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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) January 20, 2000
ACME METALS INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 36-3802419
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(State or other jurisdiction ------------------------ (IRS Employer
of Incorporation) (Commission File Number) Identification Number)
13500 South Perry Avenue, Riverdale, Illinois 60827-1182
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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 January 20, 2000, the U.S. Bankruptcy Court of Delaware denied a
motion of certain equity holders of Acme Metals Incorporated (the "Company") to
appoint an equity committee to represent the interests of the Company's equity
security holders (the "Stockholders") in the Company's pending bankruptcy
proceedings. In the course of the Court's consideration of this motion, the
Company's financial advisor presented evidence indicating it now appears
likely, under current circumstances, that at the time the final plan of
reorganization is filed, there will not be sufficient reorganization value in
the bankruptcy proceedings to provide a distribution to Stockholders. In
denying the motion, the Court did not comment on the financial advisor's
conclusion, ruling rather that the Company and its advisors were fulfilling
their fiduciary duty in seeking to represent all interests and, therefore, that
there was no need for a separate equity committee to represent the
Stockholders.
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: March 2, 2000 By: /s/ Derrick T. Bay
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Derrick T. Bay
Controller and Chief
Accounting Officer
