1
================================================================================
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the quarterly period ended: June 30, 2001
-------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 1-7626
------
SENSIENT TECHNOLOGIES CORPORATION
---------------------------------
(Exact name of registrant as specified in its charter)
Wisconsin 39-0561070
- --------------------------- ----------
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) Number)
777 East Wisconsin Avenue, Milwaukee, Wisconsin 53202-5304
----------------------------------------------------------
(Address of principal executive offices)
Registrant's telephone number, including area code: (414) 271-6755
--------------
Former Name of Registrant: Universal Foods Corporation
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or such shorter period that the Registrant was required
to file such reports) and (2) has been subject to such filing requirements for
at least the past 90 days.
Yes X No
-----
Indicate the number of shares outstanding of each of the issuer's classes of
Common Stock as of the latest practicable date.
Class Outstanding at July 31, 2001
- ------------------------------------------ ----------------------------
Common Stock, par value $0.10 per share 47,698,997 shares
================================================================================
2
SENSIENT TECHNOLOGIES CORPORATION
INDEX
Page No.
--------
PART I. FINANCIAL INFORMATION:
Item 1. Financial Statements:
Consolidated Condensed Balance Sheets
- June 30, 2001 and December 31, 2000. 1
Consolidated Condensed Statements of Earnings
- Three and Six Months Ended June 30, 2001 and 2000. 2
Consolidated Condensed Statements of Cash Flows
- Six Months Ended June 30, 2001 and 2000. 3
Notes to Consolidated Condensed Financial Statements. 4
Item 2. Management's Discussion and Analysis of Financial Condition
and Results of Operations. 7
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 9
PART II. OTHER INFORMATION:
Item 4. Submission of Matters to a Vote of Security Holders. 10
Item 6. Exhibits and Reports on Form 8-K. 10
Signatures. 11
Exhibit Index. 12
3
PART I
FINANCIAL INFORMATION
4
SENSIENT TECHNOLOGIES CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(In thousands)
(Unaudited)
June 30, December 31,
ASSETS 2001 2000
------ --------------- --------------
CURRENT ASSETS:
Cash and cash equivalents $ 5,958 $ 3,217
Trade accounts receivable 130,346 121,719
Inventories 227,505 235,363
Prepaid expenses and other current assets 48,488 48,257
Net assets held for sale - 82,842
------------ -----------
TOTAL CURRENT ASSETS 412,297 491,398
OTHER ASSETS 73,472 63,742
INTANGIBLES (Net) 280,785 293,600
PROPERTY, PLANT AND EQUIPMENT:
Land and buildings 157,713 162,196
Machinery and equipment 391,703 392,065
------------ -----------
549,416 554,261
Less accumulated depreciation 249,929 238,753
------------ -----------
299,487 315,508
------------ -----------
TOTAL ASSETS $ 1,066,041 $ 1,164,248
============ ===========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Short-term borrowings $ 30,404 $ 99,347
Accounts payable and accrued expenses 100,641 115,615
Salaries, wages and withholdings from employees 9,717 12,086
Income taxes 20,624 17,284
Current maturities of long-term debt 7,683 7,800
------------ -----------
TOTAL CURRENT LIABILITIES 169,069 252,132
DEFERRED INCOME TAXES 28,213 35,707
OTHER DEFERRED LIABILITIES 19,255 19,475
ACCRUED EMPLOYEE AND RETIREE BENEFITS 21,640 22,735
LONG-TERM DEBT 414,784 417,141
SHAREHOLDERS' EQUITY:
Common stock 5,396 5,396
Additional paid-in capital 72,185 72,870
Earnings reinvested in the business 542,420 518,128
Treasury stock, at cost (127,694) (106,472)
Accumulated other comprehensive loss (77,827) (70,900)
Other (1,400) (1,964)
------------ -----------
TOTAL SHAREHOLDERS' EQUITY 413,080 417,058
------------ -----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,066,041 $ 1,164,248
============ ===========
See accompanying notes to consolidated condensed financial statements.
