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UNITED STATES
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): August 20, 1999 (August 18,
1999)
NATIONAL STEEL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of 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 August 18, 1999 announcing
the dismissal of securities lawsuit. 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 August 18, 1999.
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: August 20, 1999 By: /s/Glenn H. Gage
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Glenn H. Gage
Senior Vice President and Chief Financial
Officer
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Exhibit 99.1
News Release
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Media Contact: Clarence Ehlers
(219) 273-7327
Analyst/Investor Contact: Joseph A. Rainis
(219) 273-7158
NATIONAL STEEL ANNOUNCES DISMISSAL OF SECURITIES LAWSUIT
Mishawaka, IN, August 18, 1999 -- National Steel Corporation (NYSE: NS) today
announced that the U.S. District Court for the Northern District of Indiana
entered an order granting the defendants' motion to dismiss the previously
announced lawsuit that alleged violations of the federal securities laws. The
complaint against the Company, its majority stakeholder, NKK U.S.A. Corporation,
Osamu Sawaragi, the Company's former chairman and chief executive officer, and
another former officer of the Company was filed initially in May 1998. The
complaint was amended in April 1999 after defendants' motion to dismiss the
original complaint was granted with leave to amend.
The defendants' motion to dismiss the amended complaint was granted without
leave to amend. The plaintiff has the right to appeal the Court's ruling. The
complaint had sought class action status and generally related to the Company's
restatement of financial statements for certain prior periods which was
announced in October 1997.
Headquartered in Mishawaka, Indiana, National Steel Corporation 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
9,200 employees. Visit National Steel's website at: www.nationalsteel.com.
