carl M. Apel as Vice President - Finance. This action was taken in connection
with the previously reported ongoing inquiry by the Audit Committee of the Board
of Directors into certain accounting and financial reporting matters, which
resulted in the restatements announced in the Company's third quarter 1997 Form
10-Q. To date, the inquiry has not identified any additional accounting matters
which require adjustment. Mr. Apel had held the position of Vice President -
Finance since April 1997, and served the Company in other capacities since 1986.
Mr. Michael D. Gibbons, earlier named Acting Chief Financial Officer while the
Company conducts a search to fill the position on a permanent basis, remains the
Company's acting senior financial officer.
Headquartered in Mishawaka, Indiana, National Steel is the nation's fourth
largest integrated steel company, with annual shipments of approximately six
million tons of flat rolled products. National Steel employs approximately
9,500 people. Visit National Steel's website at: www.nationalsteel.com.
