-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
B0+w/Udz85C8bphKhzbVH2wyy/qbhMRJhOevCkl33FCtZD0rx42epKOG8FkrBp8K
vXTWlx/6I/iit4p1fY/jxw==
0000029915-08-000004.txt : 20080118
0000029915-08-000004.hdr.sgml : 20080118
20080118105835
ACCESSION NUMBER: 0000029915-08-000004
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20071221
ITEM INFORMATION: Entry into a Material Definitive Agreement
FILED AS OF DATE: 20080118
DATE AS OF CHANGE: 20080118
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNION CARBIDE CORP /NEW/
CENTRAL INDEX KEY: 0000100790
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860]
IRS NUMBER: 131421730
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-01463
FILM NUMBER: 08537800
BUSINESS ADDRESS:
STREET 1: 39 OLD RIDGEBURY RD
CITY: DANBURY
STATE: CT
ZIP: 06817-0001
BUSINESS PHONE: 2037942000
MAIL ADDRESS:
STREET 1: 39 OLD RIDGEBURY RD
CITY: DANBURY
STATE: CT
ZIP: 06817-0001
FORMER COMPANY:
FORMER CONFORMED NAME: UNION CARBIDE CHEMICALS & PLASTICS CO INC
DATE OF NAME CHANGE: 19940502
FORMER COMPANY:
FORMER CONFORMED NAME: UNION CARBIDE CORP
DATE OF NAME CHANGE: 19890806
FORMER COMPANY:
FORMER CONFORMED NAME: UNION CARBIDE & CARBON CORP
DATE OF NAME CHANGE: 19710317
8-K
1
eightk.htm
UNION CARBIDE FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
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):
December 21, 2007
UNION CARBIDE CORPORATION
(Exact name of registrant as specified in its charter)
New York
(State or other
jurisdiction of
incorporation) |
1-1463
(Commission File
Number) |
13-1421730
(IRS Employer
Identification No.) |
400 West Sam Houston Parkway South, Houston, TX 77042
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(713) 978-2016
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))
|
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On December 21, 2007, Union Carbide Investments B.V. ("UCI"), a wholly owned
subsidiary of Union Carbide Corporation ("UCC"), in turn a wholly-owned
subsidiary of The Dow Chemical Company ("Dow"), entered into a definitive
agreement whereby UCC transferred all of its shares of UCI to Dow International
Holdings Company ("DIHC"), a subsidiary of UCC, Dow, and Essex Specialty
Products LLC, also a wholly-owned subsidiary of Dow, in exchange for additional
shares of DIHC (the "Transfer"). Through a separate but related transaction
preceding the Transfer, UCC contributed to UCI its 42.5 percent equity interest
in EQUATE Petrochemical Company K.S.C. ("EQUATE"), a joint venture between UCC,
Petrochemical Industries Company, KSC, Boubyan Petrochemical Company KSC, and
Al-Qurain Petrochemical Industries Co. KSC. The number of additional shares of
DIHC received by UCC pursuant to the Transfer (the "Additional Shares") was
calculated based on the value of UCI's equity interest in EQUATE, as adjusted
for certain subsequent events (the "Contribution Value"). Separately, during the
period of January 1, 2009 through December 31, 2011, UCC has the right to put
the Additional Shares to Dow for an amount equal to 110 percent of the
Contribution Value, accreted by two percent compounded annually from January 1,
2008 until the date the put is consummated.
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 thereunto duly authorized.
