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) July 31, 2007
E. I. du Pont de Nemours and Company
(Exact Name of Registrant as Specified in Its Charter)
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Delaware
(State or Other Jurisdiction
Of Incorporation) | | 1-815
(Commission
File Number) | | 51-0014090
(I.R.S. Employer
Identification No.) |
1007 Market Street
Wilmington, Delaware 19898
(Address of principal executive offices)
Registrant’s telephone number, including area code: (302) 774-1000
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:
| o | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 2 — Financial Information
Item 2.03 Creation of a Direct Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
On July 31, 2007, the Registrant entered into a structured stock repurchase agreement with a large financial institution in which the Registrant made an upfront payment of $1.1 billion. The financial institution agreed to deliver a certain number of shares based on the volume-weighted average price, less a specified discount at the end of the contract period. The contract is expected to settle no later than September 28, 2007. The Registrant will finance the purchase with short-term borrowings.
The Registrant announced the $5 billion stock repurchase plan in October 2005. As of June 30, 2007, the Registrant had repurchased $3.9 billion, or approximately 90 million shares. The Registrant previously stated it expected to complete the share repurchase plan by the end of 2007.
SIGNATURE
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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| | | E. I. DU PONT DE NEMOURS AND COMPANY |
| | | (Registrant) |
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| | | |
| | | /s/ Barry J. Niziolek |
| | | |
| | | Barry J. Niziolek |
| | | Vice President and Controller |
July 31, 2007
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