================================================================================
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): September 1, 1999
TRANSTAR HOLDINGS, L.P.
TRANSTAR CAPITAL CORPORATION
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 033-73270 13-3486874
DELAWARE 033-73270-1 13-3745313
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
345 PARK AVENUE
NEW YORK, NY 10154
- --------------------------------------------------------------------------------
(Address and zip code of principal executive offices)
(212) 935-2626
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
================================================================================
<PAGE>
Item 5. Other Events.
On September 1, 1999, Transtar, Inc. issued a press release announcing the
retirement by December 31, 1999 of Robert S. Rosati, President and Chief
Executive Officer of Transtar, Inc. The full text of the press release is set
forth in Exhibit 99.1 and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Statements and Exhibits.
(c) Exhibits
99.1 Press release of Transtar, Inc. dated September 1, 1999.
<PAGE>
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 hereunto duly authorized.
Dated: September 2, 1999
TRANSTAR HOLDINGS, L.P.
By: /s/ Stephen A. Schwarzman
---------------------------------
Stephen A. Schwarzman
Director
TRANSTAR CAPITAL CORPORATION
By: /s/ Stephen A. Schwarzman
---------------------------------
Stephen A. Schwarzman
Director
Contact: Nancy Gestiehr
(412) 829-3466
FOR IMMEDIATE RELEASE
Monroeville, Pa., August 31, 1999 -- Mr. Robert S. Rosati, president and
chief executive officer of Transtar, Inc. has announced his intention to retire
by the end of the year.
Transtar, Inc. is a Monroeville, Pennsylvania holding company which
acquired the transportation companies formerly owned by USX Corporation in 1988.
These transportation facilities include seven railroads, two water carriers and
Great Lakes port facilities. Transtar, Inc. is held by Transtar Holdings, L.P.,
whose sole general partner is Blackstone Transportation Company, Inc., and by
USX Corporation.
Mr. Rosati's business career spans 34 years in the transportation industry.
Prior to his election to president and chief executive officer on January 1,
1994, Mr. Rosati was vice president-finance and chief financial officer of
Transtar and its subsidiaries, a position he held since the formation of
Transtar on December 28, 1988. Previous to this, he was associated with the
railroad subsidiaries of U.S. Steel. This railroad experience began in 1965 and
included five years as comptroller of the Bessemer and Lake Erie Railroad
preceded by positions as manager-audit division, manager of marketing and dock
superintendent with the Duluth, Missabe and Iron Range Railway, and
superintendent in the transportation department with the Elgin, Joliet and
Eastern Railway. Prior experience was with the firm of Ernst & Ernst,
Pittsburgh, Pa., from 1961-65.
Mr. Rosati serves as a director of the Transtar subsidiaries. He is on the
Board of Directors of the Greater Pittsburgh Council, Boy Scouts of America, and
is a member of the Pennsylvania Institute of Certified Public Accountants. He
graduated from the University of Pittsburgh with a B.B.A. degree in 1961; and
attended the graduate business program at the University of Minnesota-Duluth,
1976-1979.
Mr. Rosati's successor will be announced at a later date by the Board of
Directors of Transtar.