Dated: January 17, 2008
UNION CARBIDE CORPORATION
By: /s/ William H. Weideman
Name: William H. Weideman
Title: Vice President and
Controller
The Dow Chemical Company
Authorized Representative of
Union Carbide Corporation
8-K
2
eightk.pdf
COURTESY COPY OF UNION CARBIDE FORM 8-K
begin 644 eightk.pdf
M)5!$1BTQ+C,*)_7]EQ,M?VC=6DP.&!Y>PYM^YX)(UFKF9&
M[L=`JS`*=/%O#@XG/1T\=O^?]#[V,A47_Y6_0'PX"1X,>_<&:>#>&A[WM,KS
M3.?E[\(@UT%J$N5^,^EM!)O#][U4V^+'OXH??W/OY4%HE#;PJJG>C:Q6)DAU
MIM+R_=<;+S:U2JQ-;+:Q)W!7X%#@CL!M@8'``_K:ED]9]9J;IU/V9OAGKY\Y
M<]C,!/TP55D6#$=NI@?TW8<"82D#WU)VNR;26-46-1&W`"A[12?YQ*?W,546
M4&7/!/Y-X6YS;9E-+P0.*-P1
MN"=P2&W/7]L7^(S*#MDVY"JWLL@TPEV(TO*7L@W<(HY_;6B5,771+LT:U(9:
MZ0S(>LD@H?.(Q%G9S&AZ7Z+H1N"EP"LJ\%;@ND$%#@0>"3RD&LY:
MRB!0&WI#@?$,YM:B`X"&2^HA(0W)_S8$C^#Q)M4!@QRW!$QJD7N`LHZHL@,J
M<"CPABX)^.^:/@5E5W3@G=+38^M<61?)1!F87^@48!%`S.>R`R<"CUK[4L`M
M@8<"KU$VR5U6`SC
M@@(3HUU.,HO&;1IAX/X0'^#H$%;'5&!`-4RIADLZ,!@/W7^;[C7X&'=C[P8=
M4;W@T>,5W/C:-\0G"49X>N[3<$F537W\PJVSA$CNMT:>^7_ADV&8J/(`K]Q^
MFRH^I$\G`M]1`4Z(D*Y`#/'DB*2"H'>[?5R;]"[[Q/@Q5#GVJ0N6LI0D78,9;)HGB[,8[^@A!V!
M7RAO\1,<:.FX]DW=>\+7*(YD"W#67PJ,S]:-_?`?DAPI&R;S!$"4JP9Z_PD[<=6U4V!61L4U)"B3"CD
M5'E%!7CK!#CD$7T-]E\'Y+1JB2UH4J7;%LHFSBCQF?%-.Y?G:2J.L5!K9)B,UJK=5
M$C1)&.?[7_">29+`545-OP)?\;H83_=2H@P2NX4/AFZET:R7T_;!78'06SF@
M;K-#S3*E'@0^^+7+;HV20;!%,29BZ)%+]?.9B6I`0N
MV(V.:W7![8KOL+CJB--4)=6-A1&BUA3"*03-9SA0X?CC"2\D`#SA!=DG]#2Y
MZ1H-G*78=>XL^]3S@$T^"/Q,9;]2O0>M.308C?>YJMJQ2&U!V1.?,IZV=_;N
M&\T_Z`F_H@M**=0LM6U3)G!*;%T1Q8[B8N>V!(XHY+7,%86KU$A3.H0W80):
M`OX%YQA36P)A?J%/>0N3\^$GJL';7N)%%&^/@'LM:>OB6?8OG>:4OL=S+WZV
MN*%;SE;=D\R?]:.H;/L7?L6[?"=T=SE5\127=_A_\[D@+V;&]"G8ZI0:Z)P:
M**`":V91O(O%:VCPFK&X%0P\\FDXH:-Q1N;=4%Z;>YWJ/B,PD@G%1AF3!45*
ME-MV_@:4R)++I7&34Q79'-:24MY!A.&LO#:;=I*K)(S3\GY?&XB71"NW.K@C
MV*,F\[9UIA3R;C3/\=[1UXZ:*^G/2T-Z;#RB3`_ARYMHO&=P]S8W3\6J:TPUGOS%.A\2W]S:D;;W"
M_E.!D%?"!L&=7+W<:-));'.5:COWYNK*>M%D>BC;SWM5D()\$,A/&ZX!9,'+
MIQ2"CU[X!,[0]&PZ[3D4=@$:@."`Y`@VAQ]=O.C]3#5X77N52^A'=PH`E]
M+9/%`\<_I;*\:!XSUU[E>#V3*5RAB^)M\B*SZFXB\@T&@1$5@*>K?"(!&19,
M!_@3ZL)Q2V_#-\_IS"#`>9T%_L8KP*O6:`V^X;W$XRZ]J_KF,L?Q$"QW%_!N
M?FJ?H0;BFVNT=AI]*=B58RH`#'PJL/9=1:=W=]Z5??.B`5SZALKRJ.'Y1?O@
M+9Y^I;)M.S;V>DTG@PT<4\BI^4R\V^N%D&=>4KV?6GJ7)Q6\I`+9^^@Y92O9
MELVUV3G]FAH7;H_>4`%HE_%FPS6%G%A!+[_)F5#(_:U]-P7T!?&UJAGY_O&O
MLZZHP"KWSM?B3A=48$"'6';QLH#\*B"ALC?*J8MBQ1/(4&&VF^`%F%;Q>YG:E\E>W>X?;=4=9SN
M1`BP01"X8VKT=O=Q^09!9)_0@8$0O-EZ^P/*PM#>7N>/B_<&$[7C'9I2Q=2]
M\31?_?];M/#'5@!/D8G::E[K4\-[#WZ>1YQ2`6\K_&/8GD'EG]240N,
M)L4TE*UY.?R=,Y%&5;8&,\V&(*RP!D<5KCX2V!<(L3"/-^B]M%M5G4G%W0N6
M57I4WX.N&CE%)UTU<@IL_?-/0?@=%_2*!E06N*23K@J7XW35WOHF1\'?_2Q\%JV4?D&A!E>!
