Report of Foreign Issuer (6-k)
January 28 2016 - 6:13AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
January 28, 2016
Commission File Number: 001-32328
Mechel OAO
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(Translation of registrant’s name into English)
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RUSSIAN FEDERATION
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Krasnoarmeyskaya 1,
Moscow 125993
Russian Federation
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(Address of principal executive office)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: [x] Form 20-F [ ] Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
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Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934: [ ] Yes [x] No
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If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): n/a
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MECHEL REPORTS CREATING SPECIAL COMMITTEE
OF BOARD OF DIRECTORS
Moscow, Russia — January 28, 2016 – The Board of Directors of Mechel OAO (MICEX:
MTLR, NYSE: MTL), one of the leading Russian mining and metals companies,
decided to create a Special Committee of the Board as part of efforts aimed at
restructuring Mechel OAO’s debt portfolio.
The Board of Directors tasked the newly created Committee with examining the
deals with lender banks that had been presented for approval to Mechel OAO’s
extraordinary general shareholders’ meeting, employing an independent consultant
to obtain a fairness opinion and prepare recommendations on the said deals to
Mechel OAO’s general shareholders’ meeting on the basis of the said fairness
opinion.
The Special Committee includes all of the company’s Board of Directors’
independent members:
• Vladimir Yurievich Korovkin, president of the Committee
• Arthur David Johnson, member of the Committee
• Vladimir Vasilyevich Gusev, member of the Committee
• Igor Stepanovich Kozhukhovsky, member of the Committee
• Yuri Nikolayevich Malyshev, member of the Committee.
Mechel OAO’s extraordinary general shareholders’ meeting will take place on
March 4, 2016.
***
Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
***
Mechel is an international mining and steel company which employs 67,000 people.
Its products are marketed in Europe, Asia, North and South America, Africa.
Mechel unites producers of coal, iron ore concentrate, steel, rolled products,
ferroalloys, heat and electric power. All of its enterprises work in a single
production chain, from raw materials to high value-added products.
***
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.
SIGNATURES
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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, thereunto duly authorized.
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Mechel OAO
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Date: January 28, 2016
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By:
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Oleg V. Korzhov
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Name:
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Oleg V. Korzhov
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Title:
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CEO
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