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: October 8, 2010
AMERICAN CRYSTAL SUGAR COMPANY
(Exact name of registrant as specified in its charter)
Minnesota |
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33-83868; 333-11693; and |
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84-0004720 |
(State or other jurisdiction of |
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(Commission) |
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(I.R.S. Employer |
101 NORTH THIRD STREET |
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MOORHEAD, MN 56560 |
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(218) 236-4400 |
(Address of principal executive |
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(Registrants telephone number) |
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
American Crystal Sugar Company (the Company) announced to its shareholders in a letter dated October 8, 2010, that the projected gross beet payment for the 2009 crop is currently estimated at $52.87 per ton of average sugarbeets. The letter also states that the Board of Directors has approved a $3.00 per ton unit retain resulting in a projected average net beet payment per ton of $49.87. The final gross and net beet payments for the 2009 crop will not be determined until the Companys annual financial statements are completed and accepted by the Board of Directors on November 3, 2010.
The Company also announced that it is currently anticipating that the Company shareholders will be authorized to plant approximately 80% to 85% of stock acres in 2011. The Board of Directors retains the authority to adjust planting levels up or down depending on circumstances that develop throughout the year.
This report contains forward-looking statements and information based upon assumptions by the Companys management. These forward-looking statements can be identified by the use of forward-looking terminology such as expects, believes, will or similar verbs or expressions. If any of managements assumptions prove incorrect or should unanticipated circumstances arise, the Companys actual results could materially differ from those anticipated by such forward-looking statements. The differences could be caused by a number of factors or combination of factors, including, but not limited to, those factors influencing the Company and its business which are described in Risk Factors section contained in the Companys Annual Report on Form 10-K for fiscal year 2009. Readers are urged to consider these factors when evaluating any forward-looking statement. The Company undertakes no obligation to update any forward-looking statements in this report to reflect future events or developments.
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 thereunto duly authorized.
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AMERICAN CRYSTAL SUGAR COMPANY |
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Dated: |
October 8, 2010 |
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/s/ Teresa Warne |
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By: |
Teresa Warne |
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Its: |
Chief Accounting Officer |
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