-----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, OZ+O2QP4dmYAq742e3E0KstZnWQ8JWnYvYG3SvM0NK4x9WinyL/4m6GbUnAv5wLh MQr7q8I7+t80hzizjTNiYQ== 0001144204-07-035948.txt : 20070710 0001144204-07-035948.hdr.sgml : 20070710 20070710155054 ACCESSION NUMBER: 0001144204-07-035948 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070710 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070710 DATE AS OF CHANGE: 20070710 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STILLWATER MINING CO /DE/ CENTRAL INDEX KEY: 0000931948 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS METAL ORES [1090] IRS NUMBER: 810480654 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13053 FILM NUMBER: 07972173 BUSINESS ADDRESS: STREET 1: 1321 DISCOVERY DRIVE CITY: BILLINGS STATE: MT ZIP: 59102 BUSINESS PHONE: 406.373.8700 MAIL ADDRESS: STREET 1: 1321 DISCOVERY DRIVE CITY: BILLINGS STATE: MT ZIP: 59102 8-K 1 v080641_8k.htm

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):    July 10, 2007
 
Stillwater Mining Company
(Exact name of registrant as specified in its charter)

Delaware
1-13053
81-0480654
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)

1321 Discovery Drive, Billings, Montana
59102
(Address of Principal Executive Offices)
(Zip Code)

Registrant's telephone number, including area code    (406) 373-8700

Not applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 

Item 8.01 Other Events

On July 10, 2007, Stillwater Mining Company (the "Company") issued a press release regarding the status of the Company's discussions with USW International Union Local 11-0001, relating to the failure to ratify the new labor agreement reached on July 2, 2007. A copy of the press release is attached hereto as Exhibit 99.1

The information, including the exhibit attached hereto, in this Current Report is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as otherwise expressly stated in such filing.


(d)
Exhibits.

99.1
Press release issued on July 10, 2007, by Stillwater Mining Company.
 
 
 

 
 
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.
 
     
 
STILLWATER MINING COMPANY
 
 
 
 
 
 
Dated: July 10, 2007 By:   /s/ John Stark
 
Name: John Stark
  Title: Vice President
 
 
 

 

EXHIBIT INDEX

Number
Title
   
99.1
Press release issued on July 10, 2007, by Stillwater Mining Company.

 
 

 
EX-99.1 2 v080641_ex99-1.htm
│ PRESS RELEASE │


FOR IMMEDIATE RELEASE:
July 10, 2007
 
CONTACT:
John R. Stark or John Beaudry
406-373-8700

 
UNION MEMBERSHIP TURNS DOWN LABOR CONTRACT AT STILLWATER MINE
AND PROCESSING FACILITIES; STRIKE PENDING

BILLINGS, MONTANA - STILLWATER MINING COMPANY (NYSE:SWC) has been informed that union employees at the Company’s Stillwater Mine and Columbus processing facilities, represented by the USW International Union Local 11-0001, failed to ratify the new labor agreement reached on July 2, 2007. As a result, the Union has called for a strike to begin upon expiration of the current labor agreement at 12:01 a.m. on Wednesday, July 11, 2007. In the meantime, production and processing operations at both facilities are continuing.

Commenting on the outcome of the vote, Stillwater’s Chairman and CEO, Frank McAllister, said, “Clearly, we are disappointed that the new contract was not ratified. A strike will be economically painful, not only for the Company, but for our employees, their families and the local communities, as well. We intend to return to the negotiating table as soon as possible and are hopeful that an acceptable agreement can be reached.”

*  *  *

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and the Russian Federation. The Company’s shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining can be found at its Website: www.stillwatermining.com.
 
Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, comments regarding expansion plans, costs, grade, production and recovery rates, permitting, financing needs, the terms of future credit facilities and capital expenditures, increases in processing capacity, cost reduction measures, safety, timing for engineering studies, and environmental permitting and compliance, litigation, labor matters and the palladium and platinum market. Additional information regarding factors, which could cause results to differ materially from management's expectations, is found in the section entitled "Risk Factors" in the Company's 2006 Annual Report on Form 10-K. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.

 
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