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) APRIL 15, 2005
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OIL-DRI CORPORATION OF AMERICA
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(Exact name of registrant as specified in its charter)
DELAWARE 0-8675 36-2048898
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) No.)
410 NORTH MICHIGAN AVENUE
SUITE 400
CHICAGO, ILLINOIS 60611-4213
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (312) 321-1515
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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 8.01 OTHER EVENTS.
On April 15, 2005, Oil-Dri Corporation of America (the "Registrant") issued a
press release announcing price increases for all of its product groups. A copy
of the press release is attached as Exhibit 99.1 and the information contained
therein is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(a) None.
(b) None.
(c) Exhibits
Exhibit
Number Description of Exhibits
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99.1 Press Release of Registrant dated April 15, 2005.
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
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Charles P. Brissman
Vice President and General Counsel
Date: April 15, 2005
EXHIBIT INDEX
Exhibit
Number Description of Exhibits
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99.1 Press Release of Registrant dated April 15, 2005.
Exhibit 99.1
RELEASE: Immediate CONTACT: Ronda J. Williams
312-706-3232
OIL-DRI ANNOUNCES PRICE INCREASES
CHICAGO - April 15, 2005 -Oil-Dri Corporation of America (NYSE: ODC) announces
price increases for all product groups effective immediately.
"We continue to see significant cost increases in fuel, packaging materials and
freight, all of which are major inputs to our cost of goods," said Dan Jaffee,
President and CEO.
Industry data indicates record increases of the company's critical external
inputs, including natural gas, resin and diesel fuel for freight. Oil-Dri uses
the PPI Index for Industrial Commodities (WPU03thru15) to govern the price
adjustments with its long-term, contractual partners. Using February's data,
this index is up 7.6%, year over year.
Price increases are scheduled for immediate implementation and will affect all
business segments including, consumer products, fluids purification,
agriculture, sports turf, animal health and nutrition and industrial businesses.
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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, INTENSE COMPETITION FROM
MUCH LARGER ORGANIZATIONS IN THE CONSUMER MARKET; THE LEVEL OF SUCCESS IN
IMPLEMENTATION OF PRICE INCREASES AND SURCHARGES; INCREASING ACCEPTANCE OF
GENETICALLY MODIFIED AND TREATED SEED AND OTHER 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.