MP&>&SQU"JYO/RK^3"&M_)Y&E\P\=H[CX"BJK_?%W]6G6_RZ7EW-E;F1S=')E
M86T*96YD;V)J"C8@,"!O8FH*,C0P,`IE;F1O8FH*,3(@,"!O8FH*/#PO3&5N
M9W1H(#$S(#`@4B]&:6QT97(@+T9L871E1&5C;V1E/CX*;WS:J$76
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MY!7M[9K*O:'Z7GH=YU6IE6S*LNWXG\L7@,?N_R\[X/T-`+7\^][F.#9'=J5EU$/"52CB-2;BDS6!$84[^$1MR/CVGM-D9[>(I
M%7840^$I5>?4S/5G*ACAE926:)%,F?4\KUL%-H`HV
M\K9UJ^WNW]H5M,ZAZ2'98?!5R`J536N_RT8/8MBZ<;Q^I`S7M`N)T*U%7275
MYI8UL(0S\$'OR\>%4W3>L>F8]O6?"W@
MA,+D+-%!B.
MLY#Y4\(R1,87.L`P[+8?4A*L80>W^)'.BX^=#G+<_`'ZOM*.0?4CRG"W9<$D
M[$QIU@'EHR%/#7EHR)5"6B9%+2N--`=>PX_;&EN`')A5,#-7,08`SAWC-%FF
MHLS+N^$;AFD6OE4G5>V`4TL?P;FD
MUF=ES6^=BBQ)"W2S`+@OE'(PCUJN7BG=XV^&A#B-8^5/0[8K1?N^+;/H9S6H`KD.?(UP!%)`X@JE<4?*<
M/N4)0A$MPR[<`-N(I,Z-EYZKXQB!
M=]#<,>3SH=_:AZGJ:81I--^<8THU">$F1RP')/#>(WX`D$$,ZFCVS(P-][N6
M=V.(A=23EU`@%H$N((^X\O3M8M"@F1]M=-3,0[+SC.IC6_R1WJ+]\0+#FN7-
M]P@?',L*_@Z"6RMHL.!K9^!["(/Q*.WM-S?&E]Y9.4'G@
M=>&O']W%2_/TY:@C@'B+M@(`G7D]J.7>YT%M!EWE-5A8):!!`4YV-#09L38W
M_75(G?[*0H?Q852!)013:2,HK5*15SD6GF\-"1X=&$ZI,'@*!C28_JJ.LPF?
M-#!$(U#'\+2!7-[(<%*FY?(E`1AS/*]O8<&(KV@71U3U:ZHO&,I#)%5N)$5>
M:+A-UD#!)T'8[QC'LV"6U/C]EG1R_GJL&?"45E5XT`?('/4YH8(!36`?CVDSD+M/
MGUIN0IM*/[P(C\Z-`FF3B3*3&J4KTI=5:+HUY$T(CX/($9`<;V`>><07MGY)
M&_?F=]IJ6U.&R1U%F#&_4C6H<.6IH/)#9IAX/AP--'5G68-VXX3*'7G+[[8X
MMJAF4.SC*,"#%D(F.Y4.'51/VWO.HWG0W76A@-9
M*"-^3GG!P8+<->7-=>@H/;/3<1:TT14%'HP7QR`ON8QR+6&?1@-SZTU#YUU!
MP%$F;S4IXM1;[].GOU%1%P0P2K-U&Y6]+415C$@*1'E@ML&6^
M6R$&;)`Y&C"^50R0_$(9>+'1>+L[YM%#J[GKP_&W<]<'%!,<8Q<^S3!X(KY!
