-----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, Nlk+sYhVvRdL3MEqnJPL7GVRC9Y0CYonqJS6YPMQG2qWkVroDoHduHb+9YqUi3EH U4hZjOq2dRHjqZDmN3EHFw== 0001037676-99-000029.txt : 19990628 0001037676-99-000029.hdr.sgml : 19990628 ACCESSION NUMBER: 0001037676-99-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990623 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990625 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ARCH COAL INC CENTRAL INDEX KEY: 0001037676 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 430921172 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13105 FILM NUMBER: 99652552 BUSINESS ADDRESS: STREET 1: CITY PLACE ONE STE 300 STREET 2: ARCH MINERAL CORP CITY: ST LOUIS STATE: MO ZIP: 63141 BUSINESS PHONE: 3149942700 MAIL ADDRESS: STREET 1: CITYPLACE ONE SUITE 300 STREET 2: ARCH MINERAL CORP CITY: CREVE COEUR STATE: MO ZIP: 63141 FORMER COMPANY: FORMER CONFORMED NAME: ARCH MINERAL CORP DATE OF NAME CHANGE: 19970411 8-K 1 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): June 22, 1999 Arch Coal, Inc. ------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-13105 43-0921172 ------------------ ---------------- ------------ (State or other jurisdiction (Commission File (I.R.S. Employer of incorporation Number) Identification No.) CityPlace One, Suite 300, St. Louis, Missouri 63141 ---------------------------------------------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (314) 994-2700 Page 1 of 4 pages. Exhibit Index begins on page 4. Item 5. Other Events. On June 22, 1999, Ashland Inc. ("Ashland"), which owns approximately 58% of the shares outstanding of Arch Coal, Inc. (the "Company"), announced that it was exploring strategic alternatives for its investment in the Company. A copy of the Company's press release dated June 22, 1999, commenting on Ashland's announcement is attached hereto and incorporated herein by reference in its entirety. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) The following Exhibit is filed with this Current Report on Form 8-K: Exhibit No. Description ----------- ----------- 99 Press Release dated as of June 22, 1999 Page 2 of 4 pages. Exhibit Index begins on page 4. 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. Dated: June 25, 1999 ARCH COAL, INC. By: /s/ Jeffry N. Quinn ------------------------- Jeffry N. Quinn Senior Vice President - Law & Human Resources, Secretary and General Counsel Page 3 of 4 pages. Exhibit Index begins on page 4. EXHIBIT INDEX ------------- Exhibit No. Description - ----------- ----------- 99 Press Release dated as of June 22, 1999 Page 4 of 4 pages. EX-99 2 Exhibit 99 Arch Coal Comments on Ashland's Decision to Explore Strategic Alternatives for Its Investment ST. LOUIS, Missouri -- Ashland Inc., which owns 58% of Arch Coal's shares outstanding, announced today that it was exploring strategic alternatives for its investment in Arch. Ashland's decision has no immediate impact on Arch Coal or its operations. "We fully support Ashland's decision to investigate options for creating additional long-term value for the shareholders of both companies," said Steven F. Leer, Arch Coal's president and chief executive officer. "Likewise, Arch Coal remains focused on maximizing value for all its shareholders. Toward that end, we will continue to concentrate on our principal financial objectives: paying down debt, boosting earnings, further increasing cash flow, improving productivity and reviewing the sale of non-strategic assets." "In the past two years, Arch Coal has dramatically expanded both its low-sulfur reserve position and its production of low-cost, compliance coal, " Leer said. "We believe these moves have placed Arch in an excellent position to capitalize on the changes that are occurring in the U.S. coal market, including the growing demand for electricity, the deregulation of the utility industry, and the shift to low-sulfur coal." This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including Arch Coal's expectations with respect to value creation and the company's relative competitive position. Although Arch Coal, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include changes in local or national economic conditions; changes in mining rates and costs for a variety of operational, geologic, permitting, labor and weather-related reasons, including equipment availability; and other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q, reports on Form 8-K, and annual reports on Form 10-K. Arch Coal is the nation's second largest coal producer, with subsidiary operations in West Virginia, Kentucky, Virginia, Illinois, Wyoming, Colorado and Utah. Through these operations, Arch Coal provides the fuel for approximately 6% of the electricity generated in the United States. -----END PRIVACY-ENHANCED MESSAGE-----