-----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, DlyVfIGvVqjgwRDTOcsECBWmNdPFyzNUKN92zd0MVZolnMieI5iEalrG5VA/hIxT tyWNzveB2sRIx19KcHB79Q== 0000030554-96-000002.txt : 19960111 0000030554-96-000002.hdr.sgml : 19960111 ACCESSION NUMBER: 0000030554-96-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960105 ITEM INFORMATION: Other events FILED AS OF DATE: 19960105 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUPONT E I DE NEMOURS & CO CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MAIL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00815 FILM NUMBER: 96501274 BUSINESS ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 BUSINESS PHONE: 3027741000 8-K 1 CURRENT REPORT 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): January 5, 1996 E. I. du Pont de Nemours and Company (Exact Name of Registrant as Specified in Its Charter) Delaware 1-815 51-0014090 (State or Other Jurisdiction (Commission (I.R.S Employer of Incorporation) File Number) Identification No.) 1007 Market Street Wilmington, Delaware 19898 (Address of principal executive offices) Registrant's telephone number, including area code: (302) 774-1000 1 Item 5. Other Events In connection with Debt and/or Equity Securities that may be offered on a delayed or continuous basis under Registration Statements on Form S-3 (No. 33-48128, No. 33-53327 and No. 33-61339), we hereby file the following press release. Contact: Kathleen H. Forte (302) 773-4418 WILMINGTON, Del., Jan. 5 -- DuPont today announced that it will take two nonrecurring charges against fourth quarter 1995 earnings totaling $.15 per share. The first charge relates to a recent settlement of a nationwide class-action plumbing lawsuit, and the second to write-downs of certain petroleum assets. In the fourth quarter, DuPont, Shell Chemical Corp. and Hoechst Celanese settled national class-action litigation in connection with allegedly defective plumbing systems made with polybutylene pipe and acetal fittings. DuPont manufacturers acetal resins from which it is alleged some of the acetal fittings were made. As a result of the settlement, DuPont will pay up to 10 percent of certain costs associated with plumbing systems that are replaced under the terms of the settlement. The company has made accruals in the past for estimated costs in connection with this matter, and will be taking an after-tax charge of $38 million (7 cents a share) in the fourth quarter to cover its share of estimated remaining costs. The Financial Accounting Standards Board has issued Statement of Financial Accounting Standards No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disposed of." The Standard provides for the write-down of assets that are not expected to recover their book value. In the fourth quarter, an after-tax charge of about $45 million (8 cents a share) will be made, consistent with the provisions of this Standard, primarily related to the write-down of certain North American and European petroleum assets. The company has been actively engaged in rationalizing and upgrading its asset portfolio for several years. DuPont is a research and technology-based global chemical and energy company offering high-performance products based on chemicals, polymers, fibers and petroleum. Committed to better things for better living, DuPont serves world-wide markets in the aerospace, agriculture, apparel, automotive, construction, electronics, packaging, refining and transportation industries. Among DuPont's best known brands are TEFLON(R) fluoropolymer resins; SILVERSTONE(R) non-stick finishes; LYCRA(R) brand spandex fiber; STAINMASTER(R) flooring systems; KEVLAR(R) aramid fiber; TYVEK(R) spunbonded olefin; and CORIAN(R) solid surface material. 1/5/96 2 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. E. I. DU PONT DE NEMOURS AND COMPANY (Registrant) /s/ D. B. Smith ------------------------------------ D. B. Smith Assistant Controller January 5, 1996 3 -----END PRIVACY-ENHANCED MESSAGE-----