-----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, MnQmpGioqpUsestPzSw3tVrtjx4bjZjRJzd961LPa4T5a6xnZRLa1aTFdylu1zTw a8qKkgKg/WVnLWkF0Te8ng== 0001193125-10-268862.txt : 20101124 0001193125-10-268862.hdr.sgml : 20101124 20101124164646 ACCESSION NUMBER: 0001193125-10-268862 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20101118 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101124 DATE AS OF CHANGE: 20101124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHIQUITA BRANDS INTERNATIONAL INC CENTRAL INDEX KEY: 0000101063 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] IRS NUMBER: 041923360 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01550 FILM NUMBER: 101215496 BUSINESS ADDRESS: STREET 1: 250 E FIFTH ST CITY: CINCINNATI STATE: OH ZIP: 45202 BUSINESS PHONE: 5137848880 MAIL ADDRESS: STREET 1: CHIQUITA BRANDS INTERNATIONAL, INC. STREET 2: 250 EAST FIFTH STREET CITY: CINCINNATI STATE: OH ZIP: 45202 FORMER COMPANY: FORMER CONFORMED NAME: UNITED BRANDS CO DATE OF NAME CHANGE: 19900403 8-K 1 d8k.htm CURRENT REPORT Current Report

 

 

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): November 18, 2010

 

 

CHIQUITA BRANDS INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

 

New Jersey   1-1550   04-1923360

(State or Other Jurisdiction

of Incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

250 East Fifth Street, Cincinnati, Ohio 45202

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (513) 784-8000

N/A

(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 (see General Instruction A.2. below):

 

¨ 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))

 

 

 


Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(a) On November 18, 2010, Durk I. Jager orally informed the Board of Directors (the “Board”) of Chiquita Brands International, Inc. (the “Company”) that he was resigning from his position as a member of the Board. Subsequently, on November 19, 2010, the Board received an e-mail communication from Mr. Jager confirming his resignation (the “E-mail”). Mr. Jager served as chairman of the Nominating & Governance Committee and as a member of the Food Innovation, Safety & Technology Committee at the time of his resignation.

The Company believes that, as indicated in the E-mail, Mr. Jager resigned due to concerns with the Company’s financial and operational performance and strategy. With respect to those matters, the Company refers to its prior public disclosure, including its most recent Quarterly Report on Form 10-Q filed on November 3, 2010.

The foregoing description of the E-mail does not purport to be complete and is qualified in its entirety by reference to the full text of the E-mail. The E-mail is filed as Exhibit 17.1 to this Current Report on Form 8-K and is incorporated herein by reference.

At its regularly scheduled board meeting held on November 18, 2010, the Board reduced the size of the Board from 9 members to 8, and appointed Kerrii B. Anderson to serve as chair of the Nominating & Governance Committee of the Board.

The Company thanks Mr. Jager for his service.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

The following exhibit is furnished with this Current Report on Form 8-K:

 

Exhibit

No.

  

Description

17.1    E-mail Communication from Durk I. Jager, dated November 19, 2010.


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.

 

  Chiquita Brands International, Inc.
Date: November 24, 2010   By:   /s/    James E. Thompson        
  Name:   James E. Thompson
  Title:   Senior Vice President, General Counsel and Secretary


EXHIBIT INDEX

 

Exhibit
No.

  

Description

17.1    E-mail Communication from Durk I. Jager, dated November 19, 2010.
EX-17.1 2 dex171.htm E-MAIL COMMUNICATION FROM DURK I. JAGER, DATED NOVEMBER 19, 2010 E-mail Communication from Durk I. Jager, dated November 19, 2010

Exhibit 17.1

E-mail Communication Dated November 19, 2010

Dear Independent Directors:

This is to confirm that I have resigned from the Board of Directors of Chiquita Brands International, effective immediately.

The Company faces declining revenues, deteriorating profits, and a severe drop in its stock price. I have lost the confidence that we have the strategies and plans that can reverse this situation. Chiquita also lacks the capabilities to address basic operational requirements for a sound business.

The fact that Management did not want or could not respond to a request for a realistic 2011 forecast six weeks prior to the start of the new fiscal year is simply one such illustration.

I have enjoyed interacting with each of you, and have the greatest respect for your dedication to the interest of Chiquita and its stakeholders.

Durk

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