SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): February 12, 2004
Universal Stainless & Alloy Products, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-25032 25-1724540
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 Mayer Street, Bridgeville, Pennsylvania 15017
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (412) 257-7600
Item 5. Other Events.
On February 12, 2004, Universal Stainless & Alloy Products, Inc. (the
"Company"), announced that it had exited the February 11, 2004 auction for the
assets of the idled Fort Wayne, Indiana specialty steel bar facility of Slater
Steels Corporation, the U.S. subsidiary of Slater Steel, Inc.
The press release, dated February 12, 2004, 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.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit 99.1 Press Release dated February 12, 2004.
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
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Vice President of Finance,
Chief Financial Officer and Treasurer
Dated: February 12, 2004
EXHIBIT INDEX
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Exhibit 99.1 Press Release dated February 12, 2004.
Exhibit 99.1
[GRAPHIC OMITTED][GRAPHIC OMITTED]
Universal Stainless & Alloy Products, Inc.
600 Mayer Street o Bridgeville, Pennsylvania 15017
CONTACT: 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 Exits Auction for Fort Wayne Plant of Slater Steel
BRIDGEVILLE, PA, February 12, 2004 -- Universal Stainless & Alloy Products,
Inc. (Nasdaq:USAP) reported today that it exited yesterday's auction for the
assets of the idled Fort Wayne, Indiana specialty steel bar facility of Slater
Steels Corporation, after the bid exceeded the Company's estimated value of the
assets. Slater Steels Corporation and its parent company Slater Steel Inc.
(TSX:SSI), of Mississsauga, Ontario, Canada both filed for bankruptcy protection
in 2003.
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
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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, limited
operating history 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.
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