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):
September 28, 2012
United States Steel Corporation
(Exact name of registrant as specified in its charter)
Delaware | 1-16811 | 25-1897152 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
600 Grant Street, Pittsburgh, PA | 15219-2800 | |
(Address of principal executive offices) | (Zip Code) |
(412) 433-1121
(Registrant's telephone number,
including area code)
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:
£ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
£ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
£ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
£ | 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 September 28, 2012, United States Steel Corporation and its U. S. Steel Tubular Products, Inc. subsidiary announced that their United Steelworkers-represented employees have ratified new three-year collective bargaining agreements. A copy of the Press Release is attached as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
99.1 Press Release – “U. S. Steel and its U. S. Steel Tubular Products, Inc. subsidiary announce ratification of new collective bargaining agreements by United Steelworkers-represented employees"
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.
UNITED STATES STEEL CORPORATION
By | /s/ Gregory A. Zovko | |
Gregory A. Zovko | ||
Vice President & Controller |
Dated: October 2, 2012
Exhibit 99.1
United States Steel Corporation
Public Affairs
600 Grant Street
Pittsburgh, PA 15219-2800
News
Contact: | Erin DiPietro | |
412.433.6845 | ||
Courtney Boone | ||
412.433.6791 |
FOR IMMEDIATE RELEASE
U. S. STEEL AND ITS U. S. STEEL TUBULAR PRODUCTS, INC. SUBSIDIARY ANNOUNCE RATIFICATION OF NEW COLLECTIVE BARGAINING AGREEMENTS BY UNITED STEELWORKERS-REPRESENTED EMPLOYEES
PITTSBURGH, Sept. 28, 2012 – United States Steel Corporation (NYSE: X) and its U. S. Steel Tubular Products, Inc. subsidiary today announced that its United Steelworkers-represented employees have ratified new three-year collective bargaining agreements. One agreement covers approximately 16,000 employees at U. S. Steel’s domestic flat-rolled and iron ore mining facilities as well as tubular operations in Lorain, Ohio, and Fairfield, Ala. The second agreement covers approximately 1,000 employees at U. S. Steel Tubular Products, Inc.’s Texas Operations Division, a welded tubular products facility in Lone Star, Texas.
Commenting on the announcement, U. S. Steel Chairman and Chief Executive Officer John P. Surma said, “U. S. Steel is pleased with the outcome of the ratification vote. We believe that this newly approved and competitive three-year agreement is in the best interests of our company, our employees and all of our stakeholders.”
The agreements, which are effective retroactive to Sept. 1, contain no-strike provisions and expire on Sept. 1, 2015. Employees will receive a lump sum payment of $2,000 by Oct. 15, 2012, a 2 percent wage increase effective Sept. 1, 2013, a lump sum payment of $500 effective April 1, 2014, and a 2.5 percent wage increase effective Jan. 1, 2015. The agreements also provide for certain benefit adjustments for current and future retirees and modifications to the profit sharing plan beginning in 2013.
-more-
2 |
Financial impacts of the new agreements will be reflected beginning in the third quarter 2012 financial statements, including a pre-tax charge of approximately $35 million for the lump sum payment that will be made by Oct. 15.
-oOo-
2012-023
For more information about U. S. Steel, visit www.ussteel.com.