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) May 2, 2006
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Oil-Dri Corporation of America |
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(Exact name of registrant as specified in its charter) |
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Delaware |
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0-8675 |
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36-2048898 |
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(State or other jurisdiction |
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(Commission File |
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(IRS Employer |
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410 North Michigan Avenue Suite 400 |
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Chicago, Illinois |
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60611-4213 |
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(Address of principal executive offices) |
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(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):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 8.01 Other Events.
On May 2, 2006, 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.
(d) Exhibits
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Exhibit |
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Description of Exhibits |
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99.1 |
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Press Release of Registrant dated May 2, 2006. |
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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.
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OIL-DRI CORPORATION OF AMERICA |
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By: |
/s/ Charles P. Brissman |
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Charles P. Brissman |
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Vice President and General Counsel |
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Date: May 3, 2006 |
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Exhibit Index
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Exhibit |
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Description of Exhibits |
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99.1 |
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Press Release of Registrant dated May 2, 2006. |
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Exhibit 99.1
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Immediate |
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Contact: |
Ronda J. Williams |
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312-706-3232 |
Oil-Dri Announces Another Round Of Price Increases
CHICAGO – May 2, 2006 – Oil-Dri Corporation of America (NYSE: ODC) today announced plans to raise prices and continue fuel surcharges in an effort to combat record high energy and materials costs.
Dan Jaffee, President and CEO said, “Rising energy and other materials costs are continuing to have a negative impact on our margins. We have remained focused on implementing internal cost reduction programs that maximize our manufacturing efficiency; however, record-breaking energy costs make those efforts an ongoing challenge. Our delivered cost of goods is very sensitive to increases in the costs of natural gas and fuel oil, as well as the costs of packaging materials, steel and diesel fuel. These inputs are key components in the manufacturing and delivery process.
“We very much appreciate our customers’ understanding and support during this very difficult external environment.”
By July 31, 2006, Oil-Dri expects to implement its revised pricing schedule throughout all markets in both its Business-to-Business and Retail and Wholesale operating segments.
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Oil-Dri Corporation of America is a leading supplier of specialty sorbent products for agricultural, horticultural, fluids purification, animal health and nutrition, industrial and automotive markets, and the world’s largest manufacturer of cat litter.
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, volatility in the price and availability of natural gas, fuel oil and other energy sources, and other factors detailed from time to time in the company’s annual report and other reports filed with the Securities and Exchange Commission.
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