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 7, 2003
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5: Other Events
On July 7, 2003 the Registrant and the U.S. Equal Employment Opportunity
Commission issued the joint press release attached hereto as Exhibit 99.1 which
is incorporated herein by reference. The press release relates to an
announcement by both parties of the settlement of a sexual harassment lawsuit
filed against the Registrant on September 29, 2000.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Joint Press Release dated July 7, 2003 issued by
Registrant and U.S. Equal Employment Opportunity
Commission
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.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Matthew O'Leary
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Matthew O'Leary
Corporate Attorney and Assistant Secretary
Date: July 7, 2003
EXHIBIT 99.1
U.S. EQUAL EMPLOYMENT OPPORTUNITY COMMISSION
Los Angeles District Office
255 EAST TEMPLE STREET, 4TH FLOOR
LOS ANGELES, CALIFORNIA 90012
FOR IMMEDIATE RELEASE CONTACT: Gregory Gochanour
July 7, 2003 Acting Regional Attorney
(312) 886-9124
OR TIMET: Joan Prusse
General Counsel
(303) 296-5600
EEOC AND TIMET SETTLE SEXUAL HARASSMENT LAWSUIT
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Settlement Includes Anti-Discrimination Training and Monitoring of Company
LAS VEGAS - The U.S. Equal Employment Opportunity Commission (EEOC) and
Titanium Metals Corporation ("TIMET") today announced the settlement of a sexual
harassment lawsuit against TIMET, filed on September 29, 2000 on behalf of six
female former and current employees of TIMET's Henderson, NV facility. Without
admitting any liability in the lawsuit, under the settlement TIMET has agreed it
will not permit unlawful sexual harassment or retaliation, will conduct
comprehensive anti-discrimination training, and has agreed to record-keeping and
reporting obligations to be monitored by the EEOC over the duration of the two
year term of the Settlement Agreement.
The EEOC's lawsuit alleged that current and former female employees were
sexually harassed by supervisors or co-workers at the TIMET facility in
Henderson, Nevada and certain were retaliated against. The litigation was filed
in the U.S. District Court, District of Nevada in September, 2000 (EEOC v.
Titanium Metals Corporation, Inc. d/b/a TIMET, CV S-00-1172 JCM (RJJ)).
"Sexual harassment is still a serious problem in the U.S. workforce that
employers should pay attention to," said Gregory Gochanour, Acting Regional
Attorney for the EEOC's Los Angeles District Office. "EEOC guidelines and
Supreme Court rulings make it crystal clear that employers are responsible for
taking swift action to address and correct sexual harassment once they become
aware of it."
JOINT EEOC AND TIMET PRESS RELEASE - Page 2
Peter F. Laura, a Senior Trial Attorney of the EEOC's Los Angeles District
Office, said: "We have seen substantial improvement in the way TIMET handles
sexual harassment complaints in the last few years. We expect that to continue."
TIMET's General Counsel, Joan Prusse, said: "TIMET has always been
committed to a workplace that is free of unlawful sexual harassment and
retaliation, and we are pleased to have reached a settlement that enables us to
put this lawsuit behind us and avoid the time and expense of further legal
proceedings."
TIMET, headquartered in Denver, Colorado, is a leading worldwide producer
of titanium metal products. Information on TIMET is available on the internet at
www.timet.com.
In addition to enforcing Title VII of the Civil Rights Act of 1964, which
prohibits employment discrimination based on race, color, religion, sex or
national origin, the EEOC enforces the Age Discrimination in Employment Act,
Title I of the Americans with Disabilities Act, the Equal Pay Act and sections
of the Civil Rights Act of 1991. Further information about the Commission is
available on the agency's web site at www.eeoc.gov.
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