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
________________
MARCH 12, 1998
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
NIAGARA CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
DELAWARE 0-22206 59-3182820
(State of Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
667 MADISON AVENUE
NEW YORK, NEW YORK
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
10021
(ZIP CODE)
(212) 317-1000
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
NOT APPLICABLE
(FORMER NAME OR FORMER ADDRESS, IF CHANGED
SINCE LAST REPORT)
ITEM 5. OTHER EVENTS.
On March 12, 1998, Douglas T. Tansill joined the board of
directors of Niagara Corporation (formerly International Metals Acquisition
Corporation), a Delaware corporation (the "Registrant"). In addition, on
March 12, 1998, the Registrant named Raymond Rozanski as a Vice President
and its Chief Financial Officer and Treasurer. Mr. Rozanski replaces
Gilbert Scharf who remains a Director and the Secretary of the Registrant.
Mr. Rozanski is also the Executive Vice President of, and holds other
positions with, both Niagara LaSalle Corporation and LaSalle Steel Company
which are subsidiaries of the Registrant. Copies of the Registrant's press
releases with respect to the foregoing are attached hereto as Exhibits 99.1
and 99.2.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.
(c) Exhibits.
99.1 Press Release dated March 13, 1998.
99.2 Press Release dated March 13, 1998.
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.
NIAGARA CORPORATION
By:/s/ Marc J. Segalman
__________________________
Name: Marc J. Segalman
Title: Vice President
Date: March 26, 1998
EXHIBIT INDEX
Exhibit No. Description Page No.
99.1 Press Release dated March 13, 6
1998.
99.2 Press Release dated March 13, 8
1998.
EXHIBIT 99.1
LOGO
Contact: Niagara Corporation
Michael Scharf, CEO
(212) 317-1000
For Immediate Release
DOUGLAS TANSILL JOINS NIAGARA CORPORATION BOARD
New York, March 13, 1998 - Niagara Corporation (Nasdaq:NIAG) announced
today that Douglas T. Tansill has joined its Board of Directors. Mr.
Tansill is a Managing Director at Paine Webber Incorporated and heads the
Transportation Group in the Investment Banking Division.
Niagara is the largest independent cold finished bar producer in the
United States with facilities in Buffalo, New York; Chattanooga, Tennessee;
Hammond and Griffith, Indiana; and Midlothian, Texas.
EXHIBIT 99.2
LOGO
Contact: Niagara Corporation
Michael Scharf, CEO
(212) 317-1000
For Immediate Release
RAYMOND ROZANSKI NAMED CHIEF FINANCIAL OFFICER
OF NIAGARA CORPORATION
New York, March 13, 1998 - Niagara Corporation (Nasdaq:NIAG) announced
today that Raymond Rozanski has been named a Vice President of Niagara and
its Chief Financial Officer. Mr. Rozanski is also the Executive Vice
President of both Niagara LaSalle Corporation and LaSalle Steel Company,
which are subsidiaries of Niagara Corporation.
Niagara is the largest independent cold finished bar producer in the
United States with facilities in Buffalo, New York; Chattanooga, Tennessee;
Hammond and Griffith, Indiana; and Midlothian, Texas.
