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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 17, 2001
SIMCALA, INC.
(Exact name of registrant as specified in charter)
DELAWARE 333-53791 34-1780941
(State or other (Commission file number) (I.R.S. Employer
jurisdiction of incorporation) Identification No.)
1940 OHIO FERRO ROAD
MT. MEIGS, ALABAMA 36057
(Address of principal executive offices)
(334) 215-7560
(Registrant's telephone number, including area code)
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ITEM 9. REGULATION FD DISCLOSURE.
Simcala, Inc. (the "Company") is furnishing this Report on Form 8-K
pursuant to Regulation FD in connection with the disclosure of information
regarding the Company's 9 - 5/8% Senior Notes due 2006 (the "Notes"), issued
pursuant to the Indenture (the "Indenture") dated as of March 31, 1998 by and
between SAC Acquisition Corp., as Acquiror of the Company, and The Bank of New
York (f/k/a IBJ Schroder Bank & Trust Company) (the "Trustee").
On April 16, 2001, the Company failed to make a timely payment of the
interest due on the Notes, as it is presently assessing its sales projections.
While failure to pay interest does not constitute an Event of Default under the
Indenture unless full payment is not made within 30 days, it does trigger
certain obligations of the Company to notify the Trustee and the bondholders of
the Company's plans to address the overdue interest payment. The Company has
prepared a notice to the Trustee regarding the failure to make the
above-referenced interest payment.
The information in this Report on Form 8-K is furnished pursuant to
Item 9 and shall not be deemed to be "filed" for the purpose of Section 18 of
the Securities and Exchange Act of 1934 or otherwise subject to the liabilities
of that section. This report will not be deemed an admission as to the
materiality of any information in the report that is required to be disclosed
solely by Regulation FD.
The Company does not have, and expressly disclaims, any obligation to
release publicly any updates or any changes in the Company's expectations or any
change in events, conditions or circumstances on which any forward-looking
statement is based.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SIMCALA, INC.
Date: April 17, 2001 By: /s/ R. Myles Cowan
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R. Myles Cowan
Chief Financial Officer