-----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, AS6CPIhh1AzLJwj3jNUezuITH/YWbq2aizoZrgdSI/Vrxit+qbvUV1MMw/BWv3MG qfEAf+jtLtlGikWi0ofCDQ== 0000950134-02-001423.txt : 20020414 0000950134-02-001423.hdr.sgml : 20020414 ACCESSION NUMBER: 0000950134-02-001423 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20020214 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMMERCIAL METALS CO CENTRAL INDEX KEY: 0000022444 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 750725338 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04304 FILM NUMBER: 02551745 BUSINESS ADDRESS: STREET 1: 7800 STEMMONS FRWY STREET 2: P O BOX 1046 CITY: DALLAS STATE: TX ZIP: 75221 BUSINESS PHONE: 2146894300 MAIL ADDRESS: STREET 1: 7800 STEMMONS FRWY STREET 2: PO BOX 1046 CITY: DALLAS STATE: TX ZIP: 75221 8-K 1 d94338e8-k.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 ------------------------------------------ FORM 8-K CURRENT REPORT PURSUANT TO SECITON 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): FEBRUARY 14, 2002 COMMERCIAL METALS COMPANY (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE (STATE OF INCORPORATION) 1-4304 75-0725338 (COMMISSION FILE NO.) (IRS EMPLOYER IDENTIFICANTION NO.) 7800 STEMMONS FREEWAY, 10TH FLOOR, DALLAS, TEXAS 75247 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (214) 689-4300 ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. Commercial Metals Company on February 14, 2002, issued a press release which announced the signing of a definitive agreement to sell certain assets of its SMI - Owen Steel Company, Inc. subsidiary. A copy of the press release is attached to the Report as Exhibit 99, and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) EXHIBITS 99. Press Release of Commercial Metals Company dated February 14, 2002, SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. COMMERCIAL METALS COMPANY February 15, 2002 By: /s/ William B. Larson ------------------------------ Name: William B. Larson ------------------------------ Title: Vice President and Chief Financial Officer ------------------------------ INDEX TO EXHIBITS
EXHIBIT NUMBER DESCRIPTION - ------- ----------- 99 Press Release of Commercial Metals Company dated February 14, 2002,
EX-99 3 d94338ex99.txt PRESS RELEASE EXHIBIT 99 COMMERCIAL METALS COMPANY SIGNS AGREEMENT TO SELL HEAVY STRUCTURAL FABRICATION ASSETS OF SMI-OWEN STEEL COMPANY, INC. SUBSIDIARY Dallas -- February 14, 2002 -- Commercial Metals Company (CMC: NYSE), headquartered in Dallas, Texas, announced today the signing of a definitive agreement with a subsidiary of ADF Group, Inc. for the sale of substantially all assets of SMI-Owen Steel Company's heavy structural steel fabrication and installation operation located on South Beltline Boulevard in Columbia, South Carolina. The closing is contingent on the satisfaction by the parties of certain conditions. The South Carolina Steel and SMI Rebar South Carolina divisions of SMI-Owen Steel Company, Inc. are not part of the transaction and will continue normal operations. Binh Huynh, Executive Vice President of the CMC Steel Group, said, "Commercial Metals has diversified its downstream operations in rebar fabrication, small to medium structural fabrication, concrete-related products, joists and other specialty areas. Heavy structural fabrication and installation on the scale of projects undertaken by this division of SMI-Owen Steel Company are not considered core to our growth strategy. The capital released by this pending sale will be used to implement that growth strategy and we believe generate greater returns for our shareholders." (more) Page 2 Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products and related materials and services through a network of over 130 locations including 4 steel minimills, 27 steel fabrication plants, 5 steel joist plants, a castellated and cellular beam fabricating plant, 4 steel fence post manufacturing plants, 2 heat treating plants, a railcar rebuilding facility, 24 concrete-related product warehouses, a railroad salvage company, a copper tube mill, 43 metal recycling facilities and 16 marketing and trading offices in the United States and in strategic overseas markets. Paragraphs one and two of this news release contain forward-looking statements regarding the outlook for the Company's financial results including net earnings, return on invested capital, and possible acquisitions. These forward-looking statements generally can be identified by phrases such as the company or its management "believe," "expects," "anticipates," or other words or phrases of similar impact. There is inherent risk and uncertainty in any forward-looking statements. Variances will occur and some could be materially different from management's current opinion. Developments that could impact the Company's expectations include delays or postponement of contract closings, lack of adequate alternative investment opportunities, interest rate changes, construction activity, global factors including credit availability, currency fluctuations, energy prices, and decisions by governments impacting the level of steel imports and pace of overall economic activity. -(END)- Contact: Debbie Okle Director, Public Relations 214.689.4354 -----END PRIVACY-ENHANCED MESSAGE-----