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): March 26, 2003
WHX CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-2394 13-3768097
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
110 East 59th Street, New York, New York 10022
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (212) 355-5200
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N/A
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(Former name or former address, if changed since last report.)
Item 5. Other Events.
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On March 26, 2003, Wheeling-Pittsburgh Steel Corporation ("WPSC"),
an indirect subsidiary of WHX Corporation (WHX"), issued a press release, which
is set forth as Exhibit 99.1 to this Current Report, announcing that its revised
$250 million loan guarantee application was approved by the Emergency Steel Loan
Guarantee Board. The approval of the guaranty is subject to the satisfaction of
various conditions including, without limitation, confirmation of a plan of
reorganization for WPSC and resolution of the treatment of the WHX Pension Plan
acceptable to the Pension Benefit Guaranty Corporation. The loan will be used to
finance WPSC's emergence from bankruptcy protection and to fund its strategic
plan, which calls for investments in state-of-the-art technology that will
improve manufacturing efficiency.
On March 27, 2003, WPSC issued a press release, which is set forth
as Exhibit 99.2 to this Current Report, announcing that WHX had filed an answer
in court contesting the Pension Benefit Guaranty Corporation's action to
terminate the WHX Pension Plan.
For additional information, reference is made to the press releases
attached hereto as Exhibits 99.1 and 99.2.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits
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Exhibit No. Exhibits
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99.1 Press Release of Wheeling-Pittsburgh
Steel Corporation dated March 26,
2003.
99.2 Press Release of Wheeling-Pittsburgh
Steel Corporation dated March 27,
2003.
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.
WHX CORPORATION
Dated: March 27, 2003 By: /s/ Robert Hynes
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Name: Robert Hynes
Title: Chief Financial Officer