-1-
5
SENSIENT TECHNOLOGIES CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(In thousands except per share amounts)
(Unaudited)
Three Months Six Months
Ended June 30, Ended June 30,
-------------- --------------
2001 2000 2001 2000
---- ---- ---- ----
Revenue $ 203,927 $ 204,149 $ 399,620 $ 409,312
Cost of products sold 133,972 130,285 266,765 264,505
Selling and administrative expenses 38,694 38,591 76,976 77,990
---------- ---------- ---------- ---------
Operating income 31,261 35,273 55,879 66,817
Interest expense 7,630 8,536 16,452 16,602
---------- ---------- ---------- ---------
Earnings from continuing operations
before income taxes 23,631 26,737 39,427 50,215
Income taxes 5,358 8,823 10,150 13,093
---------- ---------- ---------- ---------
Earnings from continuing operations 18,273 17,914 29,277 37,122
(Loss) earnings from discontinued operations - (64) 7,780 1,077
Accounting change - - - 2,431
---------- ---------- ---------- ---------
Net earnings $ 18,273 $ 17,850 $ 37,057 $ 40,630
========== ========== ========== =========
Basic earnings per common share:
Continuing operations $ .38 $ .36 $ .61 $ .75
Discontinued operations - - .16 .02
Accounting change - - - .05
---------- ---------- ---------- ---------
Net earnings $ .38 $ .36 $ .77 $ .82
========== ========== ========== =========
Diluted earnings per common share:
Continuing operations $ .38 $ .36 $ .61 $ .75
Discontinued operations - - .16 02
Accounting change - - - .05
---------- ---------- ---------- ---------
Net earnings $ .38 $ .36 $ .77 $ .82
========== ========== ========== =========
Average number of common shares outstanding:
Basic 47,665 49,411 47,941 49,471
========== ========== ========== =========
Diluted 47,970 49,587 48,246 49,682
========== ========== ========== =========
Dividends per common share $ .1325 $ .1325 $ .2650 $ .2650
========== ========== ========== =========
See accompanying notes to consolidated condensed financial statements.
-2-
6
SENSIENT TECHNOLOGIES CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Six Months Ended
June 30,
-------------------------------
2001 2000
---- ----
Net cash provided by operating activities of continuing operations $ 16,260 $ 44,415
Net cash provided by discontinued operations 707 6,606
--------- ---------
Net cash provided by operating activities 16,967 51,021
--------- ---------
Cash flows from investing activities:
Acquisition of property, plant and equipment (16,587) (26,649)
Acquisition of new businesses (net of cash acquired) - (44,206)
Proceeds from sale of property, plant and equipment and businesses 108,738 1,864
Other items, net (891) (956)
--------- ---------
Net cash provided by (used in) investing activities 91,260 (69,947)
--------- ---------
Cash flows from financing activities:
Proceeds from additional borrowings 95,843 89,909
Reduction in debt (165,456) (43,568)
Purchase of treasury stock (30,892) (19,850)
Dividends (12,764) (13,163)
Proceeds from options exercised and other 8,433 6,016
--------- ---------
Net cash (used in) provided by financing activities (104,836) 19,344
--------- ---------
Effect of exchange rate changes on cash and cash equivalents (650) (153)
--------- ---------
Net increase in cash and cash equivalents 2,741 265
Cash and cash equivalents at beginning of period 3,217 114
--------- ---------
Cash and cash equivalents at end of period $ 5,958 $ 379
========= =========
Supplemental disclosure of cash flow information:
Cash paid during the period for:
Interest $ 16,464 $ 19,151
Income taxes 21,060 12,435
Liabilities assumed in acquisitions - 1,841
See accompanying notes to consolidated condensed financial statements.
-3-
7
SENSIENT TECHNOLOGIES CORPORATION
NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS
(Unaudited)
1. On November 6, 2000, Sensient Technologies Corporation, formerly Universal
Foods Corporation (the "Company"), began doing business under its new
name. An amendment to the Company's articles of incorporation changing the
Company's name to Sensient Technologies Corporation was adopted at the
Annual Shareholders' Meeting and became effective on April 26, 2001.
