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
February 14, 2003
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5: Other Events
On February 13, 2002 the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to an announcement by Registrant regarding the effective date of
the reverse stock split.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Press Release dated February 13, 2003 issued by Registrant
SIGNATURES
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.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Matthew O'Leary
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Matthew O'Leary
Corporate Attorney and Assistant Secretary
Date: February 14, 2003
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation JoAnne A. Nadalin
1999 Broadway, Suite 4300 Vice President and
Denver, Colorado 80202 Corporate Controller
(303) 296-5659
TIMET ANNOUNCES EFFECTIVE DATE OF REVERSE STOCK SPLIT
DENVER, COLORADO . . . February 13, 2003 . . . Titanium Metals Corporation
("TIMET" or the "Company") (NYSE: TIE) announced today that the NYSE had
approved its Supplemental Listing Application, which was a prerequisite to
effecting TIMET's reverse stock split. The reverse stock split will be effective
at 5:00 pm E.S.T. on Friday, February 14, 2003, so, when trading commences on
Tuesday, February 18, 2003, it will be on a post-reverse split basis.
Previously, TIMET announced the exchange ratio for the reverse stock split
of one share of post-split common stock for each currently outstanding ten
shares of pre-split common stock. No fractional shares of stock will be issued
in the reverse split. Any fractional shares held by TIMET stockholders will be
paid for by the Company at a price equal to the proportionate average of the
closing sales prices of TIMET's common stock (pre-split) for the ten trading
days prior to February 14. EquiServe Trust Company, NA is acting as Exchange
Agent for the reverse split, and EquiServe will send Letters of Transmittal to
TIMET stockholders instructing them on how to exchange their share certificates.
TIMET, headquartered in Denver, Colorado, is a leading worldwide producer
of titanium metal products. Information on TIMET is available on the internet at
www.timet.com.
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