-----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, NAuhzIPtM3IUmP5srlJNtn3fENQ6bQeDkyiXjFp3TMLZwcQ8Vvh3haGYWNgF7OVf qzrPy4lveT+Yb3jJn/LiJg== 0000950137-05-007595.txt : 20050620 0000950137-05-007595.hdr.sgml : 20050617 20050620153038 ACCESSION NUMBER: 0000950137-05-007595 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050617 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050620 DATE AS OF CHANGE: 20050620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CLARCOR INC CENTRAL INDEX KEY: 0000020740 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 360922490 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11024 FILM NUMBER: 05905770 BUSINESS ADDRESS: STREET 1: 840 CRESCENT CENTRE DRIVE STREET 2: SUITE 600 CITY: FRANKLIN STATE: TN ZIP: 37067 BUSINESS PHONE: (615)771-3100 MAIL ADDRESS: STREET 1: 840 CRESCENT CENTRE DRIVE STREET 2: SUITE 600 CITY: FRANKLIN STATE: TN ZIP: 37067 FORMER COMPANY: FORMER CONFORMED NAME: CLARK J L MANUFACTURING CO /DE/ DATE OF NAME CHANGE: 19871001 8-K 1 c96113e8vk.txt 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) June 17, 2005 CLARCOR INC. -------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-11024 36-0922490 - -------------------------------------------------------------------------------- (State or other jurisdiction of (Commission (IRS Employer incorporation) File Number) Identification Number) 840 Crescent Centre Drive, Suite 600, Franklin, TN 37067 -------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 615-771-3100 ----------------------------- - -------------------------------------------------------------------------------- (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)) Section 8 - Other Information Item 8.01 Other Events. (a) On June 17, 2005 CLARCOR Inc., a Delaware corporation (NYSE: CLC) (the "Company"), issued a press release disclosing that the Company's Board of Directors had approved, at a regular Board meeting, (a) a $150 million stock repurchase program and (b) a quarterly cash dividend of $0.06375 per share of Common Stock. Pursuant to the stock repurchase program, CLARCOR may purchase shares from time to time in the open market or through privately negotiated transactions over the next two years. CLARCOR has no obligation to repurchase shares under the program, and the timing, actual number and value of shares to be purchased will depend on CLARCOR's stock price and market conditions. The record date for the cash dividend is July 15, 2005 and the payment date is July 29, 2005. Section 9 - Financial Statements & Exhibits Item 9.01 Financial Statements & Exhibits Exhibit 99.1 - Press Release dated June 17, 2005. 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. CLARCOR INC. By /s/ Norman E. Johnson ----------------------------------------- Norman E. Johnson, Chairman of the Board, President and Chief Executive Officer Date: June 20, 2005 EX-99.1 2 c96113exv99w1.txt PRESS RELEASE EXHIBIT 99.1 FOR FURTHER INFORMATION CONTACT: Bruce A. Klein Vice President - Finance and Chief Financial Officer Franklin, Tennessee 615-771-3100 FOR IMMEDIATE RELEASE FRIDAY, JUNE 17, 2005 CLARCOR ANNOUNCES $150 MILLION STOCK REPURCHASE PROGRAM AND REGULAR QUARTERLY DIVIDEND FRANKLIN, TN, JUNE 17, 2005 -- The Board of Directors of CLARCOR Inc. (NYSE:CLC) today authorized a $150 million stock repurchase program. Pursuant to the authorization, CLARCOR may purchase shares from time to time in the open market or through privately negotiated transactions over the next two years. CLARCOR has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares to be purchased will depend on CLARCOR's stock price and market conditions. CLARCOR's Board of Directors also declared a regular quarterly dividend of $0.06375 per share. The dividend is payable July 29, 2005 to shareholders of record July 15, 2005. Norm Johnson, CLARCOR's Chairman and Chief Executive Officer, said, "Our strong cash position and expectations for continued strength in our annual cash flows allows CLARCOR to aggressively invest to grow our current business, pursue acquisitions and repurchase our stock. One of our priorities is the effective use of our assets to enhance the value of CLARCOR for our shareholders." CLARCOR is based in Franklin, Tennessee, and is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets. Common shares of the Company are traded on the New York Stock Exchange under the symbol CLC. The statements in this release concerning the Company's sales, earnings, business performance and prospects are forward-looking statements that involve significant risks and uncertainties, including the effect of changes in product demand, availability of labor, price and product competition, raw material costs, health care costs, energy prices, productivity improvement and plant consolidation programs, distribution channels, acquisitions and divestitures, general economic conditions in both domestic and foreign markets, interest rates, currency fluctuations, the success of our Total Filtration Program, the success of sales and marketing programs, the cost of compliance with recently enacted regulatory requirements, the effect of changes in accounting rules and other factors discussed in filings made with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----