-----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, Eg1VAWmHcn2H3ZBQ0+46IXVZ+DEj0fIrRkHnAU/8TriXthjf1Z97udXDhg9yzn7M FPyEK9NbZvd9QeiH4Efy5A== 0001275287-07-000017.txt : 20070103 0001275287-07-000017.hdr.sgml : 20070101 20070103091410 ACCESSION NUMBER: 0001275287-07-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070103 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070103 DATE AS OF CHANGE: 20070103 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: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00652 FILM NUMBER: 07500720 BUSINESS ADDRESS: STREET 1: 1501 NORTH HAMILTON STREET STREET 2: PO BOX 25099 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 uc8410.txt 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: January 3, 2007 (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 (IRS Employer of Incorporation) File Number) 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 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)) ================================================================================ ITEM 8.01. OTHER EVENTS. On January 3, 2007, the Registrant issued a press release announcing that a California court has substantially reduced punitive damages previously awarded to plaintiffs in the case captioned Rosemary Valladares, et al v. Madera Quality Nut, Inc., et al. The press release is furnished as Exhibit 99.1 to this Report and is incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (d) Exhibits. NO. DESCRIPTION ----- ------------------------------------------------------------ 99.1 Press release dated January 3, 2007, announcing reduction of jury award.* - ---------- *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: January 3, 2007 By: /s/ Preston D. Wigner ----------------------------- Preston D. Wigner General Counsel and Secretary EXHIBIT INDEX EXHIBIT NUMBER DOCUMENT - -------- --------------------------------------------------------------------- 99.1 Press release dated January 3, 2007, announcing reduction of jury award.* - ---------- *Filed Herewith EX-99.1 2 uc8410ex991.txt EXHIBIT 99.1 EXHIBIT 99.1 UNIVERSAL CORPORATION ANNOUNCES SUBSTANTIAL REDUCTION IN JURY AWARD RICHMOND, Va., Jan. 3 /PRNewswire-FirstCall/ -- Universal Corporation (NYSE: UVV) announced today that a California court has substantially reduced punitive damages previously awarded to plaintiffs in the case captioned Rosemary Valladares, et al v. Madera Quality Nut, Inc., et al. Compensatory damages awarded in the case were about $200,000, and punitive damages have been reduced by the trial court to approximately $1.25 million from the original jury award of $25 million. Under this court order, the total cost to the Company and its subsidiaries would be about $1.45 million plus a portion of the plaintiffs' legal costs, in addition to its own legal costs. The case arose from an employment matter involving the Company's Madera Quality Nut subsidiary, and was tried in the Superior Court of the State of California in the County of Madera. The Company is reviewing the final order from the court and considering its options, which could include appeal. In the six months that ended on September 30, 2006, the Company accrued an estimate of the liability, which was not material to its consolidated financial statements. The final order does not exceed the amount accrued. Headquartered in Richmond, Virginia, Universal Corporation (NYSE: UVV) is one of the world's leading tobacco merchants and processors and conducts business in more than 35 countries. Universal has announced plans to sell its non-tobacco businesses. The revenues of its tobacco business for the fiscal year ended March 31, 2006, were $1.8 billion. For more information on Universal Corporation, visit its web site at http://www.universalcorp.com. SOURCE Universal Corporation -0- 01/03/2007 /CONTACT: Karen M. L. Whelan of Universal Corporation, +1-804-359-9311, Fax: +1-804-254-3594, investor@universalleaf.com/ /Web site: http://www.universalcorp.com / (UVV) -----END PRIVACY-ENHANCED MESSAGE-----