bodyform8-kcaforcemajeure.htm
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): February 21,
2008
OLIN
CORPORATION
(Exact
name of registrant as specified in its charter)
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Virginia
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1-1070
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13-1872319
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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190
Carondelet Plaza, Suite 1530
Clayton,
MO
(Address
of principal executive offices)
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63105-3443
(Zip
Code)
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(314)
480-1400
(Registrant’s
telephone number, including area
code)
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(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 (see General Instruction A.2. below):
[ ]
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
7.01. Regulation FD
Disclosure.
In
accordance with General Instruction B.2. of Form 8-K, the following information
shall not be deemed to be “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended. Olin
disclaims any intention or obligation to update or revise this
information.
Attached
as Exhibit 99.1 and incorporated herein by reference is a copy of the Company’s
press release dated February 21, 2008, announcing that it has declared a force
majeure for caustic soda system-wide, until further notice. The force
majeure was declared as a result of (1) significant, unexpected operational
interruptions in the Company’s caustic soda production capabilities, including
plant shutdowns due to weather related, technical and equipment issues at
several of the Company’s production facilities and (2) the lack of chlorine
demand which restricts the Company’s ability to produce caustic
soda. Olin currently expects to supply its customers with
approximately 70% of their typical contract volumes, subject to adjustment as
circumstances dictate. The Company will strive to supply its
customers with 100% of their requirements as soon as possible.
CAUTIONARY
STATEMENT ABOUT FORWARD-LOOKING STATEMENTS:
This
report includes forward-looking statements. These statements relate to analyses
and other information based on management’s beliefs, certain assumptions made by
management, forecasts of future results and current expectations, estimates and
projections about our operations and the markets and economy in which we and our
various segments operate. The statements contained in this report that are not
statements of historical fact may include forward-looking statements that
involve a number of risks and uncertainties, including future demand for
chlorine and caustic soda and the timing of resolution of various issues with
our facilities.
We have
used the words “anticipate,” “expect,” and variations of such words and similar
expressions in this report to identify such forward-looking statements. These
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions, which are difficult to predict and many of which
are beyond our control. We undertake no obligation to update publicly any
forward-looking statements, whether as a result of future events, new
information or otherwise.
You
should consider these forward-looking statements in light of risk factors
discussed above and those in our annual report on Form 10-K for the year ended
December 31, 2006, and subsequent periodic filings made with the Securities and
Exchange Commission. In addition, other risks and uncertainties not
presently known to us or that we consider immaterial could affect the accuracy
of our forward-looking statements.
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Item
9.01
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Financial
Statements and Exhibits.
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Exhibit
No.
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Description
of Exhibit
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99.1
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Press
Release dated February 21, 2008.
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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 hereunto
duly authorized.
OLIN
CORPORATION
By: /s/ George H.
Pain
Name: George H.
Pain
Title: Vice
President, General Counsel and
Secretary
Date: February
21, 2008
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Exhibit
No.
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Description
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99.1
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Press
Release dated February 21, 2008.
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