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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: January 23, 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
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Item 5. Other Material Important Events.
Notification to Holders of Series A Preferred Stock
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Morison Knudsen Corporation (the "Company") received today from the
Internal Revenue Service ("IRS") the 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. The amount of the refunds is sufficient to deposit
$18,000,000 into the Foreign Credit Sinking Fund allowing for the final
distribution with respect to the Series A Preferred Stock. Accordingly, on April
15, 1998, the Company will distribute the Foreign Credit Sinking Fund to the
holders of record of shares of the Company's Series A Preferred Stock as of the
close of business on March 31, 1998, as prescribed by the Company's Restated and
Amended Certificate of Incorporation. Such distribution will be the final
distribution with respect to the Series A Preferred Stock, and, upon final
distribution, all shares of Series A Preferred Stock will be canceled and no
longer outstanding and will not have the status of shares of Series A Preferred
Stock and all rights of the holders thereof as stockholders of the Company will
cease.
Signature
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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 23, 1998 By: /s/ Stephen G. Hanks
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Stephen G. Hanks
Executive Vice President,
Chief and Secretary
Legal Officer
