SEC Filing - Oil-Dri Corporation Of America

View:

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 July 17, 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 jurisdiction of (Commission File Number) (IRS Employer incorporation) Identification No.) 410 North Michigan Avenue Suite 400 Chicago, Illinois 60611-4213 - ------------------------------------------ ------------------- (Address of principal executive offices) (Zip Code) (312) 321-1515 ----------------------------------------------------------------------- Registrant's telephone number

Item 5. Other Events On July 17, 2003, the Registrant issued the press release attached as Exhibit 99 and incorporated herein by reference, announcing that it will close its Christmas Valley, Oregon, facility and transfer existing customers to its newly acquired plant in Taft, California, and other Oil-Dri facilities. Item 7. Financial Statements and Exhibits - ------- --------------------------------- (c) Exhibits: The following document is attached as an exhibit to this report: Exhibit Number Description - ------- ----------- 99 Press Release dated July 17, 2003

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 Corporate Counsel Date: July 23, 2003

Contact: Ronda J Williams 312-706-3232 Oil-Dri Announces Western Region Reorganization CHICAGO - July 17, 2003 - Oil-Dri Corporation of America (NYSE: ODC) announced today a reorganization of service for its customers in the Pacific Northwest. On July 31, 2003, the company will close its Christmas Valley, Ore., facility and transfer existing customers to its newly .acquired plant in Taft, Calif., and other Oil-Dri facilities. The company anticipates that during the fourth quarter it will take a one-time charge not exceeding $850,000, to cover closing costs, severance and land reclamation. Sales from the Christmas Valley plant represent less than 1% of the company's business. The plant currently operates on a limited basis and has 12 employees. After the plant is closed, those full-time employees will be offered a severance package and given priority consideration for employment at other Oil-Dri locations as jobs become available. The plant closing will not materially impact the company's reported earnings going forward. Nor does the company expect the charge taken to affect its previously stated per share earnings estimates of $0.45 to $0.60 for the fiscal year ended July 31, 2003. ### 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; increasing regulation of the food chain; 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.