-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DhKrdf1PP8o79nga/tzK2CVGz+y2dx7jZTYyY7bA9TswwdFZVnDwUlCjZ9HDEJ+P yCqxMyzzqhYkUuMOmazJyw== /in/edgar/work/20000725/0000101778-00-000013/0000101778-00-000013.txt : 20000921 0000101778-00-000013.hdr.sgml : 20000921 ACCESSION NUMBER: 0000101778-00-000013 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000725 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: USX CORP CENTRAL INDEX KEY: 0000101778 STANDARD INDUSTRIAL CLASSIFICATION: [2911 ] IRS NUMBER: 250996816 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05153 FILM NUMBER: 678369 BUSINESS ADDRESS: STREET 1: 600 GRANT ST CITY: PITTSBURGH STATE: PA ZIP: 15219-4776 BUSINESS PHONE: 4124331121 FORMER COMPANY: FORMER CONFORMED NAME: UNITED STATES STEEL CORP/DE DATE OF NAME CHANGE: 19860714 8-K 1 0001.txt 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): July 25, 2000 USX Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-5153 25-0996816 --------------- ------------ ------------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 600 Grant Street, Pittsburgh, PA 15219-4776 - --------------------------------------- ---------- (Address of principal executive offices) (Zip Code) (412) 433-1121 ------------------------------ (Registrant's telephone number, including area code) 2 Item 5. Other Events On July 25, 2000, USX Corporation announced that the Board of Directors declared a dividend of 23 cents per share on USX-Marathon Group Common Stock, an increase of 2 cents per share. The dividend is payable September 9, 2000, to stockholders of record at the close of business August 16, 2000. USX Corporation also announced that its Board of Directors has authorized the spending of up to $450 million to repurchase shares of its USX-Marathon Group Common Stock, such purchases to be made from time to time as the Corporation's financial condition and market conditions warrant. Any purchases under the program may be in either open market transactions, including block purchases, or in privately negotiated transactions. The repurchase program does not include specific price targets or timetables, and is subject to termination prior to completion. At the current stock price, approximately 6% of Marathon's 312 million shares outstanding could be repurchased. USX-Marathon Group will use cash on hand, cash generated from operations, or cash from available borrowing to acquire the shares. During the repurchase program, offerings of Marathon Stock under the Marathon Group Dividend Reinvestment and Direct Stock Purchase Plan will be suspended for first-time, non-employee purchasers. A copy of the press release announcing the transactions is attached. Item 7. Financial Statements and Exhibits (c) Exhibits 99.1. USX Press Release SIGNATURE 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. USX CORPORATION By /s/ Larry G. Schultz ----------------------- Larry G. Schultz Vice President - Accounting Dated: July 25, 2000 EX-99.1 2 0002.txt Contact: William E. Keslar Don H. Herring (412) 433-6870 FOR IMMEDIATE RELEASE USX CORPORATION RAISES DIVIDEND AND ANNOUNCES STOCK REPURCHASE PROGRAM FOR USX- MARATHON GROUP COMMON STOCK PITTSBURGH, July 25, 2000 - USX Corporation announced that the Board of Directors declared a dividend of 23 cents per share on USX-Marathon Group (NYSE:MRO) Common Stock, an increase of 2 cents per share, or 9.5 percent over the previous quarter. The dividend is payable September 9, 2000, to stockholders of record at the close of business August 16, 2000. Commenting on the Marathon Group dividend increase, USX Corporation Board Chairman Thomas J. Usher said, "This is the third dividend increase in less than four years. The Board's decision to raise the dividend again reflects our continued confidence in the Marathon Group's future and its prospects." USX Corporation also announced that its Board of Directors has authorized the spending of up to $450 million to repurchase shares of its USX- Marathon Group (NYSE:MRO) Common Stock, such purchases to be made from time to time as the Corporation's financial condition and market conditions warrant. Any purchases under the program may be in either open market transactions, including block purchases, or in privately negotiated transactions. The repurchase program does not include specific price targets or timetables, and is subject to termination prior to completion. At the current stock price, approximately 6% of Marathon's 312 million shares outstanding could be repurchased. USX-Marathon Group will use cash on hand, cash generated from operations, or cash from available borrowing to acquire the shares. Commenting on the USX-Marathon Group stock repurchase, USX Corporation Board Chairman Thomas J. Usher said, "We think the Marathon Group stock is undervalued and this is an excellent use for excess cash flow at this time." During the repurchase program, offerings of Marathon Stock under the Marathon Group Dividend Reinvestment and Direct Stock Purchase Plan will be suspended for first-time, non-employee purchasers. For more information on USX Corporation and Marathon Group visit our websites at www.usx.com and www.marathon.com. - oOo - -----END PRIVACY-ENHANCED MESSAGE-----