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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) JUNE 30, 1994
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ACME METALS INCORPORATED
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(Exact name of registrant as specified in its charter)
DELAWARE 0-14727 36-3802419
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification
No.)
13500 SOUTH PERRY AVENUE, RIVERDALE, ILLINOIS 60627-1182
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (708) 849-2500
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On June 30, 1994, the Company issued a press release announcing
that the Board of Directors had approved construction of the proposed
continuous thin slab caster/hot strip mill complex at its Acme Steel
Company in Riverdale, Illinois, plant contingent upon successful
completion of the financing for the project and that the Company had
selected Raytheon Engineers & Constructors, Inc. of Philadelphia to serve
as general contractor for the project and SMS Schloemann-Siegag AG, of
Dusseldorf, as the primary equipment supplier.
Item 7. Financial Statements, Pro Forma Financial Information and
Exhibits
The following exhibits accompany this Current Report on Form 8-K.
EXHIBIT NO. DESCRIPTION
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28.1 Press release issued on June 30, 1994
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.
ACME METALS INCORPORATED
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(Registrant)
Date: August 2, 1994 By: /s/ Edward P. Weber, Jr.
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Edward P. Weber, Jr.
Vice President, General Counsel and
Secretary
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EXHIBIT 28.1
FOR IMMEDIATE RELEASE
June 30, 1994
For further information, contact:
Charles A. Nekvasil
Director of Public and Investor Relations
Acme Metals Incorporated
(708) 841-8383, Ext. 2266
ACME METALS APPROVES STEEL MODERNIZATION,
CONTINGENT UPON SUCCESSFUL COMPLETION OF PROJECT FINANCING
RIVERDALE, Illinois, June 30, 1994 -- The Board of Directors of Acme
Metals Incorporated has approved construction of the proposed continuous
thin slab caster/hot strip mill complex at its Acme Steel Company's
Riverdale, Illinois, plant, contingent upon successful completion of the
financing for the project.
In addition, the company has selected Raytheon Engineers & Constructors,
Inc., Philadelphia, to serve as general contractor for the project, and
SMS Schloemann-Siemag AG, Dusseldorf, as the primary equipment supplier.
Raytheon will have full turnkey responsibility for the project, estimated
to cost $370 million.
In March, 1994, Acme Metals issued 5,600,000 special warrants,
exchangeable on a one-on-one basis for common shares of the company, at a
value of $21 per share. Acme expects to obtain the balance of the funds
necessary to finance the project in the public debt market.
Continued...
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Acme Metals Incorporated
Steel Modernization, Add 1
Acme Metals Incorporated, through its operating subsidiaries, is a fully
integrated producer of steel, steel strapping and strapping tools, welded
steel tube and pipe, and auto and light truck jacks. Its common stock is
traded on the NASDAQ National Market System under the symbol: ACME.
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