-----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, RdvsotupKvvxdXpYoeYrV+k1liFqh9oCex3tub5DAJewXgBpYr1g23wuSsuvAjMu z+fx4KlX6EnTxeSPex+mFg== 0001193125-03-099586.txt : 20031229 0001193125-03-099586.hdr.sgml : 20031225 20031229123451 ACCESSION NUMBER: 0001193125-03-099586 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031219 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SENSIENT TECHNOLOGIES CORP CENTRAL INDEX KEY: 0000310142 STANDARD INDUSTRIAL CLASSIFICATION: BEVERAGES [2080] 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: 031074791 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 d8k.htm CURRENT REPORT 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

 

 

December 19, 2003

(Date of Report/Date of earliest event reported)

 

 

SENSIENT TECHNOLOGIES CORPORATION

(Exact name of registrant as specified in its charter)

 

 

WISCONSIN   1-7626   39-0561070
(State or other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)       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)

 

 



ITEM 9. REGULATION FD DISCLOSURE

 

On December 19, 2003, the Company issued a press release announcing plans to improve its cost efficiency worldwide with primary emphasis on the Color Group. Under the plan, the Company intends to reduce headcount and improve the efficiencies of its operations. In addition, the Company announced plans to eliminate the expense associated with subsidizing certain postretirement programs.. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

2


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: Vice President, Secretary and
      General Counsel

 
 
 
Date: December 29, 2003

 

3


EXHIBIT INDEX

 

99.1        Press Release issued December 19, 2003.

 

4

EX-99.1 3 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

 

MILWAUKEE, Dec 19, 2003 (BUSINESS WIRE) — Sensient Technologies Corporation (NYSE:SXT) today announced plans to improve its cost efficiency worldwide with primary emphasis on the Color Group. Under the plan, the Company intends to reduce headcount and improve the efficiencies of its operations. In addition, the Company plans to eliminate the expense associated with subsidizing certain postretirement programs. After the changes are fully implemented in 2004, Sensient expects to realize annual pre-tax savings of approximately $10 million.

 

“This plan is in response to continued softness within the Company’s food and beverage markets, primarily in North America. These moves will significantly reduce cost and increase the manufacturing efficiencies within the Company’s Color Group,” said Mr. Kenneth P. Manning, Sensient’s Chairman and Chief Executive Officer.

 

Sensient intends to record a charge of approximately $6 million in the 4th Quarter of 2003 to reflect expenses related to this program. The Company will also record a one-time benefit of approximately $13 million related to the elimination of its subsidy for postretirement programs.

 

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 Analysis of Operations & Financial Condition in our most recently filed annual report on Form 10-K for the year ended December 31, 2002, and quarterly report on Form 10-Q for the quarter ended September 30, 2003. 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 ingredient systems and specialty chemicals for inkjet inks, display imaging systems and other applications. The company’s customers include major international manufacturers representing some of the world’s best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.

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