SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
June 19, 1997
(Date of Report, date of earliest event reported)
TREMONT CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-10126 76-0262791
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
(Address of principal executive offices) (Zip Code)
(303) 296-5600
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On June 17, 1997, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to the Registrant's announcement of Litigation Development.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
99.1 Press release dated June 17, 1997 issued by Registrant.
SIGNATURES
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.
TREMONT CORPORATION
(Registrant)
By: /s/ J. Thomas Montgomery, Jr.
J. Thomas Montgomery, Jr.
Vice President, Controller
And Treasurer
Date: June 19, 1997
Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Tremont Corporation Robert E. Musgraves
1999 Broadway, Suite 4300 Vice President and
General Counsel
Denver, Colorado 80202 (303) 296-5600
TREMONT ANNOUNCES LITIGATION DEVELOPMENT
DENVER, COLORADO . . . June 17, 1997 . . . Tremont Corporation (NYSE: TRE)
announced today that the Delaware Supreme Court has reversed and remanded for
further proceedings the previously announced trial court ruling in favor of the
defense in the stockholder derivative case of Kahn v. Tremont Corporation, et
al. The suit was originally filed in 1991 following the purchase by Tremont of
7.8 million common shares of NL Industries, Inc. (NYSE: NL) from Valhi Inc.
(NYSE: VHI), then the principal stockholder of Tremont. The defendants in the
action include Valhi and the members of Tremont's board of directors. In March
1996, the Delaware Court of Chancery ruled in favor of the defendants after a
trial on the merits. Tremont stated that the defendants in the action are
expected to continue their vigorous defense of the suit.
Tremont, headquartered in Denver, Colorado, is principally a holding
company with operations in the titanium metals business conducted through
Titanium Metals Corporation (NADSAQ: TIMT), in the titanium dioxide business
conducted through NL and in real estate development conducted through Victory
Valley Land Company, L.P.
