0000101778-01-500131.txt : 20011030
0000101778-01-500131.hdr.sgml : 20011030
ACCESSION NUMBER: 0000101778-01-500131
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011025
ITEM INFORMATION: Other events
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011025
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: USX CORP
CENTRAL INDEX KEY: 0000101778
STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911]
IRS NUMBER: 250996816
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05153
FILM NUMBER: 1765999
BUSINESS ADDRESS:
STREET 1: 600 GRANT ST
STREET 2: ROOM 1312
CITY: PITTSBURGH
STATE: PA
ZIP: 15219-4776
BUSINESS PHONE: 4124331121
MAIL ADDRESS:
STREET 1: 600 GRANT STREET
STREET 2: ROOM 1312
CITY: PITTSBURGH
STATE: PA
ZIP: 15219-4776
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED STATES STEEL CORP/DE
DATE OF NAME CHANGE: 19860714
8-K
1
fm8k1025.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):
October 25, 2001
USX Corporation
-------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-5153 25-0996816
--------------- ---------------------- -------------------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
600 Grant Street, Pittsburgh, PA 15219-4776
---------------------------------- ----------
(Address of principal executive (Zip Code)
offices)
(412) 433-1121
------------------------------
(Registrant's telephone number,
including area code)
2
Item 5. Other Events
USX Corporation is furnishing information for the October 25, 2001 press release
titled "USX Shareholders Approve Plan of Reorganization". Attached is a copy of
the press release in substantially the form released.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1. Press Release - "USX Shareholders Approve Plan of
Reorganization"
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: October 25, 2001
EX-99.1.
2
ex911025.txt
Exhibit 99.1.
USX SHAREHOLDERS APPROVE PLAN OF REORGANIZATION
PITTSBURGH, Oct. 25 - USX Corporation announced that a majority of the
outstanding shares of its USX-Marathon Group common stock (NYSE: MRO) and of its
USX-U. S. Steel Group common stock (NYSE: X) was voted in favor of the Agreement
and Plan of Reorganization of the corporation at a special meeting of
stockholders today in Wilmington, Del.
Preliminary vote totals show that a total of 77 percent of the
outstanding shares of USX-Marathon Group Common Stock voted to approve the plan
and a total of 71 percent of the outstanding shares of USX-U. S. Steel Group
Common Stock voted to approve the plan. Voting as a combined single class, 76
percent of the outstanding votes were cast in favor of the plan. Details of the
plan were contained in a Proxy Statement/Prospectus dated September 20.
The reorganization envisions a tax-free spin-off of the steel and
steel-related business of USX into a publicly traded company to be called United
States Steel Corporation (NYSE: X) and the remaining energy business will
continue to be operated by USX, which will be renamed Marathon Oil Corporation
(NYSE: MRO).
The reorganization is subject to several conditions, including receipt
of a favorable tax ruling from the Internal Revenue Service (IRS) on the tax-
free nature of the transaction. The transaction is expected to occur at year-
end subject to the absence of any materially adverse change in business
conditions for the energy and/or steel business, delay in obtaining the IRS
ruling or other unfavorable circumstances.
A majority of the outstanding shares of the USX-Marathon Group common
stock and USX-U. S. Steel Group common stock also was voted in favor of the two
other proposals considered at the meeting: approval of the United States Steel
Corporation 2002 Stock Plan and of the United States Steel Corporation Senior
Executive Officer Annual Incentive Compensation Plan.