-----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, Bojw90qYra4QUAaprCoJVAbQj92hgErFf4PvqVFd3QZIoyxZLNtVlpwQpSvkWKzU XXpRn6zTkxDr2sBE+OLYcA== 0000055604-01-500005.txt : 20010726 0000055604-01-500005.hdr.sgml : 20010726 ACCESSION NUMBER: 0000055604-01-500005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010725 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010725 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEYSTONE CONSOLIDATED INDUSTRIES INC CENTRAL INDEX KEY: 0000055604 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 370364250 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03919 FILM NUMBER: 1689150 BUSINESS ADDRESS: STREET 1: 5430 LBJ FWY STE 1740 STREET 2: THREE LINCOLN CENTRE CITY: DALLAS STATE: TX ZIP: 75240 BUSINESS PHONE: 2144580028 MAIL ADDRESS: STREET 1: 5430 LBJ FWY STE 1740 STREET 2: THREE LINCOLN CENTRE CITY: DALLAS STATE: TX ZIP: 75240 FORMER COMPANY: FORMER CONFORMED NAME: KEYSTONE STEEL & WIRE CO DATE OF NAME CHANGE: 19710506 8-K 1 kci8k.txt KEYSTONE CONSOLIDATED INDUSTRIES, INC. FORM 8-K 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 July 25, 2001 (Date of Report, date of earliest event reported) KEYSTONE CONSOLIDATED INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) Delaware 1-3919 37-0364250 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 5430 LBJ Freeway, Suite 1740, Dallas, TX 75240-2697 (Address of principal executive offices) (Zip Code) (972) 450-0028 (Registrant's telephone number, including area code) (Former name or address, if changed since last report) Item 5: Other Events On July 25, 2001, the registrant, Keystone Consolidated Industries, Inc., issued the press release attached hereto as Exhibit 99.1, which is incorporated herein by reference. Item 7: Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibit Item No. Exhibit Index ---------- ------------------------------------------ 99.1 Press release dated July 25, 2001 issued by Keystone Consolidated Industries, Inc. 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. KEYSTONE CONSOLIDATED INDUSTRIES, INC. (Registrant) By: /s/ Robert W. Singer ---------------------------- Robert W. Singer President Date: July 25, 2001 EX-99 2 kcipr.txt PRESS RELEASE DATED 7-25-01 KEYSTONE CONSOLIDATED INDUSTRIES, INC. [LOGO GOES HERE] ================================================================================ PRESS RELEASE ================================================================================ FOR IMMEDIATE RELEASE CONTACT: Keystone Consolidated Industries, Inc. J. Mark Hollingsworth 5430 LBJ Freeway, Suite 1740 Acting General Counsel Dallas, Texas 75240-2697 (972) 458-0028 (972) 458-0028 KEYSTONE ANNOUNCES INTENT TO SEEK CONSENT FROM SENIOR SECURED NOTEHOLDERS DALLAS, TEXAS -- July 25, 2001 -- Keystone Consolidated Industries, Inc. (NYSE: KES), an integrated wire and wire products producer, announced today that it will request a consent from holders of its 9 5/8% Senior Secured Notes due 2007 to defer the exercise of such holders' right to accelerate the payment of the notes pursuant the acceleration provisions of the governing indenture. Despite efforts to improve operating results through improved operating efficiencies, medical cost sharing arrangements and other initiatives, the prolonged downturn in the steel industry continues to adversely affect Keystone's liquidity and capital resources. Consequently, Keystone does not expect to pay the interest on the notes due on August 1, 2001. Under the governing indenture, a failure to make the scheduled interest payment for thirty days will give rise to a right to accelerate the unpaid portion of the notes. Keystone plans to seek an agreement to defer the acceleration of the notes to permit Keystone to explore possible restructuring alternatives to improve its overall financial condition. Keystone has received an agreement from its working capital lender to forbear remedies available to it solely as a result of Keystone's failure to make the required interest payment on the notes. Keystone Consolidated Industries, Inc. is headquartered in Dallas, Texas. Keystone is a leading manufacturer and distributor of fencing and wire products, carbon steel rod, industrial wire, nails and construction products for the agricultural, industrial, construction, original equipment markets and the retail consumer. Keystone is traded on the New York Stock Exchange under the symbol of KES. * * * * * * * * * * -----END PRIVACY-ENHANCED MESSAGE-----