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): September 3, 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 September 3, 2002, Universal Stainless & Alloy Products, Inc. (the
"Company") announced that it has agreed with the United Steelworkers of America
(USWA) for a day-to-day extension of the collective bargaining agreement
covering the hourly employees at the Company's Bridgeville facility. The
extension provides additional time to negotiate a mutually acceptable labor
agreement.
The press release, dated September 3, 2002, issued by the Company with
respect to the day-to-day extension of the collective bargaining agreement
described herein, 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 September 3, 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: September 4, 2002
Page 3 of 4 pages.
EXHIBIT INDEX
-------------
Exhibit 99.1 Press Release dated September 3, 2002.
Page 4 of 4 pages.
[GRAPHIC OMITTED][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 BRIDGEVILLE CONTRACT EXTENDED
WHILE UNION TALKS CONTINUE
BRIDGEVILLE, PA, September 3, 2002 - Universal Stainless & Alloy
Products, Inc. (Nasdaq:USAP) announced today that it has agreed with the United
Steelworkers of America (USWA) for a day-to-day extension of the collective
bargaining agreement covering the hourly employees at the Company's Bridgeville
facility. The extension provides additional time to negotiate a mutually
acceptable labor agreement.
During the extension, the employees will continue to work under the
terms and conditions of the prior agreement, which otherwise would have expired
at midnight August 31, 2002. Either party may terminate the extension agreement
with 48 hours notice.
The Company's facilities in Dunkirk, NY and Titusville, PA are covered
by separate collective bargaining agreements and are not affected by the current
negotiations.
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.
USAP BRIDGEVILLE CONTRACT EXTENDED - PAGE 2 -
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
SUCCESSFUL 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, RISKS ASSOCIATED WITH THE NEGOTIATION OF A NEW
COLLECTIVE BARGAINING AGREEMENT WITH THE UNITED STEELWORKERS OF AMERICA
REPRESENTING THE HOURLY EMPLOYEES AT THE BRIDGEVILLE FACILITY, 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.
# # #