UNITED STATES
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): January 1,
2010
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WHX
CORPORATION
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(Exact
name of registrant as specified in its charter)
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Delaware
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1-2394
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12-3768097
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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1133
Westchester Avenue, Suite N222, White Plains, New
York
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10604
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code: (914)
461-1300
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N/A
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(Former
name or former address, if changed since last
report.)
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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):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02.
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Departure of Directors
or Certain Officers; Election of Directors; Appointment of Certain
Officers; Compensatory Arrangements of Certain
Officers.
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On
January 1, 2010, WHX Corporation (the “Company”) reinstated the 5% salary
reductions which had been implemented on January 4, 2009. The 5%
salary reductions had been implemented for annual salaries over $40,000 for all
salaried employees, including all of the Company’s executive officers in
furtherance of the Company’s ongoing efforts to lower its operating
costs. The Company also reinstated its employer contributions to
401(k) savings plans for all employees not covered by a collective bargaining
agreement that had been suspended on January 4, 2009; provided that the
participating employees not covered by a collective bargaining agreement make
their election to participate in the 401(k) savings plans on or before January
31, 2010, or if hired after January 1, 2010 and will not be covered by a
collective bargaining agreement, make such election to participate in the 401(k)
savings plan within thirty days of the date of hire.
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 thereunto
duly authorized.
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WHX
CORPORATION
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Dated:
January 7, 2010
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By:
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/s/
James F. McCabe, Jr
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Name:
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James
F. McCabe, Jr.
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Title:
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Senior
Vice President and
Chief
Financial Officer
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