-----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, EBLn4voqDVxHg/IXmm7YQGaojGby9tXVASq5iUdvvaHEs/MxNN+TP+8LjYeKCAuC 3QB+a3PQ2LDVs0UR8Pe33w== 0000950131-99-002320.txt : 19990416 0000950131-99-002320.hdr.sgml : 19990416 ACCESSION NUMBER: 0000950131-99-002320 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990415 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL STEEL CORP CENTRAL INDEX KEY: 0000070578 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 250687210 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00983 FILM NUMBER: 99594717 BUSINESS ADDRESS: STREET 1: 4100 EDISON LAKES PARKWAY CITY: MISHAWAKA STATE: IN ZIP: 46545-3440 BUSINESS PHONE: 2192737000 MAIL ADDRESS: STREET 1: 4100 EDISON LAKE PARKWAY CITY: MISHAWAKA STATE: IN ZIP: 46545-3440 8-K 1 NATIONAL STEEL CORPORATION 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): April 15, 1999 (April 13, 1999) NATIONAL STEEL CORPORATION (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-983 25-0687210 (Commission File Number) (IRS Employer Identification No.) 4100 Edison Lakes Parkway, Mishawaka, IN 46545-3440 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: 219-273-7000 ITEM 5. OTHER EVENTS National Steel Corporation issued a press release on April 13, 1999 announcing that it has purchased the remaining interest in ProCoil Corporation from Marubeni Corporation. A copy of this press release is attached hereto as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS Exhibit 99.1 Press release dated April 13, 1999. 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. NATIONAL STEEL CORPORATION Date: April 15, 1999 By: /s/Glenn H. Gage ------------------------------------------------- Glenn H. Gage Senior Vice President and Chief Financial Officer EX-99.1 2 PRESS RELEASE DATED APRIL 13, 1999 Exhibit 99.1 News Release - ------------ Media Contact: Clarence Ehlers (219) 273-7327 Analyst/Investor Contact: Joseph A. Rainis (219) 273-7158 NATIONAL STEEL PURCHASES REMAINING INTEREST IN PROCOIL Mishawaka, IN, April 13, 1999 - National Steel Corporation (NYSE: NS) today announced that it has purchased the remaining interest in ProCoil Corporation from Marubeni Corporation. Prior to this transaction, ProCoil had been a joint venture with National Steel owning a 56% equity interest and Marubeni the remaining 44% equity interest. ProCoil operates a steel processing facility which began operations in 1988. National Steel ships approximately 250,000 tons per year to this facility. ProCoil blanks, slits, and cuts steel coils to desired lengths to service automotive market customers and, beginning this year, will also provide laser welding services. In addition, ProCoil warehouses material to assist National Steel in providing just-in-time delivery to customers. The purchase of the remaining shares of ProCoil is intended to be another step in National Steel's strategy to get closer to its end user customers and is expected to increase customer focus and expedite decision making. "This change in ownership will further enhance our automotive advantage," said Thomas A. Baird, Vice President Automotive and Container Sales. "It will increase our ability to control costs, improve our product quality and make very good use of a climate controlled warehouse facility to improve delivery and service to our automotive customers," concluded Baird. All statements contained in this release, other than historical information, are forward-looking statements. A variety of factors could cause business conditions and the Company's actual results and experience to differ materially from those expected by the Company or expressed in the Company's forward-looking statements. Additional information concerning these factors is available in the Company's most recent Form 10-K for the year ended December 31, 1998. Headquartered in Mishawaka, Indiana, National Steel Corporation is the nation's fourth largest integrated steel company, with annual shipments of approximately six million tons of flat-rolled products. National Steel employs approximately 9,200 employees. Visit National Steel's website at: www.nationalsteel.com. -----END PRIVACY-ENHANCED MESSAGE-----