<PAGE>
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: JANUARY 16, 1998
MORRISON KNUDSEN CORPORATION
Commission File Number 1-12054
A Delaware corporation
IRS Employer Identification No. 33-0565601
MORRISON KNUDSEN PLAZA, BOISE, IDAHO 83729
208/386-5000
<PAGE>
Item 5. Other Material Important Events.
Notification to Holders of Series A Preferred Stock
- ---------------------------------------------------
Morrison Knudsen Corporation (the "Company") and the Internal Revenue Service
(the "IRS") have reached verbal agreement with respect to the interest rate
calculation in connection with certain tax refunds including those that relate
to the Company's Series A Preferred Stock. While the statements made by the IRS
Case Manager are not binding upon the IRS, and the Company cannot give assurance
that further delays will not be encountered, the Company is unaware at this time
of any issues which would delay the payment of the refunds beyond the first
calendar quarter of 1998.
If no delays or reductions occur, the amount which the Company expects to
receive from the IRS during the first calendar quarter which relates to Foreign
Tax Credit Refunds, as that term is defined in the Disclosure Statement which
the Company filed during 1996 with the U.S. Bankruptcy Court, will be sufficient
to fully redeem the Company's Series A Preferred Stock on April 15, 1998.
Signature
---------
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 thereunto duly authorized.
MORRISON KNUDSEN CORPORATION
January 16, 1998 /s/ Stephen G. Hanks
By:_______________________________
Stephen G. Hanks
Executive Vice President, Chief
Legal Officer and Secretary
