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) | June 14, 2012 |
Oil-Dri Corporation of America
(Exact name of registrant as specified in its charter)
| Delaware | 001-12622 | 36-2048898 | ||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
|
410 North Michigan Avenue Suite 400 Chicago, Illinois |
60611-4213 | |
| (Address of principal executive offices) | (Zip Code) |
| Registrant’s telephone number, including area code | (312) 321-1515 |
(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 8.01 Other Events.
At its regular meeting on June 14, 2012, the Registrant’s Board of Directors authorized the repurchase of up to an additional 250,000 shares of the Registrant’s Common Stock. At the same meeting, the Registrant’s Board of Directors also declared increased quarterly cash dividends of $0.18 per share (increased from $0.17 per share) of the Registrant’s Common Stock and $0.135 per share (increased from $0.1275 per share) of the Registrant’s Class B Stock. The dividends will be payable on August 31, 2012, to stockholders of record at the close of business on August 17, 2012. A copy of the Registrant’s press release announcing these matters is attached as Exhibit 99.1 and the information contained therein is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
| Exhibit Number | Description of Exhibits | |
| 99.1 | Press Release dated June 14, 2012 |
SIGNATURES
Pursuant to the requirements of the Exchange Act, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OIL-DRI CORPORATION OF AMERICA | ||
| By: | /s/ Douglas A. Graham | |
| Douglas A. Graham
Vice President and General Counsel | ||
Date: June 14, 2012
Exhibit Index
| Exhibit Number | Description of Exhibits | |
| 99.1 | Press Release dated June 14, 2012 |
Exhibit 99.1
News Release
News Announcement
CONTACT
Ronda
J. Williams, Investor Relations
Oil-Dri Corporation of America
312/706-3232; ronda.williams@oildri.com
Oil-Dri Board of Directors Declares Increased Dividends and
Authorizes Additional Common Stock Repurchases
CHICAGO, IL – (June 14, 2012) – The Board of Directors of Oil-Dri Corporation of America (NYSE: ODC) today declared quarterly cash dividends of $0.18 per share of Common Stock and $0.135 per share of Class B Stock, a 6% increase for both classes of stock.
The Board of Directors also authorized the repurchase of 250,000 additional shares of its Common Stock. Including the 89,229 shares left under prior authorizations, the Company is now authorized to repurchase a total of 339,229 shares of Common Stock.
The Company has purchased a total of 277,648 shares during fiscal year 2012 at an average price of $21.08.
The dividends will be payable on August 31, 2012, to stockholders of record at the close of business on August 17, 2012. The Company has paid cash dividends continuously since 1974 and has now increased dividends annually for nine consecutive years.
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Oil-Dri Corporation of America is a leading supplier of specialty sorbent products for industrial, automotive, agricultural, horticultural and specialty markets and the world’s largest manufacturer of cat litter.