1 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 January 10, 2003 ------------------------------------------ Date of Report (Date of earliest event reported) Oil-Dri Corporation of America ------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-8675 36-2048898 ----------------------- ----------------- ---------------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation) No.) 410 North Michigan Avenue Suite 400 Chicago, Illinois 60611-4213 ----------------------------- ------------ (Address of principal (Zip Code) executive offices) (312) 321-1515 ------------------------------------------ Registrant's telephone number 2 ITEM 5. OTHER EVENTS On January 10, 2003, the Registrant issued a press release announcing its intention to begin repurchases of shares of its Common Stock. A copy of the press release is attached as Exhibit 99, and is incorporated herein by this reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits: The following documents are attached as exhibits to this report: Exhibit NUMBER DESCRIPTION 99 Press Release, dated January 10, 2003
3 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 hereunto duly authorized. OIL-DRI CORPORATION OF AMERICA By: /S/ CHARLES P. BRISSMAN -------------------------------- Charles P. Brissman Vice President and General Counsel Date: January 13, 2002
4 RELEASE: CONTACT: Immediate Ronda Williams 312-706-3232 OIL-DRI ANNOUNCES PLAN TO REPURCHASE STOCK CHICAGO-January 10, 2003 - Oil-Dri Corporation of America (NYSE: ODC) announced today that it intends to repurchase shares of its common stock under previous authorizations approved by its Board of Directors. Under these authorizations, there are 446,610 remaining shares. The company last repurchased shares under these authorizations in December 1999. Daniel S. Jaffee, President and Chief Executive Officer commented, "Market conditions and our strong cash position allow us to restart our share repurchases as a good investment in our future. We will make these purchases periodically, taking into account applicable regulations, market conditions and our future expansion opportunities." ### OIL-DRI CORPORATION OF AMERICA IS THE WORLD'S LARGEST MANUFACTURER OF CAT LITTER AND A LEADING SUPPLIER OF SPECIALTY SORBENT PRODUCTS FOR INDUSTRIAL, AUTOMOTIVE, AGRICULTURAL, HORTICULTURAL AND SPECIALTY MARKETS. THIS RELEASE CONTAINS CERTAIN FORWARD-LOOKING STATEMENTS REGARDING THE COMPANY'S EXPECTED PERFORMANCE FOR FUTURE PERIODS, AND ACTUAL RESULTS FOR SUCH PERIODS MIGHT MATERIALLY DIFFER. SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO UNCERTAINTIES WHICH INCLUDE, BUT ARE NOT LIMITED TO, COMPETITIVE FACTORS IN THE CONSUMER MARKET; THE LEVEL OF SUCCESS IN IMPLEMENTATION OF PRICE INCREASES AND SURCHARGES; CHANGES IN OVERALL AGRICULTURAL DEMAND; CHANGES IN THE MARKET CONDITIONS, THE OVERALL ECONOMY, ENERGY PRICES, AND OTHER FACTORS DETAILED FROM TIME TO TIME IN THE COMPANY'S ANNUAL REPORT AND OTHER REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
News Release
Release:Immediate Contact: Ronda J Williams
312-706-3232
Oil-Dri Announces Plan to Repurchase Stock
CHICAGO--January 10, 2003 - Oil-Dri Corporation of America (NYSE:
ODC) announced today that it intends to repurchase shares of its
common stock under previous authorizations approved by its Board of
Directors. Under these authorizations, there are 446,610 remaining
shares. The company last repurchased shares under these
authorizations in December 1999.
Daniel S. Jaffee, President and Chief Executive Officer commented,
"Market conditions and our strong cash position allow us to restart
our share repurchases as a good investment in our future. We will
make these purchases periodically, taking into account applicable
regulations, market conditions and our future expansion
opportunities."
###
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Oil-Dri Corporation of America is the world's largest manufacturer
of cat litter and a leading supplier of specialty sorbent products
for industrial, automotive, agricultural, horticultural and
specialty markets.
This release contains certain forward-looking statements regarding
the company's expected performance for future periods, and actual
results for such periods might materially differ. Such
forward-looking statements are subject to uncertainties which
include, but are not limited to, competitive factors in the
consumer market; the level of success in implementation of price
increases and surcharges; changes in overall agricultural demand;
changes in the market conditions, the overall economy, energy
prices, and other factors detailed from time to time in the
company's annual report and other reports filed with the Securities
and Exchange Commission.