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) August 7, 2018
Seaboard Corporation
(Exact name of registrant as specified in its charter)
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Delaware |
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1-3390 |
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04-2260388 |
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(State or other jurisdiction of |
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(Commission |
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(I.R.S. Employer |
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incorporation) |
File Number) |
Identification No.) |
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9000 West 67th Street, Merriam, Kansas |
66202 |
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(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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition
On August 7, 2018, the Registrant issued a press release announcing earnings for the quarter ended June 30, 2018 and the Board of Directors’ declaration of a quarterly cash dividend of $1.50 per share of common stock, payable on August 30, 2018, to stockholders of record at the close of business on August 20, 2018. 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
(d) Exhibits
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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.
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Date: August 7, 2018 |
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Seaboard Corporation |
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(Registrant) |
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By: |
/s/ Robert L. Steer |
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Robert L. Steer, Executive Vice President, |
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Chief Financial Officer |
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Exhibit 99.1
PRESS RELEASE
REPORT OF EARNINGS AND DIVIDEND DECLARATION
August 7, 2018
Merriam, Kansas
The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB) with offices at 9000 West 67th Street, Merriam, Kansas, for the three and six months ended June 30, 2018 and July 1, 2017, in millions of dollars except share and per share amounts.
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Three Months Ended |
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Six Months Ended |
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June 30, |
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July 1, |
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June 30, |
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July 1, |
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2018 |
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2017 |
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2018 |
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2017 |
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Net sales |
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$ |
1,691 |
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$ |
1,422 |
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$ |
3,270 |
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$ |
2,821 |
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Net earnings attributable to Seaboard |
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$ |
7 |
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$ |
58 |
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$ |
39 |
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$ |
143 |
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Earnings per common share |
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$ |
6.28 |
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$ |
50.51 |
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$ |
33.03 |
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$ |
122.35 |
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Average number of shares outstanding |
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1,170,550 |
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1,170,550 |
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1,170,550 |
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1,170,550 |
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Dividends declared per common share |
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$ |
1.50 |
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$ |
1.50 |
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$ |
3.00 |
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$ |
3.00 |
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Notes to Report of Earnings and Dividend Declaration:
Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $1.50 per share of its common stock. The dividend is payable on August 30, 2018 to stockholders of record at the close of business on August 20, 2018.
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 https://www.seaboardcorp.com/investors.