2. In the opinion of the Company, the accompanying unaudited consolidated
condensed financial statements contain all adjustments (consisting of only
normal recurring accruals) necessary to present fairly the financial
position of the Company as of June 30, 2001 and December 31, 2000 and the
results of operations for the three and six months ended June 30, 2001 and
2000 and cash flows for the six month periods ended June 30, 2001 and
2000. The results of operations for any interim period are not necessarily
indicative of the results to be expected for the full year.
3. Refer to the notes in the Company's annual consolidated financial
statements for the year ended December 31, 2000, for a description of the
accounting policies, which have been continued without change, and
additional details of the Company's financial condition. The details in
those notes have not changed except as a result of normal transactions in
the interim and the adoption of Statement of Financial Accounting
Standards No. 133, "Accounting for Derivative Instruments and Hedging
Activities" ("SFAS No. 133"), as amended, discussed in Note 4 below.
4. Effective January 1, 2001, the Company adopted SFAS No. 133 which requires
that all derivative instruments be reported on the balance sheet at fair
value and establishes criteria for designation and effectiveness of
hedging relationships. The cumulative effect of adopting SFAS No. 133 was
not material to the Company's financial statements.
In June 2001, the Financial Accounting Standards Board issued Statement of
Financial Accounting Standards No. 141, "Business Combinations" ("SFAS No.
141") and Statement of Financial Accounting Standards No. 142, "Goodwill
and Other Intangible Assets" ("SFAS No. 142"). SFAS No. 141 prohibits
pooling-of-interest accounting for acquisitions and is effective July 1,
2001. SFAS No. 142 requires that upon adoption, amortization of goodwill
will cease and instead, the carrying value of goodwill will be evaluated
for impairment on an annual basis. SFAS No. 142 will be adopted by the
Company on January 1, 2002. The impact of this pronouncement on the
Company's financial results is currently being evaluated.
5. Expenses are charged to operations in the year incurred. However, for
interim reporting purposes, certain of these expenses are charged to
operations based on an estimate rather than as expenses are actually
incurred.
6. On February 23, 2001, the Company completed the sale of substantially all
the assets of its Red Star Yeast business. The operating results of the
business through February 23, 2001 and the gain from the sale have been
reported as a separate line item on the consolidated condensed statements
of earnings. Refer to note 12 in the Company's 2000 Annual Report for
additional information.
The results from discontinued operations are as follows (in thousands):
Three Months Six Months
Ended June 30, Ended June 30,
--------------- --------------
2001 2000 2001 2000
---- ---- ---- ----
Revenue $ - $ 27,898 $ 16,810 $ 57,725
============= ========== ========== =========
Income taxes (benefit) $ - $ (162) $ 6,278 $ 660
============= ========== ========== =========
(Loss) earnings from discontinued
operations $ - $ (64) $ 7,780 $ 1,077
============= ========== ========== =========
-4-
8
7. In the second quarter, the Company modified its facilities consolidation
plan announced on December 21, 2000, based on a review of the business
outlook. This modification and lower than estimated costs and cash outlays
for certain items in the original plan resulted in a reversal in the
quarter of $3.2 million of the special charges reserve. This is included
in the line "Selling and administrative expenses" in the consolidated
condensed statements of earnings. During the six months ended June 30,
2001, payments of $1.6 million, primarily severance, have been applied to
the special charges reserve.
8. At June 30, 2001 and December 31, 2000, inventories included finished and
in-process products totaling $152.9 million and $157.7 million,
respectively, and raw materials and supplies of $74.6 million and $77.7
million, respectively.
9. During the six months ended June 30, 2001 and 2000, the Company
repurchased 1.3 million and 1.0 million shares of common stock for an
aggregate price of $29.3 million and $18.6 million, respectively.
10. For the six months ended June 30, 2001, depreciation and amortization
expense related to continuing operations were $18.9 million and $4.8
million, respectively. For the six months ended June 30, 2000,
depreciation and amortization expense related to continuing operations
were $18.3 million and $5.0 million, respectively.
11. Comprehensive income is comprised primarily of net earnings and foreign
currency translation. Total comprehensive income for the three months
ended June 30, 2001 and 2000 was $20.0 million and $7.6 million,
respectively. Total comprehensive income for the six months ended June 30,
2001 and 2000 was $30.1 million and $27.3 million, respectively.
