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 10, 1998
(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)
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(303) 296-5600
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
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Item 5: Other Events
On June 10, 1998, 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 completion of settlement of stockholder
lawsuit.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
99.1 Press release dated June 10, 1998 issued by
Registrant.
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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/ Joan H. Prusse
Joan H. Prusse
Assistant General Counsel
And Assistant Secretary
Date: June 12, 1998
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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 COMPLETION OF SETTLEMENT
OF STOCKHOLDER LAWSUIT
DENVER, COLORADO . . . June 10, 1998 . . . Tremont Corporation (NYSE: TRE)
announced today that Tremont and Valhi, Inc. (NYSE: VHI) have completed the
previously reported settlement of a stockholder derivative action
(~Kahn~v.~Tremont~Corporation,~et~al~) which was pending in the Delaware Court
of Chancery. Under the final, court approved settlement, Valhi has transferred
$24,324,960 in cash to Tremont, and Tremont has paid plaintiffs' attorneys' fees
and expenses of $5,348,557.
Tremont Corporation, headquartered in Denver, Colorado, is principally a
holding company with operations in the titanium metals business, conducted
through Titanium Metals Corporation (Nasdaq: TIMT), a 30% affiliate, and in the
titanium dioxide business, conducted through NL Industries, Inc. (NYSE: NL), an
18% affiliate.
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