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): March 30, 1998
THE CARBIDE/GRAPHITE GROUP, INC.
Delaware 0-20490 25-1575609
(State of Incorporation) (Commission File Number) (IRS Employer
Identification Code)
One Gateway Center, 19th Floor
Pittsburgh, PA
15222
(Address of principal executive offices)
Registrant's telephone number, including area code: (412) 562-3700
<PAGE>
Item 1 through Item 4: Not applicable.
Item 5 -- Other Events:
Current Developments Update
- ---------------------------
On March 30, 1998, the Company announced the following information with
respect to an expansion project at its affiliate, Seadrift Coke, L.P.:
Pittsburgh, PA - March 30, 1998 - The Carbide/Graphite Group, Inc. (NASDAQ
NNM: CGGI) today reported that construction of the Seadrift, Texas needle coke
expansion project is complete but the start-up has taken longer than expected.
The negative impact on net income resulting from the delay in the third fiscal
quarter ending April 30, 1998 is currently estimated to be approximately $2.5
million to $3.5 million. The construction of the Seadrift needle coke expansion
project was completed under a very aggressive time schedule. The expansion
equipment is fully functional and the final operating parameters are expected to
be completed over the next several weeks.
The Carbide/Graphite Group, Inc. is a leading manufacturer of industrial
graphite and calcium carbide products with manufacturing facilities in St.
Marys, Pennsylvania; Niagara Falls, New York; Louisville and Calvert City,
Kentucky; and Seadrift, Texas.
Note: This release may contain forward looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Actual future results could
differ materially from those set forth in such statements due to various
factors. Such factors include the possibility that increased demand or prices
for the Company's products may not occur or continue, changing economic and
competitive conditions, technological risks and other risks associated with the
start-up and operation of major capital projects and other risks and
uncertainties, including those detailed in the Company's filings with the
Securities and Exchange Commission.
# # #
Legal Proceedings Update
- ------------------------
On April 1, 1998, the Company announced the following information regarding
pending litigation:
Pittsburgh, PA - April 1, 1998 - The Carbide/Graphite Group, Inc. (NASDAQ
NNM: CGGI) today announced that it had been served with a complaint commencing a
civil antitrust action for alleged violations of the Sherman Antitrust Act. The
complaint had been served on behalf of a number of purchasers who were
previously included in the class of plaintiffs covered by the previously
reported consolidated antitrust cases in Philadelphia. This action, which
asserts substantially the same claims as the consolidated cases and seeks treble
damages, has also been filed in the United States District Court for the Eastern
District of Pennsylvania and names the Company, UCAR International, Inc., SGL
Carbon Corporation, SGL Carbon AG and Showa Denko Carbon, Inc. as defendants.
The Company intends to vigorously defend against this action.
###
Item 6 through Item 9: Not applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the following hereunto duly authorized.
The Carbide/Graphite Group, Inc.
/s/ Walter B. Fowler
-------------------------------------------
Walter B. Fowler - Chief Executive Officer
Dated: April 1, 1998
3
