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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: AUGUST 15, 1997
(DATE OF EARLIEST EVENT REPORTED: AUGUST 14, 1997)
STILLWATER MINING COMPANY
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-25090 81-0480654
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(STATE OF INCORPORATION) (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
IDENTIFICATION NO.)
536 E. PIKE AVENUE
POST OFFICE BOX 1330
COLUMBUS, MONTANA 59019
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(303) 978-2525
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(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
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ITEM 5. OTHER EVENTS.
Reference is hereby made to the Press Release dated August 14, 1997, a
copy of which is attached hereto as Exhibit A and incorporated herein by
reference in its entirety.
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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 hereunto duly authorized.
STILLWATER MINING COMPANY
Date: August 15, 1997 By: /s/ John E. Andrews
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John E. Andrews
President
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Exhibit A
[LOGO OF STILLWATER MINING COMPANY APPEARS HERE]
NEWS RELEASE
______________________________________________________________
FOR IMMEDIATE RELEASE: August 14, 1997
CONTACT: Gina Wilson
STILLWATER MINING NAMES CHAIRMAN AND CHIEF EXECUTIVE OFFICER
DENVER, COLORADO STILLWATER MINING COMPANY (AMEX:SWC) announced today the
appointment of William E. Nettles, 53, as Chairman and Chief Executive Officer.
Mr. Nettles joins Stillwater Mining after fifteen years with Engelhard
Corporation, a $3.2 billion producer of catalysts, pigments, environmental
technologies and precious metal-based products and services.
Interim Chairman Ray Ballmer said, "The Board is pleased to have an individual
the caliber of Bill Nettles take over the reins at Stillwater. He has a
demonstrated ability to build and lead high performance management teams." Mr.
Ballmer added, "His association with Engelhard and familiarity with the platinum
group metals industry will be a great asset in achieving the goals we've set for
the Company." Mr. Ballmer, 71, will remain on the Stillwater Mining Board.
Most recently, Mr. Nettles served as Vice President and Chief Financial Officer
for Engelhard. Prior to this he served as Engelhard's Vice President and
General Manager for the Chemical Catalyst Group and the Specialty Minerals &
Colors Group and Vice President and Business Director for the Performance
Minerals Group. Prior to Engelhard, Mr. Nettles was with The Dow Chemical
Company from 1965 to 1982 serving in various positions of increasing
responsibility.
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Mr. Nettles has a Bachelor of Science in Industrial Management from the Georgia
Institute of Technology and a Master of Business Administration from the
University of Michigan. He and his wife will reside in Denver, Colorado,
corporate headquarters of Stillwater Mining.
Stillwater Mining Company is the only U.S. producer of platinum and palladium
and the only significant primary source of platinum group metals outside of
South Africa. The Company is traded on the American Stock Exchange under the
symbol SWC.
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