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) October 3, 2013
NEOGEN CORPORATION
(Exact name of registrant as specified in its charter)
MICHIGAN | 0-17988 | 38-2367843 | ||
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
620 Lesher Place Lansing, Michigan | 48912 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code 517-372-9200
(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)) |
Item 8.01 Other Events
On October 3, 2013, Neogen Corporation issued a press release announcing that the Board of Directors has approved a 3-for-2 stock split. A copy of the press release is attached as Exhibit 99.1 to this report.
This Form 8-K and the attached exhibit shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and are not incorporated by reference into any filing of the Registrant, whether made before or after the date of this report, regardless of any general incorporation language in the filing.
Item 9.01 Financial Statements and Exhibits
(d) | Exhibits |
99.1 | Neogen Corporation Press Release dated October 3, 2013 |
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.
NEOGEN CORPORATION (Registrant) | ||||||
Date: October 4, 2013 | /s/ Steven J. Quinlan | |||||
Steven J. Quinlan | ||||||
Vice President & CFO |
Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT: | Steven J. Quinlan | |
Neogen VP & CFO | ||
517/372-9200 |
Neogen announces 3-for-2 stock split
LANSING, Mich., Oct. 3, 2013 Neogen Corporation (NASDAQ: NEOG) today announced that its Board of Directors has approved a three-for-two stock split. With the split, shareholders of record on Oct. 15, 2013, will receive one additional share of stock for each two shares held.
The stock split will be effected in the form of a stock dividend that will be paid in newly issued common stock on Oct. 30, 2013, to shareholders of record as of the close of business on Oct. 15, 2013. As of today, Neogen has approximately 24,300,000 shares of common stock outstanding. After the split, the company will have approximately 36,450,000 shares of common stock outstanding. This is the fourth stock dividend declared by the company. The most recent was a three-for-two split in December 2009.
We are very pleased to be able to enhance the availability and liquidity of our shares to allow more participation in Neogens success, while at the same time rewarding our large number of loyal long-term investors, said James Herbert, Neogens chief executive officer and chairman. This stock split reflects our Boards strong belief in Neogens long-term growth, and recognizes the stock price has increased 50% during the past year.
All fractional shares resulting from the dividend will be exchanged for cash at the post-split fair market value of Neogens common stock, based on the closing sales price per share on Oct. 15, 2013, as reported on the NASDAQ National Market System.
Shareholders contemplating a transaction of Neogen stock between the record date and payment date should consult a broker regarding their entitlement to the dividend shares.
Neogen Corporation develops and markets products dedicated to food and animal safety. The companys Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, food allergens, drug residues, plant diseases and sanitation concerns. Neogens Animal Safety Division is a leader in the development of animal genomics along with the manufacturing and distribution of a variety of animal healthcare products, including diagnostics, pharmaceuticals, veterinary instruments, wound care and disinfectants.
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