-----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, Nu5j45TuoxdQxFKE0L7HPil6Tv35ezutevkpPCFtBLm9S5gg4uEzPjummJDzvv77 q0741q6AbF/c+0Q27zyQlw== 0000898431-02-000151.txt : 20021209 0000898431-02-000151.hdr.sgml : 20021209 20021209115110 ACCESSION NUMBER: 0000898431-02-000151 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021209 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL STAINLESS & ALLOY PRODUCTS INC CENTRAL INDEX KEY: 0000931584 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 251724540 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25032 FILM NUMBER: 02851847 BUSINESS ADDRESS: STREET 1: 600 MAYER ST CITY: BRIDGEVILLE STATE: PA ZIP: 15017 BUSINESS PHONE: 4122577600 MAIL ADDRESS: STREET 1: 600 MAYER ST CITY: BRIDGEVILLE STATE: PA ZIP: 15017 8-K 1 form8k_120902.txt FORM 8-K 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): December 9, 2002 Universal Stainless & Alloy Products, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 000-25032 25-1724540 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 600 Mayer Street, Bridgeville, Pennsylvania 15017 --------------------------------------------------------- ------------- (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (412) 257-7600 Item 5. Other Events. On December 9, 2002, Universal Stainless & Alloy Products, Inc. (the "Company") announced that it had reached a six-year collective bargaining agreement with the employees at the Company's largest facility, located in Bridgeville, Pennsylvania, who are represented by Local 3403 of the United Steelworkers of America. The press release, dated December 9, 2002, issued by the Company with respect to this matter is attached hereto as Exhibit 99.1 and is hereby incorporated herein by reference in its entirety. The foregoing description is qualified in its entirety by reference to the complete text of the press release as set forth in Exhibit 99.1. Item 7. Financial Statements and Exhibits. (a) Not applicable (b) Not applicable (c) Exhibits Exhibit 99.1 Press Release dated December 9, 2002. Page 2 of 4 pages. 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. UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC. By: /s/ Richard M. Ubinger -------------------------------------- Vice President of Finance, Chief Financial Officer and Treasurer Dated: December 9, 2002 Page 3 of 4 pages. EXHIBIT INDEX ------------- Exhibit 99.1 Press Release dated December 9, 2002. Page 4 of 4 pages. EX-99 3 exh99-1_120902.txt EXHIBIT 99.1 [GRAPHIC OMITTED] Universal Stainless & Alloy Products, Inc. 600 Mayer Street o Bridgeville, Pennsylvania 15017 CONTACTS: Richard M. Ubinger Vice President of Finance, Chief Financial Officer and Treasurer (412) 257-7606 FOR IMMEDIATE RELEASE - --------------------- Comm-Partners LLC June Filingeri (203) 972-0186 UNIVERSAL STAINLESS REACHES LABOR AGREEMENT WITH BRIDGEVILLE EMPLOYEES BRIDGEVILLE, PA, December 9, 2002 - Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that it has reached a six-year collective bargaining agreement with the employees at the Company's largest facility located in Bridgeville, PA who are represented by Local 3403 of the United Steelworkers of America (USWA). The employees had been working under a day-to-day extension of a prior agreement, which otherwise would have expired August 31, 2002. The Company's facilities in Dunkirk, NY and Titusville, PA are covered by separate collective bargaining agreements expiring in October 2007 and September 2005, respectively. The new Bridgeville contract, which expires August 31, 2008, includes a 50-cent per hour per year wage increase and increased funding to the various employee benefit plans offered by the Company. In addition, the Company has agreed to contribute to the Steelworkers Pension Trust Plan (a multi-employer pension plan) as long as the Plan meets specified financial performance measures. These contributions are in lieu of the Company's current contributions to the existing 401(k) plan. Mac McAninch, President and Chief Executive Officer, commented: "Management invested significant time and effort in evaluating and negotiating various alternatives to address the rising cost of healthcare and the future retirement benefits of our employees. We believe the new contract is beneficial to our employees and the six-year agreement is in the best interests of our shareholders. The new contract maintains the flexible work rule terms and profit sharing incentives contained in the prior contract." UNIVERSAL STAINLESS REACHES BRIDGEVILLE LABOR AGREEMENT - Page 2 - About Universal Stainless & Alloy Products, Inc. - ------------------------------------------------ Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, PA, manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company's products are sold to original equipment manufacturers, service centers, forgers, rerollers and wire redrawers. Forward-Looking Information Safe Harbor - --------------------------------------- Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with the acquisition of the Empire Specialty Steel assets and the start-up of Dunkirk Specialty Steel LLC, risks associated with the receipt, pricing and timing of future customer orders, risks related to the financial viability of customers, risks associated with the manufacturing process and production yields, and risks related to property, plant and equipment. Certain of these risks and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company. # # # -----END PRIVACY-ENHANCED MESSAGE-----