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SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: June 6, 1995
MORRISON KNUDSEN CORPORATION
Commission File Number 1-8889
A Delaware corporation
IRS Employer Identification No. 82-0393735
MORRISON KNUDSEN PLAZA, BOISE, IDAHO 83729
208/386-5000
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MORRISON KNUDSEN CORPORATION
COMMISSION FILE NUMBER 1-8889
ITEM 5. OTHER MATERIAL IMPORTANT EVENTS.
SALE OF MK GOLD COMPANY COMMON STOCK. On June 6, 1995, the Company announced
that it has completed the sale of all nine million shares of MK Gold Company
common stock held by the Company to Leucadia National Corporation. See the
press release which is attached hereto as Exhibit 1.
POSTPONED ANNUAL MEETING OF STOCKHOLDERS. The Company has postponed its Annual
Meeting of Stockholders of the Company pending filing of its Annual Report on
Form 10-K for the fiscal year ended December 31, 1994.
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 thereunto duly authorized.
MORRISON KNUDSEN CORPORATION
/s/ Stephen G. Hanks
June 9, 1995 By:
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Stephen G. Hanks
Executive Vice President and
Chief Legal Officer
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EXHIBIT 1
MORRISON KNUDSEN CORPORATION
Morrison Knudsen Plaza/P. O. Box 73 NEWS RELEASE
Boise, Idaho 83729
Telex: 368439/Phone: (208) 386-5000 For Further Information Contact:
Fax: (208) 386-5065 Corporate Communications
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FOR RELEASE:
JUNE 6, 1995
MORRISON KNUDSEN COMPLETES SALE OF
MK GOLD COMPANY SHARES
BOISE - Morrison Knudsen Corporation announced today that it has completed
the sale of all nine million shares of MK Gold Company common stock held by MK
to Leucadia National Corporation for $22.5 million in cash.
As a condition to the purchase of the shares, Leucadia National
purchased, at par, all of the Canadian Imperial Bank of Commerce's (CIBC)
interest in CIBC's $20 million credit facility with MK Gold, of which $15
million is currently outstanding, and released MK from its guarantee obligations
under the facility.
Leucadia National is a publicly traded insurance holding company, based in
New York.
Morrison Knudsen Corporation (MRN-NYSE), founded in 1912, serves the
world's construction, engineering, environmental, industrial, mining and power
markets as an engineer, contractor and manufacturer.
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