UNITED STATES
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): June 1, 2004
Allegheny Technologies Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 1-12001 25-1792394
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (412) 394-2800
Item 2. Acquisition or Disposition of Assets
On June 1, 2004, a subsidiary of Allegheny Technologies Incorporated
("ATI") acquired substantially all of the assets of J&L Specialty Steel, LLC
("J&L"), a producer of stainless steel. The consideration for the acquisition
consisted of a payment of $7,500,000 at closing, the issuance to J&L of a
promissory note in the principal amount of $7,500,000 that matures on June 1,
2005, the issuance to J&L of a promissory note in the principal amount of
$52,209,367, which is subject to adjustment on the terms set forth in the asset
purchase agreement and has a final maturity of July 1, 2011, and the assumption
of certain current liabilities. The amount of the consideration was determined
through negotiation. The source of funds used to effect the acquisition was ATI
working capital. The property, plant and equipment acquired were used by J&L to
produce stainless steel, and ATI intends to continue such use.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired.
Financial statements required by this Item will be filed by
amendment not later than 60 days after the date of this initial report on Form
8-K.
(b) Pro forma financial information.
Pro forma financial information required by this Item will be
filed by amendment not later than 60 days after the date of this initial report
on Form 8-K.
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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.
ALLEGHENY TECHNOLOGIES INCORPORATED
By: /s/ Jon D. Walton
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Jon D. Walton
Executive Vice President-Human Resources,
Chief Legal and Compliance Officer,
General Counsel and Corporate Secretary
Dated: June 15, 2004
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