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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): APRIL 24, 2003
SOLUTIA INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE
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(STATE OF INCORPORATION)
001-13255 43-1781797
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(COMMISSION (IRS EMPLOYER
FILE NUMBER) IDENTIFICATION NO.)
575 MARYVILLE CENTRE DRIVE, P.O. BOX 66760, ST. LOUIS, MISSOURI 63166-6760
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(314) 674-1000
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REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) The following exhibit is filed as part of this report:
Exhibit Number Description
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99 Press Release dated April 24, 2003, issued by
Solutia Inc.
ITEM 9. REGULATION FD DISCLOSURE
The information in this report is being furnished under Item 9
"Regulation FD Disclosure" and, in accordance with the procedural guidance
in the SEC's Release No. 33-8216, Item 12 "Disclosure of Results of
Operations and Financial Condition."
On April 24, 2003, Solutia Inc. issued a press release announcing
Solutia's financial results for the first quarter of 2003. The release also
announces a conference call to discuss Solutia's performance. A copy of that
press release is filed as an exhibit to this report and is incorporated here
by reference.
The press release uses the non-GAAP term "free cash flow." We
believe that this metric is useful to investors and management as a measure
of cash generated by business operations that can be used to repay debt
obligations or invest in future growth through new business development
activities. This metric can also be used to evaluate our ability to generate
cash flow from business operations and the impact that this cash flow has on
our liquidity. In addition, free cash flow is one of the performance
measures we use in determining incentive compensation.
The information in this report, including the exhibit, shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section.
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.
SOLUTIA INC.
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(Registrant)
/s/ Karen L. Knopf
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Assistant Secretary
DATE: APRIL 24, 2003
EXHIBIT INDEX
These exhibits are numbered in accordance with the Exhibit Table of Item 601
of Regulation S-K.
Exhibit Number Description
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99 Press release dated April 24, 2003, issued by Solutia Inc.