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): OCTOBER 23, 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 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 23, 2003, Solutia Inc. issued a press release
announcing Solutia's financial results for the third quarter of 2003. The
release also announces a conference call to discuss Solutia's performance. A
copy of that press release is furnished as Exhibit 99 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 our investors and management as a
measure of cash generated by business operations that is available primarily
to repay debt obligations. 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.
Solutia will host a conference call on Friday, October 24, 2003 at
9 a.m. Central Time to discuss its performance. The call will be simulcast
on Solutia's homepage at
http://www.solutia.com/pages/corporate/investors/investor relations.asp
under the presentations and speeches tab.
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/ Rosemary L. Klein
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Assistant Secretary
DATE: OCTOBER 23, 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 October 23, 2003, issued by Solutia Inc.