-----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, TX7/ZW21T1CxNJHZAg996W3uk/AAlxTZboa5dMqIyED4+M++2q4DAcdonbpiqVWy 7Le0EkmiPDOpYboguJmoXw== 0001181431-10-005126.txt : 20100128 0001181431-10-005126.hdr.sgml : 20100128 20100128152022 ACCESSION NUMBER: 0001181431-10-005126 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100126 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100128 DATE AS OF CHANGE: 20100128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OI CORP CENTRAL INDEX KEY: 0000073773 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 730728053 STATE OF INCORPORATION: OK FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-06511 FILM NUMBER: 10553706 BUSINESS ADDRESS: STREET 1: P O BOX 9010 STREET 2: 151 GRAHAM RD CITY: COLLEGE STATION STATE: TX ZIP: 778429010 BUSINESS PHONE: 4096901711 MAIL ADDRESS: STREET 1: 151 GRAHAM RD STREET 2: P O BOX 9010 CITY: COLLEGE STATION STATE: TX ZIP: 77842-9010 FORMER COMPANY: FORMER CONFORMED NAME: OCEANOGRAPHY INTERNATIONAL CORP DATE OF NAME CHANGE: 19801205 8-K 1 rrd264180.htm Prepared By R.R. Donnelley Financial -- Form 8-K
 
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):  01/26/2010
 
O.I. CORPORATION
(Exact name of registrant as specified in its charter)
 
Commission File Number:  0-6511
 
Oklahoma
  
73-0728053
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
151 Graham Road
P.O. Box 9010
College Station, TX 77842
(Address of principal executive offices, including zip code)
 
(979) 690-1711
(Registrant’s telephone number, including area code)
 
(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:
[  ]   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 1.01.    Entry into a Material Definitive Agreement
 
On May 29, 2008, O.I. Corporation ("OI" or the "Company") entered into a Value Added Reseller Agreement (the "Agreement") with Agilent Technologies. A copy of the Agreement in its entirety was filed as Exhibit 10.1 to the Company's Report on Form 10-Q for the period ended June 30, 2008.

The terms of this Agreement have been subsequently modified in part by Amendment 3 to Value Added Reseller Program Agreement Number AHA47 By and Between Agilent Technologies, Inc. and O.I. Corporation (the "Amendment"). The Amendment renews the Agreement through December 31, 2010, establishes new sales volume targets for OI, and provides for volume-based discount on eligible products.

The description of the terms of the Amendment contained in this Item 1.01 is a summary, does not purport to be complete, and is qualified in its entirety by reference to the terms of the Amendment, which will be filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009.

 
 
Item 8.01.    Other Events
 
On January 28, 2010, the Company issued a press release announcing a quarterly cash dividend of $0.05 per common share payable on March 1, 2010 to shareholders of record at the close of business on February 12, 2010. The Company also announced authorization by the Company's Board of Directors to repurchase up to an additional 100,000 shares of the Company's outstanding common stock under the Company's 2006 stock repurchase program.

A copy of the press release is attached hereto as Exhibit 99.1. The press release is furnished, not filed, pursuant to Regulation FD.

 
 
Item 9.01.    Financial Statements and Exhibits
 
(d)        Exhibits

99.1        Press Release dated January 28, 2010

 

 

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.
 
           
O.I. CORPORATION
 
 
Date: January 28, 2010
     
By:
 
/s/    J. Bruce Lancaster
               
J. Bruce Lancaster
               
Chief Executive Officer & Chief Financial Officer
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
EX-99.1
  
EX-99.1 2 rrd264180_30967.htm

EXHBIT 99.1

O.I. Corporation Announces Cash Dividend, Expanded Stock Repurchase Program, Extension of VAR Agreement with Agilent Technologies, and Annual Meeting

College Station, Texas---January 28, 2010-O.I. Corporation (NASDAQ: OICO) today announced that its Board of Directors declared a quarterly cash dividend of $0.05 per common share payable on March 1, 2010 to shareholders of record at the close of business on February 12, 2010.

The Company also announced today that its Board of Directors has authorized the Company to repurchase up to an additional 100,000 shares of the Company's outstanding common stock under the Board's previously authorized August 2006 stock repurchase program. With this addition, the Company is authorized to purchase up to approximately 136,007 shares under the program. Stock repurchases under this program may be made from time to time through open market purchases or privately negotiated transactions. The timing and actual number of shares repurchased will depend on market conditions, regulatory requirements concerning open market purchases, and management discretion. The repurchase program may be suspended or discontinued at any time.

Finally, the Company announced that the terms of its Value Added Reseller Agreement with Agilent Technologies have been extended and modified through an amendment. The amendment renews the Agreement through December 31, 2010, establishes new sales volume targets for the Company, and provides for volume-based discount on eligible products. The Company will file a copy of the Amendment with its upcoming Report on Form 10-K.

Annual Meeting of Shareholders

The Company's Annual Meeting of Shareholders will be held Tuesday, May 18, 2010 at the Company's headquarters in College Station, Texas. Shareholders of record as of March 31, 2010 will be authorized to vote at the meeting.

About O.I. Corporation:

O.I. Corporation, dba OI Analytical, develops, manufactures, sells, and services analytical instrumentation that detects, measures, analyzes, and monitors chemicals in liquids, solids, and gases. Providing products used to digest, extract, and separate components of chemical mixtures, the Company designs application-specific solutions for various industries including environmental testing, defense, and petrochemical. Headquartered in College Station, Texas, the Company's products are sold worldwide.

Visit the Company's worldwide web site at:

http://www.oico.com

Investor Relations:

Bruce Lancaster

Chief Executive Officer &

Chief Financial Officer

979.690.1711

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