ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(a) Financial Statements of Business Acquired.

The historical financial statements required by this Item 9.01(a) are required to be filed no later than March 8, 2013 (the "Due Date"). PCC's management is unable to conclude whether the Timet financial statements as of and for the year ended December 31, 2011 and as of September 30, 2012 and for the nine month periods ended September 30, 2012 and 2011 are fairly stated in accordance with generally accepted accounting principles. Timet recorded environmental liabilities in its historical financial statements of approximately $2.3 million at December 31, 2011 and approximately $2.1 million at September 30, 2012. PCC management's current best estimate of the liabilities that should have been recorded at December 30, 2011 is in the range from approximately $58 million to $110 million, based on information that appears to have been available to Timet at that date. As of September 30, 2012, we would have expected a comparable amount of environmental liabilities to have been recorded. Based on the difference between the liabilities recorded on Timet's historical financial statements and PCC's current estimates, PCC is unable to file the financial statements required by this Item 9.01(a). At this time it is uncertain when or whether PCC will be able to resolve these differences and file the historical financial statements of Timet. PCC is in communication with the staff of the Securities and Exchange Commission regarding its filing obligations with respect to the historical financial statements of Timet.

(b) Pro Forma Financial Statements.

The pro forma financial statements required by this Item 9.01(b) are required to be filed no later than the Due Date. For the reasons discussed in Item 9.01(a) above, PCC is not filing the pro forma financial statements required by this Item 9.01(b) at this time, and it is uncertain when or whether PCC will be able to file the required pro forma financial statements. PCC is in communication with the staff of the Securities and Exchange Commission regarding its filing obligations with respect to the required pro forma financial statements.