12. As disclosed in the first quarter Form 10-Q, the Company reduced its
workforce by an additional 200 employees in April 2001. The severance cost
recognized in the second quarter related to this workforce reduction was
$3.0 million. This is included in the line "Selling and administrative
expenses" in the consolidated condensed statements of earnings. During the
six months ended June 30, 2001, severance payments of $1.1 million have
been paid.
13. Operating results and the related assets by segment for the periods
presented are as follows (in thousands):
Flavors & Corporate Continuing
Fragrances Color and Other Operations
---------- ----- --------- ----------
Three months ended June 30, 2001
Revenues from external customers $ 128,982 $ 62,095 $ 12,850 $ 203,927
Intersegment revenues 4,678 6,856 161 11,695
---------- ---------- ---------- ------------
Total revenue $ 133,660 $ 68,951 $ 13,011 $ 215,622
========== ========== ========== ============
Operating income (loss) $ 17,995 $ 18,915 $ (5,649) $ 31,261
Interest expense -- -- 7,630 7,630
---------- --------- ---------- ------------
Earnings (loss) before income taxes $ 17,995 $ 18,915 $ (13,279) $ 23,631
========== ========== ========== ============
Three months ended June 30, 2000
Revenues from external customers $ 123,244 $ 67,481 $ 13,424 $ 204,149
Intersegment revenues 5,462 5,189 -- 10,651
---------- ---------- ---------- ------------
Total revenue $ 128,706 $ 72,670 $ 13,424 $ 214,800
========== ========== ========== ============
Operating income (loss) $ 21,579 $ 18,293 $ (4,599) $ 35,273
Interest expense -- -- 8,536 8,536
---------- ---------- ---------- ------------
Earnings (loss) before income taxes $ 21,579 $ 18,293 $ (13,135) $ 26,737
========== ========== ========== ============
-5-
9
Flavors & Corporate Continuing
Fragrances Color and Other Operations
---------- ----- --------- ----------
Six months ended June 30, 2001
Revenues from external customers $ 249,242 $ 122,641 $ 27,737 $ 399,620
Intersegment revenues 8,923 12,765 161 21,849
---------- ---------- ---------- ------------
Total revenue $ 258,165 $ 135,406 $ 27,898 $ 421,469
========== ========== ========== ============
Operating income (loss) $ 30,739 $ 34,879 $ (9,739) $ 55,879
Interest expense -- -- 16,452 16,452
---------- --------- ---------- ------------
Earnings (loss) before income taxes $ 30,739 $ 34,879 $ (26,191) $ 39,427
========== ========== ========== ============
Assets $ 437,525 $ 225,513 $ 403,003 $ 1,066,041
========== ========== ========== ============
Six months ended June 30, 2000
Revenues from external customers $ 246,571 $ 136,489 $ 26,252 $ 409,312
Intersegment revenues 10,392 9,127 -- 19,519
---------- ---------- ---------- ------------
Total revenue $ 256,963 $ 145,616 $ 26,252 $ 428,831
========== ========== ========== ============
Operating income (loss) $ 42,140 $ 35,277 $ (10,600) $ 66,817
Interest expense -- -- 16,602 16,602
---------- ---------- ---------- ------------
Earnings (loss) before income taxes $ 42,140 $ 35,277 $ (27,202) $ 50,215
========== ========== ========== ============
Assets $ 429,189 $ 218,567 $ 410,639 $ 1,058,395
========== ========== ========== ============
-6-
10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
CONTINUING OPERATIONS
Revenue for the three months ended June 30, 2001 was $203.9 million
compared with $204.1 million in 2000, a 0.1% decrease. For the six
months ended June 30, 2001, revenue decreased 2.4% to $399.6 million
compared to the same period in 2000. Revenue in the Flavors &
Fragrances segment increased 3.8% and 0.5% for the three and six
months ended June 30, 2001, respectively. The Color segment revenue
decreased 5.1% and 7.0% for the three and six months ended June 30,
2001, respectively. Gross profit decreased 5.3% and 8.3% for the
three and six months ended June 30, 2001, respectively, compared to
the same period last year. The decrease is due to higher energy
costs, fewer new product introductions by our customers and product
mix change in our Flavors & Fragrances segment. Selling and
administrative expenses of $38.7 million were flat with last year in
the three months ended June 30, 2001 and decreased 1.3% in the six
month period. Operating income for the three months ended June 30,
2001 was $31.3 million, a decrease of $4.0 million. For the six
months, operating income decreased $10.9 million to $55.9 million.
