Mechel OAO - Form 6-K

Washington, D.C. 20549


PURSUANT TO RULE 13a-16 OR 15d-16

May 23, 2014

Commission File Number: 001-32328

Mechel OAO
(Translation of registrant’s name into English)
(Jurisdiction of incorporation or organization)
Krasnoarmeyskaya 1,
Moscow 125993
Russian Federation
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:  [x] Form 20-F    [ ] Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  [ ]
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:  [ ] Yes    [x] No
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):    n/a 

Moscow, Russia — May 23, 2014 – Mechel OAO (NYSE: MTL), one of the leading
Russian mining and metals companies, announces its Board’s dividend
On May 23, 2014, Mechel’s Board of Directors held a meeting confirming
recommendations to the annual general shareholders’ meeting regarding the
payment of dividend based upon the results of the 2013 fiscal year:
• the Board recommended not to pay an annual dividend with respect to ordinary
• the Board recommended an annual dividend of 0.05 rubles per one preferred
share (approximately $0.0015 per one preferred share and $0.0007 per one
preferred ADR*).
Dividends must be paid by bank transfer in time specified by Russian law.
The Board recommended to Mechel OAO’s general shareholders’ meeting to divide
part of unallocated profit from the previous years as follows:
• to allocate 6,937,845.75 rubles (approximately $202,387.57*) for payment of
dividends for listed preferred shares;
• to leave 90,416,010,077.27 rubles (approximately $2,637,573,222.79*)
The Board also recommended that the list of persons entitled to take part in the
general shareholders’ meeting and the list of persons entitled to receive
dividends for the 2013 fiscal year is made based on the data in the
Shareholders’ Register as of July 11, 2014. The annual general shareholders’
meeting will be held on June 30, 2014, at the address: 1 Krasnoarmeyskaya Ul.,
Moscow, Russian Federation.
* Based on the Russian Central Bank exchange rate of 34,28 RUR/$ as of May 23,
Mechel OAO
Ekaterina Videman
Tel: + 7 495 221 88 88
Mechel is an international mining and steel company which employs over 70,000
people. Its products are marketed in Europe, Asia, North and South America,
Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled
products, ferroalloys, heat and electric power. All of its enterprises work in a
single production chain, from raw materials to high value-added products.
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions
and that actual events or results may differ materially. We do not intend to
update these statements. We refer you to the documents Mechel files from time to
time with the U.S. Securities and Exchange Commission, including our Form 20-F.
These documents contain and identify important factors, including those
contained in the section captioned “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in our Form 20-F, that could cause the actual
results to differ materially from those contained in our projections or
forward-looking statements, including, among others, the achievement of
anticipated levels of profitability, growth, cost and synergy of our recent
acquisitions, the impact of competitive pricing, the ability to obtain necessary
regulatory approvals and licenses, the impact of developments in the Russian
economic, political and legal environment, volatility in stock markets or in the
price of our shares or ADRs, financial risk management and the impact of general
business and global economic conditions.

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.
    Mechel OAO
Date: May 23, 2014 By: Oleg V. Korzhov

  Name:  Oleg V. Korzhov
  Title: CEO