SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): March 19, 2003
Universal Stainless & Alloy Products, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 000-25032 25-1724540
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
600 Mayer Street, Bridgeville, Pennsylvania 15017
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (412) 257-7600
Item 5. Other Events.
On March 19, 2003, Universal Stainless & Alloy Products, Inc. (the
"Company"), announced that it was revising its earnings estimate for the first
quarter ending March 31, 2003. The Company also held a conference call on March
19, 2003 to discuss the revisions to its estimate. During the conference call,
management was asked to comment on the estimated level of sales necessary to
achieve break-even operating income levels based on the current mix of shipments
and sales prices. The Company believes quarterly sales approximating $20 million
are required for the Company to break-even based on the assumptions described
above.
The press release, dated March 19, 2003, issued by the Company with
respect to this matter is attached hereto as Exhibit 99.1 and is hereby
incorporated herein by reference in its entirety.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit 99.1 Press Release dated March 19, 2003.
Page 2 of 4 pages.
SIGNATURE
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.
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
By: /s/ Richard M. Ubinger
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Vice President of Finance,
Chief Financial Officer and Treasurer
Dated: March 19, 2003
Page 3 of 4 pages.
EXHIBIT INDEX
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Exhibit 99.1 Press Release dated March 19, 2003.
Page 4 of 4 pages.