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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) September 26, 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 8.01 Other Events
On September 26, 2014, Seaboard Corporation issued a press release
announcing that Triumph Foods purchased a 50 percent ownership in Daily's
Premium Meats, the processed meats division of Seaboard Foods, which
produces and markets raw and precooked bacon, ham and sausage. Daily's
Premium Meats will be owned 50/50 by Seaboard Foods and Triumph Foods as of
September 27, 2014. As a result of the transaction, Seaboard received cash
proceeds of $72.5 million and will recognize an estimated pre-tax gain of
approximately $55.0 million, subject to final working capital adjustments.
The foregoing is a summary and does not purport to be a complete
description of all terms and conditions of the purchase. The full text of
this press release is included as Exhibit 99.1 to this Current Report on
Form 8-K and is incorporated herein by reference.
Forward-Looking Statements
This current report on Form 8-K may contain forward-looking statements
under the Private Securities Litigation Reform Act of 1995. There are a
number of important factors that could cause actual events to differ
materially from those suggested or indicated by such forward-looking
statements, and you should not place undue reliance on any such
forward-looking statements, including those regarding the Triumph joint
venture and the anticipated benefits of the venture. Forward-looking
statements, if made, are based on current intent, beliefs, plans and
expectations, and involve risks and uncertainties that could cause actual
future results, performance or developments to differ materially from those
described in or implied by such forward-looking statements, including
whether the conditions to closing the joint venture are satisfied, risks
related to operating the joint venture going forward, and the failure to
realize anticipates synergies or operational efficiencies from the joint
venture. The company cautions investors not to place undue reliance on any
forward-looking statements, and encourages investors to review risk factors
contained in Seaboard Corporation's most recent Securities and Exchange
Commission reports, including its annual report on Form 10-K, quarterly
reports on Form 10-Q, and current reports on Form 8-K, press releases and
other communications. We undertake no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence
of unanticipated events or changes to future operating results over time.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Seaboard hereby furnishes the following exhibit pursuant to Item 8.01:
99.1 Press release of Seaboard Corporation dated September 26, 2014
announcing the Triumph Foods purchase of a 50 percent interest in
Daily's from Seaboard Foods.
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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.
DATE: September 26, 2014
Seaboard Corporation
by: /s/ Steven J. Bresky
Steven J. Bresky, Chairman of the Board,
President and Chief Executive Officer
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