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.