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): June 21, 1994 THE PITTSTON COMPANY (Exact Name of registrant as specified in its charter) Virginia 1-9148 54-1317776 (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of Incorporation) 100 First Stamford Place P. O. Box 120070 Stamford, Connecticut 06912-0070 (Address of principal (Zip Code) executive offices) (203)978-5200 (Registrant's telephone number, including area code)Item 5. Other Events The Pittston Company has announced that a new collective bargaining agreement between the Company's Coal Group subsidiaries and the United Mine Workers of America, replacing the current agreement which expires on June 30 and which will remain in effect until December 31, 1998, was ratified by the companies' union employees. A press release dated June 21, 1994 is filed as an exhibit to this report and is incorporated herein by reference.
EXHIBIT Registrant's press release dated June 21, 1994. 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. THE PITTSTON COMPANY (Registrant) J. B. Hartough By _________________________ Vice President Date: June 21, 1994
EXHIBIT Exhibit Description 99 Registrant's press release dated June 21, 1994.
Exhibit 99 PITTSTON ANNOUNCES RATIFICATION OF AGREEMENT WITH UNITED MINE WORKERS OF AMERICA Stamford, Ct. - June 21, l994 - The Pittston Company announced today that a new collective bargaining agreement between the company's Coal Group subsidiaries and the United Mine Workers of America ("UMWA") was ratified by the Coal Group companies' union employees. The new agreement, which replaces the current agreement expiring on June 30, will remain in effect until December 31, l998. Joseph C. Farrell, Chairman and CEO of The Pittston Company, stated "We are very pleased with both the tenor of the negotiations and the mutually beneficial results which are further evidence of the positive working relationship which has been established with the UMWA." The new agreement continues the basic principles and provisions established in the predecessor l990 Agreement with respect to the important areas of job security, work rules and scheduling. Under the new agreement, wages are scheduled to increase $.40 per hour on December 15 of each of the years l994 to l997. In addition, the Company has agreed to improvements in certain employee benefits. * * * * * Pittston Minerals Group Common Stock (NYSE - PZM) and Pittston Services Group Common Stock (NYSE - PZS) represent the two classes of common stock of The Pittston Company, a diversified firm with interests in coal and gold mining, security services through Brink's, Incorporated and Brink's Home Securitiy, Inc. and airfreight and logistics management services through Burlington Air Express Inc.