Delaware | 1-32669 | 20-2868245 | ||
(State of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
211 N. Robinson, Suite 300 | ||
Oklahoma City, Oklahoma | 73102 | |
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers |
|||
Effective August 17, 2007, Tronox Incorporated eliminated the position of Chief Operating Officer
(COO). As a result, Marty J. Rowland, Tronox COO, has left the company to pursue other interests. A
copy of the press release issued with regard to this matter is attached hereto as an Exhibit. |
||||
Item 8.01 | Other Events |
|||
(1) On August 22, 2007, Tronox Incorporated filed an antidumping duty petition with the International
Trade Commission and U.S. Department of Commerce against imports of electrolytic manganese dioxide
(EMD) from Australia and China. The petition states that the EMD industry in the United States has
been materially injured by imports that are being traded at less than fair value. A copy of the
press release issued with regard to this matter is attached here to as an exhibit. |
||||
(2) On August 8, 2007, Tronox Incorporated announced that it is increasing its Project Cornerstone
initiative by $25 million in annual cash cost reductions (pretax) to be achieved through new
operational and selling, general and administrative (SG&A) cost reduction efforts, including a
reduction in force. The company expects to record a third quarter charge in the range of $9 million
to $11 million (pretax) related to severance and special termination benefits. Also, Tronox
announced changes to its retiree medical and life insurance effective April 1, 2009, that will reduce
its postretirement obligation in the range of $70 million to $80 million during the third quarter and
reduce pretax noncash expense in the range of $5 million to $7 million for the remainder of 2007 and
$13 million to $16 million per year for 2008 and beyond. A copy of the press release issued with
regard to this matter is attached hereto as an exhibit. |
||||
Item 9.01 | Financial Statements and Exhibits |
|||
d. | Exhibits |
|||
99.1 | Press Release dated August 20, 2007 |
|||
99.2 | Press Release dated August 23, 2007 |
|||
99.3 | Press Release dated August 8, 2007 |
TRONOX INCORPORATED |
||||
By: | (Roger G. Addison) | |||
Roger G. Addison Vice President, General Counsel and Secretary |
||||