0000088121-14-000007.txt : 20141031
0000088121-14-000007.hdr.sgml : 20141031
20141031160313
ACCESSION NUMBER: 0000088121-14-000007
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20141031
ITEM INFORMATION: Results of Operations and Financial Condition
ITEM INFORMATION: Financial Statements and Exhibits
FILED AS OF DATE: 20141031
DATE AS OF CHANGE: 20141031
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SEABOARD CORP /DE/
CENTRAL INDEX KEY: 0000088121
STANDARD INDUSTRIAL CLASSIFICATION: [6221]
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: 141186655
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
k8103114.txt
SEABOARD CORPORATION 8-K DATED OCTOBER 31, 2014
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 31, 2014
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) 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-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 2.02 Results of Operations and Financial Condition
On October 31, 2014, Registrant issued a press release announcing earnings
for the quarter ended September 27, 2014. The full text of this press
release is included as Exhibit 99.1 to this Current Report on Form 8-K.
In accordance with General Instruction B.2 of Form 8-K, the information
furnished pursuant to Item 2.02, and the related press release included as
Exhibit 99.1 to this Current Report, shall not be deemed to be "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or otherwise subject to the liabilities of that
section, nor shall such information be deemed incorporated by reference in
any filing under the Securities Act of 1933, as amended, or the Exchange
Act, except as shall be expressly set forth by specific reference in such a
filing.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Registrant hereby furnishes the following exhibit pursuant to Item
2.02:
99.1 Press release of Seaboard Corporation dated October 31, 2014
announcing earnings for the quarter ended September 27, 2014.
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: October 31, 2014
Seaboard Corporation
by: /s/ Robert L. Steer
Robert L. Steer, Executive Vice President,
Chief Financial Officer
2
EX-99.1
2
ex99-1a.txt
PRESS RELEASE
Exhibit 99.1
PRESS RELEASE
REPORT OF EARNINGS
October 31, 2014
Shawnee Mission, Kansas
The following is a report of earnings for Seaboard Corporation (NYSE MKT
symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202, (the "Company"), for the three and nine months ended September 27,
2014 and September 28, 2013, in thousands of dollars except share and per
share amounts.
Three Months Ended Nine Months Ended
September 27, September 28, September 27, September 28,
2014 2013 2014 2013
Net sales $1,622,641 $1,648,105 $4,796,868 $4,914,440
Net earnings attributable
to Seaboard $ 104,749 $ 30,969 $ 246,592 $ 127,970
Net earnings per common
share $ 89.49 $ 25.99 $ 208.76 $ 107.09
Average number of shares
outstanding 1,170,550 1,191,744 1,181,217 1,195,006
Notes to Report of Earnings:
As of September 27, 2014, Seaboard's Pork segment sold to Triumph Foods LLC
a 50% interest in Daily's Premium Meats, its processed meats division.
Included in net earnings attributable to Seaboard for the three and nine
months ended September 27, 2014 is a gain on sale of controlling interest
in subsidiary of $39,279,000 net of taxes, or $33.56 and $33.25 per share,
respectively ($64,392,000 gain before taxes). The final sale price is
subject to agreement on the final working capital adjustments but any such
remaining adjustment is not anticipated to be significant.
Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the
United States Securities and Exchange Commission. Seaboard has provided
access to the Quarterly Report on Form 10-Q on its website at
http://www.seaboardcorp.com/investor