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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) April 15, 1996
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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 (Commission File Number) (IRS Employer Identification No.)
jurisdiction of
Incorporation)
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.
The following exhibit accompanies this Current Report on Form 8-K:
Exhibit No. Description
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20.1 Press release issued
on April 15, 1996
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
Date: April 17, 1996 By: /s/ Edward P. Weber, Jr.
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Edward P. Weber, Jr.
Vice President, General Counsel and
Secretary
2
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FOR RELEASE AT 3:30 P.M. CDT For further information, contact:
April 15, 1996 C. Mark Hussey
Director, Investor and Public Relations
Acme Metals Incorporated
(708) 841-8383, Ext. 2266
STEPHEN D. BENNETT ELECTED CEO
OF ACME METALS INCORPORATED
RIVERDALE, Illinois, April 15, 1996 -- Acme Metals Incorporated announced that
Stephen D. Bennett, President and Chief Operating Officer, has been elected
President and Chief Executive Officer effective today. Mr. Bennett succeeds
Brian W.H. Marsden, 64, who has been Chief Executive Officer of the Company
since its May 1986 spin-off from the Interlake Corporation. Mr. Marsden will
continue as Chairman of the Board of Directors.
Commenting on the change, Mr. Marsden said, "Steve Bennett's election to Chief
Executive Officer is part of Acme Metals' established management succession plan
and anticipates my planned retirement in 1997. The Board has decided to
accelerate this organizational change because of a recently discovered medical
condition that will require surgery and an expected two months of recuperation
for me."
Mr. Bennett, 47, has served as President, Chief Operating Officer and a Director
of the Company since January 1993. He joined the Company in 1990 as Vice
President, Operations, after nearly 15 years in key operating and management
positions with the
(more)
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USS Division of the USX Corporation and its predecessor, United States Steel
Corporation.
Mr. Bennett earned his B.S. in Mechanical Engineering from the U.S. Military
Academy at West Point. He later earned an M.S. in Business Administration from
Boston University and an M.S. in Mechanical Engineering from Purdue University.
Mr. Marsden said, "Steve's promotion recognizes his outstanding contributions to
the Company. Under his leadership and guidance as President and Chief Operating
Officer, Acme Metals has achieved record sales and earnings. Furthermore, Steve
has been instrumental in planning and directing Acme's Modernization and
Expansion Project, which consists of a continuous thin slab caster and seven-
stand hot strip mill. As we near the completion and startup of the new facility
in the second half of this year, it is appropriate now to make a smooth
leadership transition to Steve, who is eminently qualified to lead Acme's growth
into the next century."
Acme Metals Incorporated, through its operating subsidiaries, is a fully
integrated producer of steel, steel strapping and strapping tools, welded steel
pipe and tube, and automotive and light truck jacks. Its common stock is traded
on the NASDAQ National Market system with the symbol ACME and on the Toronto
Stock Exchange with the symbol AMK.
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