- Current report filing (8-K)
November 01 2011 - 4:18PM
Edgar (US Regulatory)
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, 2011
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.)
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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 October 31, 2011, the Board of Directors extended through October 31,
2012 the share repurchase program previously approved on November 6, 2009
and originally set to expire on October 31, 2011. Under this share
repurchase program, Seaboard is authorized to repurchase from time to time
up to $100,000,000 market value of its Common Stock in open market or
privately negotiated purchases which may be above or below the traded
market price. As of October 31, 2011, $63,329,000 remained available for
repurchases under this program. During the period that the share
repurchase program remains in effect, from time to time, Seaboard may enter
into a 10b5-1 plan authorizing a third party to make such purchases on
behalf of Seaboard. The stock repurchase will be funded by cash on hand.
Shares repurchased will be retired and resume the status of authorized and
unissued shares. All stock repurchased will be made in compliance with
applicable legal requirements and the timing of the repurchases and the
number of shares repurchased at any given time will depend upon market
conditions, compliance with Securities and Exchange Commission regulations
and other factors. The Board's stock repurchase authorization does not
obligate a specific amount of common stock and the stock repurchase program
may be suspended at any time at Seaboard's discretion.
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: November 1, 2011
Seaboard Corporation
by: /s/ Robert L. Steer
Robert L. Steer, Executive Vice President,
Chief Financial Officer
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