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)
March 14, 1996
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
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Item 5. Other Events.
Ashland Coal, Inc. will take a pre-tax charge to earnings
of approximately $4.5 million in its first quarter ending March 31,
1996, in connection with a restructuring of its corporate and
subsidiary support functions. The charge arises from the
elimination of 51 salaried positions at Ashland Coal and several of
its operating subsidiaries, as well as the consolidation of some of
its West Virginia operations. The restructuring is expected to
favorably affect earnings for the balance of 1996 as well as future
periods.
The restructuring is part of Ashland Coal's ongoing
efforts to maintain its competitiveness in the coal industry.
Although additional charges may be required in the future as these
efforts continue, if such charges occur they are expected to be
much less than the charge to be taken in the first quarter.
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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/ Marc R. Solochek
Senior Vice President and
Chief Financial Officer
Date: March 14, 1996