SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )
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[X] Soliciting Material Pursuant to 240.14a-11(c) or 240.14a-12
(Name of Registrant as Specified In Its Charter)
TITANIUM METALS CORPORATION
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation Bruce P. Inglis
1999 Broadway, Suite 4300 Vice President - Finance
Denver, Colorado 80202 and Corporate Controller
(303) 296-5600
TIMET ANNOUNCES DATE FOR 2004 ANNUAL MEETING OF STOCKHOLDERS,
TIMELINE FOR EFFECTIVENESS OF 5-FOR-1 STOCK SPLIT AND
ADDITION OF TIMET TO RUSSELL INDEXES
DENVER, COLORADO . . . June 28, 2004 . . . Titanium Metals Corporation
("TIMET" or the "Company") (NYSE: TIE) announced today that its 2004 Annual
Meeting of Stockholders ("Annual Meeting") will be held at 10:00 a.m. (local
time) on August 5, 2004, at the offices of the Company, 1999 Broadway, Suite
4300, Denver, Colorado. Additional information concerning this meeting will be
included in the Company's Notice of Annual Meeting of Stockholders and Proxy
Statement ("Proxy Statement"), which will be furnished to stockholders of record
as of July 6, 2004.
As previously announced on March 24, 2004, the Company will submit to its
stockholders at the Annual Meeting a proposal to amend its Certificate of
Incorporation to increase its authorized capital stock, which is necessary to
effect the 5-for-1 split of its common stock previously approved by the
Company's Board of Directors. Subject to stockholder approval of the amendment
of the Company's Certificate of Incorporation and the approval of the listing of
additional shares on the New York Stock Exchange ("NYSE"), the stock split will
be effected by means of a dividend of four shares of TIMET's common stock for
each issued and outstanding share of common stock. Upon satisfaction of the NYSE
listing requirements, the record date for the stock split will be announced.
TIMET will mail to its stockholders a Proxy Statement in connection with
the Annual Meeting to consider and vote upon the foregoing proposal as well as
certain other matters anticipated to come before the Company's stockholders at
the Annual Meeting. This press release is not a solicitation of proxies in
connection with the approval of the amendment to the Certificate of
Incorporation or other matters to be acted on at the Annual Meeting.
Stockholders are urged to read the Proxy Statement carefully when it becomes
available because it will contain important information concerning the matters
to be acted upon at the Annual Meeting. Additional copies of the Proxy Statement
will be available to stockholders without charge by telephone (303-296-5600) or
in writing (Investor Relations Department, Titanium Metals Corporation, 1999
Broadway, Suite 4300, Denver, Colorado 80202). In addition, stockholders will be
able to obtain copies without charge of the Proxy Statement filed by TIMET with
the Securities and Exchange Commission ("SEC") on the SEC's website at
http://www.sec.gov.
Additionally, the Company was notified that effective with the close of the
market on June 25, 2004, TIMET was added to the Russell 3000(R) Index (and the
Russell 2000(R) Index). The Russell 3000, comprised of the 3,000 largest
companies incorporated in the United States and its territories based on total
market capitalization, represents approximately 98% of the U.S. market. The
Russell 2000 includes the smallest 2,000 securities in the Russell 3000.
TIMET, headquartered in Denver, Colorado, is a leading worldwide producer
of titanium metal products. Information on TIMET is available on the Company's
website at http://www.timet.com.
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