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UNITED STATES
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): August 2, 2000
GULF STATES STEEL, INC. OF ALABAMA
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(Debtor-in-Possession as of July 1, 1999)
(Exact name of registrant as specified in its charter)
Alabama 63-114 1013
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(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
174 South 26th Street
Gadsden, Alabama 35904-1935
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(Address of principal (Zip Code)
executive offices)
(256) 543-6100
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
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On August 2, 2000, the Registrant filed a Notice of Structured Closure of
Facilities with the United States Bankruptcy Court for the Northern District of
Alabama Eastern Division. The Registrant has determined that its business is no
longer economically viable and has determined to engage in the structured
closure of its facilities.
On August 4, 2000 and August 8, 2000, respectively, the lenders under the
Registrant's debtor-in-possession revolving credit facility and term loan gave
notice to the Registrant of an event of default under the applicable loan
agreements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed by the undersigned hereunto
duly authorized.
GULF STATES STEEL, INC. OF ALABAMA
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(Registrant)
/s/ James Grimm
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James Grimm, Senior Vice President and Chief
Financial Officer
