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
May 20, 2005
Date of Report (Date of earliest event reported)
NICOR INC.
(Exact name of registrant as specified in its charter)
Illinois 1-7297 36-2855175
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
1844 Ferry Road
Naperville, Illinois 60563-9600
(Address of principal executive offices) (Zip Code)
(630) 305-9500
(Registrant's telephone number, including area code)
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))
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Item 8.01 Other Events
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The escrow arrangement entered into by Nicor Inc. (Nicor) with a third party
escrow agent on behalf of the company and its insured directors and officers in
April of 2004 was terminated on May 17, 2005. The escrow was created with $29
million deposited by an insurance carrier in partial reimbursement of costs
incurred by Nicor in a securities class action and a related shareholder
derivative action, both of which were previously settled by Nicor. With
termination of the escrow, the full amount of the escrow of $29 million, plus
earnings thereon of approximately $0.3 million, was distributed to the company.
Nicor will reflect the $29.3 million (pre-tax) in its Consolidated Statement of
Operations for the quarter ending June 30, 2005.
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Signature
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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.
Nicor Inc.
Date May 20, 2005 /s/ RICHARD L. HAWLEY
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Richard L. Hawley
Executive Vice President and
Chief Financial Officer