-----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, QX0ToUxnnkXTWFMRNun52l2VzV4q41OnNAVLSeCrHy3ps7YfvQxOwPB9/VhkqcE7 sFRtrA+pR+OskUQ/i63Qgw== 0000893220-09-001062.txt : 20090507 0000893220-09-001062.hdr.sgml : 20090507 20090507080038 ACCESSION NUMBER: 0000893220-09-001062 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090505 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20090507 DATE AS OF CHANGE: 20090507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DUPONT E I DE NEMOURS & CO CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, 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: 09803514 BUSINESS ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 BUSINESS PHONE: 3027741000 MAIL ADDRESS: STREET 1: 1007 MARKET ST CITY: WILMINGTON STATE: DE ZIP: 19898 8-K 1 w73937e8vk.htm 8-K e8vk
 
 
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) May 5, 2009
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
         
Delaware
(State or Other Jurisdiction
Of Incorporation) 		  1-815
(Commission
File Number) 		  51-0014090
(I.R.S. Employer
Identification No.)
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant’s telephone number, including area code: (302) 774-1000
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:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 

 

Item 2.05   Costs Associated with Exit or Disposal Activities
     On May 5, 2009, in response to the protracted global economic recession, DuPont committed to an initiative to address the steep and extended downturn in transportation and construction markets, and the extension into industrial markets. The plan is designed to restructure asset and fixed cost bases primarily in the Coatings & Color Technologies, Electronics & Communication Technologies, Performance Materials, and Safety & Protection segments in order to maintain long-term competitiveness and maximize pretax operating income. The program will result in one-time pretax charges to earnings of $340 million to $390 million in the second quarter 2009, comprised of about $225 million of severance and related benefits costs and about $145 million primarily related to asset write-offs. DuPont expects to incur approximately $35 million of other costs, the majority of which will be incurred during the remainder of 2009 and 2010, primarily related to dismantlement and removal costs and accelerated depreciation associated with implementation of the plan. Future cash expenditures are anticipated to be $230 million to $260 million related to this initiative, comprised of about $225 million for the payment of severance and related benefits and about $25 million primarily related to dismantlement and removal costs.
     Under the plan, DuPont will eliminate about 2,000 positions by severance and expects this initiative to be substantially complete in 2010.

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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/ Barry J. Niziolek    
  Barry J. Niziolek   
  Vice President and Controller   
 
May 7, 2009

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