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 17, 1998
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
< incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5: Other Events
On February 17, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to an announcement by Registrant regarding the resignation of
Registrant's Chief Financial Officer.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
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Item Exhibit List
No.
99.1 Press release dated February 17, 1998 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.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Robert E. Musgraves
Robert E. Musgraves
Vice President, General Counsel
and Secretary
Date: February 18, 1998
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Exhibit 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: Contact:
TIMET J. Landis Martin
1999 Broadway Chairman and CEO
Suite 4300 (303) 296-5600
Denver, CO 80202
TIMET REPORTS ITS CHIEF FINANCIAL OFFICER ACCEPTS NEW POSITION
Denver, February 17, 1998 - Titanium Metals Corporation (NASDAQ: TIMT) announced
today that Joseph S. Compofelice, TIMET's Vice President and Chief Financial
Officer since its initial public offering in 1996, has resigned to become the
Chairman and Chief Executive Officer of CompX International, Inc.
J. Landis Martin, TIMET's Chairman and Chief Executive Officer stated "Joe has
provided vision, solid leadership and enthusiasm during his tenure at TIMET and
we will miss him. We wish him well in his new and exciting opportunity with
CompX. Fortunately, he has agreed to stay on the Board of TIMET, which gives us
the continuing benefit of his wise counsel. We have no current plans to replace
Joe. Tom Montgomery, Vice President, Finance and Treasurer, will assume a
number of Joe's responsibilities at TIMET."
Since 1994, Mr. Compofelice has been Vice President and Chief Financial Officer
of Tremont Corporation (NYSE: TRE), Vice President and Chief Financial Officer
of NL Industries, Inc. (NYSE: NL) and Executive Vice President of Valhi, Inc.
(NYSE: VHI). He was elected to the Board of Directors of NL in 1995. Susan E.
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Alderton, currently Vice President, Treasurer of NL, has been named Chief
Financial Officer of NL. Ms. Alderton also serves as a director of Tremont.
CompX International is a manufacturer of ergonomic computer support systems,
precision ball bearing drawer slides and medium-security mechanical locks for
office furniture and a variety of other applications. CompX, which is an
affiliate of Valhi, Inc., recently filed its initial public offering of common
stock with the Securities and Exchange Commission.
TIMET, headquartered in Denver, Colorado is a leading worldwide integrated
producer of titanium metals products.
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