-----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, ATIzoiWsdNsMzgL80VQn7Sy0xejAJXlj/htQE3Em6m8gxQ5jtP7fi6LsLos2dTjs MqfgYoqn3xJm+Wca4ZO6Bw== 0000916641-99-000932.txt : 19991203 0000916641-99-000932.hdr.sgml : 19991203 ACCESSION NUMBER: 0000916641-99-000932 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19991202 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19991202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIVERSAL CORP /VA/ CENTRAL INDEX KEY: 0000102037 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-FARM PRODUCT RAW MATERIALS [5150] IRS NUMBER: 540414210 STATE OF INCORPORATION: VA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-00652 FILM NUMBER: 99767949 BUSINESS ADDRESS: STREET 1: P O BOX 25099 STREET 2: 1501 N HAMILTON ST CITY: RICHMOND STATE: VA ZIP: 23230 BUSINESS PHONE: 8043599311 MAIL ADDRESS: STREET 1: PO BOX 25099 CITY: RICHMOND STATE: VA ZIP: 23260 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSAL LEAF TOBACCO CO INC DATE OF NAME CHANGE: 19880314 8-K 1 FORM 8-K 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: December 2, 1999 (Date of earliest event reported) UNIVERSAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Virginia 1-652 54-0414210 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 1501 North Hamilton Street Richmond, Virginia 23230 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (804) 359-9311 Item 5. Other Events. The press release issued by the Registrant on December 2, 1999 attached hereto as Exhibit 99 is incorporated herein by reference. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits. No. Description --- ----------- 99 Press release announcing dividend increase and additional share repurchase.* - ------------- *Filed Herewith SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNIVERSAL CORPORATION (Registrant) Date: December 2, 1999 By: /s/ James M. White, III -------------------------------------------- James M. White, III Vice President, General Counsel & Secretary Exhibit Index Exhibit Number Document - ------ -------- 99 Press release announcing dividend increase and additional share repurchase. - ------------- *Filed Herewith EX-99 2 PRESS RELEASE Contact: Release: KAREN M. L. WHELAN IMMEDIATELY (804)359-9311 UNIVERSAL CORPORATION ANNOUNCES DIVIDEND INCREASE AND ADDITIONAL SHARE REPURCHASE RICHMOND, VA DECEMBER 2, 1999/PRNEWSWIRE/---- Henry H. Harrell, Chairman and Chief Executive Officer of Universal Corporation announced that the company's Board of Directors has approved the additional repurchase of up to $100 million of Universal common stock. This authorization, when added to two prior programs, brings the total level of authorization to $300 million since April 1998. Approximately 4.9 million shares have been purchased so far under these programs for about $153.6 million. The authorized purchases may be made from time to time on the open market or in privately negotiated transactions at prices not exceeding prevailing market rates. Universal currently has approximately 30.6 million common shares outstanding. In addition, the Board of Directors declared a regular quarterly dividend of thirty-one cents ($.31) per share on the common shares of the Company, payable February 14, 2000, to common shareholders of record at the close of business on January 10, 2000. This represents an increase of over 3.3% or $.01 per share per quarter and indicates an annualized rate of $1.24 per share. Universal has raised its common dividend every year since 1971, a record of 29 consecutive increases. Mr. Harrell explained that improving shareholder value is a continuing objective of the company and that these steps are among a number of actions that the company has taken in response to strong earnings and free cash flow. Other actions have included managing debt structure and expanding the company's businesses. Universal Corporation is a diversified company with operations in tobacco, lumber, and agri-products. Its gross revenues for the fiscal year that ended on June 30, 1999, were approximately $4 billion. For more information, visit Universal's web site at www.universalcorp.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----