-----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, NHy0X5EX/1wnNca7P95nV4ohL7SJ9swUUV5NZqFcHfJldDRefer1dv7t/Q2Z377T b/YEiFufAjx2fjVqypRfXQ== 0000950123-10-004962.txt : 20100126 0000950123-10-004962.hdr.sgml : 20100126 20100125173233 ACCESSION NUMBER: 0000950123-10-004962 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100125 ITEM INFORMATION: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100126 DATE AS OF CHANGE: 20100125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SENSIENT TECHNOLOGIES CORP CENTRAL INDEX KEY: 0000310142 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 390561070 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07626 FILM NUMBER: 10545544 BUSINESS ADDRESS: STREET 1: 777 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4142716755 MAIL ADDRESS: STREET 1: PO BOX 737 CITY: MILWAUKEE STATE: WI ZIP: 53201 FORMER COMPANY: FORMER CONFORMED NAME: UNIVERSAL FOODS CORP DATE OF NAME CHANGE: 19920703 8-K 1 c55805e8vk.htm FORM 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
January 25, 2010
(Date of Report/Date of earliest event reported)
SENSIENT TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
         
WISCONSIN
(State or other jurisdiction
of incorporation)
  1-7626
(Commission File Number)
  39-0561070
(IRS Employer
Identification No.)
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-5304
(Address and zip code of principal executive offices)
(414) 271-6755
(Registrant’s telephone number, including area code)
N/A
(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:
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 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
     On January 25, 2010, Sensient’s Board of Directors approved proposed settlements of legal claims related to the General Color superfund site in Camden, New Jersey. The proposed settlements, which remain subject to negotiation of final terms and conditions and approval of a proposed consent decree that will be submitted to the U.S. District Court in New Jersey, are expected to result in pre-tax charges in the fourth quarter of 2009 of between $10 million and $12 million for estimated settlement liabilities and related legal costs, net of insurance reimbursements ($6.1 million to $7.3 million after tax, or $.12 to $.15 per share). A press release regarding the proposed settlements is filed as an exhibit to this Form 8-K.
ITEM 9.01. Exhibits
     
Exhibit    
99.1
  Press Release Regarding Proposed Settlements of Environmental Litigation.

 


 

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.
         
         
  SENSIENT TECHNOLOGIES CORPORATION
(Registrant)
 
 
  By:   /s/ John L. Hammond    
    Name:  John L. Hammond  
  Title:   Senior Vice President, General
Counsel and Secretary

 
  Date: January 25, 2010   
 

 


 

EXHIBIT INDEX
     
Exhibit    
99.1
  Press Release Regarding Proposed Settlements of Environmental Litigation.

 

EX-99.1 2 c55805exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
     
Sensient Technologies Corporation   Page 1
News Release    
January 25, 2010    
FOR IMMEDIATE RELEASE
     
Contact:
  Dick Hobbs
 
  (414) 347-3836
Sensient Technologies Corporation
Announces Proposed Settlements of Environmental Litigation
     MILWAUKEE—January 25, 2010—Sensient Technologies Corporation (NYSE: SXT) announced today that it intends to settle legal claims related to the General Color Company Superfund Site in Camden, New Jersey. These proposed settlements remain subject to the negotiation of final terms and conditions. When completed, parts of the final settlement will be included in a proposed Consent Decree that will be submitted to the U.S. District Court in New Jersey.
     Although Sensient never owned or operated the New Jersey site in question, it was named a potentially responsible party under the Comprehensive Environmental Response, Compensation and Liability Act and became the subject of environmental claims because a company that Sensient acquired over 20 years ago once operated at the site.
     As a result of the proposed settlements, Sensient expects that its results for the fourth quarter of 2009 will include pre-tax charges for estimated settlement liabilities and related legal costs, net of insurance reimbursements, of between $10 million and $12 million ($6.1 million to $7.3 million after tax, or $.12 to $.15 per share).
     Excluding the expenses discussed above, Sensient expects that its 2009 diluted earnings per share will be at or slightly above the top end of its previously provided forecast range of $1.85 to $1.90. For 2010, Sensient continues to expect diluted earnings per share to be within a range of $1.98 to $2.05.
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  Page 2
   
   
     This release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995) that reflect management’s current assumptions and estimates of future economic circumstances, industry conditions, company performance and financial results. A variety of factors could cause the company’s actual results and experience to differ materially from the anticipated results, including, but not limited to the factors noted in this press release and in the Management’s Discussion and Analysis in our most recently filed annual report on Form 10-K for the year ended December 31, 2008, and quarterly report on Form 10-Q for the quarter ended September 30, 2009. The forward-looking statements in this press release speak only as to the date of this release. Sensient Technologies Corporation expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations upon which such statements are based.
ABOUT SENSIENT TECHNOLOGIES
     Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty chemicals. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
     www.sensient-tech.com
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