UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): March 31, 2010
RTI International Metals, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ohio
(State or Other Jurisdiction of Incorporation)
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001-14437
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52-2115953 |
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(Commission File Number)
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(IRS Employer Identification No.) |
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Westpointe Corporate Center
One, 5th Floor
1550 Coraopolis Heights Road |
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Pittsburgh, Pennsylvania
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15108-2973 |
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(Address of Principal Executive Offices)
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(Zip Code) |
(412) 893-0026
(Registrants Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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RTI
International Metals Inc. expects to record a non-cash charge of
approximately $1.6 million in the first quarter ended March 31,
2010, related
to the new health care legislation enacted this month.
The charge
relates to the impact of the new legislation on prescription-drug
benefits for the Companys retirees. Companies that provide these benefits
receive a federal subsidy (Medicare
Part D Subsidy), plus they can deduct the value of this subsidy
from their taxable income. The health care overhaul eliminates the tax deduction associated with this subsidy.