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): December 8, 1998 STILLWATER MINING COMPANY -------------------------------------------------------- (Exact name of registrant as specified in its charter) INCORPORATED UNDER THE LAWS OF DELAWARE 0-25090 81-0480654 - -------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employee of incorporation) File Number) Identification No.) 1200 SEVENTEENTH STREET, SUITE 900, DENVER, CO 80202 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (303) 352-2060 -------------- ITEM 5. OTHER EVENTS On December 8, 1998, Stillwater Mining Company announced that its Board of Directors approved a 50% stock dividend on the Company's common stock to shareholders of record on December 21, 1998. In the stock dividend, each holder of two shares of the Company's common stock outstanding prior to the dividend will receive a dividend of one share of the Company's common stock. The distribution date for the stock dividend will be December 31, 1998. Fractional shares will be paid in cash. As a result of the stock divided, the Company's outstanding shares will increase from 23.0 million shares to approximately 34.5 million shares. 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. STILLWATER MINING COMPANY (Registrant) Date December 30, 1998 By: /S/ JAMES A. SABALA ----------------------------------------------- Name: James A. Sabala Title: Vice President and Chief Financial Officer