USEC Inc. (Form: 8-K)  

 


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):   March 9, 2007

USEC Inc.
__________________________________________
(Exact name of registrant as specified in its charter)

     
Delaware 1-14287 52-2107911
_____________________
(State or other jurisdiction
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(Commission
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(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
2 Democracy Center, 6903 Rockledge Drive, Bethesda, Maryland   20817
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(Address of principal executive offices)
  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   (301) 564-3200

Not Applicable
______________________________________________
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:

[  ]  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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 9, 2007, USEC Inc. (the "Company") announced that Timothy B. Hansen, Senior Vice President, General Counsel and Secretary of the Company, is planning to leave the Company this summer to pursue a career change.

A copy of the press release announcing Mr. Hansen’s departure is filed as Exhibit 99.1 to this Form 8-K.





Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number--Description

99.1--Press release, dated March 9, 2007, issued by USEC Inc. announcing the departure of Timothy B. Hansen.






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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.

         
    USEC Inc.
          
March 9, 2007   By:   /s/ John C. Barpoulis
       
        Name: John C. Barpoulis
        Title: Senior Vice President and Chief Financial Officer (Principal Financial Officer)


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Exhibit Index


     
Exhibit No.   Description

 
99.1
  Press release, dated March 9, 2007, issued by USEC Inc. announcing the departure of Timothy B. Hansen.
EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE:

March 9, 2007

General Counsel Tim Hansen Planning to Leave USEC

BETHESDA, Md. – USEC Inc. (NYSE: USU) today announced that Timothy Hansen, senior vice president, general counsel and secretary is planning to leave the Company this summer.

Hansen has worked for USEC since 1994 and held a series of positions with progressively higher responsibility. He left the Company briefly in late 2004 and returned in early 2005. Hansen said he will be making a career change, and both he and his wife will be pursuing advanced degrees in education.

“I have thoroughly enjoyed many challenges and opportunities in my 13 years at USEC and developed a deep respect for the commitment and dedication of the Company’s employees. This was not an easy decision, but my family and I are ready to pursue a path for personal growth that we wanted to begin in 2004. There’s no perfect time to make a career change, but we’ve decided our time to begin is now,” Hansen said.

Chairman James R. Mellor said the Company was sorry to lose a senior officer with the knowledge, skills and temperament that Hansen has demonstrated throughout his tenure at USEC. “I asked Tim to return to USEC in 2005 during the period when I was the interim chief executive officer. I told him that I needed his counsel, and he set aside his career change plans at that time. We wish Tim and his family well as they embark on a new path. I think Tim will do a great job at anything he does and working with young people is certainly a noble goal to pursue.”

President and Chief Executive Officer John K. Welch said, “Tim has been an integral member of senior management and a strong leader within the Company. He was invaluable to me when I joined USEC. We’ve benefited from his experience at USEC from its early days, as well as his insight on the issues facing the nuclear industry today.

“We especially appreciate the advance notice that Tim has provided, which will allow time for a smooth transition to new leadership of our legal function,” Welch added.

USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.

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Contacts

     
Investors:
Media:
  Steven Wingfield (301) 564-3354
Elizabeth Stuckle (301) 564-3399