MS+-8;G^NC0T$';C9@H[O429RE`0SRSTRK%%8F%8JK1QNUID*K#H.`IY0'0&9
MX'O!3/B;%\SAJDY'O/[OF=#6H(E"EL2$PDQU3^]H0I7<8L[TX*SJ9G..:"G>
M#`WDF=$!=A'!KO+]3>@MZ%VU9E`<`OCS``Y&DB?N_@D>MFH+U9!O0%TE>LP/0!9,K(G9!$@+RONS(=]Y$IP@<4%)"&C"
MJ8,_P;?>1$#4'8[;0%BX4"2\(S^'E)PLG'A9Q`SK[YMFOV;D!:*D\LVW`"9?
MN!O_IX9\;DC8G(`]G$CEFR?6_"098/,S9;!S;)FEHJ@;LCOH,(2"`K,'KC@K
M-)6PJ.`=_&HF+.O)<$MW$=P\)@PG8U*S(JS%=\N@01M2!/,L(6QVZV;?S."`
MD0^M'E6*;+JB$HH+J@U_JP=0N6$H##=WBX!,>XI6HC&1A@VR9LV0?>SU2=,^_EPQ*B
M^^5.)6C0%R)MZZ2[PF8BJK(B&]]6!6(<:3`-_-!&>.=PZ&G$:?3X=?3P!`\)
MVG:`+8(!-P#>&?&^PZ2>Z'0,TVR)RRP#>1H8LX'@AY8UF/_Y)C`Z%
MT,6\4*D<.LU<[+TX-E7O0?WX7Z6:GKK9D"G[@/(
M=U3:W793F`1VDC.T]CC>RN;OE[B>%-@_[5"IR`$T.&:TE#3R-0(6KC
MUI`?S'%V;'R&(\KPPI`\G;ZE#),7;;H!@0L\6[1C:08D,T5#F80@%N)0ZV;89((TQQ@6
MJ9!Y'K)JQU2"Z^N5!/U4%LZ^D6;@&5#7+%6^G@B;H_J,+(`A]OXY=-EV7%HE
M_QDI]$BZ\4C[$K()YVZ:8?)(20ZCU_(ZD4?JG;\$WOVA$IH+615.8=YC=5>=
MDSA!<*K#];H>9Y@4-&?\AN??M
M43AR`:G6R7\8JOYRP2TN6?
MT(YYA=YWQDX7AU0'>\14QWF@$L2+I]$CZX85H3.(1,_SK#BP,61FR-R06U3"+.,W\/)*JO]E%O3ND*RP\1UE37EZ-"7OLKEG=!(Z?\$IJN/8_Z,##8']TG&8\&(1B%J_%
M#N>!ZT)(RP.L^ZYUR'R`LIDHG3NL/O/5WF#\>@?'K/;Q(]$<,H_I\1O_AJ7"D
MX3S=P\L5=SDC_X-M=X>>OT=MU:DB5*:WR3*K4W&`9&',"_JO)Y2)%+(9O]:E
M#=T\4F($"-$BA).O*`,(@^H"!)D03CZAV(#17@N&-P9K]$)N+Q]06/:;-?J7&BF?._/LMYU0NW(P5L8Y7
MM`MN9WG^=/&H3)+67J;=./??QTL7IQNR*))%.ZAM1M0FJHMB<;W:.+KWM_CR
M[H;.0J:U*'/S,;YMV1T_[G=QAOSWE]@HK69/Y?_']$B[@&B++`J[$S"K'LC:*?P&%AA5;"
M^O`:OW_'1S=Z/97;ZLDSJN$9CIY%?+`#X>9KB;(-GFH]-.`L>(V;?Y.(7[KZ
M@PX"_T[D6\I[1;O@V(ZB./IY2>O++3!*(^GO1\`PMH:TU,-X_V]ZD8E^D&_=
M30/HF@XY9YC[E4[O9'^_#@/EONTR$ZE,.D?4%_X.[:_%_A?8K>!%96YD"!;,"`P(#8Q,B`W.3)="B]2;W1A=&4@,"]087)E
M;G0@,R`P(%(*+U)E7!E("]#871A;&]G("]086=E7!E+U1Y<&4Q/CX*96YD;V)J"CD@,"!O8FH*/#PO0F%S949O;G0O0V]U
M7=O
-----END PRIVACY-ENHANCED MESSAGE-----