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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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): December 1, 2004

CORN PRODUCTS INTERNATIONAL, INC.


(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   1-13397   22-3514823

 
 
 
 
 
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
     
5 Westbrook Corporate Center, Westchester, Illinois   60154-5749

 
 
 
(Address of Principal Executive Offices)   (Zip Code)

(708) 551-2600


(Registrant’s Telephone Number, Including Area Code)

Not Applicable


(Former Name or Former Address, if Changed Since Last Report)

     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:

o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o   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
Exhibit 99  Press Release dated December 01, 2004.
SIGNATURES
Press Release


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Item 8.01  Other Events

On December 1, 2004, Corn Products International, Inc. (the “Registrant”) issued a press release announcing a 2-for-1 split of its common stock and a 16.7 percent increase in its quarterly cash dividend, payable January 25, 2005 to shareholders of record at the close of business on January 4, 2005. A copy of the Registrant’s press release is attached hereto as Exhibit 99.

Exhibit 99  Press Release dated December 01, 2004.

 


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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 hereunto duly authorized.

         
  CORN PRODUCTS INTERNATIONAL, INC.
 
 
Date: December 1, 2004  By:   /s/ Cheryl K. Beebe    
    Cheryl K. Beebe   
    Vice President and Chief Financial Officer   
 

 

exv99
 

Exhibit 99

(CORN PRODUCTS LOGO)

Corn Products International, Inc.
5 Westbrook Corporate Center
Westchester, IL 60154

N E W S  R E L E A S E

         
FOR IMMEDIATE RELEASE
  CONTACT:     
  Investors:    Richard M. Vandervoort, (708) 551-2595
  Media:   Mark Lindley, (708) 551-2602

CORN PRODUCTS INTERNATIONAL, INC.
INCREASES QUARTERLY DIVIDEND BY 16.7 PERCENT;
COMPANY ANNOUNCES TWO-FOR-ONE STOCK SPLIT

     WESTCHESTER, Ill., December 1, 2004 — The board of directors of Corn Products International, Inc. (NYSE: CPO) today declared an increased quarterly dividend of $0.14 per share, up from $0.12 per share, on the Company’s common stock.

     The dividend is payable January 25, 2005, to stockholders of record at the close of business on January 4, 2005. As of November 30, 2004, the Company had approximately 37.2 million shares outstanding.

     Also today, Corn Products International’s board of directors created a two-for-one split of the Company’s common stock by declaring a 100-percent stock dividend on the Company’s common stock.

     The 100-percent stock dividend is payable January 25, 2005, to stockholders of record at the close of business on January 4, 2005.

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Page 2 – Corn Products International, Inc.

     Corn Products International, Inc. is one of the world’s largest corn refiners and a major supplier of high-quality food ingredients and industrial products derived from the wet milling and processing of corn and other starch-based materials. The Company is the number-one worldwide producer of dextrose and a leading regional producer of starch, high fructose corn syrup and glucose. In 2003, the Company recorded net sales of $2.1 billion with operations in 19 countries at 37 plants, including wholly owned businesses, affiliates and alliances. Headquartered in Westchester, Ill., it was founded in 1906. The Company is listed on the New York Stock Exchange under the symbol CPO. Additional information can be found on the World Wide Web at www.cornproducts.com.

This release contains or may contain forward-looking statements concerning the Company’s financial position, business and future earnings and prospects, in addition to other statements using words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend” and other similar expressions. These statements contain certain inherent risks and uncertainties. Although we believe our expectations reflected in these forward-looking statements are based on reasonable assumptions, stockholders are cautioned that no assurance can be given that our expectations will prove correct. Actual results and developments may differ materially from the expectations conveyed in these statements, based on various factors, including fluctuations in worldwide commodities markets and the associated risks of hedging against such fluctuations; fluctuations in aggregate industry supply and market demand; general political, economic, business, market and weather conditions in the various geographic regions and countries in which we manufacture and/or sell our products, including fluctuations in the value of local currencies, energy costs and availability and changes in regulatory controls regarding quotas, tariffs, taxes and income tax rates; labor disputes; biotechnology issues; changing consumption preferences and trends; increased competitive and/or customer pressure in the corn-refining industry; the outbreak or continuation of hostilities including acts of terrorism; stock market fluctuation and volatility; and the resolution of the current uncertainties resulting from the Mexican HFCS tax. Our forward-looking statements speak only as of the date on which they are made and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of the statement. If we do update or correct one or more of these statements, investors and others should not conclude that we will make additional updates or corrections. For a further description of risk factors, see the Company’s most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q or 8-K.

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