-----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, RbvwnezTLk9j/AdP47s8tMYThiBQ2l6DcjJS9oDk3zn4uJazUqrP+jz0gQ1bplte t3z9/xdcNWCs9/VtL+q8Wg== 0000950172-99-001529.txt : 19991109 0000950172-99-001529.hdr.sgml : 19991109 ACCESSION NUMBER: 0000950172-99-001529 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19991108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BIRMINGHAM STEEL CORP CENTRAL INDEX KEY: 0000779334 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 133213634 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: SEC FILE NUMBER: 001-09820 FILM NUMBER: 99743550 BUSINESS ADDRESS: STREET 1: 1000 URBAN CENTER DRIVE STREET 2: SUITE 300 CITY: BIRMINGHAM STATE: AL ZIP: 35242 BUSINESS PHONE: 2059701200 MAIL ADDRESS: STREET 1: P.O. BOX 1208 CITY: BIRMINGHAM STATE: AL ZIP: 35201-1208 DEFA14A 1 SCHEDULE 14A (RULE 14A-101) SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. ) Filed by the Registrant {X} Filed by a Party other than the Registrant { } Check the appropriate box: { } Preliminary Proxy Statement { } Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) { } Definitive Proxy Statement {X} Definitive Additional Materials { } Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 BIRMINGHAM STEEL CORPORATION --------------------------------------------------------- (Name of Registrant as specified in its charter) ---------------------------- (Name of person(s) filing proxy statement, if other than Registrant) Payment of Filing Fee (Check the appropriate box): {X} No fee required. { } Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0- 11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11: (4) Proposed maximum aggregate value of transactions: (5) Total fee paid. _____ { } Fee paid previously with preliminary materials. { } Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Birmingham Steel Corporation Contacts: Roy Winnick/Roanne Kulakoff Kekst and Company 212-521-4842 or 4837 ALABAMA COURT DISMISSES UNITED GROUP LAWSUIT AGAINST BIRMINGHAM STEEL BIRMINGHAM, Ala. (November 8, 1999) - An Alabama court today dismissed the lawsuit recently filed against Birmingham Steel Corporation (NYSE: BIR) by the United Group, a dissident stockholder group led by the United Company, John Correnti and James Todd. In an order issued today, the Circuit Court of Jefferson County, Alabama dismissed the action brought by the United Group, stating that the complaint had no merit. Robert A. Garvey, Chairman and Chief Executive of Birmingham Steel, said: "The Court Order confirms what we said on October 15th when the United Group filed suit against us, which was that the dissidents' lawsuit was without merit. In our view, the United Group's lawsuit and its related legal and public relations manuevers were part of the dissidents' continuing efforts to spread fear, uncertainty and doubt among our stockholders in support of its attempt to take control of the Company. We are pleased that the Court has dismissed the United Group's lawsuit and thereby removed a potential obstacle to the timely and successful completion of our strategic restructuring." On October 15th, in an apparent effort to undermine the Company's strategic restructuring plan, the United Group filed a complaint against the Company in Jefferson County Circuit Court requesting that the Court grant a temporary restraining order and preliminary injunction requiring that Birmingham Steel provide them with five business days' notice of the terms and conditions of any transaction the Company might enter into, prior to the Annual Meeting, that would bind the Company to sell its SBQ division. Birmingham Steel operates in the mini-mill sector of the steel industry and conducts operations at facilities located across the United States. The common stock of Birmingham Steel is traded on the New York Stock Exchange under the symbol "BIR." # # # -----END PRIVACY-ENHANCED MESSAGE-----