Interest expense for the three months ended June 30, 2001, decreased
to $7.6 million from $8.5 million for the same period last year. For
the six months ended June 30, 2001, interest expense was $16.5
million, a decrease of 0.9%. The decrease is primarily due to the
reduction of debt with the funds from the sale of substantially all
of the assets of the Red Star Yeast business.
The effective income tax rate on continuing operations was 22.7% and
33.0% for the three months ended June 30, 2001 and June 30, 2000,
respectively. For the six months ended June 30, 2001 and June 30,
2000 the rate was 25.7% and 26.1%, respectively. The decrease in the
rate for the current quarter is due to an adjustment related to the
expected settlement of certain tax liabilities. The rate for the six
months ended June 30, 2001, was reduced for this adjustment in
addition to a reduction in the valuation allowance in the first
quarter due to the ability to utilize state net operating loss
carryforwards. Without these adjustments the effective tax rate would
have been 33.5% for the three and six months ended June 30, 2001. The
rate for the six months ended June 30, 2000, was reduced as a result
of a one-time benefit recognized in connection with the closing of
the Dehydrated facility in Ireland. Without this item, the effective
rate would have been 32.9%.
In the second quarter of 2001, the Company reduced its workforce by
200 people under the workforce reduction plan announced in April.
This workforce reduction is in addition to the facilities
consolidation plan announced in December 2000. As a result of the two
programs, the Company has reduced its workforce by more than 300
employees, out of a planned total of approximately 400, as of August
1, 2000. The Company is on target for the completion of the programs
by the end of October 2001. Annualized cost savings under the
programs is approximately $20 million with approximately $10 million
occurring in 2001.
DISCONTINUED OPERATIONS
On February 23, 2001, the Company completed the sale of substantially
all the assets of its Red Star Yeast business. Total proceeds were
approximately $113 million in cash, of which $4 million was received
in August 2000. A gain from the sale of the business and its
operating results through February 23, 2001 are included net of tax
in a separate line item "Earnings from discontinued operations" on
the statement of earnings. Cash proceeds received from the sale have
primarily been used to pay down short-term debt and repurchase the
Company's stock.
SEGMENT INFORMATION
Flavors & Fragrances - The Flavors & Fragrances segment's gross
revenue increased 4% to $133.7 million for the three months ended
June 30, 2001. Operating income for the quarter was $18.0 million, a
decrease of 17% from the same period last year. In the current
quarter, the segment reported increased volumes across all
businesses. However, increased energy costs, negative effect of
foreign currency exchange rates and product mix lowered operating
income. For the six months ended June 30, 2001, revenue increased
0.5% to $258.2 million. Operating income was $30.7 million compared
to $42.1 million in the same period last year due to increased energy
costs, negative foreign currency exchange rates and lower new product
introductions by our customers.
-7-
11
Color - Gross revenue for the Color segment was $69.0 million for the
three months ended June 30, 2001, a decrease of 5% from last year.
The strengthening US dollar and divestiture of non-strategic parts of
the Pointing acquisition were responsible for the revenue decrease.
Operating profit increased 3% to $18.9 million during the quarter.
The margin improvement was the result of higher volumes of non-food
colors and an improving product mix in food colors. Revenue for the
six months ended June 30, 2001, decreased 7% to $135.4 million due to
the items previously mentioned in addition to inventory reductions by
our customers. Operating profit for the six months ended June 30,
2001 decreased 1% to $34.9 million.
FINANCIAL CONDITION
The consolidated condensed balance sheet as of December 31, 2000 has
presented "Net assets held for sale" of the discontinued operation as
a separate line item in current assets.
The current ratio was 2.4 at June 30, 2001 compared with 1.9 at
December 31, 2000. The increase is primarily the result of decreased
short-term borrowings as the result of cash received from the sale of
the Red Star Yeast business.
