-----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, L4npu1YIAHUdkJHAO2PTnIH0zLcCzp6ClZhXOxVvm5iDWFtK9KP5k4X0zGNmTYmr Cwhoj4iW31k7quijal1q3w== 0000088121-05-000009.txt : 20050524 0000088121-05-000009.hdr.sgml : 20050524 20050524083918 ACCESSION NUMBER: 0000088121-05-000009 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050524 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050524 DATE AS OF CHANGE: 20050524 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEABOARD CORP /DE/ CENTRAL INDEX KEY: 0000088121 STANDARD INDUSTRIAL CLASSIFICATION: MEAT PACKING PLANTS [2011] IRS NUMBER: 042260388 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03390 FILM NUMBER: 05853000 BUSINESS ADDRESS: STREET 1: 9000 W. 67TH STREET CITY: SHAWNEE MISSION STATE: KS ZIP: 66202 BUSINESS PHONE: 9136768800 MAIL ADDRESS: STREET 1: 9000 W. 67TH STREET CITY: SHAWNEE MISSION STATE: KS ZIP: 66202 FORMER COMPANY: FORMER CONFORMED NAME: SEABOARD ALLIED MILLING CORP DATE OF NAME CHANGE: 19820328 FORMER COMPANY: FORMER CONFORMED NAME: HATHAWAY BAKERIES INC DATE OF NAME CHANGE: 19710315 8-K 1 k-852405.txt SEABOARD CORPORATION 8-K DATED MAY 24, 2005 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 24, 2005 Seaboard Corporation (Exact name of registrant as specified in its charter) Delaware 1-3390 04-2260388 (State or other jurisdiction of Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 9000 W. 67th Street, Shawnee Mission, Kansas 66202 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) (913) 676-8800 Not Applicable (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-120 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 May 24, 2005, Registrant issued a press release announcing an agreement to sell certain of its third party commodity trading operations to Grindrod Limited. The full text of this press release is included as exhibit 99.1 and incorporated by reference in this Current Report on Form 8-K. Item 9.01. Financial Statements and Exhibits (c) Exhibits Registrant hereby furnishes the following exhibit pursuant to Item 8.01: 99.1 Press release of Seaboard Corporation dated May 24, 2005 announcing an agreement to sell certain commodity trading operations to Grindrod Limited. 1 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 thereunto duly authorized. DATE: May 24, 2005 Seaboard Corporation by: /s/ Robert L. Steer Robert L. Steer, Senior Vice President, Treasurer and Chief Financial Officer 2 EX-99.1 2 ex99124.txt PRESS RELEASE OF SEABOARD CORPORATION Exhibit 99.1 PRESS RELEASE Seaboard Announces Sale of Certain Third Party Commodity Trading Operations May 24, 2005 Merriam, Kansas Seaboard Corporation (AMEX: SEB) announced today that its Commodity Trading and Milling Segment has entered into agreements to sell certain of its third party commodity trading operations to a South African multi-national shipping company, Grindrod Limited. The transaction is scheduled to close on May 27, 2005. The sale of this portion of Seaboard's business will enable Seaboard to focus on its core milling operations and the efficient supply of commodities to support these operations. Seaboard's revenues for the first quarter 2005 and for the year 2004 from the portion of the operations being sold were approximately $140 million and $630 million, respectively. This compares to total Seaboard revenues for the first quarter 2005 and for the year 2004 of approximately $713 million and $2.7 billion, respectively. Operating income from the portion of the operations being sold cannot be currently distinguished from the remaining operations of Seaboard's Commodity Trading and Milling Segment. Operating income for the first quarter 2005 and for the year 2004 for Seaboard's Commodity Trading and Milling Segment were approximately $19.8 million and $27.4 million, respectively. This compares to total Seaboard operating income for the first quarter 2005 and for 2004 of approximately $97.1 million and $251.3 million, respectively. Seaboard Corporation is a diversified international agribusiness and transportation company, primarily engaged in domestic pork production and processing and cargo shipping. Overseas, Seaboard is primarily engaged in commodity merchandising, flour and feed milling, sugar production and electric power generation. -----END PRIVACY-ENHANCED MESSAGE-----