Washington Group International Inc – ‘8-K’ for 7/24/01

On:  Thursday, 8/2/01, at 4:34pm ET   ·   For:  7/24/01   ·   Accession #:  912057-1-526327   ·   File #:  1-12054

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         5     16K 
 2: EX-99.1     Miscellaneous Exhibit                                 39    238K 
 3: EX-99.2     Miscellaneous Exhibit                                955±  5.67M 

8-K   —   Current Report
Document Table of Contents

8-K
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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 24, 2001                  

WASHINGTON GROUP INTERNATIONAL, INC.
--------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)

DELAWARE
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(State or other jurisdiction of incorporation)

1-12054                                             35-0565601
------------------------                       ---------------------------------
(Commission File Number)                       (IRS Employer Identification No.)

720 PARK BOULEVARD, BOISE, IDAHO                              83729             
--------------------------------------------------------------------------------
(Address of Principal Executive Offices)                    (Zip Code)          

Registrant's telephone number, including area code 208-386-5000                 

--------------------------------------------------------------------------------
 (Former Name or Former Address, if Changed Since Last Report)

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ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.                              

    On July 24, 2001, Washington Group International, Inc. (the "Company") and
its direct and indirect subsidiaries that commenced proceedings to reorganize   
under chapter 11 of the United States Bankruptcy Code on May 14, 2001           
(collectively with the Company, the "Debtors") received approval from the United
States Bankruptcy Court for the District of Nevada (the "Bankruptcy Court") of  
their Disclosure Statement (the "Disclosure Statement") with respect to their   
Second Amended Joint Plan of Reorganization (as amended, the "Plan"). Copies of 
the Plan and Disclosure Statement, as filed with the Bankruptcy Court, are      
attached hereto as Exhibits 99.1 and 99.2, respectively. Also on July 24, 2001, 
the Bankruptcy Court fixed August 27, 2001 as the last day for creditors to vote
on the Plan.                                                                    

The Disclosure Statement contains projections (the "Projections") of  
operating profit, free cash flow and specified other items for the Company and  
its subsidiaries (collectively, "Washington Group"), on a consolidated basis, by
year for the period from November 30, 2001 through November 30, 2004. The       
Company does not, as a matter of course, publish the business plans, budgets or 
strategies of Washington Group or make external projections or forecasts of     
Washington Group's anticipated financial position or results of operations. The 
Disclosure Statement has been filed as an exhibit hereto solely because the     
Disclosure Statement has been filed with the Bankruptcy Court in connection with
the Debtors' reorganization proceedings. The Company refers you to the          
limitations and qualifications of the Projections included in the Disclosure    
Statement, including, without limitation, those set forth under the captions    
"Chapter 11 Cases - Development and Summary of The Business Plan - Financial    
Highlights," "Chapter 11 Cases - Development and Summary of The Business Plan - 
Principal Assumptions Underlying the Business Plan" and "Appendix D - Pro Forma 
Financial Projections."                                                         

     All information contained in the Disclosure Statement is subject to change,
whether as a result of further amendments to the Plan, as a result of the       
actions of third parties or otherwise.                                          

    This current report on Form 8-K contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995, which are  
identified by the use of forward-looking terminology such as may, will, could,  
should, expect, anticipate, intend, plan, estimate or continue or the negative  
thereof or other variations thereof. These forward-looking statements are based 
primarily on the current expectations of Washington Group and projections about 
future events and financial trends affecting the financial condition of         
Washington Group's businesses and include, among others, statements regarding   
Washington Group's business plan, the terms of the plan of reorganization and   
the structure of the reorganized company. Forward-looking statements are        
necessarily based on various assumptions and estimates and are inherently       
subject to various risks and uncertainties, including those described in the    
Disclosure Statement under the captions "Chapter 11 Cases - Development and     
Summary of The Business Plan - Financial Highlights," "Chapter 11 Cases -       
Development and Summary of The Business Plan - Principal Assumptions Underlying 
the Business Plan" and "Appendix D - Pro Forma Financial Projections" and risks 
and uncertainties relating to the possible invalidity of the underlying         
assumptions and estimates, the involvement of the Debtors' creditors and equity 
holders in the chapter 11 proceeding, bankruptcy court approvals incident to the
Debtors' operations in chapter 11, the timing of the anticipated emergence of   
the Debtors from chapter 11 and the ultimate reorganization of the Debtors and  
possible changes or developments in social, economic,                           

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business industry, market, legal and regulatory circumstances and conditions and
other actions taken or omitted to be taken by third parties, including          
Washington Group's customers, suppliers, business partners and competitors and  
legislative, regulatory, judicial and other governmental authorities and        
officials.                                                                      

                                                                [Download Table]

Exhibit Number      Exhibit                                            
--------------      -------                                            
                                                                       
      99.1          Second Amended Joint Plan of Reorganization of     
                    Washington Group International, Inc., ET AL.       

      99.2          Disclosure Statement with respect to Second Amended
                    Joint Plan of Reorganization of Washington Group   
                    International, Inc., ET AL.                        

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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.                                           

                                    WASHINGTON GROUP INTERNATIONAL, INC.

                       By: /s/ Craig G. Taylor
                                        ----------------------------------
                     Craig G. Taylor
               Secretary

August 2, 2001                                                                  

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 EXHIBIT INDEX

                                                                [Download Table]

Exhibit Number      Exhibit                                                  
--------------      -------                                                  
                                                                             
     99.1           Second Amended Joint Plan of Reorganization of Washington
                    Group International, Inc., ET AL.                        

     99.2           Disclosure Statement with respect to Second Amended Joint
                    Plan of Reorganization of Washington Group International,
                    Inc., ET AL.                                             

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		11/30/04		2
		11/30/01		2					10-K
		8/27/01		2					8-K
Filed on:		8/2/01		4
For Period End:		7/24/01		1		2
		5/14/01		2
									List all Filings