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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: APRIL 22, 1997
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(DATE OF EARLIEST EVENT REPORTED: APRIL 22, 1997)
STILLWATER MINING COMPANY
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(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 April 22, 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: April 22, 1997 By: /s/ John E. Andrews
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John E. Andrews
President
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[LOGO OF STILLWATER MINING COMPANY APPEARS HERE]
EXHIBIT A
NEWS RELEASE
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FOR IMMEDIATE RELEASE: April 22, 1997
CONTACT: Gina Wilson
(303) 978-3101
STILLWATER MINING ANNOUNCES DIRECTOR RESIGNATIONS
POSTPONEMENT OF SHAREHOLDER MEETING
DENVER, COLORADO - STILLWATER MINING COMPANY (NASDAQ:PGMS) today announced that
three directors of the Company, Messrs. W. Thomas Stephens and Richard B. Von
Wald and Ms. Sharon M. Meadows resigned from the Board of Directors.
Ray Ballmer, Chairman, noted, "Stillwater Mining is a far better company today
as a result of the contribution of each of these directors. They consistently
performed their duties to only the highest standards of excellence, dedication
and commitment."
The Board is in the process of selecting three new nominees to stand for
election to the Board at the upcoming Annual Meeting of Shareholders. In light
of the recent resignations, the remaining directors of the Board have determined
to postpone the upcoming Annual Meeting from Friday, April 25, 1997, 8:30 a.m.
to Monday, May 12, 1997, 1:00 p.m. The meeting will be held at the Hyatt
Regency Conference Center, 555 17/th/ Street, Denver, Colorado.
The Company intends to distribute a supplement to its proxy statement to all
shareholders of record as of March 14, 1997, which will contain information
regarding the new nominees.
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 NASDAQ stock market under the symbol
PGMS.
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