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)
February 8, 1995
ASHLAND COAL, INC.
(Exact name or registrant as specified in its charter)
DELAWARE 1-9993 61-0880012
(State or other (Commission file number) (I.R.S.Employer
jurisdiction of Identification No.)
incorporation or
organization)
2205 FIFTH STREET ROAD, HUNTINGTON, WEST VIRGINIA 25701
(Address of principal executive offices) (Zip Code)
P.O. BOX 6300, HUNTINGTON, WEST VIRGINIA 25771
(Mailing Address) (Zip Code)
Registrant's telephone number, including area code: (304)
526-3333<PAGE>
ITEM 5. OTHER EVENTS.
ASHLAND INC. PURCHASES ASHLAND COAL CLASS B PREFERRED STOCK FROM
SAARBERGWERKE AG
Ashland Inc. (formerly Ashland Oil, Inc.) announced it purchased
all of the Class B Preferred Stock of Ashland Coal, Inc. (Ashland
Coal) from Saarbergwerke AG on February 8, 1995, for
approximately $110 million. As a result, Ashland Inc. now
controls approximately 54 percent of the voting power of Ashland
Coal. The closing of this transaction will result in the
consolidation of Ashland Coal into Ashland Inc.'s financial
statements, beginning with the March quarter, and retroactive to
the beginning of Ashland Inc.'s 1995 fiscal year which commenced
October 1, 1994.
In connection with the closing, Mr. Michael B. Ziesler and
Mr. Werner Externbrink, each of whom had been elected to the
Ashland Coal Board by Saarbergwerke, resigned from the Ashland
Coal Board of Directors. As the new owner of the Class B
Preferred Stock, Ashland Inc. has the right to elect two
additional directors of Ashland Coal. Ashland announced that
John A. "Fred" Brothers, a senior vice president and group
operating officer of Ashland Inc., will fill one of the
positions. Ashland's nominee to hold the other position has not
yet been announced.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
ASHLAND COAL, INC.
(Registrant)
By: /s/ Roy F. Layman
Administrative Vice
President and Secretary
Date: February 10, 1995