SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Act of 1934
Date of Report (Date of earliest event reported) January 9, 1996
LAWTER INTERNATIONAL, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-7558 36-1370818
(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
990 Skokie Boulevard, Northbrook, Illinois 60062
(Exact address of registrant as specified in its charter)
708/498-4700
(Registrant's telephone number, including area code)
Not applicable
(Former name or former address, if changed since last report)
Page 1 of 43 pages
Exhibit Index at page 3
Item 5. Other Events
a) On January 9, 1996, the Registrant issued a news release announcing that
it would provide approximately $11 million after tax for consolidation of
facilities, employee reduction and other charges to 1995 fourth quarter
earnings. Such news release is attached as an exhibit to this report and is
incorporated herein by reference.
b) The Company has entered into an uncommitted Private Shelf Agreement with
The Prudential Insurance Company of America (Prudential) providing for potential
sales of senior notes of the Company of up to $125,000,000 in aggregate
principal amount. Pursuant to this agreement, the Company may issue and sell
and Prudential and/or any Prudential affiliate which may become bound under the
agreement may purchase senior notes of the Company with long-term maturities (up
to fifteen (15) years) and bearing interest at the then current interest rate
(as provided in the agreement). There is no obligation for either the Company
or Prudential to actually make such sales or purchases. On January 5, 1996, the
Company issued and sold $25,000,000 in aggregate principal amount of its Series
A Senior Notes due 2003 to Prudential under and pursuant to the Private Shelf
Agreement. Such Private Shelf Agreement is attached as an exhibit to this
report and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits. The exhibits to this report are listed in the Exhibit Index
included elsewhere herein.
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.
LAWTER INTERNATIONAL, INC.
By: /s/ William S. Russell
----------------------
William S. Russell
Vice President-Finance,
Secretary and
Treasurer
Date: January 12, 1996
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LAWTER INTERNATIONAL, INC.
Exhibit Index
Sequential
Page
Number and Description of Exhibit* Number
- ---------------------------------- -----------
99.1 News Release dated January 9, 1996 4
99.2 Private Shelf Agreement between Lawter International, Inc.
and The Prudential Insurance Company of America 5
- ---------------------
* Exhibits not listed are inapplicable.
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