8-K 1 y62662e8vk.txt FORM 8-K 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 31, 2002 SPECIAL METALS CORPORATION ------------------------------------------------------ (Exact Name of Registrant as Specified in its Charter)

~~Exhibit~~Delaware ~~No.~~000-22029 ~~Description~~25-1445468 ------------------ ---------------- ~~99.1~~----------------------------- ~~Press~~(State ~~Release~~or ~~dated~~Other ~~March~~Jurisdiction ~~27,~~of ~~2002~~(Commission (IRS Employer Identification Incorporation) File Number) Number)

4317 Middle Settlement Road New Hartford, New York 13413 ---------------------------------------- (Address of Principal Executive Offices) Registrant's telephone number, including area code: (315) 798-2900 Item 5. Other Events. On July 31, 2002, the Company issued a press release regarding its failure to meet a sales revenue covenant contained in the Postpetition Credit Agreement with respect to the period from April 1, 2002 to June 30, 2002. However, the Company has obtained the agreement of its bank group to waive the technical default. Furthermore, the Company has obtained from the bank group a prospective waiver of the same covenant with respect to the period from April 1, 2002 to July 31, 2002. In addition, the press release announced that the U.S. Bankruptcy Court has approved a 90-day extension of the period in which the Company and its U.S. subsidiaries retain the exclusive right to file plans of reorganization. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits The following is an exhibit to this Report:

2 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. SPECIAL METALS CORPORATION By: /s/ Robert F. Dropkin ---------------------------------- Name: Robert F. Dropkin Title: Vice President, Secretary and Chief Legal Counsel Dated: August 1, 2002 3

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