SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report(Date of earliest event reported) March 25, 1997 ------
AK STEEL HOLDING CORPORATION ------(Exact name of registrant as specified in its charter)
DELAWARE File No. 1-13696 31-1401455 ------(State or other (Commission file number) (IRS employer jurisdiction of identification incorporation) number)
703 Curtis Street, Middletown, Ohio 45043 ------(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (513) 425-5000 ------
Not Applicable ------(Former name or former address, if changed since last report)
Item 5. Other Events. ------Filed herewith are copies of two Press Releases, dated March 19 and March 20, 1997, respectively, issued by AK Steel Holding Corporation (the "Company") to announce they had reached an agreement which resolves the expiration date of the labor agreement covering the company's Ashland, Kentucky USW-represented employees and the Board of Directors announced the election of James L. Wareham as President of the Company, effective March 20, 1997.
Item 7. Exhibits. ------
(a) Financial Statements of business acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibits:
(1) Press Release, dated March 19, 1997
(2) Press Release, dated March 20, 1997 2
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 thereunto duly authorized.
AK STEEL HOLDING CORPORATION
/s/ John G. Hritz ------Vice President, General Counsel and Secretary
Dated: March 25, 1997
3
AK STEEL HOLDING CORPORATION
FORM 8-K CURRENT REPORT
Exhibit Index ------
Exhibit No. Description Page ------
1 Press Release, dated March 19, 1997 5 2 Press Release, dated March 20, 1997 6
4
EXHIBIT 1 NEWS RELEASE
AK STEEL AND UNITED STEELWORKERS OF AMERICA REACH AGREEMENT ON ASHLAND CONTRACT
MIDDLETOWN, OH, March 19, 1997--AK Steel (NYSE:AKS) and the United Steelworkers of America today announced they have reached an agreement which resolves the expiration date of the labor agreement covering the company's Ashland (Kentucky) Works' USW- represented employees.
The terms of the agreement include:
The present labor agreement remains in effect until September 1, 2000;
A $.50 per hour general wage increase and $500 bonus for all active employees effective March 30, 1997;
A $.25 per hour general wage increase and $500 bonus for all active employees effective March 29, 1998 and March 28, 1999.
In addition, laid-off hourly production and maintenance employees who lose recall rights after March 28, 1997, will be eligible for preferential hiring based on qualifications and continuous service, for future bargaining unit vacancies.
The agreement covers approximately 1,030 hourly employees of AK Steel's Ashland steelmaking facility.
AK Steel produces low-carbon flat-rolled steel for automotive, appliance, construction and other markets. The company employees about 5,800 people in plants and offices in Middletown and Ashland, Kentucky.
EXHIBIT 2 NEWS RELEASE
JAMES L. WAREHAM ELECTED PRESIDENT OF AK STEEL
MIDDLETOWN, OH, March 20, 1997 -- AK Steel (NYSE:AKS) said today its board of directors elected James L. Wareham president of the company. Mr. Wareham, 57, was formerly chairman, president and chief executive officer of Wheeling-Pittsburgh Steel Corporation and president of WHX Corporation.
"Jim Wareham is a seasoned veteran," said Richard M. Wardrop, chairman and chief executive officer of AK Steel. "His extensive steel industry experience and leadership will be a tremendous asset to AK Steel as we embark upon our plan of significant growth." Mr. Wardrop, named chairman of AK Steel in January, had been president of AK Steel since May 1994, and was named to the additional post of chief executive officer in May 1995.
Mr. Wareham's steel career began in 1961 when he joined the Gary (Indiana) Works of U.S. Steel Corporation, now a division of USX. He subsequently served in a variety of positions at U.S. steel plants before being named general manager of the company's South Works (Chicago) in 1983. He was named vice president, engineering the following year.
In 1986 Mr. Wareham was named president and chief executive officer of Bliss-Salem, Inc., a steel industry equipment manufacturer based in Salem, Ohio. He joined Wheeling-Pittsburgh Steel Corporation in 1989 as president and chief operating officer. In 1992 he was named chairman, president and chief executive officer, as well as president of WHX Corporation, the parent company of Wheeling-Pittsburgh Steel Corporation. Mr. Wareham holds a bachelor of science degree in electrical engineering from the University of Notre Dame.
AK Steel produces low-carbon flat-rolled steel for automotive, appliance, construction and other markets. The company employs about 5,800 people in plants and offices in Middletown and Ashland, Kentucky, and late last year announced it will build a 1.8 million ton-per-year carbon and stainless steel finishing facility near Rockport, Indiana.