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
February 14, 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 February 14, 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 the repurchase of up
to 2,000,000 shares of its common stock.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
99.1 Press release dated February 14, 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/ John R. Burt
John R. Burt
Corporate Attorney
and Assistant Secretary
Date: February 14, 1997
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Tremont Corporation Joseph S. Compofelice
1999 Broadway, Suite 4300 Vice President and CFO
Denver, Colorado 80202 (281) 423-3303
TREMONT ANNOUNCES REPURCHASE OF COMMON STOCK SHARES
DENVER, COLORADO . . . February 14, 1997 . . . Tremont Corporation (NYSE:
TRE) announced today that its Board of Directors has authorized the repurchase
of up to 2,000,000 shares of its Common Stock in open market transactions,
including block purchases, or in privately negotiated transactions. Such shares
represent approximately 27% of the Company s 7.4 million shares outstanding.
The stock may be purchased from time to time as the Company s financial
condition and market conditions permit.
The repurchase program does not include specific price targets or
timetables and may be suspended at any time. Depending on financial and market
conditions, the program could be terminated prior to completion. Tremont will
use its cash on hand to acquire the shares. Repurchased shares will be added
to Tremont s treasury, and could be used for future acquisitions or other
corporate purposes.
Tremont Corporation, headquartered in Denver, Colorado, is principally a
holding company with operations in the titanium metals business, conducted
through Titanium Metals Corporation, a 30% owned affiliate, and in the titanium
dioxide business, conducted through NL Industries, Inc., an 18% owned affiliate.
