-----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, U1zVPNrHFd0WpDVx9JxDbDYN4AiKVAgP3zz2FpHwOM4MgxLm9MYNlZ1kkVKH8r3G uKbVn9k5oJ9q2pO6dd1vuA== 0000950128-08-000011.txt : 20080206 0000950128-08-000011.hdr.sgml : 20080206 20080206114203 ACCESSION NUMBER: 0000950128-08-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080202 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080206 DATE AS OF CHANGE: 20080206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RTI INTERNATIONAL METALS INC CENTRAL INDEX KEY: 0001068717 STANDARD INDUSTRIAL CLASSIFICATION: ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350] IRS NUMBER: 522115953 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14437 FILM NUMBER: 08580246 BUSINESS ADDRESS: STREET 1: 1000 WARREN AVE CITY: NILES STATE: OH ZIP: 44446 BUSINESS PHONE: 2165447700 MAIL ADDRESS: STREET 1: 1000 WARREN AVE CITY: NILES STATE: OH ZIP: 44446 8-K 1 l29964ae8vk.htm 8-K RTI International Metals, Inc.
 

 
 
UNITED STATES
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
Date of report (Date of earliest event reported): February 2, 2008
RTI International Metals, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ohio
(State or Other Jurisdiction of Incorporation)
     
001-14437   52-2115953
 
(Commission File Number)   (IRS Employer Identification No.)
     
1000 Warren Avenue
Niles, Ohio
  44446
 
(Address of Principal Executive Offices)   (Zip Code)
(330) 544-7700
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 8.01      Other Events.
     On February 2, 2008, the Company and the United Steelworkers of America agreed to an extension of the current Labor Agreement covering the hourly, clerical, and technical employees at the Company’s Niles, Ohio facility. The current Labor Agreement, originally set to expire on January 31, 2010, will now expire on June 30, 2013. The Company issued a press release on February 4, 2008 in connection with the contract extension; a copy of which is attached hereto as Exhibit 99.1
Item 9.01      Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being furnished pursuant to Item 601 of Regulation S-K and General Instruction B2 to this Form 8-K:
     
Exhibit No.
  Description
 
   
99.1
  Press release dated February 4, 2008.

 


 

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.
           
    RTI INTERNATIONAL METALS, INC.
 
       
 
       
Date: February 6, 2008
  By:   /s/ Chad Whalen
 
       
 
      Chad Whalen,
Vice President, General Counsel and Secretary

 

EX-99.1 2 l29964aexv99w1.htm EXHIBIT 99.1 Ex-99.1
 

Exhibit 99.1
     
FOR IMMEDIATE RELEASE
February 4, 2008
  Contact:
      Richard E. Leone
      Manager — Investor Relations
      rleone@rtiintl.com
      330-544-7622
RTI INTERNATIONAL METALS AND THE UNITED STEELWORKERS ANNOUNCE LABOR AGREEMENT EXTENSION AT
NILES OHIO FACILITY
     Niles, Ohio — RTI International Metals, Inc., (NYSE: RTI) and the United Steelworkers today announced that the Company’s RMI Titanium Company subsidiary and the United Steelworkers Local 2155 have reached agreement on a new labor contract at its Niles, Ohio facility, extending its contract through June 30, 2013. The previous agreement was set to expire on January 31, 2010.
     With this agreement, RTI will invest over $30 million dollars in its Niles facility to increase melting and downstream processing capacity, and upgrade current manufacturing equipment at this facility. In addition, the agreement provides for improvements in wages and pensions, as well as flexibility on the staffing of new equipment. The agreement covers 365 employees.
     Commenting on the pact, RTI Vice Chairman and CEO Dawne S. Hickton stated, “We are very pleased to have reached agreement with the Union on a contract that extends over a five-year period into 2013. Our customers and employees can be assured that we will provide the products and services called for in our long-term supply agreements totaling approximately $4.9 billion. This agreement also represents a cooperative spirit between management and labor that paves the way for solid new business development and growth well into 2010 and beyond.”
     Todd Weddell, President of USW Local 2155 commented, “Our members now have the advantage of a long-term agreement that brings Company investment to the Niles Plant, and includes pay raises and improvements in pension benefits. This agreement represents a new chapter in the Union/Company relationship. It is a clear and concise message: the Steelworkers are ready, willing and able to meet RTI’s labor needs in the future and to keep the Niles facility a viable part of the corporation.”

 


 

     The capital improvements announced today in the Niles location are part of RTI’s $100 million expansion project announced on May 31, 2007, for the long-term supply of titanium products that will support the production of the F-35 Joint Strike Fighter (JSF), as well as support for the Airbus Supplemental Agreement announced on September 17, 2007.
     RTI International Metals®, headquartered in Niles, Ohio, is a leading U.S. producer of titanium mill products and fabricated metal components for the global market. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world. To learn more about RTI International Metals, Inc., visit our website at www.rtiintl.com.
     The statements in this release relating to matters that are not historical facts are forward-looking statements that may involve risks and uncertainties. These include, but are not limited to, the impact of global events on the commercial aerospace industry, ultimate titanium content per copy and actual aircraft build rates for the 787 program, global economic conditions, the competitive nature of the markets for specialty metals, the ability of the Company to obtain an adequate supply of raw materials, the successful completion of our capital expansion projects, and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission. Actual results can differ materially from those forecasted or expected. The information contained in this release is qualified by and should be read in conjunction with the statements and notes filed with the Securities and Exchange Commission on Forms 10-K and 10-Q, as may be amended from time to time.
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