UNITED STATES
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): | November 15, 2004 |
USEC Inc.
__________________________________________
(Exact name of registrant as specified in its charter)
Delaware | 1-14287 | 52-2107911 |
_____________________ (State or other jurisdiction | _____________ (Commission | ______________ (I.R.S. Employer |
of incorporation) | File Number) | Identification No.) |
2 Democracy Center, 6903 Rockledge Drive, Bethesda, Maryland | 20817 | |
_________________________________ (Address of principal executive offices) | ___________ (Zip Code) |
Registrant’s telephone number, including area code: | (301) 564-3200 |
Not Applicable
______________________________________________
Former name or former address, if changed since last report
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On November 15, 2004, USEC Inc. (the "Company") entered into an agreement with Timothy B. Hansen, Senior Vice President, General Counsel and Secretary of the Company, relating to Mr. Hansen's resignation of employment with the Company. Mr. Hansen will resign effective December 1, 2004. Under the terms of the agreement, Mr. Hansen will receive a severance payment of $1,215,648 in two installments, continuation of benefits for a two year period, full vesting of restricted stock and options, and certain outplacement assistance, and the Company may request Mr. Hansen to serve as an unpaid consultant for a period of six months.
Item 9.01. Financial Statements and Exhibits.
Exhibit Number -- 10.73
Description -- Severance Agreement and General Release, dated November 15, 2004, between USEC Inc. and Timothy B. Hansen, Senior Vice President, General Counsel and Secretary.
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.
USEC Inc. | ||||
November 19, 2004 | By: | /s/ Ellen C. Wolf | ||
Name: Ellen C. Wolf | ||||
Title: Senior Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) |
Exhibit Index
Exhibit No. | Description | |
10.73 | Severance Agreement and General Release, dated November 15, 2004, between USEC Inc. and Timothy B. Hansen, Senior Vice President, General Counsel and Secretary. |