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 19, 2014
FUTUREFUEL CORP.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-52577 |
20-3340900 |
(Commission File Number) |
(IRS Employer Identification No.) |
8235 Forsyth Blvd., Suite 400
St. Louis, Missouri 63105
(Address of Principal Executive Offices)
(805) 565-9800
(Registrant’s Telephone Number)
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 |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
Item 8.01 – Other Events
On December 19, 2014, FutureFuel Corp. (NYSE: FF) (the “Company”) issued a press release announcing that the Company had declared its 2015 quarterly dividend program, declaring normal quarterly dividends of U.S. $0.06 per share, with record dates of March 2, 2015, June 1, 2015, September 1, 2015 and December 1, 2015, and payment dates of March 13, 2015, June 12, 2015, September 11, 2015 and December 11, 2015, respectively.
A copy of the press release is furnished as Exhibit 99.1 to this report.
Item 9.01 – Financial Statements and Exhibits
A copy of the press release is included as Exhibit 99.1.
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 hereunto duly authorized.
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FUTUREFUEL CORP. |
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By: |
/s/ Paul A. Novelly |
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Paul A. Novelly, Chairman and CEO |
Date: December 19, 2014
Exhibit 99.1
December 19, 2014
COMPANY CONTACT: |
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FutureFuel Corp. |
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Lee E. Mikles, President |
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(805) 565-9800 |
www.futurefuelcorporation.com |
FOR IMMEDIATE RELEASE
FutureFuel Corp. Announces 2015 Dividend Program
CLAYTON, MO. (December 19, 2014) – FutureFuel Corp. (NYSE: FF), a manufacturer of custom and performance chemicals and biofuels, today announced its 2015 quarterly dividend program, declaring normal quarterly dividends of U.S. $0.06 per share, with record dates of March 2, 2015, June 1, 2015, September 1, 2015 and December 1, 2015, and payment dates of March 13, 2015, June 12, 2015, September 11, 2015 and December 11, 2015, respectively.
FutureFuel’s President, Lee E. Mikles, commented on the Company’s 2015 dividend policy, saying: “Since its inception, FutureFuel has been, and remains, a shareholder-aware company in all activities inclusive of its dividend policy. The Company’s Board of Directors has determined to reduce the dividend rate for 2015, primarily in reaction to uncertainty surrounding our biodiesel segment. The entire U.S. biofuels industry continues to be challenged by the lack of clarity from Congress on the $1 per gallon biofuel blenders’ credit coupled with considerable questions around the EPA’s renewable fuel standards (RFS) and renewable volume obligations (RVO). The Company has concluded this to be a prudent step in the current environment. At the same time, we remain optimistic that the EPA will issue an improved RVO for 2015. The lack of an RVO in 2014 compounded the incremental pressure on our biofuels business and the biofuels industry cannot operate effectively without that clarity. The Company is committed to a strong dividend policy that reflects the underlying strength of our business and the Board of Directors will periodically review our dividend policy as events unfold.”
About FutureFuel
FutureFuel is a leading manufacturer of diversified chemical products and biobased products comprised of biofuels and biobased specialty chemical products. In its biofuels segment, the Company predominantly produces biodiesel. In its chemicals business, it manufactures specialty chemicals for specific customers (custom manufacturing) as well as multi-customer specialty chemicals (performance chemicals). Its custom manufacturing product portfolio includes a bleach activator for a major detergent manufacturer, a proprietary herbicide and intermediates for a major life sciences company, and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. The performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. Visit www.futurefuelcorporation.com for more information on FutureFuel.
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