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): July 5, 1999 MAXXAM GROUP HOLDINGS INC. (Exact name of Registrant as Specified in its Charter) DELAWARE (State or other jurisdiction of incorporation) 333-18723 (Commission File Number) 76-0518669 (I.R.S. Employer Identification Number) 5847 SAN FELIPE, SUITE 2600 77057 HOUSTON, TEXAS (Zip Code) (Address of Principal Executive Offices) Registrant's telephone number, including area code: (713) 975-7600 ITEM 5. OTHER EVENTS Attached hereto as Exhibits 99.1 and 99.2 are press statements issued by Kaiser Aluminum & Chemical Corporation ("KACC") in connection with an explosion at its Grammercy, Louisiana alumina refinery on July 5, 1999. Kaiser Aluminum Corporation, in which the Registrant owns a 35.4% interest, is the parent of KACC. 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. MAXXAM GROUP HOLDINGS INC. (Registrant) Date: July 9, 1999 By: /s/ Paul N. Schwartz Paul N. Schwartz Vice President and Chief Financial Officer