Net cash provided by operating activities of continuing operations
was $16.3 million for the six months ended June 30, 2001, compared to
$44.4 million for the six months ended June 30, 2000. The decrease in
cash provided by operating activities in 2001 was primarily due to
reduced earnings, payments of income taxes and expenses related to
the disposition of the yeast business and working capital changes.
Cash from operations has strengthened in the three months ended June
30, 2001 as inventory levels have begun to decline. Net cash provided
by operating activities of discontinued operations was $0.7 million
for the six months ended June 30, 2001 compared to $6.6 million for
the six months ended June 30, 2000. The cash provided by discontinued
operations in 2001 includes results through the date of sale,
February 23, 2001.
Net cash provided by investing activities was $91.3 million for the
six months ended June 30, 2001 compared to net cash used in investing
activities of $69.9 million for the six months ended June 30, 2000.
Net cash provided by investing activities during the first six months
of 2001 includes cash proceeds from the sale of the Red Star Yeast
division of $108.5 million, which was partially offset by capital
expenditures of $16.6 million. Cash used in investing activities in
the first six months of 2000 includes acquisitions of $44.2 million
and capital expenditures of $26.6 million.
Net cash used in financing activities was $104.8 million for the six
months ended June 30, 2001, compared with cash provided by financing
activities of $19.3 million in the comparable period last year. Cash
proceeds from the sale of the Red Star Yeast business were used to
fund a net reduction of short-term borrowings of $69.6 million and
treasury stock purchases of $30.7 million during the six month period
ended June 30, 2001. The net borrowings in 2000 of $46.3 million were
used primarily to fund acquisitions and treasury stock purchases.
Dividends of $12.8 million and $13.2 million were paid during 2001
and 2000, respectively.
The Company's financial position remains strong, enabling it to meet
cash requirements for operations, capital expansion programs and
dividend payments to shareholders.
-8-
12
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
There have been no material changes in the Company's market risk
during the second quarter ended June 30, 2001. For additional
information on market risk, refer to pages 25 and 26 of the Company's
2000 Annual Report.
FORWARD-LOOKING INFORMATION
This document contains forward-looking statements that reflect
management's current assumptions and estimates of future economic
circumstances, industry conditions, Company performance and financial
results. The Private Securities Litigation Reform Act of 1995
provides a safe harbor for such forward-looking statements. Such
forward-looking statements are not guarantees of future performance
and involve known and unknown risks, uncertainties and other factors
that could cause actual events to differ materially from those
expressed in those statements. A variety of factors could cause the
Company's actual results and experience to differ materially from the
anticipated results. These factors and assumptions include the pace
and nature of new product introductions by the Company's customers;
execution of the Company's acquisition program; industry and economic
factors related to the Company's domestic and international business;
currency exchange rate fluctuations; and the outcome of various
productivity-improvement and cost-reduction efforts. The Company does
not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results expressed or implied therein will not be
realized.
-9-
13
PART II
OTHER INFORMATION
14
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
The information responsive to this item was provided in, and is
incorporated by reference from, item 4 of the Company's quarterly
report on Form 10-Q for the quarter ended March 31, 2001, filed on
May 14, 2001.
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits. (See Exhibit Index following this report.)
(b) No reports on Form 8-K were filed during the quarter ended June
30, 2001.
-10-
15
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 thereunto duly authorized.
SENSIENT TECHNOLOGIES CORPORATION
Date: August 14, 2001 By: /s/ John L. Hammond
-------------------------
John L. Hammond, Vice President,
Secretary and General Counsel
Date: August 14, 2001 By: /s/ Richard F. Hobbs
--------------------------
Richard F. Hobbs, Vice President
and Chief Financial Officer
-11-
16
SENSIENT TECHNOLOGIES CORPORATION
EXHIBIT INDEX TO
QUARTERLY REPORT ON FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 2001
Exhibit Description Filed Herewith Incorporated by Reference From
- ------- ----------- -------------- ------------------------------
3.1 Amended and Restated Articles of Exhibit 3.1 to the Quarterly Report
Incorporation of Sensient Technologies on Form 10-Q for the quarter
Corporation, as amended as of April 26, 2001. ended March 31, 2001
(Commission File No. 1-7626)
-12-